any tips?

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Do not abandon yourselves to despair.
We are the Easter people and hallelujah is our song.

Pope John Paul II

This is a really good time to buy stock though...

Post edited at 10:06 pm on Oct. 15, 2008 by Joep0113

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Swine Flu Crisis and Solution
Amidoin my avatar rite?

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lolbyebye$$$$

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Mmhmm

I don't have confidence in any stocks right now. The way things are going, anything can go to 0 tomorrow. "Too big to fail" doesn't seem to apply these days. The best I can do is look at the bigger trends. My plan is to buy put options on the expensive clothing stores and expensive restaurant chains which are sure to lose value in the coming months as people feel the squeeze.  There's no where to go but down for these companies.

So which market are you investing in?  Stocks?  Options?  Mutual fund?

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You create your past.

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If you can't afford to lose all the money you invest, it's probably not a good idea to invest it.  Also, things are so volatile and uncertain lately, we have to really resist panic and emotions. There's lots of money to be made (and lost) off these huge movements on the markets.  

I don't have confidence in any stocks right now.  The way things are going, anything can go to 0 tomorrow.  "Too big to fail" doesn't seem to apply these days.  The best I can do is look at the bigger trends.  My plan is to buy put options on the expensive clothing stores and expensive restaurant chains which are sure to lose value in the coming months as people feel the squeeze. There's no where to go but down for these companies.

So which market are you investing in? Stocks? Options? Mutual fund?

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I opened a mutual fund account about 6 months ago.

and I have recently done a bit of minor minor teensy investing in stocks..but I am thinking about doing a bit more. Not sure though. it seems like such a gamble.

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Do not abandon yourselves to despair.
We are the Easter people and hallelujah is our song.

Pope John Paul II