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Joined: Nov 2009
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Campfire Outfitter
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OP
Campfire Outfitter
Joined: Nov 2009
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Sell your Fool's gold and buy the S&P 500.
We are now looking at a way overdue health restoring correction. This is a gift horse buying opportunity. Don't sell the ranch but put in every investment dollar you have. Right now.
This not to say the market will not go somewhat lower but I say buy now on this magnificent opportunity and if it dips further BUY MORE.---Spano
www.paracay.comIt's better to live rich than die rich. Live simply so that I may simply live large.
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Joined: Nov 2011
Posts: 31,064 Likes: 4
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
Posts: 31,064 Likes: 4 |
Yep, time to make your shopping list and check it twice.
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Nov 2009
Posts: 10,364
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Nov 2009
Posts: 10,364 |
When investing in the Stock market I just buy the S&P or the Total Market through Vanguard. I very seldom buy individual stocks.
For the savvy there are some individual picks out there that are bargains.
www.paracay.comIt's better to live rich than die rich. Live simply so that I may simply live large.
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Joined: Nov 2009
Posts: 10,364
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Nov 2009
Posts: 10,364 |
Buying opportunity still extant but not for long...
www.paracay.comIt's better to live rich than die rich. Live simply so that I may simply live large.
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Joined: Feb 2010
Posts: 3,842
Campfire Tracker
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Campfire Tracker
Joined: Feb 2010
Posts: 3,842 |
Will the Fed screw it up? Is the Chinese government keeping a lid on the truth?
Quando omni flunkus moritati
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Joined: Nov 2005
Posts: 22,736
Campfire Ranger
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Campfire Ranger
Joined: Nov 2005
Posts: 22,736 |
If you have kept some powder dry it is a buying opportunity. But don't overdue it. The Board of Governors are in Jackson Hole this week searching for the time to announce a rate increase. Its been 0% for about 7 years. GDP +3.7%, inflation low, oil low, some tepid job growth - they may put if off 'til December?
My home is the "sanctuary residence" for my firearms.
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Joined: Mar 2011
Posts: 33,856
Campfire 'Bwana
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Campfire 'Bwana
Joined: Mar 2011
Posts: 33,856 |
And dont worry about the 35% increases in health insurance costs we will see in 2016, it will stimulate the economy. A republican president and moves to fiscal responsibility will ensure ......
The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.
If being stupid allows me to believe in Him, I'd wish to be a retard. Eisenhower and G Washington should be good company.
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Joined: Nov 2009
Posts: 10,364
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Nov 2009
Posts: 10,364 |
The Fed will probably not increase but if they do it will be 25 basis points which will not at all disturb anything.
I'm thinking the Market has a 25BP hike priced in and it will make not a noticeable ripple.
I'm betting no increase at this time.
Time to buy.
www.paracay.comIt's better to live rich than die rich. Live simply so that I may simply live large.
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Joined: Oct 2005
Posts: 16,000
Campfire Ranger
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Campfire Ranger
Joined: Oct 2005
Posts: 16,000 |
baring a total breakdown, it's pretty simple. go to cash and get maybe 25bips, or 1/4 or 1% or, pick any number of choices paying 3 to 4% and have paid dividends for years. Let me think real hard here now.
THE BIRTH PLACE OF GERONIMO
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Joined: Aug 2005
Posts: 28,266 Likes: 7
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,266 Likes: 7 |
What's the increased interest cost for a .25% increase on $18T?
It is irrelevant what you think. What matters is the TRUTH.
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Joined: Nov 2011
Posts: 31,064 Likes: 4
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
Posts: 31,064 Likes: 4 |
What's the increased interest cost for a .25% increase on $18T? The immediate cost is zero. The increased cost come later as we roll over the debt.
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Nov 2009
Posts: 10,364
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Nov 2009
Posts: 10,364 |
For the equity portion of your portfolio I suggest the Total Stock Market or the S&P 500 bought through Vanguard. Very low fees and easy to do business with.
I've been with Vanguard for 30+ years and am enjoying life in the "Land of Critical Mass".
Thank you Bob Brinker.---Spano
www.paracay.comIt's better to live rich than die rich. Live simply so that I may simply live large.
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Joined: Jan 2002
Posts: 12,879 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,879 Likes: 5 |
Buying opportunity still extant but not for long...
There will almost certainly be one more pullback, probably slightly below the last bottom, and then it'll be up from there again. That's the typical pattern. Remember,next year is an election year.
Sic Semper Tyrannis
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Joined: Nov 2002
Posts: 33,757 Likes: 6
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,757 Likes: 6 |
For the equity portion of your portfolio I suggest the Total Stock Market or the S&P 500 bought through Vanguard. Very low fees and easy to do business with.
I've been with Vanguard for 30+ years and am enjoying life in the "Land of Critical Mass".
Thank you Bob Brinker.---Spano
I am on 30 years with Fidelity with zero regrets. I retired a couple of months ago at 53 and am set and really enjoying it.
Conduct is the best proof of character.
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Joined: Aug 2009
Posts: 14,742
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2009
Posts: 14,742 |
I do whatever Kramer tells me to do.
Last edited by okok; 08/28/15.
Jed York does not own the 49ers; Russell Wilson does.
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