[stockstradr]

Here’s the advice I gave co-workers who were essentially in similar situation. Like countless Americans their 401K/ROTHs were down 40+ percent.

Those are the same co-workers who had received a FIRST and last email from me giving them unsolicited advice on stocks. I sent them that email within THREE DAYS of the Oct 2007 market peak and that email warned them a horrible year was coming for the stock market, and that they should please consider selling all stocks. I told them I was only writing because I hate to see good friends lose money on stocks.

None of them followed my advice (why would they follow unsolicited investment advice anyway), but a year later they remembered that odd email was perfectly timed, and would have saved them hundreds of thousands each.

So a couple months ago several of them asked me (too late) “how do I recover the value of my now trashed 401K?”

It is a fact that I told them: I’m guessing like everyone, and I’m not a financial adviser. But I play one on Piggington.com! Anyway, i recommend you dump everything near the top of the next Fool’s Rally. I think it will top at about 1100, but I think you should dump your mutual funds when you see the S&P500 hit 1,000, just to be safe. Then wait until the market drops again to at least 750 and oil is below $50/bbl, and then buy oil stocks, and also buy gold when it is under $720/ounce.

After I told them that, the markets did have one rally left that took the S&P500 up to 1,000. Glad I told ’em to sell at 1,000 because markets never made it to 1,100.

I doubt this stinking market has another rally in it that will take the S&P500 up to 1,000. This last week’s Fool’s Rally only made it to 900.

I kinda think you gotta trade out of stocks whenever you can, then look for a good entry point to trade into oil and gold. Then hold those long-term. That’s one of the more certain paths to recover your lost riches, but expect to wait 3 to 5 years before both oil and gold are multiples of today’s prices. I also think some international markets (China, for example) will be smart to buy into at their bottom. Yet, I think the bottom of markets like the Chinese stocks is still probably 6-9 months away.

I’m sure we’ll see US stocks slide to 600 or below on the S&P500 by next year. International markets have not bottomed yet either, but some are close. So you want to get the hell out of stocks.

[stockstradr]

Here’s the advice I gave co-workers who were essentially in similar situation. Like countless Americans their 401K/ROTHs were down 40+ percent.

Those are the same co-workers who had received a FIRST and last email from me giving them unsolicited advice on stocks. I sent them that email within THREE DAYS of the Oct 2007 market peak and that email warned them a horrible year was coming for the stock market, and that they should please consider selling all stocks. I told them I was only writing because I hate to see good friends lose money on stocks.

None of them followed my advice (why would they follow unsolicited investment advice anyway), but a year later they remembered that odd email was perfectly timed, and would have saved them hundreds of thousands each.

So a couple months ago several of them asked me (too late) “how do I recover the value of my now trashed 401K?”

It is a fact that I told them: I’m guessing like everyone, and I’m not a financial adviser. But I play one on Piggington.com! Anyway, i recommend you dump everything near the top of the next Fool’s Rally. I think it will top at about 1100, but I think you should dump your mutual funds when you see the S&P500 hit 1,000, just to be safe. Then wait until the market drops again to at least 750 and oil is below $50/bbl, and then buy oil stocks, and also buy gold when it is under $720/ounce.

After I told them that, the markets did have one rally left that took the S&P500 up to 1,000. Glad I told ’em to sell at 1,000 because markets never made it to 1,100.

I doubt this stinking market has another rally in it that will take the S&P500 up to 1,000. This last week’s Fool’s Rally only made it to 900.

I kinda think you gotta trade out of stocks whenever you can, then look for a good entry point to trade into oil and gold. Then hold those long-term. That’s one of the more certain paths to recover your lost riches, but expect to wait 3 to 5 years before both oil and gold are multiples of today’s prices. I also think some international markets (China, for example) will be smart to buy into at their bottom. Yet, I think the bottom of markets like the Chinese stocks is still probably 6-9 months away.

I’m sure we’ll see US stocks slide to 600 or below on the S&P500 by next year. International markets have not bottomed yet either, but some are close. So you want to get the hell out of stocks.

[stockstradr]

Here’s the advice I gave co-workers who were essentially in similar situation. Like countless Americans their 401K/ROTHs were down 40+ percent.

Those are the same co-workers who had received a FIRST and last email from me giving them unsolicited advice on stocks. I sent them that email within THREE DAYS of the Oct 2007 market peak and that email warned them a horrible year was coming for the stock market, and that they should please consider selling all stocks. I told them I was only writing because I hate to see good friends lose money on stocks.

