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05-24-2010, 03:09 PM
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#261
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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 Quote:
Originally Posted by NW-Bound
Eh, do not jinx it!
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Just on the search for some buying opportunities. 
And ridiculing those who make ridiculous predictions. All good natured ribbing in the name of fun of course!
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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05-24-2010, 03:29 PM
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#262
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 291
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Escalating conflict in Korea is all gonna be in good fun too 
U.S. backs South Korea in punishing North - North Korea- msnbc.com
Never mind the fact that unemployment is going up and wages are declining...
All these unemployed young people are gonna be needed for WWIII
__________________
FIRED at 39 in 2008...
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05-24-2010, 03:30 PM
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#263
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Fuego, too bad you have not talked your SIL into playing this game of ours on Wall St. instead of that silly card game she got hooked on. It will teach her a bit of delayed gratification as, even with day trading, a trade usually takes longer than those few seconds to deal a hand. I can't see how she would lose more money that she already did. And margin loans do not carry as high an interest rate as what those loan sharks charged. And she would be home at night, as the market does not run 24 hrs.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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05-25-2010, 06:37 AM
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#264
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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__________________
I purr therefore I am.
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05-25-2010, 07:08 AM
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#265
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
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Quote:
Originally Posted by Steve O
Never mind the fact that unemployment is going up and wages are declining...
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Dude, you need a dedicated fact checker . . .
Quote:
Originally Posted by Steve O
All these unemployed young people are gonna be needed for WWIII
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And some serious antidepressants.
__________________
Retired early, traveling perpetually.
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05-25-2010, 07:44 AM
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#266
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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Quote:
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dogs and cats living together
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Yes, I've noticed a lot of this lately:
__________________
Al
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05-25-2010, 07:50 AM
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#267
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Dryer sheet wannabe
Join Date: May 2010
Posts: 15
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Quote:
Originally Posted by Purron
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Time to turn the TV off. Ouch, this is painful.
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05-25-2010, 08:16 AM
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#268
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Austin
Posts: 1,142
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Time to change the name of this thread
__________________
Start by admitting
from cradle to tomb
it isn't that long a stay.
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05-25-2010, 08:43 AM
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#269
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Quote:
Originally Posted by NW-Bound
Fuego, too bad you have not talked your SIL into playing this game of ours on Wall St. instead of that silly card game she got hooked on. It will teach her a bit of delayed gratification as, even with day trading, a trade usually takes longer than those few seconds to deal a hand. I can't see how she would lose more money that she already did. And margin loans do not carry as high an interest rate as what those loan sharks charged. And she would be home at night, as the market does not run 24 hrs.
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She has asked about investing in the stock market. Around 2007. And Google was her stock of choice. Back when it was over 700 per share. She would never do anything that crazy right now, like buy stocks at 40% cheaper prices. She might lose money that way.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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05-25-2010, 08:47 AM
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#270
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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Quote:
Originally Posted by FUEGO
She has asked about investing in the stock market. Around 2007. And Google was her stock of choice. Back when it was over 700 per share. She would never do anything that crazy right now, like buy stocks at 40% cheaper prices. She might lose money that way.
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I take if if you SIL would invest, she'd definitely be a market timer 
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05-25-2010, 08:57 AM
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#271
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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You sounded like all market timers are losers. 
Don't some win big and retire early? 
(I wasn't one, but then I am not smart.  )
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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05-25-2010, 08:58 AM
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#272
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Certainly. I suggested a broad index fund/ETF or mixed asset allocation fund at the time, and that was the last I heard of it. I don't think 8-10% returns per year over the course of decade(s) meets her investment objectives. And there is no element of gambling in the buy-and-hold strategy.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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05-25-2010, 09:00 AM
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#273
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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Yep, just like some poker players...
__________________
Numbers is hard
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05-25-2010, 09:04 AM
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#274
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Thinks s/he gets paid by the post
Join Date: Sep 2008
Posts: 2,171
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Quote:
Originally Posted by FUEGO
Well, we are down to four trading days left this month. Still a loooooong way to go to get to 8500. Maybe we will see a drop of 400 points a day for the remaining four days. It COULD happen... (snip) |
You had to say it, didn't you? 
Dow at 9845 as I write.
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05-25-2010, 09:05 AM
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#275
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
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Yep, just like some poker players...
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Of course somebody is collecting stacks of moola from Fuego's SIL.
It all comes down to this.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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05-25-2010, 09:06 AM
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#276
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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Quote:
Originally Posted by NW-Bound
You sounded like all market timers are losers.
Don't some win big and retire early?
(I wasn't one, but then I am not smart. ) |
Didn't imply all are losers. I'm sure some have "hit the big one" timing the market. But studies have shown that overall trying to time the market is a losing strategy.
http://www.investopedia.com/articles...ket_timing.asp
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05-25-2010, 09:08 AM
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#277
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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We are still 1345 points away from Stevie's projection. That's a drop of about 450 points a day over the next three days. It COULD happen...
In the meantime, this is a great buying opportunity. You guys still have plenty of dry powder, right?
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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05-25-2010, 09:51 AM
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#278
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Seattle-ish
Posts: 1,156
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With my ER starting Saturday, I am putting 100% of my last paychecks and severance into my 401(k). SO, I am hoping the market remains "down," or goes further down as I am buying. Only later, when I am selling to pay for future expenses, do I hope that the funds I am buying today are much highrer.
__________________
"What do I do? I do as little as I can, and mostly what I want." Festus Haggen
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05-25-2010, 09:57 AM
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#279
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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Quote:
Originally Posted by FUEGO
....
In the meantime, this is a great buying opportunity. You guys still have plenty of dry powder, right?
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Are those knife cuts on my hands?
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05-25-2010, 10:33 AM
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#280
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,130
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Quote:
Originally Posted by Birdie Num Nums
With my ER starting Saturday, I am putting 100% of my last paychecks and severance into my 401(k). SO, I am hoping the market remains "down," or goes further down as I am buying. Only later, when I am selling to pay for future expenses, do I hope that the funds I am buying today are much highrer.
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I don't understand how you can do that. I could only put 20% per paycheck up to a government mandated maximum. (~$25k).
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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