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The stock market correction is over. How do I know? Ken Moraiff apparently told his clients to get out on Friday. LOL. He locked in losses twice in the last few years (in 2010 and 2011 - 2012) totaling over 20% in missed gains. Miserable advice.
The stock market correction is over. How do I know? Ken Moraiff apparently told his clients to get out on Friday. LOL. He locked in losses twice in the last few years (in 2010 and 2011 - 2012) totaling over 20% in missed gains. Miserable advice.
How do guys like this stay in business?
There's one prominent loudmouth goldbug that has been wrong for a very long time, but he's rich because he owns an investment firm and I can only imagine how his clients have been doing. Somehow he's still in business and for whatever reason CNBC keeps giving him TV time too, you can probably guess who I'm talking about... The point is, I'd like to know how some of these people can make it when they've got a terrible track record.
The stock market correction is over. How do I know? Ken Moraiff apparently told his clients to get out on Friday. LOL. He locked in losses twice in the last few years (in 2010 and 2011 - 2012) totaling over 20% in missed gains. Miserable advice.
Jeez, at first I thought you were serious. Futures look bleak and Asia markets down. I'm thinking this is gonna be one of them eighteen month thingies. I'm staying in and continuing to max out my Roth. At least there's dividend reinvestment.
Dividend reinvestment plans typically give a discount to the spot price and may also allow for additional cash purchases at the same discount with no commissions, so they do offer a small amount of incremental value.
if they do than you would get some extra value if a discount . most do not charge a commission on reinvestment but then again since it is all about total return there is no additional chargers if comparing the same returns and no div.
There's one prominent loudmouth goldbug that has been wrong for a very long time, but he's rich because he owns an investment firm and I can only imagine how his clients have been doing. Somehow he's still in business and for whatever reason CNBC keeps giving him TV time too, you can probably guess who I'm talking about... The point is, I'd like to know how some of these people can make it when they've got a terrible track record.
Sounds like Peter Schiff. He recommends up to 20% in gold. He also recommends investing overseas because he thinks the dollar is gonna collapse at some point. He's been saying the same thing for years now.
Sounds like Peter Schiff. He recommends up to 20% in gold. He also recommends investing overseas because he thinks the dollar is gonna collapse at some point. He's been saying the same thing for years now.
I remember he was recommending some gold mining stocks way back. Anyone who got in them back then, or even along the way, got crushed. The problem with people like the ones you mentioned is they will ultimately be correct ONE day, but in terms of trading between the prediction and that one day, you can lose everything. Many who followed blindly into the gold trade lost a fortune. As I said recently, once all the gold bulls turn bearish, THEN it is time to buy. It is fairly close to that point, but not yet.
Also, keep in mind individuals like the one you mentioned are not making a living trading. They are selling books, DVDs, brokerage companies/commissions etc that account for a large portion of their pie.
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