Testing of the Oct 10 Dow low, page 1
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reply posted on 23-10-2008 @ 12:03 AM by carewemust
reply to post by E-ville


E-Ville, it didn't take "balls of steel". I have several clients who now have
over $1 million in net worth because they started in stocks during the
down times in the late 1980's. A few thousand dollars grew geometrically
into tens of thousands and then to hundreds of thousands as they
diversified into other forms of investments.

One of these clients told me on October 12th to bite the bullet and dump
as much as I could into certain stocks... to follow his lead. He said that
people called him "crazy" when he did this in 1987, but the same friends
now call him for advice and guidance. Bottom line is that unless America
goes belly-up, the stocks we buy today will make us lots of money over
the next decade. If America does go belly-up, then we lose whatever we
have anyway...no matter where it is. Might as well go for the gusto, IMO.
-cwm



reply posted on 23-10-2008 @ 12:07 AM by E-ville
Originally posted by carewemust
reply to post by E-ville


E-Ville, it didn't take "balls of steel". I have several clients who now have
over $1 million in net worth because they started in stocks during the
down times in the late 1980's. A few thousand dollars grew geometrically
into tens of thousands and then to hundreds of thousands as they
diversified into other forms of investments.

One of these clients told me on October 12th to bite the bullet and dump
as much as I could into certain stocks... to follow his lead. He said that
people called him "crazy" when he did this in 1987, but the same friends
now call him for advice and guidance. Bottom line is that unless America
goes belly-up, the stocks we buy today will make us lots of money over
the next decade. If America does go belly-up, then we lose whatever we
have anyway...no matter where it is. Might as well go for the gusto, IMO.
-cwm



True.. good point, however i have little extra and im investing in other things that will continue to "payout" but not in cash, but in food and other nessesities.

I wish ya luck.. I have money in the market in the 401k but I wont be doubling down with straight up investments.


reply posted on 23-10-2008 @ 12:10 AM by carewemust
reply to post by TrainDispatcher


Railroad stocks are poised to do even better if the new Amtrak high
speed rail initiative gets funded. The way the government is shelling
out money, it makes you wonder if they're printing it as needed.


reply posted on 23-10-2008 @ 12:19 AM by redhatty
reply to post by Anonymous Avatar


well you look at the graph you like - I'll look at the one I like

This is what I've been looking at lately though



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