> Sgt Sorge wrote: > Actually Jerry, both would be welcome. I know the market is shit right now, > but I think that if I can get in on some companies that have the potential > to do good later on, and get in cheap, it might work out. But of course > Ineed to be educated on this first. >
Best thing to do is to read some books on investing like Buffet and/or start listening to podcasts. But, frankly, you'll very likely make no money over the long run, and probably lose. Thus the best thing to do is invest in ETFs since they take into account the market or sectors as a whole. Buy it and forget it. The rule of average-guy stock trading is that for every stock you buy there's someone on the other side selling. And that other person is probably an institutional investor, probably knows WAY more than you do, and most likely controls WAY more capital. So buy ETFs - right now there are some great ones in commodities like gold and silver. But that's even a little risky. I'd just watch the DJIA and S&P as a whole. They're going to drop further in my opinion since no wealth has been created since 1997. As the market "delevers" all the gains since Clinton will be unwound and further shocks will happen as emerging markets implode. Stimulus from China might alter this course, but I'd expect no. That means you could see a floor of "dow 3000". Lots of people think I'm nuts but I think we're only a big announcement or 2 away from pretty close that. If you wanted to split the difference you could wait until dow 5k (or 4k for me :) and then pile all of you money into ETFs and sit back. As the market recovers you'll ride the wave and you won't have to worry about individual companies. Surfers ride the waves, not the molecules! Hang loose! W00t! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:290609 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
