OT: will this be you in your "golden" years?

On 9/24/2013 8:10 PM, snipped-for-privacy@krl.org wrote:


before others have the same info. That is not investing. Investing is figuring out which companies are well managed and therefore are going to prosper. Then
buying the stock and holding it until you think that something has changed and the company is no longer well managed. I have owned most of my stocks for decades. A few milliseconds is not going to matter when a stock is held for over twenty years.

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None of this matters, if you plan on owning stocks for at least a few months.
i
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On 9/24/2013 7:30 PM, F. George McDuffee wrote:

Where you have envy and selfish ambition, there you find disorder and every evil practice.
James 3:16 (NIV)
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I don't have the data to prove what I am about to write. But, I think it's very possible the rising S and P is due to the Federal Reserve inflating the money supply. And the various bail outs and stimulus.
The adjusted value of the stock isn't growing much at all. That's my guess.
. Christopher A. Young Learn about Jesus www.lds.org .

from 1450 to 1700. That is a 17% return. Somewhat better than the rate of inflation.

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On 9/25/2013 2:52 AM, Stormin Mormon wrote:

Completely concur.
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A pleasure to meet you, doctor.
Now, to call the meeting to order. I think we've all had a chance to examine the economy and the state of the nation. We've round general malaise, inability to work, and disregard for the Constitutional regimen the patient should be following. I propose to the committee that we proceed with confining the patient to locked ward. For the inpatient care, we proceed with a constitutional left liberaldectomy, with no anaesthetic. After electoral removal of the cancerous liberal growth, we'll put the patient on a forced regimen of employment, tax reduction, and overall return to constitutional regimen. Do we concur on this, doctors?
. Christopher A. Young Learn about Jesus www.lds.org .
On 9/25/2013 8:35 AM, Richard wrote:

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Well now - "we" may, but congress doesn't let "us" vote on such things. :) Pity...
On 9/26/2013 6:56 AM, Stormin Mormon wrote:

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On Wednesday, September 25, 2013 3:52:43 AM UTC-4, Stormin Mormon wrote:

Depends on the company. I think you may be right on financial stocks, but do not think it is true for companies as Texas Instruments that make and sell things.
Dan
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On 9/25/2013 8:46 AM, snipped-for-privacy@krl.org wrote:

Ok. These better companise would be immune to inflation - how?
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On Wed, 25 Sep 2013 03:52:43 -0400, Stormin Mormon

<snip> ================================Making money the old-fashoned way http://en.wikipedia.org/wiki/Watered_stock
New ways to scam the market http://stanfordlawyer.law.stanford.edu/2013/06/lessons-not-learned-the-derivatives-%E2%80%A8market-and-%E2%80%A9continued-risks/
http://en.wikipedia.org/wiki/Securities_fraud <snip> Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of securities laws.[1] Offers of risky investment opportunities to unsophisticated investors who are unable to evaluate risk adequately and cannot afford loss of capital is a central problem.[2][3]
Securities fraud can also include outright theft from investors (embezzlement by stockbrokers), stock manipulation, misstatements on a public company's financial reports, and lying to corporate auditors. The term encompasses a wide range of other actions, including insider trading, front running and other illegal acts on the trading floor of a stock or commodity exchange.[4][5][6] <snip> Accountant fraud Further information: Accounting scandals
In 2002, a wave of separate but often related accounting scandals became known to the public in the U.S. All of the leading public accounting firmsArthur Andersen, Deloitte & Touche, Ernst & Young, KPMG, PricewaterhouseCoopers and others have admitted to or have been charged with negligence to identify and prevent the publication of falsified financial reports by their corporate clients which had the effect of giving a misleading impression of their client companies' financial status. In several cases, the monetary amounts of the fraud involved are in the billions of USD.[27] <snip>
http://en.wikipedia.org/wiki/List_of_corporate_scandals
http://www.investopedia.com/articles/00/100900.asp
http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/FraudsAndScams/
How real casinos operate. Compare and contrast with "the market." http://www.cnn.com/2013/09/24/opinion/frum-casinos-harm/
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[Stock market shenanigans]
So the market is like all other human activity and you should stay alert.
Grocery stores can ring up more than the shelf price tag, then sheepishly blame the computer when caught. I remember the prices and think I've embarrassed the local one out of that stunt. jsw
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On Wed, 25 Sep 2013 13:02:41 -0400, "Jim Wilkins"

=====================http://www.usatoday.com/story/money/business/2013/09/25/icap-fined/2867265/
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That is a reason to remain engaged and vigilant rather than dismiss and ignore the market. Of course some people will take advantage of opportunities to abuse, but they do at all levels down to yard sales. jsw
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I had a person try to charge me sales tax at a yard sale one time.
Best Regards Tom.
--
http://fija.org/





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The article forgot to mention that casinos give free alcoholic beverages to gamblers helping them in making rational decisions.
Best Regards Tom.
--
http://fija.org/


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Arriving to a casino to play does not seem to be a rational decision.
i
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The MIT Blackjack Team was a group of students and ex-students from the Massachusetts Institute of Technology, Harvard Business School, Harvard University, and other leading colleges who used card counting techniques and more sophisticated strategies to beat casinos at blackjack worldwide. The team and its successors operated successfully from 1979 through the beginning of the 21st century. Many other blackjack teams have been formed around the world with the goal of beating the casinos.
http://en.wikipedia.org/wiki/MIT_Blackjack_Team
Best Regards Tom.
--
http://fija.org/


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Neither does investing in lottery tickets, yet I know many who defend it in preference to stocks and bonds.
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On Wed, 25 Sep 2013 17:50:17 -0500, Ignoramus4074

And the free drinks encourage them to stay and lose it all.
--
Try not to become a man of success but
rather try to become a man of value.
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The easiest way to think about buying stocks is how much earnings you are buying. Right now, $100 buys you in excess of $5 in earnings if you buy an index fund. That is a number that one could be comfortable spending, as corporate earnings should not drop by too much and usually they grow a bit. Stocks will change in price every year, sometimes up and sometimes down, but spending your share of earnings should work out OK.
So, say, if you have $1,000,000 in stocks, you can withdraw about 50k per year, which is a very cool amount.
i
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