The Stock Market

Brother Bob · 08-17-2007, 07:10 PM

Well the market has been on a real roller coaster ride as of late. Not to worry. As a matter of fact, I transferred $35,000.00 into 4 funds that had taken a beating. The Govt. added liguidity and lowered one rate by 50 basis points. All good news for the savvy invester. The underlying fundamentals that is driving our economy, are still intact. The mortgage problems will be resolved soon and I expect the Dow to break 15,000 soon enough............ Did you know that $1,000.00 invested in Warren Buffets fund, Berkshire Hathoway, in 1957, is now worth $27,000,000? You folks in your twenties need to invest 10% of your pay, NOW! When you get to my age or older, you will have enough to live off of comfortably and won't have to worry about Social Security. The market has averaged around a 12% return, per year, since 1936. Diversify! Don't put all your eggs in one basket! Dollar cost average. Put your money in every payday. Plan for the future. Don't expect your neighbors to pay for your retirement. Think ahead.

ezearln · 08-17-2007, 07:21 PM

The Missus and I live off 2 guaranteed funded pensions, plus whatever we make on the side. additionally when I get to creaking joint age I can draw whatever S.S. remains to me so I am not particurlary worried about it!

Triggerjerk · 08-17-2007, 07:47 PM

My wife has all the money. I hope that when I reach 62 she doesn't trade me in for two 31's!

Brother Bob · 08-17-2007, 07:57 PM

Quote:

Originally Posted by Triggerjerk

My wife has all the money. I hope that when I reach 62 she doesn't trade me in for two 31's!

Yeah, my wife gets my paycheck and hers. Trying to buy a firearm around here can be tough sailing. I've been known to beg.........

Oxford · 08-17-2007, 08:20 PM

Brother Bob...You were right on dead center with your comments and financial advice.

A couple more points...

Pay yourself first with whatever income you get.

Get in the habit of saving, no matter how small the amount.

Triggerjerk · 08-17-2007, 08:32 PM

I started a mid-life career change as a financial planner wanna be. It is amazing how people do not want to face the reality of such simple measures as having an emergency fund and the correct insurance coverage. They want snowmobile vacations. It's better to sell entertainment than financial products. I switched to propety and casualty insurance (home and auto) because people need them. I do not have to try to sell them on it.

My advice to anybody that is interested in personal finance is to go to a used book web site and get a personal financial planning textbook such as colleges use. McGraw-Hill and other text book publishers are what you want. It has to be PERSONAL finance, not financial management. These books are easy to understand, and they do not have an agenda, like many of the books in book stores. I use abebooks. Try Mcgraw-Hill or Prentice Hall for publishers. This is good stuff cheap. You can read up on subjects that you need, like insurance, and if you do not want common stocks, skip that and go to mutual funds. They're thick books, but simple stuff. Don't be intimidated.

Dookiebutt · 08-17-2007, 08:44 PM

I am no stock guru, but I have made over 30% off of my money this year in a discount brokerage account. I have other more secure investments, but I see the current market as an opportunity. Watch for many of the mortgage stocks to make up what they lost in the next year. Some of the tech IPOs were very appealling too.

ruger22com · 08-20-2007, 04:22 PM

I have always done well in the market...in the long haul anyway....but what scares the living crap out of me? that you can now get CD's that pay much higher rates for 9 months than 3-5 years....that is NEVER a good sign. Combine that with the fact that the market always turns to crap in october (and recovers in january)...and things are about to get real ugly.

cubbieman · 08-21-2007, 12:22 AM

Quote:

