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silver is at bottom

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Posted: #51
Quote Originally Posted by wallstreetcappers:

Well you have not been around this forum for 5 yrs, but I have and my comments are usually sharply to the conservative side and prudent in my approach.

I wont name a stock if I were not going to buy it myself. I have given many comments about stocks and the market, and about investing...but since you have not been around all that long you would not know this.

We have discussed many stocks, many concepts and many ideas about general investing..we have discussed options and had a very active Forex thread for several years. You are welcome to give input and insight here and anywhere on the site, this for sure is not my corner only nor does anyone need to fear asking a question. If the question is sincere and the poster is not intentionally trying to bait or provoke, I've usually been pretty good about giving my 2 cents quite often.

Good luck...

If you aren't investing in stocks or real estate. Where are you investing? 
 
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Posted: #52
just was put some SLV at $15, and just sold some more puts at $14 strike for August expiration. Going to start building a position here slow and steady dollar-cost averaging in and making income from selling the puts.
 
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Posted: #53
Quote Originally Posted by pederson16:

just was put some SLV at $15, and just sold some more puts at $14 strike for August expiration. Going to start building a position here slow and steady dollar-cost averaging in and making income from selling the puts.
 
Legend
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Posted: #54
Quote Originally Posted by MakeThatCasH:


If you aren't investing in stocks or real estate. Where are you investing? 
The way it works:  You suggest something and he will tell you why not to invest in it.  
 
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Posted: #55
Quote Originally Posted by Raiders22:

The way it works:  You suggest something and he will tell you why not to invest in it.  

Stay classy..

Better yet, recco something because the market says you must be invested at all times right?

 
Legend
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Posted: #56
Quote Originally Posted by wallstreetcappers:


Stay classy..

Better yet, recco something because the market says you must be invested at all times right?

Couldn't resist.  Just thought it was funny.  I know you never reccomend anything but he didn't. 
Sure. There is almost always somewhere to place a portion of your money.  For example, look what you have left on the table not being in stocks lately.  Or not shorting commodities. Or being on right side of US dollar lately.  And there is generally some decent real estate plays available. 
Certainly there are times to be in cash and bonds, especially as you age and have built up a nice nest egg. But if you haven't built one up and are not ready for a retirements --- then you should be investing. Not sitting on sidelines for years. 
 
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Posted: #57
Quote Originally Posted by Raiders22:

Couldn't resist.  Just thought it was funny.  I know you never reccomend anything but he didn't. 
Sure. There is almost always somewhere to place a portion of your money.  For example, look what you have left on the table not being in stocks lately.  Or not shorting commodities. Or being on right side of US dollar lately.  And there is generally some decent real estate plays available. 
Certainly there are times to be in cash and bonds, especially as you age and have built up a nice nest egg. But if you haven't built one up and are not ready for a retirements --- then you should be investing. Not sitting on sidelines for years. 

Right out of the newbie broker handbook, is that what you tell customers you are trying to sell some shoddy high yield bond fund?

Being heavy in the market as a general investment strategy is not prudent when fundamentals are telling you the opposite. I am not swayed by the FED forcing zero rates to chase people into the market..if you feel inclined then go ahead and take that risk. 

Currencies and shorting commodities, yeah that is steady smart investing right there...might as well tell me to bet on the Dodgers tonight with my investment account.

 
Legend
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Posted: #58
Quote Originally Posted by wallstreetcappers:


Right out of the newbie broker handbook, is that what you tell customers you are trying to sell some shoddy high yield bond fund?

Being heavy in the market as a general investment strategy is not prudent when fundamentals are telling you the opposite. I am not swayed by the FED forcing zero rates to chase people into the market..if you feel inclined then go ahead and take that risk. 

Currencies and shorting commodities, yeah that is steady smart investing right there...might as well tell me to bet on the Dodgers tonight with my investment account.

