**beginning of the end for the stock market

[milwaukee mike]

wow.  you seriously need to read some history!  do you know what a cesspool of a country and  cesspool poor crime ridden unhealthy cities and little towns we had decades ago?  50 years ago?  100 years ago?

 

we have it 50 times better now in almost all areas.  Every area no, certain drug use especially troubling, and middle income white family divorces too high.  

 

my dad could work in the summer at a can factory and make enough money to pay for tuition at marquette

 

and milwaukee had almost no crime then vs today

[FISHHEAD]

Farmland much better investment than stocks, now, just as it has been the past 50 years.

 

Go!

[milwaukee mike]

and just going back in time to when i was a kid (30 years ago)

 

we could play in the street at night in milwaukee, left our doors open, everyone in the neighborhood was (for the most part) friendly and nice ... now there is no way in heck i would let my kids play outside at night anywhere near there, and most of my neighbors are miserable pricks

[Niblet]

Farmland much better investment than stocks, now, just as it has been the past 50 years.

 

Go!

 

Nothing like that sweet sweet IOWA grain

it makes the economy GROW

[milwaukee mike]

Nothing like that sweet sweet IOWA grain

it makes the economy GROW

 

bingo

 

people will always have a need for food, clothing, shelter

 

but over-consumption is what i see coming to an end... just the stuff i've dealt with lately on refinancing deals, banks are getting super tight and money isn't as readily available for people as it was in the past.

 

like fishhead said, most people i know too are either millionaires or flat broke.  they might have nice cars and a nice house but it's all borrowed money and if you saw their credit card bills it might shock you!

[Chickadee]

I would guess 9/10 people have no clue in what they're invested in or care as long as it goes up

ask them what a stock is or the different methods of valuing it and they will give you a blank stare

i worked in a CIBC brokerage branch and the brokers were sales people, the analysts sent out by mutual fund companies to pimp their products at the brokerage office were sales people,

the "impartial" analysts covering individual sectors or companies are biased towards positive ratings because they otherwise would not have access to info or the companies would complain and their boss would get on their case nor would they want to escape the herd mentality of the other analyst's covering that sector

even in house reports were plagued with positivity because the problem is systemic (and mind you this was pre 2006 so everything was GREAT! until it wasn't)

it's the same reason so called impartial credit rating agencies got it so wrong during the subprime crisis

the solution of course suggested is indexing but there's inherent problems in that as well if the flow of capital trends too much towards artificial stock indices regardless of valuation

[milwaukee mike]

good stuff chickadee

 

stock brokers have been mutual fund salesmen for quite some time now... pimping shit that charges ridiculous fees when the average joe would be much better just buying spy/dia in a e-trade account

[IAG]

Hi guys.  It appears there are some market sharps in here.   One thing this "intelligent, self-sufficient woman" has no clue about is the market. My one run with it was not good.   I bought some gold years ago (coins) but have since sold those, so I'm almost strictly in cash.

 

Earlier this year  bought shares in NRF (for the dividend) and VIG (saw on a list and liked the symbol)    NRF has been holding since I bought in January.  It's a REIT.   I'm staying in hoping for a merger to correct a spin off a few years back, but honestly I have no idea how to read all the numbers/charts etc and my "Investing for Dummies" book is still on the shelf,so if anyone feels inclined to look at those and give me an opinion I would appreciate it.    I hate watching money earn %1 interest, especially while I'm not working.

 

I also have an unallocated 2015 IRA contribution I need to put into something.  It's sitting in a MM at Ameritrade.  Any recommendations would be appreciated!

[milwaukee mike]

Hi guys.  It appears there are some market sharps in here.   One thing this "intelligent, self-sufficient woman" has no clue about is the market. My one run with it was not good.   I bought some gold years ago (coins) but have since sold those, so I'm almost strictly in cash.

 

Earlier this year  bought shares in NRF (for the dividend) and VIG (saw on a list and liked the symbol)    NRF has been holding since I bought in January.  It's a REIT.   I'm staying in hoping for a merger to correct a spin off a few years back, but honestly I have no idea how to read all the numbers/charts etc and my "Investing for Dummies" book is still on the shelf,so if anyone feels inclined to look at those and give me an opinion I would appreciate it.    I hate watching money earn %1 interest, especially while I'm not working.

 

I also have an unallocated 2015 IRA contribution I need to put into something.  It's sitting in a MM at Ameritrade.  Any recommendations would be appreciated!