Originally Posted by ruger22com

the market always turns to crap in october (and recovers in january)

that could be good to know

08-17-2007, 07:10 PM	#1
Brother Bob The Mayor Join Date: Jul 2007 Location: Olive Branch, MS. Posts: 2,670 Blog Entries: 3	The Stock Market Well the market has been on a real roller coaster ride as of late. Not to worry. As a matter of fact, I transferred $35,000.00 into 4 funds that had taken a beating. The Govt. added liguidity and lowered one rate by 50 basis points. All good news for the savvy invester. The underlying fundamentals that is driving our economy, are still intact. The mortgage problems will be resolved soon and I expect the Dow to break 15,000 soon enough............ Did you know that $1,000.00 invested in Warren Buffets fund, Berkshire Hathoway, in 1957, is now worth $27,000,000? You folks in your twenties need to invest 10% of your pay, NOW! When you get to my age or older, you will have enough to live off of comfortably and won't have to worry about Social Security. The market has averaged around a 12% return, per year, since 1936. Diversify! Don't put all your eggs in one basket! Dollar cost average. Put your money in every payday. Plan for the future. Don't expect your neighbors to pay for your retirement. Think ahead.

08-17-2007, 07:21 PM	#2
ezearln Senior Member Join Date: May 2007 Location: Texas Hill Country Posts: 3,175	The Missus and I live off 2 guaranteed funded pensions, plus whatever we make on the side. additionally when I get to creaking joint age I can draw whatever S.S. remains to me so I am not particurlary worried about it! __________________ "You can have my Freedom when I'm done with it!"

08-17-2007, 07:47 PM	#3
Triggerjerk Senior Member Join Date: Jul 2007 Location: New Hampshire Posts: 978	My wife has all the money. I hope that when I reach 62 she doesn't trade me in for two 31's! __________________ We old dogs can learn new tricks. We just may not like performng them. TJ

08-17-2007, 08:20 PM	#5
Oxford Super Moderator Join Date: Mar 2002 Location: Gladstone, Missouri Posts: 13,022 Blog Entries: 4	Brother Bob...You were right on dead center with your comments and financial advice. A couple more points... Pay yourself first with whatever income you get. Get in the habit of saving, no matter how small the amount. __________________ "If it's worth doing, it's worth doing right".

08-17-2007, 08:32 PM	#6
Triggerjerk Senior Member Join Date: Jul 2007 Location: New Hampshire Posts: 978	I started a mid-life career change as a financial planner wanna be. It is amazing how people do not want to face the reality of such simple measures as having an emergency fund and the correct insurance coverage. They want snowmobile vacations. It's better to sell entertainment than financial products. I switched to propety and casualty insurance (home and auto) because people need them. I do not have to try to sell them on it. My advice to anybody that is interested in personal finance is to go to a used book web site and get a personal financial planning textbook such as colleges use. McGraw-Hill and other text book publishers are what you want. It has to be PERSONAL finance, not financial management. These books are easy to understand, and they do not have an agenda, like many of the books in book stores. I use abebooks. Try Mcgraw-Hill or Prentice Hall for publishers. This is good stuff cheap. You can read up on subjects that you need, like insurance, and if you do not want common stocks, skip that and go to mutual funds. They're thick books, but simple stuff. Don't be intimidated. __________________ We old dogs can learn new tricks. We just may not like performng them. TJ

08-17-2007, 08:44 PM	#7
Dookiebutt Senior Member Join Date: Feb 2005 Location: America's North Coast Posts: 1,157	I am no stock guru, but I have made over 30% off of my money this year in a discount brokerage account. I have other more secure investments, but I see the current market as an opportunity. Watch for many of the mortgage stocks to make up what they lost in the next year. Some of the tech IPOs were very appealling too.

08-20-2007, 04:22 PM	#8
ruger22com Senior Member Join Date: Apr 2004 Location: Mobile Alabama Posts: 723	I have always done well in the market...in the long haul anyway....but what scares the living crap out of me? that you can now get CD's that pay much higher rates for 9 months than 3-5 years....that is NEVER a good sign. Combine that with the fact that the market always turns to crap in october (and recovers in january)...and things are about to get real ugly. __________________ www.CheapGunParts.com http://ruger22.com/art/banners/tiny.gif Home of the "YELLOW JACKET" Bolt Buffer and Takedown Bolts! Free Shipping & Lifetime Warranty!