Stock Market movement
I believe that our markets have some trouble due to recent China bonds offered, value of the Yuan and weak credit here at home. My guess is that down is the more likely direction over the next year. Agree? Disagree?
posted by meblogin at 4:48 PM
3 Comments:
I have always invested in Mutual Funds because I felt I just plain did not have, nor would I ever get, the expertise required to pick stocks. Then in my befuddled old age (last year) I started one of those invest monthly things at our credit union. (They offered to add $40 to our first $100 investment if we joined. I never turn down money). Anyhow I have a 100% record of choosing losing stocks. If I buy at 10 cents sure as shooting they are worth all of 5 cents the next week. Since I long ago lost the credit unions $40 and about one half of my donations I am thinking maybe I should cash in my chips and go get into a good poker game in Cherokee. What do you think?
Hi anon,
I have been there and done that several times and understand fully.
Mutual funds are probably a great idea for many.
I struggle with the trend of markets and want to be invested when going up and in cash when going down.
Investment advisers seem to have short term memory lapse...lose 30% two years ago...make 15% this year...great year and equally great advice!!!
Thanks for your comments.
anon is me. BB
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