Getbig Bodybuilding Boards > Gym/Stores/Industry Business Board
The USA is Digging Itself Deeper & Deeper....
2Thick:
Big market selloffs like Q4 '07 through Q1 '09, and the corrections in the spring / early summer of 2010 and summer of 2011 are great opportunities to get bargains on great investments.
I like some of everything - gold and other metals, real estate, good corporate stocks and bonds, oil and gas, etc. I also make liberal use of put options and a broad market short position as a hedge.
I'll keep doing what I've been doing for most of the 20 years I've been investing - investing mainly bottom-up on fundamentals in a diversified portfolio, and keeping my emotions out of it. I've found that it works very well overall.
24KT:
--- Quote from: 2Thick on May 07, 2014, 10:34:13 AM ---Big market selloffs like Q4 '07 through Q1 '09, and the corrections in the spring / early summer of 2010 and summer of 2011 are great opportunities to get bargains on great investments.
I like some of everything - gold and other metals, real estate, good corporate stocks and bonds, oil and gas, etc. I also make liberal use of put options and a broad market short position as a hedge.
I'll keep doing what I've been doing for most of the 20 years I've been investing - investing mainly bottom-up on fundamentals in a diversified portfolio, and keeping my emotions out of it. I've found that it works very well overall.
--- End quote ---
Good Luck to you. You have much bigger ovaries than me. The markets have been so out of whack for the past 6 years, I haven't felt comfortable about any kind of investments at all. The rules of the game have been thrown out in favour of crony capitalism. You say one should keep their emotions out of it, but that is downright impossible when you're essentially rolling the dice. In my opinion, that's all the investment world has become these days... nothing but a crap shoot in the casinos of Wall Street. I find it hard not to get emotional when I'm being robbed left & right. They aren't even bothering to try to hide it anymore.
These days I'm all about wealth & capital preservation. Perhaps some miracle may occur, and the environment may become conducive to investing again, or perhaps something may come along that would be worth the investment. Until then, I'll simply save what I have, exchange it into real money, ...and maybe perhaps invest it, but only if the markets become conducive to investing again.
2Thick:
It can be scary, no doubt. Anything I invest a substantial amount of money in (90-95% of my time, money, and efforts) I get to know very well before I jump in - I read the 10k, everything. The other 5-10% of my time, energy, and effort is on more speculative investments / trades that have something very unusual happen that creates the opportunity for quick profit or may look promising for the longterm. I diversify and go to great lengths to minimize risk.
I feel much more confident investing most of my money and the money of others in a few dozen publicly traded companies I have handpicked than I would be putting money into private businesses, speculative real estate, etc.
90% of all private companies fail. And real estate fluctuates more than most people realize, doesn't guarantee income or anything else, and can be hard to liquidate.
24KT:
--- Quote from: 2Thick on June 14, 2014, 10:46:44 AM ---It can be scary, no doubt. Anything I invest a substantial amount of money in (90-95% of my time, money, and efforts) I get to know very well before I jump in - I read the 10k, everything. The other 5-10% of my time, energy, and effort is on more speculative investments / trades that have something very unusual happen that creates the opportunity for quick profit or may look promising for the longterm. I diversify and go to great lengths to minimize risk.
I feel much more confident investing most of my money and the money of others in a few dozen publicly traded companies I have handpicked than I would be putting money into private businesses, speculative real estate, etc.
90% of all private companies fail. And real estate fluctuates more than most people realize, doesn't guarantee income or anything else, and can be hard to liquidate.
--- End quote ---
I guess scared isn't really the right word, ...more infuriating. I don't have a problem with risk,
...but I just think some risks are just plain stupid, so I won't take them. Everybody is different.
Some guys like to cut their flesh, and lower their bleeding body parts into the water to attract shark.
Ya, it certainly may achieve the objective, but it's still stupid in my opinion, so I won't be doing any of that.
I used to do what you do. However, one can read all the 10Ks etc., examine the fundamentals of a company, the market etc., etc., ...however, when I see good companies having to compete against poorly run companies that fudge numbers, or are given advantages, and rewarded for their mismanagement, I don't stick around. With all the corruption I see in institutions, there is far too little integrity in the markets for me to want to do that. To each his own though.
These days, the only investment I make is in myself, and my commitment to preserve my purchasing power.
I'm using a strategy within a system that gives me zero financial risk exposure, and spins off nothing but pure profit in the form of weekly cash flow and free gold that I didn't have to dip into my own personal finances to acquire. The more cashflow & gold I want, the more I simply intensify my efforts using the system.
2Thick:
I think you might be overstating your case, or perhaps you might have irrational fears or just a very bad past experience.
The way I see it, if you insist on day trading or putting everything into 1 or 2 investments that you picked haphazardly or got into because your hairdresser gave you a "tip" and lose most or all of your money in this day and age, you've pretty much brought that on yourself - what with the knowledge and also reputable professional help available at everyone's fingertips these days.
But if you can educate yourself, think longterm, learn to manage risk, keep emotions in check, and buy 10, 30, 50 or 100 companies with mostly sound fundamentals and solid or promising products and services, there's no way you should lose all of your money. If you invest in 10 companies (much less 30, 50, or 100) and they all go under, you're either the unluckiest person on earth or you really, really suck at picking stocks.
People don't go broke from proper investing. They will no doubt have the odd losing year or 2 here and there, but they won't lose it all. People go broke day trading or otherwise being too active, being too egotistical or greedy, panicing, putting everything into one company that fails, buying into investment scams (almost always with independents outside of major broker dealers & that are too good to be true), or shorting companies that end up going to the moon.
Many people far smarter than I started with little or nothing and have become hundred millionaires, billionaires, multi-billionaires, even billionaires times 20 or more in a few cases - just from investing in mostly publicly traded companies. Many middle class people become millionaires or multimillionaires after 30-40 years of contributing the max to work plans and IRAs.
I started with $100k in a taxable account 20 years ago, have averaged 15%, have contributed hundreds of thousands more to it over the years, and have also been maxing out retirement plans during that time each year, averaging 12% on those. If you do the math I guess I'm doing ok.
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version