What is up with the stock market?

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Originally posted by: Tutontow
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Originally posted by: jatki99
Currently there's no better place to put your money currently. I don't believe a cd at the bank outpaces inflation, so you may actually be losing money there, may as well keep it under ypur mattress. When you say getting a secure 4% I'm curious to lnow what secure vehicle there is today to get that. I only mention because may want to check, if it's a bond fund that's exposed to foreign governmental bonds it may not be as secure as you may think, I certainly hope not, but might want to check my friend.

J


The 4% is a retirement account my former employer, Hillsborough County, contracted with the The Hartford. It is renegotiated annually. If and when it changes I will be shopping around for something else. They currently offer some good bond funds.

When I first started investing in The Hartford fund Jimmy Carter was president and my home loan was 14.75% (not a misprint)
The Hartford fund was paying a fixed 12.5%.


Great! My mother and father in law are in a Hartford fund. They put X amount in and it was guaranteed to never drop below that amount(of course deducting withdraws) and they held up their end on it, I was impressed because I was really leery when I first heard about it. My F-i-L has a not so good track record of ,umm,financial planning.

HA, could you imagine getting 12.5 fixed now a days? I'd be in.

J

Quote

Originally posted by: jatki99
Quote

Originally posted by: Tutontow
Quote

Originally posted by: jatki99
Currently there's no better place to put your money currently. I don't believe a cd at the bank outpaces inflation, so you may actually be losing money there, may as well keep it under ypur mattress. When you say getting a secure 4% I'm curious to lnow what secure vehicle there is today to get that. I only mention because may want to check, if it's a bond fund that's exposed to foreign governmental bonds it may not be as secure as you may think, I certainly hope not, but might want to check my friend.

J


The 4% is a retirement account my former employer, Hillsborough County, contracted with the The Hartford. It is renegotiated annually. If and when it changes I will be shopping around for something else. They currently offer some good bond funds.

When I first started investing in The Hartford fund Jimmy Carter was president and my home loan was 14.75% (not a misprint)
The Hartford fund was paying a fixed 12.5%.


Great! My mother and father in law are in a Hartford fund. They put X amount in and it was guaranteed to never drop below that amount(of course deducting withdraws) and they held up their end on it, I was impressed because I was really leery when I first heard about it. My F-i-L has a not so good track record of ,umm,financial planning.

HA, could you imagine getting 12.5 fixed now a days? I'd be in.

J



How about it, your money doubles every six years even if you don't put any more money in.
Once the big boys, Rothschild, Rockefeller, Warburgs..etc., get out, because they will know when interest rates will go up(they decide). Yes it is like inside trading, but no one is more powerfull, Obama is a mere pawn. Then the stock market will go way down, once everyone sells they will freeze interest rates, and buy back the stocks and up we go again. I would love to know whenever they make moves, I would be worth millions!

"Once the big boys, Rothschild, Rockefeller, Warburgs..etc., get out, because they will know when interest rates will go up(they decide"

Actually most of the investment money is controlled by pension & mutual funds.

Back to the original topic - if you want to ride a bigger coaster, try the chinese stock market - where 5% swings are the norm

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Originally posted by: hoops2
if you want to ride a bigger coaster, try the chinese stock market

I'm very easy to please. All I want is a coaster that only goes up.



Geez, gold taking another sizable hit today. I may start a small position, it ain't ever gonna be void of value.

Spot gold about $1420/oz, silver about $23.70/oz as I write. Already have modest positions, but I'd probably add to them if prices fell to around $1200 and $20.
I was thinking somewhat similar, I was thinking sub1300-1250, see what's going on in the world if it goes that low. I watched a portion of Bernanke speaking this morning, nothing's really changing any time soon. Well, sounds like it anyway.
Uh-Oh, this could be bad if another battle between the aisles erupt over the debt ceiling again. I think the market is so wat overbought right now this could be the catalyst for a correction I feel needs to ahppen anyway.From the cnbc website.

The Obama administration notified Congress on Friday that it was taking steps to free up about $260 billion so that it can keep paying the nation's bills when a temporary suspension in the debt ceiling lapses this weekend...

https://www.cnbc.com/id/100736906
Gold has been up for something like 12 years in a row now. The party is over! Gold has been on a steady decline the past few weeks and it is going to go down some more. If you are looking to go "long" gold just hold yer horses. It could very well drop to $1100. by summers end.
Now if you are wanting to "short" gold you probably would have been in by now. $1460 was the point to enter with the "shorts".
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