Overall I've been impressed with the IQ of the average person that posts here. If you want to see a comparison, go to any discussion forum on Craig's list. The people there are at the lower end of the gene pool, whereas here you will find mostly intelligent business owners. So my question is have any of you found a good site to advise you on your investments? I am not looking to be a day trader, or one who plots the metrics of the daily goings on of the market. Just someplace where you can read about what is really going on in the market, in language that enlightens ratfer than tries to impress. Like many of you I just don't see my current investment guide being overally concerned about me. What's out there?
Money and investing question
- Thread starter mac
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pitzerwm
Active member
You might go to the Library and then Experts and read Paul Merriman's info. I use to have him manage some of my money and IMO his ideas are good. The reason that I moved didn't have anything to do with his ideas.
Until Obama and the Communist are out of Washington, I only have cash.
Until Obama and the Communist are out of Washington, I only have cash.
Greg Pack
Wash Weenie
I can give you a list of a bunch of great financial websites, but after reading them a while all you will want to do is pull your money out of the market and start buying canned food and guns. It takes a lot of reading to wade through all the chatter.
I may miss the next big run up in stocks, but the equities market is a racket where a handful of major players with their supercomputers rule the roost and scalp off the retail suckers. It's a giant money siphon, run by a lot of people that aren't as smart as you would have thought. I'm for the most part out.
IMO we have experienced a bubble ponzi economy since the late 90's and things aren't going to get markedly better for years and years. And years.....
Anyway if you're willing to hear the bear's point of view:
http://www.zerohedge.com/
and a great forum with some highly intelligent people, but mostly bearish:
http://tickerforum.org/akcs-www
I may miss the next big run up in stocks, but the equities market is a racket where a handful of major players with their supercomputers rule the roost and scalp off the retail suckers. It's a giant money siphon, run by a lot of people that aren't as smart as you would have thought. I'm for the most part out.
IMO we have experienced a bubble ponzi economy since the late 90's and things aren't going to get markedly better for years and years. And years.....
Anyway if you're willing to hear the bear's point of view:
http://www.zerohedge.com/
and a great forum with some highly intelligent people, but mostly bearish:
http://tickerforum.org/akcs-www
Greg Pack
Wash Weenie
BTW, Mac, these aren't "how to" sites. It would be like someone wanting to buy a carwash coming here. There is no "one stop" place for that info. I believe the index etfs outpace the vast majority of funds.
There is a least one person on the forum that can give much sounder advice, and I'm sure it won't be so bearish, perhaps he will come along with some good advice.
There is a least one person on the forum that can give much sounder advice, and I'm sure it won't be so bearish, perhaps he will come along with some good advice.
pitzerwm
Active member
I'm going to preferreds, at my age, I can forgo the growth that you younger people need.
Greg Pack
Wash Weenie
I have traded some preferreds of my local electricity providor. You can still get almost a 6% rate on your money. And I imagine utility companies are pretty stable. There is a website called quantumonline.com that is geared to preferreds.
Jimmy Buffett
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This is kind of in the same vein. Does anybody on this forum look for oil prices to go down in the next year? Volatility brings opportunity but it's scary business.
pitzerwm
Active member
IMO, when the US governments takes over BP, and shuts down all drilling new & old all over the country, the price of gas has no other direction than up. To get reelected and save the Dems in Nov. Obama will go for the "make me feel good" solution. The press has made BP the villain, so killing them will be his only option.
I was listening to the news this AM, there are a dozen governmental bodies "in charge" of this problem, and each keep vetoing the other's solutions, so nothing is being done. No one is "in charge".
I was listening to the news this AM, there are a dozen governmental bodies "in charge" of this problem, and each keep vetoing the other's solutions, so nothing is being done. No one is "in charge".
Red Baron
Active member
I invest small amounts by the theory that most investors get it wrong. When everyone is running one way, I( run the other. Picked up some USO (oil) LEAPs options in case Israel bombs Iran - that should net me enough to pay for $8/gal diesel for a few hundred years.
Picked up some BP options last week and may have been premature on that, but I do think they will survive and their stock will go north quickly when the well is capped.
Picked up some BP options last week and may have been premature on that, but I do think they will survive and their stock will go north quickly when the well is capped.