06-08-2002, 02:11 AM
1. How did a tax refund have anything to do with an economy going down? It's basic economics. If people have more money in their pocket, they can only do two things with it: invest (which includes putting in the bank) or spend. Both things have a positive impact on the economy. Just because A happened and B followed, it doesn't mean that A causes B; that's basic logic.
2. This is a great time to buy stocks. The vast majority of stocks are highly discounted. If you're looking to make money in six months, you shouldn't be investing in the first place. Most of us here are under 30, and so for the most part you should be thinking of buying a solid company that you're going to hold for years to come.
3. The stuff that I bought the week after 9/11 (Lockheed Martin and Morgan Stanley) is up 35%. If you don't buy solid companies, no matter what conditions, you shouldn't expect any profit
4. In late '99 and early 2000, there were a so many people finally giving in and getting in the market. People who had no idea what the hell they were doing. But they saw everyone and their mother making a shit-ton on the market, and didn't want to miss out. That's why it was the perfect time to sell.
5. When everyone is buying no matter what, sell. When everyone thinks it's stupid to buy (like now) that's when you buy. I'm not saying the market is going to turn around in a week, a month, or even this year. It might still go down; it's impossible to predict, but when everyone I talk to says that I'm foolish to be buying, it's probably a good sign that the bottom is near. When everyone else is avoiding risk, that's the best time to take it.
6. If you do invest, expect realistic returns (historical yearly averages since 1930 are about 12%). If you get upset that you don't double your money every year, don't bother investing.
7. If you're say....25 and you invest $1,000 now and continue to do so every year until you are 60, you will have over $500,000. If you start at 18 instead of 25, you'll have over $1.2 million. Don't believe me? Do the math yourself.
8. Investing is nothing like gambling or the lotto, since chance has nothing to do with it.
9. If you people are that uniformed or scared about economics and investing you giant stupid-ass pussyfucks.
10. Arpi, that's how you explain something effectively
Edited By Galt on June 07 2002 at 11:43
2. This is a great time to buy stocks. The vast majority of stocks are highly discounted. If you're looking to make money in six months, you shouldn't be investing in the first place. Most of us here are under 30, and so for the most part you should be thinking of buying a solid company that you're going to hold for years to come.
3. The stuff that I bought the week after 9/11 (Lockheed Martin and Morgan Stanley) is up 35%. If you don't buy solid companies, no matter what conditions, you shouldn't expect any profit
4. In late '99 and early 2000, there were a so many people finally giving in and getting in the market. People who had no idea what the hell they were doing. But they saw everyone and their mother making a shit-ton on the market, and didn't want to miss out. That's why it was the perfect time to sell.
5. When everyone is buying no matter what, sell. When everyone thinks it's stupid to buy (like now) that's when you buy. I'm not saying the market is going to turn around in a week, a month, or even this year. It might still go down; it's impossible to predict, but when everyone I talk to says that I'm foolish to be buying, it's probably a good sign that the bottom is near. When everyone else is avoiding risk, that's the best time to take it.
6. If you do invest, expect realistic returns (historical yearly averages since 1930 are about 12%). If you get upset that you don't double your money every year, don't bother investing.
7. If you're say....25 and you invest $1,000 now and continue to do so every year until you are 60, you will have over $500,000. If you start at 18 instead of 25, you'll have over $1.2 million. Don't believe me? Do the math yourself.
8. Investing is nothing like gambling or the lotto, since chance has nothing to do with it.
9. If you people are that uniformed or scared about economics and investing you giant stupid-ass pussyfucks.
10. Arpi, that's how you explain something effectively
Edited By Galt on June 07 2002 at 11:43