Stock Market Sell Off

Dr.Pecker

Dr.Pecker

Well-Known Member
401k always seemed like a scam to me so I never invested. You don't get something for nothing.
Magic Mike said:
Yeah I did not specify, one needs to make sure they are buying down principle. When you pay down a loan be sure any extra payment goes 100% to principle. It staggers the loan in an incredible way that pays off and saves an incredible amount of interest because there is less there to charge interest on, and also less time to charge interest. Both of those things start working together and save a lot of money. Also the principle buy down goes straight to equity so that gets allotted to real estate gains.
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I paid my loan off two years early and still got charged the full interest from my bank. I hear people say that all the time pay it down so you don't have as much interest. It didn't make any difference for me.
 
Balzac89

Balzac89

Undercover Mod
GrowerGoneWild said:
I like having physical assets too however sliver has not been a wise choice in the last few years. 14-15 seems like a reasonable point of where silver would be stable.

however I bought into silver when it was in the 30's.. so it sucked to see me loose half my money that way.
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You didn't lose anything if you didn't sell.

The difference between silver and stock is silver will never be worthless.

Silver won't go bankrupt and is always in demand.

I bought silver all the way up to 35ish (should have stopped sooner in retrospect) and then all the way down to 15.
 
Balzac89

Balzac89

Undercover Mod
Unclebaldrick said:
Nah dude. Dont buy until 11. Even then I am not too bullish. Funny. I sold the remainder of mine around $40. It was just a handful of pocket change but I got a ridiculous amount of money for it. But now I have to go get more - the tooth fairy always pays in silver.
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I don't know about eleven maybe 13, But id love to see 11 or even 10
 
lahadaextranjera

lahadaextranjera

Well-Known Member
Balzac89 said:
I don't know about eleven maybe 13, But id love to see 11 or even 10
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Let's look at the support levels. It will drop. You could always trade between the ranges of support and resistance level with marketing tools like market sell etc. add slight leverage such as 3:1 and you can trade quickly and with minimal risk. Leverage ETC's are 2:1.
 
GrowerGoneWild

GrowerGoneWild

Well-Known Member
Balzac89 said:
You didn't lose anything if you didn't sell.
The difference between silver and stock is silver will never be worthless.
Silver won't go bankrupt and is always in demand.
I bought silver all the way up to 35ish (should have stopped sooner in retrospect) and then all the way down to 15.
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You're right I haven't sold. However if you were look at all my investments and were to liquidate today. Its clearly a loss. But how long do you have to sit on the metal again to break even or get a return?..

Its true there is something satisfying having silver or metals as an asset.. but the return for a buyer of metals in the last year is clearly in the negative. If you're looking to store value, I guess metals would be ok. I would consider the canadian 5dollar silver coins if I was going to invest in silver again, at the very least you have fiat currency close to the USD if silver ever goes below 4.

In a way time is money, stocks have proven to me anyways to make the most money in relatively little time. Established companies dont exactly disappear overnight, you think google is going anywhere soon?..
 
Balzac89

Balzac89

Undercover Mod
GrowerGoneWild said:
You're right I haven't sold. However if you were look at all my investments and were to liquidate today. Its clearly a loss. But how long do you have to sit on the metal again to break even or get a return?..

Its true there is something satisfying having silver or metals as an asset.. but the return for a buyer of metals in the last year is clearly in the negative. If you're looking to store value, I guess metals would be ok. I would consider the canadian 5dollar silver coins if I was going to invest in silver again, at the very least you have fiat currency close to the USD if silver ever goes below 4.

In a way time is money, stocks have proven to me anyways to make the most money in relatively little time. Established companies dont exactly disappear overnight, you think google is going anywhere soon?..
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Not necessarily. I think it's more about making an investment that the Gubermint can't stick their greasy fingers in.

Precious metals are my 401k.

If the market keeps going in the same direction how much value do you think Google will hold and how long do you think it will take to recover if what's on the horizon does come. What price point did you buy? How much would it have to drop before you decide to jump ship.
 
