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Not trying to catch a falling knife!

mogley98
I got dry powder but I'm sitting on the sidelines, I don't have time to put it back unless it came back in less than a year or so. Not looking good right now but who knows.
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Comments

12 comments

Date Votes
  • select-fire
    Down close to 5% on opening. Foreign markets taking a cold water bath
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  • mogley98
    Dow was down 1888 got pushed back to 1400's someone is definitely brave :)
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  • Sperry
    Burned for years, I'm now very conservative. Happy with retaining my nickels and dimes. While everyone else was gloating over 15%-30% gains, I've been happy with a steady 6% ...
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  • mogley98
    Sperry said:
    Burned for years, I'm now very conservative. Happy with retaining my nickels and dimes. While everyone else was gloating over 15%-30% gains, I've been happy with a steady 6% ...

    Where do you get a safe 6%
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  • select-fire
    mogley98 said:
    Sperry said:
    Burned for years, I'm now very conservative. Happy with retaining my nickels and dimes. While everyone else was gloating over 15%-30% gains, I've been happy with a steady 6% ...

    Where do you get a safe 6%
    I got out of stock market after 2008 fiasco. Purchased property. Rental property has been over 13% every yr. sometimes more. Purchase properties for repair and flip 30% up. Sure I pay capital gains but who cares making money. You always hear folks say..hey you have to pay taxes on the lottery if you hit it. So what ?? Now the rental properties have appreciated since then and sure I will pay some capital gains..   I ran my own destiny of the end gain to retirement. Hard assets not ink on paper.

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  • Henry0Reilly
    I had never heard that term but I did try it. I thought GE had dropped as much as it was going to. :(
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  • serf
    mogley98 said:
    Sperry said:
    Burned for years, I'm now very conservative. Happy with retaining my nickels and dimes. While everyone else was gloating over 15%-30% gains, I've been happy with a steady 6% ...

    Where do you get a safe 6%
      Gold is the only thing  I know of.
                      serf

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  • Ricci.Wright
    HAHAHAHAHA The return on gold isn't the best is it????


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  • select-fire
    serf said:
    mogley98 said:
    Sperry said:
    Burned for years, I'm now very conservative. Happy with retaining my nickels and dimes. While everyone else was gloating over 15%-30% gains, I've been happy with a steady 6% ...

    Where do you get a safe 6%
      Gold is the only thing  I know of.
                      serf

    History could repeat itself with a simple executive order..


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  • austin20

    mogley, it is so crazy right now. Friday the 28th I bought Kimberly Clark and Bristol Myers Squibb. One is up about 7% since then, the other is down about 4%.

    I bet you can guess which one I bought more shares of.

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  • select-fire
    Dire situation. Japan and other countries want us to bail them out and we cannot barely save our own economy. First time in history London would not buy our 30 yr bonds that are under 1%.  10 yr bonds are at .50%. Dire situation. This will have an effect for a long time.
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  • serf
     Ever ice skated on a pond and heard the ice crack? It's the chase that matters not the price you pay? Let's bet the farm, with our
      Sovereign rights you say?We have already.

             WIN REAL MONEY AT SLOTS

     
    Jackson said that instead, the government should shower its favors — as heaven does its rain — on the high and low alike, on the rich and the poor equally.

    Jackson’s veto of the bank bill may have cost him votes among the wealthy, but it earned him votes among the common people, like farmers and laborers. He easily won re-election in November of 1832.



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