so are we about to hit rock bottom?

[blacknightteg]

so, yes, im going by what the media is saying. but, are we as a world about to hit rock bottom? seems like every damn market in the world is going down and down an down. i was watching something on cnbc i believe, one of the news channels, i wasnt really sure, where a guy said that were about to be at like a stable low or something and thant after a while it will start to get better. i kinda got freaked out last night cuz for the first time i had my mom come up to me before she went to bed last night seemed worried as hell. usually they dont worry! so what you think is the deal? im lookin for input from all you economic guru's. im trying not to add to the panic.

[Spektrewing386]

your mom was worried because she missed her period.



but really, i dont know

[jwrape]

It is scary on one aspect, the other side of it is that you can buy it low and it will eventually come back up, it always does. Gotta ride it out.

[jwrape]

If I were 18-21 again I would be buying as much as possible right now. REALLY! Even if it goes a little lower than it is now, the DOW will return to AT LEAST 10000 if not go above, especially after we select a president. The market always gets a little crazy during elections but it has never been this low in my adult life, but in all my stock trades I know that this is the time to buy. It will be profitable as long as you pick good Blue chip stocks. I'm buying as much as possible now.

[blacknightteg]

your mom was worried because she missed her period.



but really, i dont know

dude, stfu. real talk. even if your jokin, i dont like people talkin about my parents like that

[jwrape]

dude, stfu. real talk. even if your jokin, i dont like people talkin about my parents like that

I agree, don't rip on his mom, that's not cool.

[mmmmpsi]

What we really need is a few days of sustained bottoms, that way it will be build support and then bounce.. Not the wild swings we've been seeing for the past few months.. Is 8000 the bottom?? Only time will tell.. I think it's only a matter of time where governments say fuck it we're staying out of this and let things just play out because it will bounce.. it's just a matter of time..

LOOK at the bright side.. Even if you don't have money, you can afford gas because you'll see 2.00 gas pretty soon if oil keeps tanking the way it is..

-80.00/bbl today. I see 60's coming personally..

[blacknightteg]

well i have been watching CNN all morning cuz they have been watching the market, and it feel below 8000 right at the bell, fell more then 600 points. but now its back up to 8500and some change and only down 30 pts. so i can see what you are saying. i just hope that it starts to come back up. even as im typing its going up higher. its plus 2 right now. hah.

[jwrape]

Yea, gotta love the gas price coming down. Hopefully it will continue to fall. I am driving to Orlando in a week.
If you can scrounge together $500 and open a Scottrade account and buy some good blue chip stocks, you will defintely profit in the next couple years.

Buy, Buy, Buy.....

I would say buy something that everyone will always use, something like Johnson and Johnson or Proctor and Gamble that make things like toilet paper and toothpaste, or even Coke. Even when times are tough people still have to wipe there rear and they still drink coke. And they are Blue Chip stocks that pay dividends that add up to additional money every quarter.

I only wish someone would have pushed me to buy when I was young because the Dow back then was about the same place it is now and it eventually hit over 14000 last year. Could have made a fortune on the prices alone, not to mention the Dividends I would have made by now.

find a product or company that you like and have faith in, research thestocks, ask questions and invest. It works and it pays. Now is the time to buy. It's my best advise to the younger generation here.

If you don't take my advise, well that's ok too, but I know you will kick yourself.

[jwrape]

Actually i will correct myself. The Dow in 94' when I graduated was around 3600, itdropped from around 3900. To think of that now, If I would have bought ANY Blue Chip stock back then and left it until today, I would have a fortune now.
Here is the chart of the dow since 74'

http://www.the-privateer.com/chart/dow-long.html

[jwrape]

well i have been watching CNN all morning cuz they have been watching the market, and it feel below 8000 right at the bell, fell more then 600 points. but now its back up to 8500and some change and only down 30 pts. so i can see what you are saying. i just hope that it starts to come back up. even as im typing its going up higher. its plus 2 right now. hah.

Yea, you might have heard on CNN that the drastic fall was due to the previous nights computer orders that are filled as soon as the market opens. So the bounce down was all those previous orders being filled. Now the market is more steady. Around 3pm it will change drastically again due to the end of the day sell off.

This morning would have been great to buy when it hit -600, could have gotten a good price on shares.

[blacknightteg]

i have never really considered putting in money to the stock market soley on this reason, seems to big of a risk for me.

[jwrape]

i have never really considered putting in money to the stock market soley on this reason, seems to big of a risk for me.

Well , I won't sugar coat it and say there is not a risk, but if you research your company and buy Blue Chip stocks of which their products will always be in demand like i mentioned above, there is limited risk. I would definately say you should use money you can afford to do without, but the odds are with Certain Blue Chip stocks, you will make money. And the proper research I am talking about is also looking into the risk rating the particular stock you are buying has.
Most of the time the less the risk of the stock, the slower your money grows, the more the risk, of course the more chance you have to make a lot of money or lose alot. But in this climate that we are in now, if you are patient and leave your money alone in the market you have a great chance of making a good bit of money on even the slow growers because the market is will always go back up. Since 74' it has continued to grow as shown in the chart above. Over the years the Dow will continue to grow which indirectly will mean your money will grow if invested smart and properly.

