my client who is the best reverse indicator i've ever seen

[TheDeeble]

Here's a tip: Buy low, sell high. You're welcome.

Perhaps I exaggerated a bit.

I'm not very knowledgeable about investing although I understand the basics. I've just never invested before.

 

[VolsNSkinsFan]

Pick some basic stocks... Like GE, Bank of America, Boeing, an Oil company, and a Tech like Google and Apple and there you got a nice long term portfolio


Oh dont chase returns... if a stock is up big on a day, wait a day or two for it to pull back, buy on down days like today.

 

[droski]

don't invest unless you have 6 months of expenses in cash.

 

[droski]

you can buy the vanguard total market index fund (VTI) and get diversified through the market. a lot less scary than buying individual stocks.

 

[UT IE 95]

Perhaps I exaggerated a bit.

I'm not very knowledgeable about investing although I understand the basics. I've just never invested before.

I know - Just yankin' chain.

 

[UT IE 95]

you can buy the vanguard total market index fund (VTI) and get diversified through the market. a lot less scary than buying individual stocks.

I have a nice piece of that myself. In fact I a few Vanguard funds.

 

[VolsNSkinsFan]

American Funds are top notch along with Vanguard and Oppenheimer

 

[Vol Mania 21]

well looks like i'll wait, i was just wanting to throw a couple of grand out there

 

[droski]

the problem with american funds is the 4+% upfront comission

 

[TheDeeble]

don't invest unless you have 6 months of expenses in cash.

I have about 24 months of expenses in cash.

Never been a risk taker financially.

 

[Vol Mania 21]

don't invest unless you have 6 months of expenses in cash.

you mean in the bank just in case you lose all ur money in the stock market? if that's the case then it's a whole diff ball game w/ me, i'm good 2 go

 

[TheDeeble]

you mean in the bank just in case you lose all ur money in the stock market? if that's the case then it's a whole diff ball game w/ me, i'm good 2 go

I wouldn't have thought he meant in case you lose your money investing.

It's just a good idea to have emergency money available for whatever may happen. Job loss, personal injury, sudden unforseen expenses, ect.

 

[droski]

no just in case you get fired tomorrow and your wife divorces you

VIX is at 75. highest since 1987.

 

[Vol Mania 21]

o ya, i thought he was saying have 6 months of money to invest, to actually make some money, i'm on crack today, please excuse my stupidness

 

[WA_Vol]

if you want to flush 40% of your money down the drain, buy gold.

:lol: you've probably read what Warren Buffet said about gold.

 

[T-TownVol]

:lol: you've probably read what Warren Buffet said about gold.

WB craps gold bricks.

 

[BigPapaVol]

WB craps gold bricks.

that lean too far left.

 

[SavageOrangeJug]

just sold out his stock account over my strong objections.

:clap:

Please tell me he bet on the Dawgs too.

 

[VolsNSkinsFan]

just sold out his stock account over my strong objections.

:clap:

Ouch so he has missed out on these gains huh? Oh well hope you charged a nice commish on the way out

 

[WA_Vol]

:lol: pretty funny you created this thread a couple of business days before the biggest gain in a single day in Wall Street history.

 

[BigPapaVol]

but capitulation of this nature is always the sign of a bottom and ensuing large rally. It takes this part of it to convince others to get back in.

The market has nothing to do with stock values today. It's purely psychological right now.

 

[droski]

:lol: pretty funny you created this thread a couple of business days before the biggest gain in a single day in Wall Street history.

it's wasn't a coincidence.

 

[BigPapaVol]

it's wasn't a coincidence.

presumably and you nailed it.

Have you talked with him yet?