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You'd be better served if you could post without name calling in nearly every post. You cry about the negative attention you receive and yet it's your delivery that drives the vast majority of it
Thank you Katie.....one of my major Pet Peeves = "loose" vs "lose".....it's amazing how many supposed somewhat intelligent people continue to misspell "lose" as "loose"......I get the occasional typo being made but I have seen many posts where it has been repeated over and over so it's not a typo.
I will start reading a post that seems to be posted by a person of at least average to above average intelligence and then see the dreaded "loose" in the post instead of the proper spelling.....it makes me discount pretty much anything they say since, if they were even slightly knowledgeable, they would know the difference.
Too bad it's going over the head of these guys who live and die by the Stock Market.
And you're the one whining that you didn't feel welcomed in the investing forum, right? Can't imagine why...
Quote:
Originally Posted by jotucker99
And what GUY that gambled on cash equivalents who is now forced to adjust his lifestyle are you referring to? You guys keep referring to this guy that eats dog food in retirement because he didn't put his money in your precious stock market, can you give me some links, reports, stories, or any type of coverage on who this guy is?
Of course you can't, because he doesn't exist.
Ask richrf if he knows of anyone who's posted on here that they have stopped eating out at restaurants, buying only essentials, entertaining by hanging out at library, doing crossword and jigsaw puzzles. I don't know about the dog food thing I'd say 90% of dog food referenced have been posted by you.
Quote:
Originally Posted by jotucker99
But according to you "stock boys", the Stock Market is the "only way" to prosperity and if you don't participate in the Stock Market, you will be eating dog food.
You keep saying this over and over but I don't think most stock investors you're disagreeing with have made this claim.
You can build wealth by keeping your money in cash equivalents, you'll just likely have to work much longer than investors with more diverse portfolios to build a nest egg suitable for retirement. If your risk aversion is so strong you need to go this route then more power to you, I prefer to have the freedom of retirement while we're still young enough to enjoy it.
If the Fed Funds rate were more in balanced, CDs would be at a solid 5% for a 5 year term right now and you would NEVER have seen DOW 18k.
That is pretty funny, you ranting about others making assumptions about future performance while you make assumptions about what the stock market would have done if another factor in economy was different.
Sounds like sour grapes.
Quote:
Originally Posted by jotucker99
Hell will freeze over the moment I see MathJak or any other member of the MathJak Team even HINT that a person might (just might) lose money in the Stock Market
Okay now you're just manufacturing things to cry about, there isn't one person in these forums who would claim one can't lose money in the stock market and you know it. Anyone who invests has seen their money go up and seen it go down.
Because two people actually study and research economics and stocks, you come to the conclusion they are the same people? You think every person in this world are just mindless bots throwing money into the stpck market because stocks always go up?
Mindless, reckless gambling on stocks probably do as much damage to our economy as any other action, since it distorts capital allocations and rewards CEOs tremendously if they are clever enough to rig their books to show profit and growth for a short period of time. The goal of CEOs had changed from building a real company to building an illusory one that can IPO at a $60 billion because it can Tweet like a bird.
How else can one explain the silliness of rewarding Bezo and Amazon with a P/E of 700? Do the "investors" who purchased their stock believe that. Amazon will ultimately be the only retail outlet left on this planet. This company barely makes any money.
Or, how about rewarding the Russell 2000 index a P/E of 100. Do the "investors" in this index believe that companies on this index that actually have negative earnings will double their non-existent earrnngs for the rest of the century?
Portfolio allocations of 60/40 or whatever are not only absurd in that people actually believe they can do nothing and still make tons of money, it is harmful to the economy. Sorry, 60/40 or 50/50 and hold does not make anyone an expert in anything.
This is what "it will always go up" investing gets you when you rely on the Central Bank to levitate markets. The Shanghai Index is a perfect proxy for Central Bank planning and what it gets you. Of course you can always hope you retire during a Bubble.
Last edited by yellowbelle; 01-26-2016 at 09:39 PM..
Reason: quoted post deleted
Because two people actually study and research economics and stocks
Wait, are you counting yourself among the two people with all this expertise?
You're the guy who in 2012 in these forums said the market had peaked, right before it gained 45% over the ensuing two years. Surely people who believe actually studying and researching economics and stocks means they are experts couldn't have managed such a foolish conclusion from flawed analysis.
For added laughs I think you were referencing various charts and measures when you made your 2012 market top declaration. I'll have to go find that post to get some giggles.
This latest downturn will affect you as much as your investing strategy will allow. If you are day trading or bottom fishing, a period like the current can be brutal. Overnight losses in the thousands with no escape route is punishing.
However, if you are buying quality companies, focusing on long-term results, then this latest drop is a low point in the ebb and flow of the stock market, which over the long-term returns somewhere between 9-12%. If that is the case, stick with it and perhaps buy more of those well established companies.
Overheard the El-Erian interview on CNBC. Too bad no video is up yet. He talked about the social and political unrest that is forcing a change in Central Bank policies. Also, in a very politically correct manner, suggested that people should be raising cash at this time. Dr. Kevin had been saying the following all along:
"Allianz Chief Economic Adviser Mohamed El-Erian said Tuesday the world economy is at the end of the era of borrowing growth and profits from the future in the form of easy monetary policies.
"Either we validate the financial asset prices and growth faster, or alternatively we will slip into a global recession with financial disorder," he told CNBC's "Squawk Box," putting a timetable of about three years on the outcome."
and he is so sure of this because he can predict the future i bet .
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It is not a typo because you did it twice. Please read this.