My basic statement is,
1)get up $500 (minimum to open an account on Scotttrade)
2)select a company that you have faith that will always have a return,
3)research it!!! (This took me a good 12 hours of surfing the web and looking for EVERYTHING related to the companies performance online), ask other people you trust that are in the market,
4)Make sure it's a Blue Chip stock (Blue Chip stocks, even when they are down, pay dividends. This helps your money to keep making money even when the stock is down. Dividends is money paid to you quarterly on how many shares you own of the companies stock. It's part of profit sharing in the company)
5) Purhase the stock
6) Watch it(Easy on the Stock Streamer on Scottrade)
7) Leave it there for your retirement or older age
8) Add to it or buy other stocks as you can to provide for your older age or College or buying a house.

It is a great way to get a much larger return on your money than any savings accounts or CD's. Savings and CD's have lower interest rates but are very safe.
This is not to say Savings accounts and CD are a bad idea because as you grow your money you will want to invest in multiple forms of saving so you are diversified as to protect your money better. This way, if you have multiple forms of savings, if one stock falls then you still have others to keep your money growing.
The stock market is a great place to make money, but also a great place to lose money, but the odds are you will make money, especially from the bottom up like the market is now. We are currently so low that it MOST likey will not go much lower and will in the next few years restore and continue to grow back up to the 14000+ mark.

Now I will say the Stock Market is not for everyone, some people just cannot understand it OR more like, don't want to understand it because they are afraid. I get that, because I was one of those people originally, that was until multiple people I trust talked to me about it and I saw potential.

Really, talk to someone that you trust that plays the Stock Market and see what they think. Don't ask the people that have never owned stocks, they don't know and they might shy you away from something that they themselves have never tried.

Don't knock it till you try it.

If nothing else, pick a stock after reseaching it and then pick a reasonable amount of shares you think you could afford, PRETEND you have purchased that stock and then watch that stock for about a month and see if you would have lost or gained money. Better yet, pick a few different ones because one stock might not be enough of an example to give it a fair view.

Note: I plug Scottrade because they are the cheapest i have found to trade stocks. They only charge $7 per trade no matter how much you buy. A lot of others will say $10 per trade and then anything over $1000 they charge you a percentage. Scottrade is the best IMHO.

A lot of older people (40's and up) I know are living off their stocks and Dividends. As you get older and are able to invest more and more and buy more shares, those Dividends can pay you quite a lot of money every quarter. I know people that have been investing for years and their dividend checks are over $25k per quarter, that's at least $100k per year. That's a decent income by most standards I live by. I am aiming for that status.

Funny Clark Howard just verified what I am saying on Channel 2 as I am typing. He just said, don't be scared, if you continue to add money into the your stocks paycheck by paycheck and be patient you will make more money in the low run.

Oh, another thing, your parents or your 401k is based on stocks as well. Mutual funds, what most 401k's are based on, are a collection of a number of stocks that they are directly affected by. For instance they will take 20 different stocks and your Mutual fund will grow if those 20 stocks as a whole grow. If that 20 stocks don't grow, your mutual fund doesn't grow.

Most likely, your mother might be worried about her 401k which is her stocks in the stock market. But her Dividends are still paying her quarterly so she is STILL makring moeny and STILL owns her shares of stock and they will eventually come back....

I hope it's not too much info for ya, but I wish someone would have explained it to me sooner.

[Spektrewing386]

consider the value of your money too.

if you buy a lot now, and you sell it 25 years later for higher... how much will that profit actually be once you consider how much less your money is worth?


a gallon of milk in 1975 was about $1.57. now its almost $4. thats more than double. so will that mean all that money you invested is now worth half as much as it was, but yet the value of the stock went up.... so you just about break even.

thats if you go long term though.

[jwrape]

consider the value of your money too.

if you buy a lot now, and you sell it 25 years later for higher... how much will that profit actually be once you consider how much less your money is worth?


a gallon of milk in 1975 was about $1.57. now its almost $4. thats more than double. so will that mean all that money you invested is now worth half as much as it was, but yet the value of the stock went up.... so you just about break even.

thats if you go long term though.

Ummm, I get what your saying there, but it's really not a good example because the price of inflation and the amount that your stock could grow are in NO WAY porportionate(<spelling). A Stocks performance can FAR EXCEED the price of inflation and often does. I'm not sure what the rate of inflation is, something like 1-3% or something, your money can easily FAR exceed that in the stock market depending upon the stock(s) performance. And once again, Milk itself doesn't pay Dividends quarterly.