Not a broker and have never recommended bonds to anyone. But that is pretty standard or CDs or such as someone wants safer avenues before retirement or simply instead of cash.  The issue with sitting in case is inflation. Obviously the cash doesn't grow.  In people's minds it is safer under the mattress. But loses value over time. 
You do not have to be heavy in the market at any time. That's certainly not a great plan.  
But my point stands.  Look at what you have missed out on--while the fundamentals have pointed to staying in the bull market. 
It doesn't matter about FED as much as folks think---because investors are going to do something with their money. 
Smart doesn't have as much to do with it as people think either. It simply is what it is. A small amount of shorting commodities has been great for a time now. Currencies are ok as well when things point that way. 
My point is that there are many, many ways to invest and let your money grow for you. 
Again, as I said to the guy---recommend something and watch you say why NOT to invest in it. 
His question is still available for you to answer. What do you suggest he do with his money?
 
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Posted: #59
I think I will pass on your suggestions again. CD's at these rates are for suckers..why lockup your money for long time periods with zero liquidity for sucker interest rates?

Inflation..ok what kind of inflation are you seeing that I am not? There are pockets of inflation here and there and there are pockets of deflation, in general we have not experienced inflation in a very long time. That is a broker speak scare tactic, and no reason why you should either risk your assets being locked up (CD) or playing junk bond funds for a 5% return.

I will act like I didnt hear the rest of your reply trying to rationalize currency trading or shorting commodities as a real strategy for the common investor.

You tell the guy what you like, I dont know the guy nor am I going to suggest something when I dont have anything I like. If anything I might suggest dipping into high quality energy stocks..ones with a healthy balance sheet paying a reasonable dividend. The energy sector is down much more than the average sector in the market and if the market goes down in general I would expect energy to not do as bad and reverse sooner than the general market.

I think you should be careful what you suggest, your advice is thin on real detail of risks and for sure not for retirement funds.
 
Legend
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Posted: #60
CDs are for suckers?  Maybe; maybe not.  Holding cash as it depreciates can be for suckers. You don't have to lock it all up. As folks get older they want a guaranteed rate and small growth.  
What does it matter if the money is locked up if you never do anything but put it under your mattress?
Inflation is there year in and year out. The point is your dollar today is not usually going to be worth a dollar 10 years from now.  That is the point of trying to find good investments. Inflation is not a scare tactic---simply fact. 
Certainly commodities and currencies are not for the everyday investor. My point to you is if you don't want to buy stocks --- there are many, many other things to do with your money if you are an investor or wanting your money to work for you. 
The guy didn't ask me. He asked you.  I assume because of your name.  It just sounds like you might know something about investing.  Then he probably reads everywhere you telling folks why you never see anything at all as a good investment. 
For example, stocks are way, way up. 
I have been telling folks for years to get in the steady long term growth funds. Can you imagine what your mattress money would be now?
I really have no idea at all why someone that is interested in the markets and investing would never see anything good at all. That's what I would tell the guy.  It is easy and simple and works great over the long term. 
But he asked you---not me. 
And you say you aren't doing anything with your money but holding  onto it. 
Do you realize how that sounds?  I can understand for sure from time to time.  But all the time?  I have never seen you like any investment the folks in here talk about. 
And there isn't anything wrong with that.  I know a lot of people that are intimidated or don't understand the markets.  I have read your replies on lots of stuff here and that's not your reason for sure. So, with your moniker you have to see why it seems weird to never like any investment. 
I guess one of the main reasons I say all of this---j just wish there was more interaction on the investment forum is all. It would be nice to see it get more talk.  Lot of other investment forums are nice.  But it would be nice to have an active one here as well. 
This is almost like the compound interest discussion we had some time back?
 
Legend
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Posted: #61
Also. I am not referring to 'junk bond funds'. Huge difference. 
 
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Posted: #62
Raiders and Wall Street 
 
Captain
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Posted: #63
Wall, what if any is your opinion of China gaining reserve currency status?Is it all bull or will it happen?If so in October as predicted by some?

