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Old 29-09-2008, 23:40   #1
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Hey 15 Percenters!

For all you guys out there that chime in on the finance threads claiming to make 15% returns, how come you didn't tell me to get out of the market On Friday?

Jeez! Boat kitty got whacked for about 4% in one day!

The more I save the poorer I get.

I know, I know... It's a buying opportunity!
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Old 29-09-2008, 23:53   #2
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Yah, not sure who would have money in the Yankee dollar. I took all of my assets and portfolio out of the US dollar nearly 10 years ago. Half of my portfolio is pegged with the English pound and/or Euro and mostly in gold/silver.. I can tell you right now, get all of your money into commodities..

That's been the bulk of my investments and I've been able to retire very early. I just now work for fun and for the boat to purchase.
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Old 30-09-2008, 00:30   #3
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You should have been out months ago. I was but then I'm a chicken.

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I would think being on the sidelines at the moment is the way to go. Commodities have been showing some weakness and may tank if the (poop) deepens.

Mike
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Old 30-09-2008, 01:06   #4
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Quote:
Originally Posted by Ex-Calif View Post
For all you guys out there that chime in on the finance threads claiming to make 15% returns, how come you didn't tell me to get out of the market On Friday?

Jeez! Boat kitty got whacked for about 4% in one day!

The more I save the poorer I get.

I know, I know... It's a buying opportunity!

Perhaps because we had a 113 straddle on the Dow and made 150% on the option?

My point is I don't recall anyone saying they had a long or short position or what instrument(s) they used.
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Old 30-09-2008, 01:33   #5
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Hi whimsical, The only commodities that I've been involved with was is gold/silver. And I bought the bulk of that over 15 years ago. They have served me VERY well.. Even if they do show some weakness, I've already made nearly 5X the original price.. So, it's all good on this end but it does suck for most of my family that are involved with other markets..
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Old 30-09-2008, 04:30   #6
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I've put all my money into West System.
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Old 30-09-2008, 13:47   #7
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I have been preaching Gold and Silver for years now, but lately with all the gun control talk, I have recommended buying LEAD.
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Old 07-10-2008, 13:02   #8
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I've put all my money into West System.



At least nearly all it seems
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Old 10-10-2008, 23:48   #9
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Read your investing history books and you will find that extremely few people consistently beat the market over long periods of time. Those who do have lunch dates with Buffet, get flooded with corporate board seat offers, and wouldn't have the time to spend 2 minutes posting on a board like this.

It's a challenge for the average investor just to match the markets long term average gains. Long term is the operative phrase here
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Old 11-10-2008, 08:20   #10
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Old 11-10-2008, 17:17   #11
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Dan, did I read that you where a realtor at one time? If so, you should have known that Land is the best investment. And right now is the time to buy. Get back from Singapore and start buying some of those forclosed homes in California.
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Old 11-10-2008, 20:11   #12
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Did someone say real estate? How about a 3 bedroom / 2 bath house in SW Florida for $35,000? We peaked in August of 2005 and crashed about December 2005. That was a long time ago. Things might be begining to turn. No promises, but here’s what MSNBC had to say:

http://www.msnbc.msn.com/id/22425001/vp/27087106#27087106
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Old 11-10-2008, 22:23   #13
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Get back from Singapore and start buying some of those forclosed homes in California.
Would that be schooner rig or ketch rig?

No more houses for me. No wasn't a realtor. Wife was though.
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Old 12-10-2008, 02:19   #14
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Read your investing history books and you will find that extremely few people consistently beat the market over long periods of time. Those who do have lunch dates with Buffet, get flooded with corporate board seat offers, and wouldn't have the time to spend 2 minutes posting on a board like this.

It's a challenge for the average investor just to match the markets long term average gains. Long term is the operative phrase here

I suppose if one were to trade, intraday, just one unleveraged asset class (equities), using a discretionary trading plan … then, yes, that would be true.
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