[Vteckidd]

the bottom will be 7000 that's my predictions

[jwrape]

the bottom will be 7000 that's my predictions

Yea, I'm gonna agree with you. We have come close to that just this morning the way all those early morning trades were sinking the Dow.

[SPOOLIN]

so you can go to etrade or scotttrade and sign up and take 500$ and shove it somewhere? Ive thought about it but never knew where to truely start with doing it.

[Vteckidd]

im calling my broker now lol

[Spektrewing386]

so you can go to etrade or scotttrade and sign up and take 500$ and shove it somewhere? Ive thought about it but never knew where to truely start with doing it.

yes, if you are going to join scottrade, PM and and i can be your referal.

it takes about 3 days for money to appear in your account, so you just cant say "hey i want that stock now" if you dont have any money in the account yet.



also remember to turn off paper statements because they charge you like $2 everytime they send you a paper statement.

[jwrape]

so you can go to etrade or scotttrade and sign up and take 500$ and shove it somewhere? Ive thought about it but never knew where to truely start with doing it.

Yes, Basically that's it. I had to go to my nearest branch with a check but I think they have it now where you can have it debited from your checking account without having to go into a branch but as it was said above, it takes a few days for your money to show up in the account, ,then you can start trading.

I currently have about $50 worth of stock in Scottrade account cause I just moved into my house not to long ago and cashed most of it out, but after the initial $500 deposit, you don't have to always carry a $500 balance. After the initial, you can go down to a Zero balance or anything above that. The $500 is just to initiate the account. It's really easy.

[SPOOLIN]

alright well i need to look into it a little more, im sure the market isn't going any where to the point that ill get pissed off for waiting in the next week or 2

[jwrape]

alright well i need to look into it a little more, im sure the market isn't going any where to the point that ill get pissed off for waiting in the next week or 2

true, it's not going to jump up instantaniously. I definately condone researching it, but I would say don't put it off if you are truely interested.

[SPOOLIN]

im pretty amused at the way the dow has played out today.

[Kevykev]

Good info on this thread i've been watching the market all morning. "Now" as in, "this time period" is the time to buy.

I know it's all a numbers game but if the market doesn't stabilized in the mid 7k range i'm thinking it'll bottom out in the 6k range.

Time.

[jwrape]

im pretty amused at the way the dow has played out today.

Yea, it definately was amusing. I know a few people that do not check the Dow except for every now and then so they don't get axiety about the Dow fluxuating. We were sitting here at work watching it all day. It's been a roller coaster. LOL!

My pay check doesn't drop in, until midnight so tomorrow I will be poising some buys for Monday morning.

Don't know if it would hit 6000. I'm leaning towards not. but I guess anything now days is possible but I can almost guarranty(spelling) you buy now and then it will go up as soon as the President is selected. It does this every 4 years because of all the uncertain people in the world.

[SPOOLIN]

Yea, it definately was amusing. I know a few people that do not check the Dow except for every now and then so they don't get axiety about the Dow fluxuating. We were sitting here at work watching it all day. It's been a roller coaster. LOL!

My pay check doesn't drop in, until midnight so tomorrow I will be poising some buys for Monday morning.

Don't know if it would hit 6000. I'm leaning towards not. but I guess anything now days is possible but I can almost guarranty(spelling) you buy now and then it will go up as soon as the President is selected. It does this every 4 years because of all the uncertain people in the world.

every 8 years is always the rough one though.

[jwrape]

every 8 years is always the rough one though.

True, the people are even more skeptical because they know they HAVE to change leadership and things will be disrupted.

[jwrape]

Ok, did you see the market Yesterday re-bound 900+... I made $1800 yesterday in my 401k... Gotta love the market....

[ash7]

Ok, did you see the market Yesterday re-bound 900+... I made $1800 yesterday in my 401k... Gotta love the market....

lol, did you see the market fall at the close today? I'd suggest a different type of 401k if you're interested in having money for retirement.

Wallstreet is so unstable these days, and Washington isn't making things much better. I've now moved over half my portfolio out of the stock market, and placed it in gold coins. Reason being: China is now demanding that T-bills must be insured, which should be a wake up call to investors with large holdings.

-jonathan

[Z33_kid]

the bottom will be 7000 that's my predictions

i would say 5000 and i dont think stuff is really that bad i got a new job now to !!!

[Ronsam2006]

i would say 5000 and i dont think stuff is really that bad i got a new job now to !!!

You are pretty lucky, I have applied to about 200 places in the last month or so and not one reply.

[jwrape]

lol, did you see the market fall at the close today? I'd suggest a different type of 401k if you're interested in having money for retirement. .

-jonathan

I wouldn't call it a fall. It rose almost 900 points the day before and closed -146 or so points yesterday. I'm still up, especially since I bought more shares on Monday.

But on the gold front, that is always a good investment. Gold usually makes money as well and is pretty stable investment.