5 Ways To Go Broke
07-27-2014, 11:47 PM
#14
Day puke
Joined APC: Feb 2006
Position: Out.
Posts: 3,865
Originally Posted by jsled
Jungle...that $80B in juice of which you speak has been tapered to $65B over the course of this year. I don't see people running for the exits just yet. Meanwhile, these last few years have been stellar. While many have stood on the sidelines warning of our impending doom, some of us have doubled or tripled our B-funds and kid's college funds. Oh, I'm sure you gloom and doomers will be proven right one of these days. Rallies don't last forever. Especially when they're THIS GOOD! DAMN. I'll be sure to look you up on these boards during the next correction. I bet you'll be a happy camper.
Sled
Sled
Yes, I still have some money in SPYs or similar (my 401k since I have few choices, and the company matching more than makes up for average returns). But the money I control (IRA and stocks) are in small and micro caps that generally have fewer than 1500 trades per day. And I hold my stocks for at least a few years.... unlike the legalized gamblers whose trades and holdings are measured in microseconds... And I still beat the SP500 by more than 15%/year (yes, that includes the dogs). They are NOT Investors. They do NOT chose a stock because it is a company that is fundamentally sound but undervalued. They chose a stock because some rumor, 8k, 10Q, or 10k is going to move the price a quarter of a point in the next ten minutes.
I, who hate non flat or value added taxes, would love to see new capital gains tax for micro second transactions. Make it 99% so the stock market can get back to being about investing rather than which way the wind will blow.
07-29-2014, 02:22 PM
#15
Line Holder
Joined APC: Jun 2009
Position: C-150
Posts: 88
Originally Posted by FlyJSH
With big "investment" firms going from fiber optics to microwaves to increase the speed of their transactions, much of the market has become "how can I get in and out of a stock in 500 micro seconds and still make a profit?".
Yes, I still have some money in SPYs or similar (my 401k since I have few choices, and the company matching more than makes up for average returns). But the money I control (IRA and stocks) are in small and micro caps that generally have fewer than 1500 trades per day. And I hold my stocks for at least a few years.... unlike the legalized gamblers whose trades and holdings are measured in microseconds... And I still beat the SP500 by more than 15%/year (yes, that includes the dogs). They are NOT Investors. They do NOT chose a stock because it is a company that is fundamentally sound but undervalued. They chose a stock because some rumor, 8k, 10Q, or 10k is going to move the price a quarter of a point in the next ten minutes.
I, who hate non flat or value added taxes, would love to see new capital gains tax for micro second transactions. Make it 99% so the stock market can get back to being about investing rather than which way the wind will blow.
Yes, I still have some money in SPYs or similar (my 401k since I have few choices, and the company matching more than makes up for average returns). But the money I control (IRA and stocks) are in small and micro caps that generally have fewer than 1500 trades per day. And I hold my stocks for at least a few years.... unlike the legalized gamblers whose trades and holdings are measured in microseconds... And I still beat the SP500 by more than 15%/year (yes, that includes the dogs). They are NOT Investors. They do NOT chose a stock because it is a company that is fundamentally sound but undervalued. They chose a stock because some rumor, 8k, 10Q, or 10k is going to move the price a quarter of a point in the next ten minutes.
I, who hate non flat or value added taxes, would love to see new capital gains tax for micro second transactions. Make it 99% so the stock market can get back to being about investing rather than which way the wind will blow.
12-13-2016, 05:04 AM
#19
Gets Weekends Off
Joined APC: Apr 2006
Position: 737 CA
Posts: 2,750
Originally Posted by jsled
I'll tell you what, one way to not go bankrupt is to be invested in the OBAMA 10,000. March 2009: DOW 6549....today: DOW 17,000. WHEW HOO! I've been all in Mr. Jungle. Ain't it GREAT? I do so miss our little chats from back in the day. Good times. (2014)
That's a TRIPLE baby. The OBAMA 13,000....beefing the B-funds and college funds of Democrats and Republicans alike!! It's bipartisan baby!!
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