the DOW is getting close to 12000

DSRTRDR · 06-18-08, 12:29 PM

I am not liking it one bit

sonnydaze · 06-18-08, 12:35 PM

wait till the next crash . im guessing mid july for the big crash 500 points or better

smittycrusher · 06-18-08, 12:38 PM

Why not? This is the whole point of dollar cost averaging. Volatility puts things on sale. I for one like to buy low and sell high. Then again if you are close to retirement and heavily positioned into equities....times are not very good for you. Asset allocation and dollar cost averaging are two of the easiest practices to get going and generate wealth. Don't look at your home value either if this is stressing you out...cause that is even more scary with the lack of liquidity.

Think long term if you can. If you don't have long, don't be wrong!
Smit

EDIT: Please don't take my comments as being an eternal optimist. Frankly, there are some very big, very real, very global messes out there. A lot of people are hurt by them. A lot of people make money off them. I for one hope that they get under control much sooner than later. Unfortunatly, there will be more shoes to drop. Commodities have enjoyed a long bull run and that bubble could burst sooner than later. Although I don't have a crystal ball, I do believe that people will still make a lot of money in the markets for my entire lifetime.

calico kid · 06-18-08, 12:42 PM

Quote:

Originally Posted by sonnydaze

wait till the next crash . im guessing mid july for the big crash 500 points or better

the price of gas will be five bucks a gal by then we will cover there asses

cruiser88 · 06-18-08, 01:20 PM

I just got a letter today saying"Currently,due to the legislative changes governing the Federal Stafford Loan program and the current US financial market,your previous student loan lender has chosen not to continue participation in the Federal Family Education Loan program ."

I know shit is getting bad now but at least I have other lenders that participate.

Mr. Toad · 06-18-08, 02:21 PM

Yep. Sucks.

Oh, and dollar cost averaging, for all of its good sense, is NOT the equivalent of hedging. Grrrr.

IDave · 06-18-08, 02:33 PM

Quote:

Originally Posted by smittycrusher

Why not? This is the whole point of dollar cost averaging.

Claudia and I are too close to retirement for this to help us!

Hilux · 06-18-08, 02:37 PM

Quote:

Originally Posted by IDave*****Ol' Fart*****

Claudia and I are too close to retirement for this to help us!

Normally I get, "don't you know it's impolite to ask a woman her age?". But you can phrase it anyway you want.

sonnydaze · 06-18-08, 02:46 PM

Quote:

Originally Posted by IDave

Claudia and I are too close to retirement for this to help us!

thats why i think we will see a crash in july , to many people have thier retirement tied up in the market and they see it falling every day . i think theyll start dumping thier stocks when it reaches 12000 and cutting thier losses and itll all crash

IDave · 06-18-08, 02:57 PM

Quote:

Originally Posted by Hilux

DSRTRDR · 06-18-08, 03:47 PM

Quote:

Originally Posted by Hilux

Normally I get, "don't you know it's impolite to ask a woman her age?". But you can phrase it anyway you want.

I have never made a secret of my age here; hint: Dave is younger than I

for me, it's not so much looming retirement than the fact that these people are losing MY money much faster than I can earn it

PHBeerman · 06-18-08, 03:50 PM

Quote:

Originally Posted by IDave

Claudia and I are too close to retirement for this to help us!

Dr. B, how much does a doc in a resort town have to worry about retirement?

Hilux · 06-18-08, 03:58 PM

Quote:

Originally Posted by DSRTRDR

I have never made a secret of my age

Age has nothing to do with it...

wait...what?

....whoops, snap response...

Hilux · 06-18-08, 03:59 PM

Will someone please fill Claudia in?

THX, management.

Hilux · 06-18-08, 04:03 PM

Quote:

Originally Posted by DSRTRDR

for me, it's not so much looming retirement than the fact that these people are losing MY money much faster than I can earn it

Do what poor people have been doing for years. It doesn't have to be in the "stock market" to be an investment

.

...and cash is king...

Translation: Buy and sell locally.

Putting your faith in other peoples hands?.......literately?...priceless....

IDave · 06-18-08, 04:30 PM

Quote:

Originally Posted by DSRTRDR

I have never made a secret of my age here; hint: Dave is younger than I

I cannot tell a lie....

Alas, I'm not!

IDave · 06-18-08, 04:32 PM

Quote:

Originally Posted by PHBeerman

Dr. B, how much does a doc in a resort town have to worry about retirement?

I'm only worried that I'll live that long!

DSRTRDR · 06-18-08, 04:33 PM

Quote:

Originally Posted by IDave

I cannot tell a lie....

Alas, I'm not!

I must have confused you with someone else

- sign of my age

DSRTRDR · 06-18-08, 04:34 PM

Quote:

Originally Posted by IDave

I'm only worried that I'll live that long!

exactly

wob · 06-18-08, 04:49 PM

Quote:

Originally Posted by Hilux

Do what poor people have been doing for years. It doesn't have to be in the "stock market" to be an investment

.

...and cash is king...

Translation: Buy and sell locally.

