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you know when ever gold flips and goes higher then even before everyone will be quoting your posts.... ESPECIALLY THE "AS PREDICTED" part. Hope you can predict better then bill gross, meridith whitney and nourial rubini. on ray lucias show today they were reading the predictions of all them in late december 2008 for what was to be in 2009. had you followed the advice of anyone of them you would have shot yourself in the foot. bill gross predicted and i quote "single digit stock gains for years to come" and corporate bonds were the place to be... gee maybe he should have changed the wording to single digit gains for weeks to come because equities are up over 110%........ i was actually laughing listening to all their their predictions and how things actually turned out because they were so wrong.
Last edited by mathjak107; 01-27-2011 at 04:10 PM..
you know when ever gold flips and goes higher then even before everyone will be quoting your posts.... ESPECIALLY THE "AS PREDICTED" part. Hope you can predict better then bill gross, meridith whitney and nourial rubini. on ray lucias show today they were reading the predictions of all them in late december 2008 for what was to be in 2009. had you followed the advice of anyone of them you would have shot yourself in the foot. bill gross predicted and i quote "single digit stock gains for years to come" and corporate bonds were the place to be... gee maybe he should have changed the wording to single digit gains for weeks to come because equities are up over 110%........ i was actually laughing listening to all their their predictions and how things actually turned out because they were so wrong.
That is why I consider those pundits to be entertainment value only. I don't take any of the that "noise" seriously and stick to my investment program. It is interesting to listen to how seriously they take themselves as they make the case for their position. At least Cramer puts on a more exciting show and can be rather fun to watch at times. But make an investment decision based on what he says? Not in this lifetime.
That is why I consider those pundits to be entertainment value only. I don't take any of the that "noise" seriously and stick to my investment program. It is interesting to listen to how seriously they take themselves as they make the case for their position. At least Cramer puts on a more exciting show and can be rather fun to watch at times. But make an investment decision based on what he says? Not in this lifetime.
every financial calamity has its soothsayers that predicted right but then everyone forgets the predictions they all had that would have hurt you if you followed them.
bill gross is very smart but he has no better insight into the future then you or i .. in fact all of the above i mentioned are brilliant financial minds but you would have lost out on the biggest run up in a two year period in history if you followed their next predictions. the last two years were far far better then even the indexes reflect .
i heard a study the other day that from the low of 2008 the most recommended stocks by analysts went up an average of 169% . the most panned and negative outlook stocks by analysts went up an average of 313%
Monday and Tuesday alone, profits I cashed out stands at $1100 , considering that I'm still poor and am not placing massive bets as in tens of thousands.
Again, which markets are turning down
If only I can do this every day, I'll be a fat cat in 365 days.
... gee maybe he should have changed the wording to single digit gains for weeks to come because equities are up over 110%........
They are up from where they bottomed, but for the last decade they have done rather poorly. The gain you mentioned is only relevant to someone that perfectly timed the market.
Predicting long term weakness in equities is not the same as predicting flat equities month to month.
BULL!..... i never time the market. i sit year after year with the market index fund,the gold , bonds and cash and just rebalance...... been doing it since 1987........ even this decade was up over 9% .......
my other portfolio which is a more actively managed is up nicely on the decade too using nothing special fidelity funds ,no market timing . just some minor fund switches now and then as needed but nothing that would influence the outcome drastically if right or wrong. ..... there are lots of people who rebalanced , or bought more of what fell and also broke new highs. if you did nothing and just sat for the decade waiting for a bounce back your still maybe a little under but if you had a plan and a strategy that included rebalancing you most likely made new highs already.
in fact you can go right to the fidelity insight newsletter website to see how things did., been following them too since 1987 or you can go to fideliy monitors website and see howtheir models did. in any case just staying the course and rebalancing made it all work. these are nothing special mixes of funds at best but they work within a strategy nicely. PROBLEM IS MOST SMALL INVESTORS HAVE NO STRATEGY.
they think just flinging money in a stock fund is an investment plan.
Last edited by mathjak107; 02-01-2011 at 12:11 PM..
BULL!..... i never time the market. i sit year after year with the market index fund,the gold , bonds and cash and just rebalance...... been doing it since 1987........ even this decade was up over 9% .......
my other portfolio which is a more actively managed is up nicely on the decade too using nothing special fidelity funds ,no market timing . just some minor fund switches now and then as needed but nothing that would influence the outcome drastically if right or wrong. ..... there are lots of people who rebalanced , or bought more of what fell and also broke new highs. if you did nothing and just sat for the decade waiting for a bounce back your still maybe a little under but if you had a plan and a strategy that included rebalancing you most likely made new highs already.
in fact you can go right to the fidelity insight newsletter website to see how things did., been following them too since 1987 or you can go to fideliy monitors website and see howtheir models did. in any case just staying the course and rebalancing made it all work. these are nothing special mixes of funds at best but they work within a strategy nicely. PROBLEM IS MOST SMALL INVESTORS HAVE NO STRATEGY.
they think just flinging money in a stock fund is an investment plan.
Man I'm slowly becoming your fan
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, considering that I'm still poor and am not placing massive bets as in tens of thousands.