 

with ira money, if you're not going to touch it for 10 years and want fixed income i would just throw it in a 10-year cd, take the measly 2.4% or whatever...if you want stock market exposure then just buy spy (s&p 500)... i'll look into those reits and get back to you

[IAG]

See?  I didn't even know you could buy CDs within an IRA.   Thanks!    NRF is a REIT..the other one is an EFT (and no, I don't know exactly what that means-ha)   

 

"All" I want to do is find a way to make %5 to %6 on my money.    No rush, but appreciate any insight.

[Guest boatboatboat]

Someone must not have told US travelers we are in the shitter

 

just booked airfare and a rental car

 

prices have risen considerably the last 2-3 years, a sign that people are traveling which is a luxury item

[FISHHEAD]

Boat, yes, things "seem good and halfass decent" now.......your skeptics on your thoughts of being bullish on America are not arguing that.

[rito]

See?  I didn't even know you could buy CDs within an IRA.   Thanks!    NRF is a REIT..the other one is an EFT (and no, I don't know exactly what that means-ha)   

 

"All" I want to do is find a way to make %5 to %6 on my money.    No rush, but appreciate any insight.

 

Unless rates spike a bunch, you won't get that high without taking on risk.

[timetopay]

Sending 7 to Disney in a month. A grand to just get in the place.

 

And place is never busier and tickets just keep going up

[rito]

At the top end Americans are doing really well, but I think most must be fked.  Everything is so damn expensive.  Can't leave the house without spending $100 on some nonsense.

[WVU]

Sending 7 to Disney in a month. A grand to just get in the place.

 

And place is never busier and tickets just keep going up

are you leaving my tickets at the box office or sending them my way?

[FISHHEAD]

Health costs and health insurance have many behind the 8-ball

[JTGAMBLE]

 Everything is so damn expensive.  Can't leave the house without spending $100 on some nonsense.

 

[timetopay]

are you leaving my tickets at the box office or sending them my way?

 

Ha 

 

Have told you to get to Busch Gardens and lets introduce the wives. 

[Guest boatboatboat]

Sending 7 to Disney in a month. A grand to just get in the place.

 

And place is never busier and tickets just keep going up

go now, emps and stock market crash coming

 

take ammo, may be only way to score a mickey head ice cream

[Chickadee]

Hi guys.  It appears there are some market sharps in here.   One thing this "intelligent, self-sufficient woman" has no clue about is the market. My one run with it was not good.   I bought some gold years ago (coins) but have since sold those, so I'm almost strictly in cash.

 

Earlier this year  bought shares in NRF (for the dividend) and VIG (saw on a list and liked the symbol)    NRF has been holding since I bought in January.  It's a REIT.   I'm staying in hoping for a merger to correct a spin off a few years back, but honestly I have no idea how to read all the numbers/charts etc and my "Investing for Dummies" book is still on the shelf,so if anyone feels inclined to look at those and give me an opinion I would appreciate it.    I hate watching money earn %1 interest, especially while I'm not working.

 

I also have an unallocated 2015 IRA contribution I need to put into something.  It's sitting in a MM at Ameritrade.  Any recommendations would be appreciated!

 

Assuming American

read bogleheads guide to investing

will boil down to using some combination of index funds to invest depending on your risk tolerance

vanguard usually has the lowest fees (MER's)/PITA factor + low cost brokerage to get them

fee only planner for the rest of stuff (insurance, emergency fund, debt servicing etc.)

[Chickadee]

yes you must be a dullard if you question the all mighty markets duh

[WVU]

Ha 

 

Have told you to get to Busch Gardens and lets introduce the wives. 

While it might be amusing I'm kinda afraid of what you would ask/say to my wife. You can be a real dick sometimes.

[mikeman]

market is surging the last week or so, better retire this thread, next time it tanks for a week we can resurrect it with more predictions of the end times!

[mikeman]

i can only hope and dream that you will listen to me, that would really make my life better lol

 

a large % of people have bigger houses and nicer cars, but most families have both spouses working insane hours to get to that point

 

come to milwaukee and see how good 1/2 the population here has it... at least those people in the 50s had dirt floors, now do you know any 25 year olds that own their own house?  most still live at home with mommy because it's apparently so good out there

I was born in Milwaukee, still have relatives there, hell, you could be one of my cousins I haven't seen in 25 - 30 years, those people who live like crap now live that way because their scum, not because of the economy, they're loser blacks from chicago trying for an extra few hondo a month in welfare. It's a sign that society works when lazy, stupid people live badly, rejoice in it, dont despair.