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Irenicus

Despite the best efforts of the socialist Kenyan's to undermine capitalism, the Dow Jones hit an all time high today, indicating that either a recovery is underway or the US stock market is a bubble getting ready to burst.

 

I know nothing about stocks.  A year and a half ago I bought a bunch of shares of Coca Cola and Pepsi based not on any research but on my addiction to caffeine free diet drinks.  Suffice to say, I was lucky as hell as they have both done extremely well.

 

Yippee.

 

Being investment-challenged, I usually put most money away in mutuals after filling the IRAs.

 

So, should I sell now and diversify or keep them??  

Edited by Irenicus
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broden

put your money in jelly jars .. bury it in my yard

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ozboy

Not worth playing the stock market now as it is totally manipulated n controlled by the big boys...just cause it looks good n things are going well, along comes the big selloff cos of some hint of bad news before it even happens....i  pulled out n just put it in a cash option...not much return but dont lose either...

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Buko Beach

Despite the best efforts of the socialist Kenyan's to undermine capitalism, the Dow Jones hit an all time high today, indicating that either a recovery is underway or the US stock market is a bubble getting ready to burst.

 

I know nothing about stocks.  A year and a half ago I bought a bunch of shares of Coca Cola and Pepsi based not on any research but on my addiction to caffeine free diet drinks.  Suffice to say, I was lucky as hell as they have both done extremely well.

 

Yippee.

 

Being investment-challenged, I usually put most money away in mutuals after filling the IRAs.

 

So, should I sell now and diversify or keep them??  

Mutual funds IMO are like parking meters. You know you put money in, you know you will have to put money in again, you're never sure of exactly how much time you have left and in the end you risk a ticket and pay way more. 

 

I hate mutual funds. Once you take into account taxes, inflation and the dreaded management fees you are lucky to ekk out a small gain. I saw on a recent news segment that if a person did the investing for themselves vs if they let someone manage, the difference paid out in management fees at the age of 65 would be over 100 000USD. That's alot of cash to shell out.

 

Personally if you are thinking of jumping in when the stock markets hit new highs you are playing the game the wrong way. Many people will sit and watch a stock bottom out then go up and up and up until they can't stand it anymore and they buy in. Only to realize they bought in at the top and now the stock that was soaring has come back down to it's 200 day moving average. When the stock goes down the investor panics and they fear losing their money so they sell. They realize the loss and dream about the gain.

 

Buy things when everyone hates it and it's cheap, not when the market is soaring and breaking records. That's the key to making good money. I also believe that it's very hard to 'time' the market. So when you buy a stock, have a sell target in your mind and be prepared to buy more if the stock dips to average down so long as the fundamentals have not changed. I have made more money averaging down instead of sitting on the original investment. YMMV.

 

You know, investing is like sex. There is no right or wrong way to do it. Some invest for only seconds or minutes just to flip for small fractions. Others buy and hold for the long term. Alot of investors are somewhere in between. In the end someone always comes out with the impression of getting f*cked.  

Edited by Buko Beach
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