Best investment right now would be a G body car. It's only gonna increase
in value in the coming years. And a lot of fun in the meantime.
in value in the coming years. And a lot of fun in the meantime.
Who is going to invest in stocks?
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srercrcr said:
That means nothing. Ken Lay said that Enron was strong shortly before it went under. I will believe in Citigroup when I see more evidence. Also, if it was so profitable, then why did they just need to get more TARP funds? Another $30 Billion, wasn't it? I think he's just saying what he has to in order to keep people from pulling their deposits and the government to keep helping it.
Oh, and once again, you make another bigoted statement showing your elitism. Just because I deliver pizza while I am finishing my degree does not mean I know not about that which I speak. Stop being such an elitist prick and using my current situation to try and strengthen your won weak position. Your pointing out my job delivering pizza would be like me pointing out that Obama is black. It is irrelevant. Deal with the facts of my points and stop making prejudicial remarks about me and my socio-economic class.
Before you make any judgments about Citigroup's chances, rad this article about the level of risk they are exposed to due to derivatives.
http://news.yahoo.com/s/mcclatchy/20090309/pl_mcclatchy/3184724
You have an inferiority complex. I merely mentioned your avocation in comparison to your stock picking.
Clean it up.
Clean it up.
srercrcr said:
And you have a Messiah Complex.
Everyone needs someone to hate... for you Steve, it's white, Republican southerns. They are to blame for all your problems.
It's a shame that you judge people based on their race, state, or region. And on top of that, judging and demeaning someone based on their job? That's completely HYPOCRITICAL coming from a self proclaimed 'Inclusive Democrat'. But it's not surprising.
Tony_SS said:
Thanks Tony. That was my point, actually. Democrats can't see their own hypocrisy because they have been brainwashed into believing that theirs is the only way to see the world and everyone else is evil. Most tend to be elitists and look down on the very people they claim they wish to help. Well, I don't need the government to help me, nor do I want it to. I will make my life better with my own two hands and the mind God has given me. I don't need someone to steal money from those who have a better income than me and give it to me. It is not my money and I do not deserve it. All I ask from my government is to be left alone. Unfortunately, that is not what the Democratic party is about. Instead, they want to force everyone who does not agree with them to live by their ideology. They want to be able to tell everyone how and where to spend their money, what kind of car to drive, where to live, what kind of house they can build, what doctor they can see, what kind of toilet they can install, what kind of speech they can make and where they can say it, etc. That is not America, that is borderline totalitarianism. I want nothing to do with a government that needs to be that involved with my life.
there are a lot of stocks that are way down right now through no fault of their own. these are companys that were run well, doing good business but are just way down because of the overall economy. there are a lot of deals to be had right now, but dont expect much in the short term
SBCregal said:
Exactly, I am thinking long term. I plan on buying something for say $1.00 or so a share and put around $200 into it and see where it goes. HOPEFULLY in 2 years the stock goes up say, $20.00 a share or more. If it doesn't, no big deal. I can take the money to the casino and lose it just s quickly.
If you are going to try it, try to find companies with strong fundamentals and a low valuation. Just don't go buying the troubled companies that are in need of bailout funds because they are up during what is probably a Bear rally. I personally would do precious metals right now because the risk is lower and because of the instability in the world's major currencies. You can't lose all of your money. We are also printing money like mad men which will increase supply and reduce demand, thus lowering the value of currency in circulation. So goes the basic theory at least.
Now, if you want a real gamble, that's when you take $100 and gamble it on some GM stock. They could recover, they could go bankrupt. Who really knows? I just wouldn't make it a heavy position if I were going to invest. They need to have a workable business model and a salable product line that people want to buy. Right now, they have very few strong products and a weak reputation among consumers. If they change that, they could recover.
Now, if you want a real gamble, that's when you take $100 and gamble it on some GM stock. They could recover, they could go bankrupt. Who really knows? I just wouldn't make it a heavy position if I were going to invest. They need to have a workable business model and a salable product line that people want to buy. Right now, they have very few strong products and a weak reputation among consumers. If they change that, they could recover.
srercrcr said:
Also he says not to invest in single stocks but to invest in mutual funds. Baby step 6 here.
Should of put some money in citigroup. It went from 97 cents and is now up to $2.33......I was going to put $200 into it.
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