Stocks are already back. Just not all of them. The stock market as a whole is irrelevant. You must pick individual ones to succeed. Also the time frame for a pick is not very long. At most 6 months traders run them up then abandon them and move to the next one. Then drive that one up, and so on it goes. Multinationals that pay dividends are the main stocks doing well because many countries are recovering nicely from the world-wide depression. E.g. Caterpillar has moved extremely well plus pays a nice dividend but the big gains for the year are over. I have picked up $20 per share since I bought it 6 months ago so I don't expect any more big gains for awhile.
If I could predict stocks I would be a millionaire by now. I get lucky at rare times then I just tread water until I find another stock. I don't believe in funds, especially front loaded ones. Most fund managers are pussies. They just want to collect their commissions and don't care about you. They cannot buy small cap stocks (which is where most of the big money is made) by law and go with the herd buying large caps only when everyone else has already got in and then sell too late. It is like musical chairs; the last one standing holds the bag. If you think that a stock fund is going to help out your financial status, forget it. Funds are just a place to park any surplus until the money is needed in the future. You will be lucky to get even 1 or 2 percent yield. There are some safer funds such as those by Fidelity but again timing is important. If you look just two years back, they have done quite well because the stock market as a whole has come back significantly since 2008. But over a 5 year period they are just getting back to even. There is a ton of information on fund performance on the Internet. It takes a lot of work to find it. Conclusion: it is playing with fire for a politician (or his appointed manager) to be working the stock market. To make money requires taking risks which if they go bad the politician can be accused of fraud. All you have to do is look at Bernie Madoff for what happens if your manager is a crook. ----- Original Message ----- From: "Pete Theisen" <[email protected]> To: "ProFox Email List" <[email protected]> Sent: Monday, November 15, 2010 10:34 AM Subject: [OT] For Stock Experts > Hi Everybody, > > I am a candidate for our local City Commission. The City Manager briefed > me on a plan to hose the police retirees on their healthcare and > pensions, claiming that the city lost so much in the stock fund that > supported the plan that they "have to". > > But - the replacement plan has a front load that will make it *more* > expensive for the first couple of years. Also, if the stock market > rebounds the original plan would be better? > > What are the chances of stocks coming back? > -- > Regards, > > Pete > http://pete-theisen.com/ > http://elect-pete-theisen.com/ > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/1df2268546c44e5190b19897517b0...@dual ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