Putting your faith in other peoples hands?.......literately?...priceless....

Seriously dude - you are broker than fuck. Why in the world would you give investment advice?

That's like Atticus giving dieting advice.

Hilux · 06-18-08, 05:01 PM

Quote:

Originally Posted by wob

Seriously dude - you are broker than ****.

I'm not broker than ****? I just don't have ANY debt and I'm in transition to another job field.

wob · 06-18-08, 05:09 PM

Quote:

Originally Posted by Hilux

I'm not broker than ****? I just don't have ANY debt and I'm in transition to another job field.

Ie - you have bad credick, and ain't got no job?

DSRTRDR · 06-18-08, 05:19 PM

Quote:

Originally Posted by wob

Ie - you have bad credick, and ain't got no job?

I was gonna say the same thing:

no debt, no credit - what an achievement

GeoRoss · 06-18-08, 05:34 PM

Translation on aisle 9 please.

Quote:

Originally Posted by Hilux

Do what poor people have been doing for years. It doesn't have to be in the "stock market" to be an investment

.

...and cash is king...

Translation: Buy and sell locally.

Putting your faith in other peoples hands?.......literately?...priceless....

06-18-08, 12:29 PM	#1
DSRTRDR I can mangle anything... Join Date: Jan 2005 Location: BTR, PHX, OMA TLCA# 14706 Posts: 2,614	the DOW is getting close to 12000 I am not liking it one bit __________________ Claudia '72FJ40 with a no-number 2F, new MAF headers, 4spd, 33x10.5 BFG MT, 4" lift, roll cage, ARB lockers f/r, MAF disk brakes f/r, hand throttle, Painless wiring, dual advance dizzy, Bilsteins, 4+ front bumper/rear shackles/U-bolt flip, Kevin-improved frame, finally a functioning CB, with ChaseTruck Copper State Cruisers #40 www.desertrider.net

06-18-08, 12:35 PM	#2
sonnydaze IH8MUD Junior Join Date: Dec 2006 Posts: 183	wait till the next crash . im guessing mid july for the big crash 500 points or better __________________ the sex your getting you aint wantin the sex you wantin you aint gettin

06-18-08, 12:38 PM	#3
smittycrusher ATL shawty Join Date: Aug 2005 Location: The Dirty Dirty TLCA# 17856 Posts: 983	Why not? This is the whole point of dollar cost averaging. Volatility puts things on sale. I for one like to buy low and sell high. Then again if you are close to retirement and heavily positioned into equities....times are not very good for you. Asset allocation and dollar cost averaging are two of the easiest practices to get going and generate wealth. Don't look at your home value either if this is stressing you out...cause that is even more scary with the lack of liquidity. Think long term if you can. If you don't have long, don't be wrong! Smit EDIT: Please don't take my comments as being an eternal optimist. Frankly, there are some very big, very real, very global messes out there. A lot of people are hurt by them. A lot of people make money off them. I for one hope that they get under control much sooner than later. Unfortunatly, there will be more shoes to drop. Commodities have enjoyed a long bull run and that bubble could burst sooner than later. Although I don't have a crystal ball, I do believe that people will still make a lot of money in the markets for my entire lifetime. __________________ 97' - blk,OME HD,3Xlocked,Pin7,ARB Dlx,Hanna Sliders,Snorkel,PHH,SilentArmor 33's/blk steel,Slee T skid Plate,Garmin 2820,optima blue,extreme aire,128K ROTW "...and we even had a Lexus wheeling with us, that was a first and it went out, kicked ass and took names." - Heep Guy 2 PHH's in 2 days Last edited by smittycrusher; 06-18-08 at 12:45 PM.

06-18-08, 01:20 PM	#5
cruiser88 They call me crazy88 Join Date: Feb 2006 Location: over here TLCA# 17319 Posts: 6,942	I just got a letter today saying"Currently,due to the legislative changes governing the Federal Stafford Loan program and the current US financial market,your previous student loan lender has chosen not to continue participation in the Federal Family Education Loan program ." I know shit is getting bad now but at least I have other lenders that participate. __________________ "how 'bout we sing 'kyles mom is a bitch' in E minor?"by OregonCruzer http://s237.photobucket.com/albums/f...13957_15_0.jpg http://s237.photobucket.com/albums/f...113957_1_2.jpg

06-18-08, 03:59 PM	#14
Hilux IH8MUD Addict Join Date: Apr 2008 Location: fawk'n with the font TLCA# 9h9-69 Posts: 702	Will someone please fill Claudia in? THX, management. __________________ "He's in a 46 Ford and we're in a DeLorean. He'd cut through us like we were tinfoil." E. Brown.

06-18-08, 02:21 PM	#6
Mr. Toad IH8MUD Addict Join Date: Feb 2005 TLCA# 2950 Posts: 954	Yep. Sucks. Oh, and dollar cost averaging, for all of its good sense, is NOT the equivalent of hedging. Grrrr.

06-18-08, 05:36 PM	#25
Hilux IH8MUD Addict Join Date: Apr 2008 Location: fawk'n with the font