Does anyone have any amount in the stock market?

[Fishhead]

Only day trading on this end, no longterm held securities(thank goodness).

 

[trytrytry]

holding quite a bit index mutual funds mostly.. when the dow hit around 7400 I got in...we shall see...

 

[Fishhead]

holding quite a bit index mutual funds mostly.. when the dow hit around 7400 I got in...we shall see...

Futures down big right now............

 

[Fishhead]

My broker, ETRADE, is trading at 0.75...........GEEZUS

My bank, BANK OF AMERICA, is trading at 3.46...........GEEZUS

My cereal has risen 1.20 a box in the past 9 months..........HOLY GEEZUS


Did I mention NETELLER went down recently!?

 

[HinesWard86]

Let's just say that I was stupid enough to believe that Citi at $16 a share was a good buy.

 

[Fishhead]

Let's just say that I was stupid enough to believe that Citi at $16 a share was a good buy.

Sorry man.........

I thought Bank of America was a decent buy at 20, glad I didn't go long with that.

 

[C.P.]

Bought GE @ 31....went to 40+...

now it's @ 8 something....needless to say...I'm suckin' air right now...wtf

 

[HinesWard86]

Sorry man.........

I thought Bank of America was a decent buy at 20, glad I didn't go long with that.

Bought a lot of BOA at $4.77. Bought some JPMorganChase too. My whole thought process is that one of these banks is gonna come out of this mess very very strong.

 

[Betallsports]

Only Hold One, ConED

Their not going anywhere, and I pick up a few bucks each Quarter

 

[Fishhead]

Hines---not if the banks become nationalized.

 

[BAGIANT]

I inherited about 700,000 in municipal bonds and muni bond funds. 69,000 of that amount had some sort of insurance on it that had to pay me face value if the bonds were below face value when my Mom died.

I might have gotten this money at just the right time because when I liquidate these bonds, the stock market just might be right for making a large investment.

 

[HinesWard86]

Hines---not if the banks become nationalized.

Right. It looks as though some of them will make it though. JPMorganChase looks like it could become a monopoly.

 

[D2bets]

I inherited about 700,000 in municipal bonds and muni bond funds. 69,000 of that amount had some sort of insurance on it that had to pay me face value if the bonds were below face value when my Mom died.

I might have gotten this money at just the right time because when I liquidate these bonds, the stock market just might be right for making a large investment.

Is there actually a bad time to inherit 700 grand of anything?

 

[Fishhead]

Is there actually a bad time to inherit 700 grand of anything?

Yes, through inheritance taxes, one could actually lose money if the asset they inherited goes down 90% or more........which could happen in this depression.

.......and yes, we are in a DEPRESSION, not a RECESSION.

 

[trytrytry]

I was at a local mall yesterday in the Twin Cities..packed, people buying shopping, coffee shops and food courts were full....this is not a depression, in the depression people recycled everything, did without as they had no option, here we still drink bottled water! its like the recession we had in the early 80's not worse.

 

[D2bets]

Yes, through inheritance taxes, one could actually lose money if the asset they inherited goes down 90% or more........which could happen in this depression.

.......and yes, we are in a DEPRESSION, not a RECESSION.

Maybe if they live in Iowa, but most states do not have inheritance taxes. Estate taxes, on the other hand, can be valued as of 6 months after death if it helps....plenty of time to liquidate whatever is inherited and move into cash.

 

[D2bets]

I was at a local mall yesterday in the Twin Cities..packed, people buying shopping, coffee shops and food courts were full....this is not a depression, in the depression people recycled everything, did without as they had no option, here we still drink bottled water! its like the recession we had in the early 80's not worse.

It's worse than early 80's, but it's not 30's depression-style yet and I highly doubt it gets there.

 

[nhoj]

Maybe not after today blood bath.

 

[kidslick]

Hines---not if the banks become nationalized.

That will never happen FH

 

[newton0038]

<TABLE cellSpacing=0 cellPadding=0 width=368 border=0><TBODY><TR><TD class=grabotleftyel height=30>JNJ</TD><TD class=grabotleftyel>$ 48.37 Johnson&Johnson
</TD></TR></TBODY></TABLE>

<TABLE cellSpacing=0 cellPadding=0 width=368 border=0><TBODY><TR><TD class=grabotleftyel height=30>PG</TD><TD class=grabotleftyel>$ 47.32 Procter&Gamble
</TD></TR></TBODY></TABLE>

<TABLE cellSpacing=0 cellPadding=0 width=368 border=0><TBODY><TR><TD class=grabotleftyel height=30>WMT</TD><TD class=grabotleftyel>$ 48.28 Wal-mart </TD></TR></TBODY></TABLE>

<TABLE cellSpacing=0 cellPadding=0 width=368 border=0><TBODY><TR><TD class=grabotleftyel height=30>AAPL</TD><TD class=grabotleftyel>$ 88.66 Apple
</TD></TR></TBODY></TABLE>


These stocks are discounted by 50% or more, in the case of Apple, they were around $165 last spring. The consumer goods companys are blue chip and wally World peddles all of those companies goods.

If a man can weather the next few years with some ups and downs these companies will pay off. P&G is looking to sell of it's phamacutical biz and is currently looking for takers- will generate revenue to focus and grow core business.