Dow to 4000 ??

[anxvariety]

Is there really a diff between 6000, 4000 and 1000. Citibank is a penny stock now.. why would anything stop sliding when there is not much spending and the very dollar itself will probably be threatened. I won’t be buying. You think any sort of restructuring in these companies is going to consider the shareholders? I’ve had my shares in companies go to zero and there was really no explanation, in fact they are trading again today without me 😉

[4plexowner]

in general, stocks are for suckers – they are a rigged game and the game isn’t rigged in favor of the average investor

there are times when the average investor can do OK in stocks – now isn’t one of them

unfortunately, people in this country are bombarded with really bad advice and conveniently picked ‘facts’ about stocks:

– buy and hold
– dollar cost averaging
– stocks return 7% on average over long term

this bad advice is compounded by systems that encourage people to buy stocks and hold them for the long term:

– tax savings via 401K’s and IRA’s
– employee stock purchase plans
– company matching for stock purchases
– penalties for early withdrawal from these systems

all of these factors cause the average investor to lose money in the stock market over the long haul

~

and another significant factor: people are not allowed to go short in most of their 401K and IRA accounts – the average investor shouldn’t be shorting stocks but the fact that he isn’t allowed to do so is another indication that the game is rigged in the house’s favor (ie, keep the suckers long stocks regardless of what the market is doing)

[4plexowner]

in general, stocks are for suckers – they are a rigged game and the game isn’t rigged in favor of the average investor

there are times when the average investor can do OK in stocks – now isn’t one of them

unfortunately, people in this country are bombarded with really bad advice and conveniently picked ‘facts’ about stocks:

– buy and hold
– dollar cost averaging
– stocks return 7% on average over long term

this bad advice is compounded by systems that encourage people to buy stocks and hold them for the long term:

– tax savings via 401K’s and IRA’s
– employee stock purchase plans
– company matching for stock purchases
– penalties for early withdrawal from these systems

all of these factors cause the average investor to lose money in the stock market over the long haul

~

and another significant factor: people are not allowed to go short in most of their 401K and IRA accounts – the average investor shouldn’t be shorting stocks but the fact that he isn’t allowed to do so is another indication that the game is rigged in the house’s favor (ie, keep the suckers long stocks regardless of what the market is doing)

[4plexowner]

in general, stocks are for suckers – they are a rigged game and the game isn’t rigged in favor of the average investor

there are times when the average investor can do OK in stocks – now isn’t one of them

unfortunately, people in this country are bombarded with really bad advice and conveniently picked ‘facts’ about stocks:

– buy and hold
– dollar cost averaging
– stocks return 7% on average over long term

this bad advice is compounded by systems that encourage people to buy stocks and hold them for the long term:

– tax savings via 401K’s and IRA’s
– employee stock purchase plans
– company matching for stock purchases
– penalties for early withdrawal from these systems

all of these factors cause the average investor to lose money in the stock market over the long haul

~

and another significant factor: people are not allowed to go short in most of their 401K and IRA accounts – the average investor shouldn’t be shorting stocks but the fact that he isn’t allowed to do so is another indication that the game is rigged in the house’s favor (ie, keep the suckers long stocks regardless of what the market is doing)

[4plexowner]

in general, stocks are for suckers – they are a rigged game and the game isn’t rigged in favor of the average investor

there are times when the average investor can do OK in stocks – now isn’t one of them

unfortunately, people in this country are bombarded with really bad advice and conveniently picked ‘facts’ about stocks:

– buy and hold
– dollar cost averaging
– stocks return 7% on average over long term

this bad advice is compounded by systems that encourage people to buy stocks and hold them for the long term:

– tax savings via 401K’s and IRA’s
– employee stock purchase plans
– company matching for stock purchases
– penalties for early withdrawal from these systems

all of these factors cause the average investor to lose money in the stock market over the long haul

~

and another significant factor: people are not allowed to go short in most of their 401K and IRA accounts – the average investor shouldn’t be shorting stocks but the fact that he isn’t allowed to do so is another indication that the game is rigged in the house’s favor (ie, keep the suckers long stocks regardless of what the market is doing)

[4plexowner]

in general, stocks are for suckers – they are a rigged game and the game isn’t rigged in favor of the average investor

there are times when the average investor can do OK in stocks – now isn’t one of them

unfortunately, people in this country are bombarded with really bad advice and conveniently picked ‘facts’ about stocks:

– buy and hold
– dollar cost averaging
– stocks return 7% on average over long term

this bad advice is compounded by systems that encourage people to buy stocks and hold them for the long term:

– tax savings via 401K’s and IRA’s
– employee stock purchase plans
– company matching for stock purchases
– penalties for early withdrawal from these systems

all of these factors cause the average investor to lose money in the stock market over the long haul

~

and another significant factor: people are not allowed to go short in most of their 401K and IRA accounts – the average investor shouldn’t be shorting stocks but the fact that he isn’t allowed to do so is another indication that the game is rigged in the house’s favor (ie, keep the suckers long stocks regardless of what the market is doing)

[blahblahblah]

4plex, I have to agree with you now but I’m pained to say that I should have known this earlier. My mom warned me about a year ago that I shouldn’t have ANY retirement money in stocks and I told her that that’s just the way things work now and we don’t have much of a choice. She was born during the depression so her parents taught her that from a young age. I should have listened.

