09-26-2008, 11:38 AM | #21 |
Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
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09-26-2008, 11:47 AM | #22 | |
White Trash Hero
Join Date: Mar 2008
Location: NW Arkansas
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The only problem with these corporations going broke is that alot of peoples money, their real money for retirement ect. was tied up in these companies stocks. This isn't a case of these folks debt disappearing, but their savings and funds they should have been using to pay their home down, payoff those credit cards were tied up with these companies stock. Some people obviously forgot that there was risk in the stock market...
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09-26-2008, 12:09 PM | #23 |
White Trash Hero
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09-26-2008, 01:25 PM | #24 | |||
Let's do another U-turn
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Location: Indiana
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1. Diversify and protect yourself so you don't have to watch your portfolio all the time. 2. Put all your eggs in one basket and keep a VERY close eye on that basket. Move it to another basket if things start to go against you. The first school of thought will keep your money fairly safe over the long term. You won't necessarily have big dollar gains, but you'll make a steady amount of money over the years. Yes, there will be downturns in the market from time to time, but if you're properly invested and follow the principals of long term asset allocation, moving your money to more conservative investments as you get closer to the time when you'll need it, you should be fine in the long run. The second school of thought can make you the most money, the fastest. But it's also much more risky. You have to do tons of research on the company you choose to put all of your money into and you have to watch it like a hawk, staying up on current events in the company and looking for any changes that can negatively affect your investment. You have to be ready to pull the plug at any time. I've seen people make a boatload of money this way. I've also seen them lose it. |
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09-26-2008, 01:25 PM | #25 |
too much time on my hands
Join Date: Jul 2008
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so its not a good time to invest my money in enron?
In any event, things arent exactly at their best in our nation. I just REALLY REALLY hope things get better soon, I dont think we can handle this kind of thing too much longer. |
09-26-2008, 01:59 PM | #26 |
White Trash Hero
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I agree Captain, the lack of diversification, the overwhelming reliance of people on the assumption that stocks are a safe, consistent , and reliable return are a big part of why we are in this shape.
The greed of the banks and investment companies are why they are so overburdened with crappy asset value and going bankrupt.
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09-26-2008, 03:08 PM | #27 | |
Letzroll
Join Date: Feb 2008
Location: Lake Norman area, NC
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Since we just bought some AIG at around $2.00 a share the other day... according to Gas Man's math the wife and I would get a few hundred thousand dollars handed to us and all I'd lose would be the $500 that we invested...good return for us. However with that plan...the AIG investors would be getting this payout as well...most would be happy about that I'm sure. |
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