The powder you mention is cash I suppose US dollars? Are you not concerned in the least that the dollar is due for a crash?
 
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Posted: #64
Quote Originally Posted by Bluefin:

Wall, what if any is your opinion of China gaining reserve currency status?Is it all bull or will it happen?If so in October as predicted by some?

The powder you mention is cash I suppose US dollars? Are you not concerned in the least that the dollar is due for a crash?

I dont think China will get reserve status..how can the rest of the world give reserve status to a communist manipulated currency? It wont happen IMO..

Yeah powder means not holding many positions..the USD situation I also dont think will happen..if anything the USD will keep going up because it is perceived that the FED is closer to raising rates than any other central bank and that is bullish for the USD. I also think most other major currencies are in trouble except for the pound, and even it I think is a MAJOR bubble.

The Euro is a mess, the Aussie and CDN dollar are all tied to commodities and those are in the tank, and both real estate markets are HUGE bubbles..all bearish for the currencies. I think our economy is also a mess but less of a mess than any other including the GBP. I dont get why and how strong the pound is, I think it is going to get majorly hammered when their housing market cracks, and it will.

 
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Posted: #65
Last chance before silver takes off 
 
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Posted: #66
we have lift off
 
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Posted: #67
If silver drops below $10/single digits, you can imagine the premiums would be? My guess is it will be high and offset above double digits.
 
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Posted: #68
So this thread is 5 months old and what has changed since I last posted?

Did inflation suddenly come flying in and make gold/silver go up? 

No..

Did the stock market go up since July? No it is flat to down since then, nothing major in either direction.

Was it wise investing in CD's or HY funds? No...both are worse since then.

In fact I think I mentioned this somewhere, I literally forced my mother in law to pull all her money from a Fidelity high yield fund, some moronic staffer put her in it chasing yield because there is nothing better out there...so lets put her in a corporate high yield fund right?

Well since I had her swap out earlier this year, the same fund is down about 20%, so be careful hunting for yield and losing principal in the process.


 
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Posted: #69
Wallstreet, you into BitCoins?
 
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Posted: #70
No...

But if it works for you good luck, too many unknowns and flaws to make me feel comfortable with the platform and concept.
 
MVP
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Posted: #71
Wall st, I find your posts very interesting.  I like AA. 
bigFnPOO
 
MVP
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Posted: #72
i ask a serious question to you Wall st..  If i have 300k to play with for 3 months, jan,feb & march.   Do i do a 3mth jumbo cd or a 3mth treasury bond?i have no idea. must be very safe as 100 % is priority. thank you.
bigFnPOO
 
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Posted: #73
Quote Originally Posted by BIGfnPOO:

i ask a serious question to you Wall st..  If i have 300k to play with for 3 months, jan,feb & march.   Do i do a 3mth jumbo cd or a 3mth treasury bond?i have no idea. must be very safe as 100 % is priority. thank you.

Neither give you a return, why even bother?

3 month treasury paying .15% that does not mean for 3 months that means annualized..I'd imagine the something similar for CD rates.

I dont see the value in .15 yield minus taxes, you might as well just find some local bank that will offer you a money market for .5 and leave it there.
 
MVP
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Posted: #74
thanks wall st. i was perusing treasury direct site that gives you .21 for 13 weeks. im studying.  it is like buy the t-bill for 297,868 eg.and in 13 weeks its 300,000 for +2100....before taxes...  

also i had a interesting occurence, i have a stock NYNY that was at 4.00+ and had maybe 30 shares or so, they did a reverse 5-1 split, my stock was worth 4$,all of it..turned into 6 shares...then the next day my 6 shares went to 21$! so im at like 143$ for 6 shares..lol...maybe im in 600 total..  thank you brother. 
bigFnPOO
 
 
MVP
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Posted: #75
even alcoa is taking a huge dump,and my lvs is going south fast
bigFnPOO
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