I think from here on out I’m never ever doing any of these tax-deferred investments again. I’ll just pay the taxes and put my moolah into some concrete things near here, whether it’s land or equipment or businesses or whatever. I might try that microinvesting idea, that seems like a good way to keep our money away from the worthless garbage in the “financial services” industry. What a f***ing joke.

These piece of filth worthless wall st. MBA f***ers that have stolen this country out from under us better hide and hide good because once Joe America figures out where the money went they are gonna go looking for them. Run motherf***ers, run. They should be thinking of Kurt Russell in “Tombstone” right about now…

[blahblahblah]

4plex, I have to agree with you now but I’m pained to say that I should have known this earlier. My mom warned me about a year ago that I shouldn’t have ANY retirement money in stocks and I told her that that’s just the way things work now and we don’t have much of a choice. She was born during the depression so her parents taught her that from a young age. I should have listened.

I think from here on out I’m never ever doing any of these tax-deferred investments again. I’ll just pay the taxes and put my moolah into some concrete things near here, whether it’s land or equipment or businesses or whatever. I might try that microinvesting idea, that seems like a good way to keep our money away from the worthless garbage in the “financial services” industry. What a f***ing joke.

These piece of filth worthless wall st. MBA f***ers that have stolen this country out from under us better hide and hide good because once Joe America figures out where the money went they are gonna go looking for them. Run motherf***ers, run. They should be thinking of Kurt Russell in “Tombstone” right about now…

[blahblahblah]

4plex, I have to agree with you now but I’m pained to say that I should have known this earlier. My mom warned me about a year ago that I shouldn’t have ANY retirement money in stocks and I told her that that’s just the way things work now and we don’t have much of a choice. She was born during the depression so her parents taught her that from a young age. I should have listened.

I think from here on out I’m never ever doing any of these tax-deferred investments again. I’ll just pay the taxes and put my moolah into some concrete things near here, whether it’s land or equipment or businesses or whatever. I might try that microinvesting idea, that seems like a good way to keep our money away from the worthless garbage in the “financial services” industry. What a f***ing joke.

These piece of filth worthless wall st. MBA f***ers that have stolen this country out from under us better hide and hide good because once Joe America figures out where the money went they are gonna go looking for them. Run motherf***ers, run. They should be thinking of Kurt Russell in “Tombstone” right about now…

[blahblahblah]

4plex, I have to agree with you now but I’m pained to say that I should have known this earlier. My mom warned me about a year ago that I shouldn’t have ANY retirement money in stocks and I told her that that’s just the way things work now and we don’t have much of a choice. She was born during the depression so her parents taught her that from a young age. I should have listened.

I think from here on out I’m never ever doing any of these tax-deferred investments again. I’ll just pay the taxes and put my moolah into some concrete things near here, whether it’s land or equipment or businesses or whatever. I might try that microinvesting idea, that seems like a good way to keep our money away from the worthless garbage in the “financial services” industry. What a f***ing joke.

These piece of filth worthless wall st. MBA f***ers that have stolen this country out from under us better hide and hide good because once Joe America figures out where the money went they are gonna go looking for them. Run motherf***ers, run. They should be thinking of Kurt Russell in “Tombstone” right about now…

[blahblahblah]

4plex, I have to agree with you now but I’m pained to say that I should have known this earlier. My mom warned me about a year ago that I shouldn’t have ANY retirement money in stocks and I told her that that’s just the way things work now and we don’t have much of a choice. She was born during the depression so her parents taught her that from a young age. I should have listened.

I think from here on out I’m never ever doing any of these tax-deferred investments again. I’ll just pay the taxes and put my moolah into some concrete things near here, whether it’s land or equipment or businesses or whatever. I might try that microinvesting idea, that seems like a good way to keep our money away from the worthless garbage in the “financial services” industry. What a f***ing joke.

These piece of filth worthless wall st. MBA f***ers that have stolen this country out from under us better hide and hide good because once Joe America figures out where the money went they are gonna go looking for them. Run motherf***ers, run. They should be thinking of Kurt Russell in “Tombstone” right about now…

[blahblahblah]

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