MikesVikes Posted March 13, 2009 Share Posted March 13, 2009 The fact is that most people that invest in the market tend to lose money. The market goes down, they get a little shy and shift out of stocks. Market goes up and they get a little excited about it and move into stocks at a higher point. I have seen 0% support about investing in stocks right now but I think it's a good time. There's no law that says you have to ride the market into the ground and if you don't do so, you are doing it wrong. Why would you want to lose money when you know that is exactly what you are going to do? You don't have to know where the bottom is you start investing again. Just put a few shares back at some low points along the way here and there. I always put new money (contributions) into the market regardless of price. I never change those allocations. Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted March 13, 2009 Author Share Posted March 13, 2009 A guy on Morning Joe today said a couple of hundred whenever you can in the market right now (he mention mutal funds) will pay big 10-15 years from now. Quote Link to comment Share on other sites More sharing options...
TimC Posted March 13, 2009 Share Posted March 13, 2009 Doesn't anyone watch Jon Stewart interviewing Jim Cramer and realize the big players manipulate the market for their own gain and the little guy doesn't stand a chance? CNBC should be showing a craps table where only the guy rolling the dice tells you what he rolled. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted March 13, 2009 Share Posted March 13, 2009 Doesn't anyone watch Jon Stewart interviewing Jim Cramer and realize the big players manipulate the market for their own gain and the little guy doesn't stand a chance? CNBC should be showing a craps table where only the guy rolling the dice tells you what he rolled. this happens in every facet of life. so what do we do? gotta get in to win!!! Quote Link to comment Share on other sites More sharing options...
TimC Posted March 13, 2009 Share Posted March 13, 2009 (edited) this happens in every facet of life. so what do we do? gotta get in to win!!! Add to the fact that the Federal Government and the Federal Reserve are working very, very, very, very hard to make your money worth 50% of what it was every 10 years or so (thanks to the Ponzi schemes of trying to keep Social Security and such afloat) and you wonder why you save at all. First, you have to beat the crooked market, then you have to beat your own Government to come out ahead nowadays. Tough thing to do. Isn't throwing your own feces at the wall and hoping it sticks more productive than battling the forces aligned against you? Edited March 13, 2009 by TimC Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted March 13, 2009 Author Share Posted March 13, 2009 Add to the fact that the Federal Government and the Federal Reserve are working very, very, very, very hard to make your money worth 50% of what it was every 10 years or so (thanks to the Ponzi schemes of trying to keep Social Security and such afloat) and you wonder why you save at all. First, you have to beat the crooked market, then you have to beat your own Government to come out ahead nowadays. Tough thing to do. Isn't throwing your own feces at the wall and hoping it sticks more productive than battling the forces aligned against you? Hmm Social Security as a Ponzi Scheme? Given my limited knowlege, there DOES seem to be parallels... Quote Link to comment Share on other sites More sharing options...
Avernus Posted March 13, 2009 Share Posted March 13, 2009 Add to the fact that the Federal Government and the Federal Reserve are working very, very, very, very hard to make your money worth 50% of what it was every 10 years or so (thanks to the Ponzi schemes of trying to keep Social Security and such afloat) and you wonder why you save at all. First, you have to beat the crooked market, then you have to beat your own Government to come out ahead nowadays. Tough thing to do. Isn't throwing your own feces at the wall and hoping it sticks more productive than battling the forces aligned against you? this might be one of the few times that I agree with TimC Quote Link to comment Share on other sites More sharing options...
TimC Posted March 13, 2009 Share Posted March 13, 2009 Hmm Social Security as a Ponzi Scheme? Given my limited knowlege, there DOES seem to be parallels... It's a combination Ponzi scheme and lottery. The Government is gambling you don't live long enough to see a penny of it. If you happen to score the right DNA, congratulations!! Otherwise, it sucks to be you after being forced to pay into your whole life. Of course, the scheme Roosevelt created never envisioned nearly everyone living past 55 years old nowadays. Quote Link to comment Share on other sites More sharing options...
Avernus Posted March 13, 2009 Share Posted March 13, 2009 (edited) It's a combination Ponzi scheme and lottery. The Government is gambling you don't live long enough to see a penny of it. If you happen to score the right DNA, congratulations!! Otherwise, it sucks to be you after being forced to pay into your whole life. Of course, the scheme Roosevelt created never envisioned nearly everyone living past 55 years old nowadays. exactly, we're playing a game of monopoly when someone else owns the entire game.... I don't even own the house that I live in....even though my name is on the Mortgage..... Edited March 13, 2009 by Avernus Quote Link to comment Share on other sites More sharing options...
westvirginia Posted March 13, 2009 Share Posted March 13, 2009 Hmm Social Security as a Ponzi Scheme? Given my limited knowlege, there DOES seem to be parallels... It absolutely is. I get a kick out of the news salivating over Madoff being this terrible criminal and "creator of the biggest ponzi scheme in history". They need to look at FDR and stick his ass with that label. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted March 13, 2009 Share Posted March 13, 2009 It absolutely is. I get a kick out of the news salivating over Madoff being this terrible criminal and "creator of the biggest ponzi scheme in history". They need to look at FDR and stick his ass with that label. No it isn't. It simply needs some changes made and it will work pretty much forever. Furthermore, the amount we pay in bi-weekly would drop too. I've reiterated those changes several times here. Quote Link to comment Share on other sites More sharing options...
MikesVikes Posted March 13, 2009 Share Posted March 13, 2009 Doesn't anyone watch Jon Stewart interviewing Jim Cramer and realize the big players manipulate the market for their own gain and the little guy doesn't stand a chance? CNBC should be showing a craps table where only the guy rolling the dice tells you what he rolled. There's a whole lot of little guys with 401k money waiting to put it back in the market. There's a whole bunch of mutual fund advisors with a ****load of dough waiting to happen. Quote Link to comment Share on other sites More sharing options...
westvirginia Posted March 13, 2009 Share Posted March 13, 2009 No it isn't. It simply needs some changes made and it will work pretty much forever. Furthermore, the amount we pay in bi-weekly would drop too. I've reiterated those changes several times here. Your changes would take it from being a ponzi scheme (which it IS now - people on the bottom of the pyramid supporting those on the top) to a welfare program. That would make a paradigm shift in the whole thing and then it wouldn't be a ponzi scheme. I disagree with that in principle - those who make good decisions will be forced to pay for those who didn't, just like the current housing bailout scheme - but that's a matter of political difference of opinion. The fact of the matter is that it's currently structured as a pyramid/ponzi scheme. Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted March 16, 2009 Author Share Posted March 16, 2009 Extends to a second week! I'm REALLY I didn't buy Citi when it was .97 a share now! Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted March 16, 2009 Share Posted March 16, 2009 Personal Rate of Return from 01/01/2009 to 03/13/2009 is -12.4% Quote Link to comment Share on other sites More sharing options...
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