None of them followed my advice (why would they follow unsolicited investment advice anyway), but a year later they remembered that odd email was perfectly timed, and would have saved them hundreds of thousands each.

So a couple months ago several of them asked me (too late) “how do I recover the value of my now trashed 401K?”

It is a fact that I told them: I’m guessing like everyone, and I’m not a financial adviser. But I play one on Piggington.com! Anyway, i recommend you dump everything near the top of the next Fool’s Rally. I think it will top at about 1100, but I think you should dump your mutual funds when you see the S&P500 hit 1,000, just to be safe. Then wait until the market drops again to at least 750 and oil is below $50/bbl, and then buy oil stocks, and also buy gold when it is under $720/ounce.

After I told them that, the markets did have one rally left that took the S&P500 up to 1,000. Glad I told ’em to sell at 1,000 because markets never made it to 1,100.

I doubt this stinking market has another rally in it that will take the S&P500 up to 1,000. This last week’s Fool’s Rally only made it to 900.

I kinda think you gotta trade out of stocks whenever you can, then look for a good entry point to trade into oil and gold. Then hold those long-term. That’s one of the more certain paths to recover your lost riches, but expect to wait 3 to 5 years before both oil and gold are multiples of today’s prices. I also think some international markets (China, for example) will be smart to buy into at their bottom. Yet, I think the bottom of markets like the Chinese stocks is still probably 6-9 months away.

I’m sure we’ll see US stocks slide to 600 or below on the S&P500 by next year. International markets have not bottomed yet either, but some are close. So you want to get the hell out of stocks.

[stockstradr]

I see I’m getting some confirmation my tastes in low buck wines are not that far off.

1) Yellowtail: yes, I with you on the Shiraz being the best tasting variety that Yellowtail offers, especially at that Costco price. We go through a couple bottles of that Shiraz a week (four adults living in my home)

2) I completely agree that two buck Chuck is UNDRINKABLE

3) Thanks for the tip on the Blackstone White Label. I’ll have to try that.

4) Thanks also for the tip on the cameron hughes wines

[stockstradr]

I see I’m getting some confirmation my tastes in low buck wines are not that far off.

1) Yellowtail: yes, I with you on the Shiraz being the best tasting variety that Yellowtail offers, especially at that Costco price. We go through a couple bottles of that Shiraz a week (four adults living in my home)

2) I completely agree that two buck Chuck is UNDRINKABLE

3) Thanks for the tip on the Blackstone White Label. I’ll have to try that.

4) Thanks also for the tip on the cameron hughes wines

[stockstradr]

I see I’m getting some confirmation my tastes in low buck wines are not that far off.

1) Yellowtail: yes, I with you on the Shiraz being the best tasting variety that Yellowtail offers, especially at that Costco price. We go through a couple bottles of that Shiraz a week (four adults living in my home)

2) I completely agree that two buck Chuck is UNDRINKABLE

3) Thanks for the tip on the Blackstone White Label. I’ll have to try that.

4) Thanks also for the tip on the cameron hughes wines

[stockstradr]

I see I’m getting some confirmation my tastes in low buck wines are not that far off.

1) Yellowtail: yes, I with you on the Shiraz being the best tasting variety that Yellowtail offers, especially at that Costco price. We go through a couple bottles of that Shiraz a week (four adults living in my home)

2) I completely agree that two buck Chuck is UNDRINKABLE

3) Thanks for the tip on the Blackstone White Label. I’ll have to try that.

4) Thanks also for the tip on the cameron hughes wines

[stockstradr]

I see I’m getting some confirmation my tastes in low buck wines are not that far off.

1) Yellowtail: yes, I with you on the Shiraz being the best tasting variety that Yellowtail offers, especially at that Costco price. We go through a couple bottles of that Shiraz a week (four adults living in my home)

2) I completely agree that two buck Chuck is UNDRINKABLE

3) Thanks for the tip on the Blackstone White Label. I’ll have to try that.

4) Thanks also for the tip on the cameron hughes wines

[stockstradr]

The dollar is toast. The Fed ponzi scheme is almost up.

I give arraya credit for posting the quintessential answer in this thread. Of course, only flaw in the arraya post is that USA will NOT directly default on debt when we own the printing press for the currency of denomination of that debt. We will indirectly default by printing money to devalue our currency, thereby paying back the debt with ever more worthless currency.

[stockstradr]

The dollar is toast. The Fed ponzi scheme is almost up.

