Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Investing
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
View Poll Results: Do you think it is time to buy?
Yes 45 54.88%
No 37 45.12%
Voters: 82. You may not vote on this poll

Reply Start New Thread
 
Old 08-03-2011, 11:15 PM
 
Location: Flippin AR
5,513 posts, read 5,227,524 times
Reputation: 6242

Advertisements

Quote:
Originally Posted by stan4 View Post
Well, I buy every month rain or shine; however, if you mean to put in a big chunk at once NOW, I'd wait till the Dow drops a bit more. The 11000 range doesn't seem particularly historically low. We can do a lot worse.

Still happy about picking up GE at 13 a while back...it hasn't looked back since.
And my great-aunts bought GM when it was the largest and most successful company in the world, thinking it would be a good legacy. It was one of the few things I inherited when the last of my family died, but during Probate Obama decided to sacrifice my family's investment and instead hand the remaining value of the company to the union that had bankrupted it.

GM is a disaster of a company, successful only because it pays Obama and his cronies well to provide lots of taxpayer funding. It's a perfect example of modern Big Business and Big Government, giving financial success despite being badly managed and grossly inefficient, and failing miserably to do any job they are paid to do--while being protected by previous contract. That's on a industrial level. On a personal level, I bought a very expensive GE refrigerator and it lasted 4 years before having a failure that would have cost more than a new fridge to fix. Never again.

If just once in my life Government gives me a penny back, after robbing me of most of what I earn and much of what I have, I'll probably die of a heart attack on the spot. The only thing good about the gross overspending of government, is that it will end soon--albeit in total economic collapse. Let's make sure Big Government dies in the bonfire it makes of our nation and its economy, since it should not be allowed to destroy us again.
Reply With Quote Quick reply to this message

 
Old 08-04-2011, 01:15 AM
 
12,671 posts, read 23,751,205 times
Reputation: 2665
For 401K, its automatic, it will just dollar cost average.

Good time to also buy undervalued stocks for short-term after-tax account.
Reply With Quote Quick reply to this message
 
Old 08-04-2011, 03:56 AM
 
454 posts, read 1,240,276 times
Reputation: 440
buy. Definitely buy.
Reply With Quote Quick reply to this message
 
Old 08-04-2011, 09:11 AM
 
3,335 posts, read 2,978,191 times
Reputation: 921
Dow 9k by Sept 21st.

Dow 7k by Oct 31st.

buy in Dec. when the middle east war is in full swing.
Reply With Quote Quick reply to this message
 
Old 08-04-2011, 09:42 AM
 
Location: San Diego California
6,795 posts, read 7,267,618 times
Reputation: 5194
PE on the S&P is still at 15, I will wait until it hits 10 or less
Reply With Quote Quick reply to this message
 
Old 08-04-2011, 09:58 AM
 
Location: Wherever women are
19,012 posts, read 29,650,772 times
Reputation: 11309
I picked up 300 SIRI Jan expiry contracts
Reply With Quote Quick reply to this message
 
Old 08-04-2011, 10:16 AM
 
Location: Wisconsin
25,607 posts, read 56,335,104 times
Reputation: 23297
Quote:
Originally Posted by stan4 View Post
The 11000 range doesn't seem particularly historically low. We can do a lot worse.
Hehe - see how smart you are!! Bloodbath today - and more coming.
Reply With Quote Quick reply to this message
 
Old 08-04-2011, 11:59 AM
 
Location: Chicago
1,953 posts, read 4,948,994 times
Reputation: 919
Quote:
Originally Posted by Oildog View Post
I'm starting to buy, but routinely do every 4-6 months.
I more or less do the same thing as well. My only problem is that I did my buy about a month ago, doh! Everyone was talking about a correction a few months back and now it seems to be happening with debt fears. But now everyone seems scared once again. I know I sure was not expecting such a dip after the debt deal was signed.
Reply With Quote Quick reply to this message
 
Old 08-04-2011, 02:08 PM
 
Location: Wherever women are
19,012 posts, read 29,650,772 times
Reputation: 11309
Lost 500, I don't remember such a huge one day drop since 2008-09

Officially, my portfolio is 40% down right now, given that some of it is uranium. But I believe the DOW will lose another 1000 in the next month or so.

I am accumulating money right now and by end of September, I should be ready for a massive buy.
Reply With Quote Quick reply to this message
 
Old 08-04-2011, 02:22 PM
 
437 posts, read 790,756 times
Reputation: 306
Happy Birthday Barack!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Investing

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top