GrowerGoneWild

GrowerGoneWild

Well-Known Member
Balzac89 said:
Not necessarily. I think it's more about making an investment that the Gubermint can't stick their greasy fingers in.

Precious metals are my 401k.

If the market keeps going in the same direction how much value do you think Google will hold and how long do you think it will take to recover if what's on the horizon does come. What price point did you buy? How much would it have to drop before you decide to jump ship.
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Ah to each their own.. FWIW.. I bought into google prior to the split. @650, now its split and The class A and class C is trading around 586 and 600. In the same time frame my silver and gold has not returned anywhere close to that. Total speculation that google will devalue to the point of where I loose half, silver as of now has already done that.

Hah, I'll take a employer match 401K over buying silver stacks.

I hear ya on keeping the government outta your money, I have several methods to keep them outta my pockets.

Dont get me wrong, I like physical investments like metal.. etc.. But I dont put all my eggs in one basket..

Peace.
 
lahadaextranjera

lahadaextranjera

Well-Known Member
ttystikk

ttystikk

Well-Known Member
Silver and gold are both industrial commodities and their prices are suffering because of a worldwide economic downturn. This also explains why oil is cheaper than at anytime since the beginning of Desert Storm.

I've always preferred working assets to passive ones; owning real estate and leasing it or running a business there, as opposed to buying and holding commodities.
 
GrowerGoneWild

GrowerGoneWild

Well-Known Member
ttystikk said:
I've always preferred working assets to passive ones; owning real estate and leasing it or running a business there, as opposed to buying and holding commodities.
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Totally.. I'm in a corporation in where we did a lot of apartment rentals, those properties were sold, alot of sweat equity in those but the return was totally worth it. Im working on getting some land in Kona myself, its agri land, I wonder if I'll have enough privacy to do a little crop :)

I'm thinking about the commodities market.. so much manipulation, OPEC floods the market, China dumps gold.. etc
 
ttystikk

ttystikk

Well-Known Member
GrowerGoneWild said:
Totally.. I'm in a corporation in where we did a lot of apartment rentals, those properties were sold, alot of sweat equity in those but the return was totally worth it. Im working on getting some land in Kona myself, its agri land, I wonder if I'll have enough privacy to do a little crop :)

I'm thinking about the commodities market.. so much manipulation, OPEC floods the market, China dumps gold.. etc
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When I was a broker, I watched who used the markets and for what. After I learned just what a small fish I was, I stayed out.
 
GrowerGoneWild

GrowerGoneWild

Well-Known Member
Balzac89 said:
we'll see what tomorrow brings. Me thinks lamb to the slaughter

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Sure.. what a slaughter :)

Dow Jones Industrial Average 2 Minute
Dow Jones Indices: .DJI - Aug 26 1:54 PM ET
15,994.71 Up +328.27 (2.10%)


I did a little better than the DJA :)
$1390.14 (+2.84%)
Today's Gain/Loss**
 
dannyboy602

dannyboy602

Well-Known Member
Utterly and totally manipulated in favor of big banks and brokerage companies who create market conditions to favor themselves. Thats why ppl were so burned up about the bailout back in 09. And the huge bonuses that were paid out were salt on a gaping chest wound. I'm verklempt just thinking about it.
ttystikk said:
When I was a broker, I watched who used the markets and for what. After I learned just what a small fish I was, I stayed out.
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ttystikk

ttystikk

Well-Known Member
dannyboy602 said:
Utterly and totally manipulated in favor of big banks and brokerage companies who create market conditions to favor themselves. Thats why ppl were so burned up about the bailout back in 09. And the huge bonuses that were paid out were salt on a gaping chest wound. I'm verklempt just thinking about it.
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Oh yeah, and we have a 'justice' department intent on sitting on their hands until statutes of limitations run out.

A corrupt system? Sure looks like it to me!

Bernie Sanders in '16! ...or, just hand a blank check to the megacorps to do whatever the Fuck they want, needs of the people be damned.
 
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