People here and elsewhere should believe that with time/effort they can invest successfully.
By Daniel at 29 December, 2009, 12:57 pm
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It’s important to pick value plays as the top 25% of stocks have accounted for All gains in the past 30 years.
http://www.fivecentnickel.com/2009/05/21/stocks-are-for-losers/
#8. There are some smart folks on Wall Street - analysts, investment bankers etc etc. However, to make up for their occassional stupidity, hubris, or blinding greed, and need for a quick buck, they have the government and taxpayer to bail them out. This continues the philosophy of socializing losses while privatizing profits. It’s always a win-win situation. They all thrive since they can help shape and report reality. Well they all do well - unless of course there’s competition to be knocked off the Wall Street block.
#6. I think this is where people get confused. A lot of low priced stocks are cheap - not inexpensive. Companies like Fannie, Freddie, Citi are practically bankrupt. They should go lower and lower until they reach $0. Other companies like Banksters of America and especially Goldman and JPMorgan are especially adept at fooling investors and traders into thinking they’re just fine.
#1. Buffett was very smart (went to Ivy League schools where he met Graham) but is right that even if you have nothing, you can invest your way to prosperity. The $6000 he’d saved by the early 1940s was the seed of his huge fortune. In the last 50 years, his worth has risen from $95,000 to $37 Billion. He’s gotten some great deals (Goldman Sachs) but most of it was It was done through looking at undervalued assets with long term appeal.
- Castor-PolluxM35
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