I give arraya credit for posting the quintessential answer in this thread. Of course, only flaw in the arraya post is that USA will NOT directly default on debt when we own the printing press for the currency of denomination of that debt. We will indirectly default by printing money to devalue our currency, thereby paying back the debt with ever more worthless currency.

[stockstradr]

The dollar is toast. The Fed ponzi scheme is almost up.

I give arraya credit for posting the quintessential answer in this thread. Of course, only flaw in the arraya post is that USA will NOT directly default on debt when we own the printing press for the currency of denomination of that debt. We will indirectly default by printing money to devalue our currency, thereby paying back the debt with ever more worthless currency.

[stockstradr]

The dollar is toast. The Fed ponzi scheme is almost up.

I give arraya credit for posting the quintessential answer in this thread. Of course, only flaw in the arraya post is that USA will NOT directly default on debt when we own the printing press for the currency of denomination of that debt. We will indirectly default by printing money to devalue our currency, thereby paying back the debt with ever more worthless currency.

[stockstradr]

The dollar is toast. The Fed ponzi scheme is almost up.

I give arraya credit for posting the quintessential answer in this thread. Of course, only flaw in the arraya post is that USA will NOT directly default on debt when we own the printing press for the currency of denomination of that debt. We will indirectly default by printing money to devalue our currency, thereby paying back the debt with ever more worthless currency.

[stockstradr]

Regarding buying physical gold…obviously the smart money inside and outside this forum is bullish on gold LONG-TERM; however, early on in this forum at least two separate “camps” emerged as to WHEN it is best to start placing long bets in anticipation of the BIG move in gold pricing.

One camp decided to buy gold early and hold looking for that big move. I recall that over six months ago some in that camp were already buying significant amounts of gold (and holding it). And in some cases they paid $900 or more per ounce.

A second camp believed that at least for the short-term (read: during the emerging chaos of the financial crisis into the deflationary pressures of the recession, prior to the dollar collapsing) gold would be somewhat unpredictable on pricing (and yet still trade within a narrow band).

The second camp also believed that those same short-term market forces would create far more lucrative opportunities for making money in other areas such as the incredible index volatility offering one-in-lifetime chance to make big money on futures, options on the indexes. Also we had the anticipated crash in oil prices that could be shorted. Not that the second camp wasn’t willing to make some money on quick in/out trades on gold, but the second camp wasn’t YET ready to buy and HOLD gold looking for the BIG move in gold.

Now I claim that thus far the second camp has been proven right, and some of us in the second camp have made really good money by staying out of gold and instead trading the incredible volatility the stocks markets have offered.

Now the Million Dollar Question is WHEN will gold start its anticipated ascent to stratospheric heights?

I don’t really know..but I’m starting to get the instinct that now is time to JUMP into gold at the next entry point ($710/ounce ?) and finally at last buy to hold it long; otherwise, I might just miss out on that big move.

[stockstradr]

Regarding buying physical gold…obviously the smart money inside and outside this forum is bullish on gold LONG-TERM; however, early on in this forum at least two separate “camps” emerged as to WHEN it is best to start placing long bets in anticipation of the BIG move in gold pricing.

One camp decided to buy gold early and hold looking for that big move. I recall that over six months ago some in that camp were already buying significant amounts of gold (and holding it). And in some cases they paid $900 or more per ounce.

A second camp believed that at least for the short-term (read: during the emerging chaos of the financial crisis into the deflationary pressures of the recession, prior to the dollar collapsing) gold would be somewhat unpredictable on pricing (and yet still trade within a narrow band).

The second camp also believed that those same short-term market forces would create far more lucrative opportunities for making money in other areas such as the incredible index volatility offering one-in-lifetime chance to make big money on futures, options on the indexes. Also we had the anticipated crash in oil prices that could be shorted. Not that the second camp wasn’t willing to make some money on quick in/out trades on gold, but the second camp wasn’t YET ready to buy and HOLD gold looking for the BIG move in gold.

Now I claim that thus far the second camp has been proven right, and some of us in the second camp have made really good money by staying out of gold and instead trading the incredible volatility the stocks markets have offered.

Now the Million Dollar Question is WHEN will gold start its anticipated ascent to stratospheric heights?

I don’t really know..but I’m starting to get the instinct that now is time to JUMP into gold at the next entry point ($710/ounce ?) and finally at last buy to hold it long; otherwise, I might just miss out on that big move.

[Author]

Posts