posted on Jan, 12 2010 @ 08:31 AM
reply to post by RedGolem
It was pure luck, I was going to leave California and knew the economy was bad and the only real safe investment over the long run was gold. My boss
put me in touch with our investment manager and I was able to purchase the gold through his firm.
I cannot advise anyone on investments. I have always left that up to others, like I said, it was pure luck.
Of course I have been living on that luck since 08 and need to find work soon. Hope whatever happens, happens soon. By what the Asian area governments
did when their economies faltered back in the 1995-2000 time frame, we are only going to prolong the problems instead of fixing them.
The one thing about me pulling out when I did, I should have looked back at history and put together the same thing always happens. A slow rise always
follows a severe drop in the market.
I believe now the next point in the market that can be a money maker is shorting stock. But for that to work you need to get in at the right point.
Another dip is coming, I do not know when but it is inevitable. Even if we see a long term rise in the market, another downturn is on the horizon.
I just need to find another job or start a company again. My first venture was back in the 93-2000 time frame. It did well but I had problems with a
workman's comp case and had to close because of it.
Need to come up with a good business model and invest the last of my savings, maybe. It is kind of scary to start a business in this market. Still
working out possible ideas. My specialty is construction of any type, but that is one of the hardest markets right now. I am leaning toward the
survivalist market but that has been flooded already. And I hate to profit on others fears, just does not seem Christian to me.
Need to find a niche.
Keep giving me these articles to read. I may come up with something.