Is now the time to invest?

[bellyputter]

well of course he did belly...arent all your family members millionaires???

I was trying to make a point, you dumb motherfucker!

 

[whalewager]

well I touched my first nerve this am...going to burn some shit in the back yard

 

[jwblue]

My father died a wealthy man, and he never purchased a single stock or mutual fund in his life.

Some people swear against investing in the stock market. But how can they argue the evidence that the stock market has goes up over the long term?

 

[TomGshotput]

it's always a good time to invest

the important question is what to invest in

 

[TomGshotput]

No!

Although the markets may rally short term, the actual economy will not see the benefits of the stimulus package until years from now and in the near term companies will continue the layoffs in large numbers and fail as well, which will send the market lower long term.

you really think now is the time we should just be spending all the money we have?

 

[OccamsRazor]

I own 17 properties and 13 of them are currently negative cashflow. I won't go into too many specifics but I have five figure monthly negative cashflow that has all but eliminated my cash reserve.

I will share a few details in the hopes that it helps someone else at some point.

Here, in essence is my problem.

Go back a couple of years and I purchase property A for $500,000 and put 20% down so I have a mortgage of $400,000 and a monthly payment of $3200. The rents coming in are only $2500 but I don't mind because a year from now it will have appreciated $100,000 and I can afford the monthly loss due my large income ( that no longer exists) and cash reserves (that also no longer exist).

Now add a vacancy here, a couple of dead beat tenants there and a burst hot water heater or two and this place is costing me a $1000 a month to own. I can't sell the building because its only worth $350,000 now (the market in down 30% in 4 years) and I don't have the cash to bring to closing. I can't walk away from the property in foreclosure or a short sale because I am $100,000 in cash into it and as a real estate investor/developer my credit is my livelihood and so I continue to pay the $1000 a month until the market comes back and its worth $500,000 at which point I sell and be happy I got money back.

OK now times 13.

Such is life.

I went from retiring at 42 to being broke in just under 5.5 years.

Call my friend: Arzen Pirromaniak all your problems will be solved. "Gotta a light?"
:smoker2::smoking:!~~~!

 

[FairWarning]

Like I said, only Obama moves numbers.

Dow at 7150.

 

[FairWarning]

7114, down 250+. Ouch.

 

[Betallsports]

7114, down 250+. Ouch.

FW, You were right on the Money. When you said it will go to 7000, before it ever goes to 10K.

 

[doomsdaycult9]

No!

Although the markets may rally short term, the actual economy will not see the benefits of the stimulus package until years from now and in the near term companies will continue the layoffs in large numbers and fail as well, which will send the market lower long term.

I agree with you sir!

I wonder why people always ask these questions! Its as though they think they will go to bed and wake up tomorrow and the market will be at 10k just like that...


People, the market is a long term investment, not a 90 minute engagement like a football game.

Wanna know when to get back in? how about just looking around your neighboorhood? When that shut down applebees opens again, or the corner mart is reopened, when the FOR SALE signs come off neighborhood lawns, when your new cell phones start costing 300% higher, shit, when new laptops are back to selling for 1500 a pop, when at least two new local banks open in your neighborhood (and they will)

then you can jump back in! The market is not rocket science..


(BTW...the market is going to sink all the way to 5k or even less bro, stop kidding yourself that the worst has gone by.)

 

[doomsdaycult9]

you can control 100oz of gold for $6000 in the futures market...

if you purchase 100oz of gold, it will cost you over $90,000..

you will make or lose the same amount..

had you rather invest $6000 or $90,000?

SSI

I have a stupid monex account i wanna close out and buy futures, can you recommend one outside of the USA?

i have tried before to get into one over here and they ask me ridiculous questions. I cant believe its easier to lose 100k on the black jack tables in the USA than to open a futures trading account!

For christsake, these morons were asking me 200 plus one questions about my income way back when banks were handing out loans to fookin bums to buy houses!

And some moron wont let me lose my own money betting futures!!! Freakin ridiculous.

 

[TheFalls]

I agree with you sir!

I wonder why people always ask these questions! Its as though they think they will go to bed and wake up tomorrow and the market will be at 10k just like that...


People, the market is a long term investment, not a 90 minute engagement like a football game.

Wanna know when to get back in? how about just looking around your neighboorhood? When that shut down applebees opens again, or the corner mart is reopened, when the FOR SALE signs come off neighborhood lawns, when your new cell phones start costing 300% higher, shit, when new laptops are back to selling for 1500 a pop, when at least two new local banks open in your neighborhood (and they will)

then you can jump back in! The market is not rocket science..


(BTW...the market is going to sink all the way to 5k or even less bro, stop kidding yourself that the worst has gone by.)

-if you wait for all those things to come true before you get back in, you are too late.
-I do agree on the down and down for the 7K Dow. 5K not probable in my opinion. Mkt will go back up when inflation kicks in.

 

[FairWarning]

FW, You were right on the Money. When you said it will go to 7000, before it ever goes to 10K.

Seriously, whats not stopping it from 6500? Blue chip stocks such as Citibank or the automakers, please. The rules have changed.

 

[doomsdaycult9]

-if you wait for all those things to come true before you get back in, you are too late.
-I do agree on the down and down for the 7K Dow. 5K not probable in my opinion. Mkt will go back up when inflation kicks in.

This is a false notion!

The market rises gradually. If you keep your eyes on simple economic indicators (industrial production, shipping numbers, retail sales, etc , you will see the inevitable rise) The market will not rise back up like a rocket.

It will climb back slowly, and you will know it is time to get in. The market didnt shoot to its previous highs in a day, a week or even months, it took years people. Years.



I sure do hope 5k is not in our future. However when i look at the most recent retail sales released just today, i fear that I could be right..

(BTW, dont let that Bernanke hot air talk from today fool ya. The market may be up today, it will be back down by the end of the week)

Folks we are in this mess for a longer while!