[Kenswing]

Originally Posted by Dana1963

We were fortunate to sell at the high earlier this year reinvested and bought the lows just got out of the market again yesterday. With stock buybacks Fed buying junk paper and this past month the US had the biggest monthly trade deficit ever. We’ve agreed to sit out the market for a while, made mor than we expected this year.

It's amazing how many people report how they perfectly timed the market after the fact..

[davem4616]

The stock market is the stock market...it goes up and it goes down. If you can time it...you were just lucky once or twice

IMHO if you are still depending upon the stock market at this point in your life to get by...just maybe you didn't make all the right financial moves or plan all that well

if that is the case, I hope that you make it though whatever is going to happen okay...I wish no one unhappiness or financial struggles

I'm thinking that they teach investing for your retirement in high school as a required course...or at least the power of money and time

[Stu from NYC]

Originally Posted by davem4616

The stock market is the stock market...it goes up and it goes down. If you can time it...you were just lucky once or twice

IMHO if you are still depending upon the stock market at this point in your life to get by...just maybe you didn't make all the right financial moves or plan all that well

if that is the case, I hope that you make it though whatever is going to happen okay...I wish no one unhappiness or financial struggles

I'm thinking that they teach investing for your retirement in high school as a required course...or at least the power of money and time

Wonder how many people here know what the rule of 72 is?

[Stu from NYC]

Originally Posted by Kenswing

It's amazing how many people report how they perfectly timed the market after the fact..

I like when so called investment advisers invite people for a free dinner and show them how they call all of the downturns with their super duper computer program.

Than they show you a chart of how the market does not do as well as it really does over time so you are better off with an annuity paying a guaranteed 3-4%. Of course the commission allows them to live rather nicely.

[Topspinmo]

Originally Posted by Kenswing

It's amazing how many people report how they perfectly timed the market after the fact..

Yep, probably the same ones that go to Vegas and say the broke even

[Stu from NYC]

Originally Posted by Topspinmo

Yep, probably the same ones that go to Vegas and say the broke even

My brother in law used to tell us what a great gambler he was. Always telling us he won a few thousand dollars but funny thing never did say when he lost.

[davem4616]

Originally Posted by Stu from NYC

My brother in law used to tell us what a great gambler he was. Always telling us he won a few thousand dollars but funny thing never did say when he lost.

funny how they never do talk about the losses...until they lose their home

[tvbound]

Originally Posted by skyking

New records for the S&P and NASDAQ. The Dow is next.

Dow Industrial
29,100.50 454.84 +1.59%
NASDAQ Composite
12,056.44 116.78 +0.98%
S&P 500
3,580.84 54.19 +1.54%

Oops. Is resurrecting this thread the day before the markets are having a serious correction similar to the golf announcer's curse, or does it show that this site actually has an impact on the stock markets? The Street and investment professionals want to know. lol

[Stu from NYC]

Originally Posted by davem4616

funny how they never do talk about the losses...until they lose their home

Yup. Such a sad story.

[dewilson58]

Originally Posted by Stu from NYC

Wonder how many people here know what the rule of 72 is?

That was the average life expectancy in 1974.

[Stu from NYC]

Originally Posted by dewilson58

That was the average life expectancy in 1974.

nope not even close, will give a hint and it is related to investments.

[tvbound]

Originally Posted by Stu from NYC

nope not even close, will give a hint and it is related to investments.

The "Rule of 72" doesn't really have anything to do with this thread subject, given that it is just a simple way to determine how long an investment will take to double, given an "estimated" fixed annual rate of interest. The key being that it relies on a variable, the expected ROR, to derive the number of years for that doubling and as can be seen by the gyrations of all of the markets recently - no one really knows what that variable will actually be.

[dewilson58]

Originally Posted by Stu from NYC

nope not even close, will give a hint and it is related to investments.

That was sarcasm Sheldon, sarcasm.

[Stu from NYC]

Originally Posted by tvbound

The "Rule of 72" doesn't really have anything to do with this thread subject, given that it is just a simple way to determine how long an investment will take to double, given an "estimated" fixed annual rate of interest. The key being that it relies on a variable, the expected ROR, to derive the number of years for that doubling and as can be seen by the gyrations of all of the markets recently - no one really knows what that variable will actually be.

Not just interest is taken into account.

If the stock market on average goes up say 8% a year for the past 50 years and lets say you want to have a million dollars in investments by the time you retire in 30 years it gives you an idea of how much you need to put into investments each year.

Of course in the short run the results will vary greatly.

It is a very handy tool.

[Kenswing]

Originally Posted by Stu from NYC

Wonder how many people here know what the rule of 72 is?

The number of posts you strive to make in a day?