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I'm putting all my savings into bitcoin!
psoesm(Topic Creator)Posted 5/31/2011 5:47:35 PM | "Is this backed by gold and silver?"
No. Nintendo stopped printing copies a while ago.
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FreeMarket3: It only does everything
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battouryePosted 6/1/2011 12:53:29 PM | bitcoins are pretty useful on the...lesser known markets.
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Fools think there are good and bad guys in intl. relations.-Terran
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Darkman124Posted 6/1/2011 1:04:25 PM | OMGWTFPIE posted...
From: ncalvin | #013
This coming from OMGWTFGOLDWILLGOUPFOREVER
Yes, that is in fact exactly what I said. Gold will never go down. Ever.
/fatneckbeard
From: sthater | #019
Wow... I'm actually agreeing with you. It does seem like people have this idea that there's some clear cut way to predict what will succeed(both on the stock market and just business in general) and there just isn't. In the end there's just no real way to predict what's going to succeed. You can make general statements about the way an industry is moving and act in accordance to help your chances but even with research some things fail.
Right. The reason I got into the stock market was because I realized that if I do my research before investing, the odds are in my favor to make money as opposed to, say, a lottery ticket. In fact the average American investor makes an 8% return, which is much better than the typical 0.5% return from a savings account.
I'd wager your account has less than 20% of assets in commodities
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Life is not a zero sum game. |
Master MateriaPosted 6/1/2011 1:42:01 PM | It is a neat concept, but I have no faith in it. Early adopters will do well, others will lose.
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OMGWTFPIEPosted 6/1/2011 3:07:06 PM(edited) | Darkman124 posted...
OMGWTFPIE posted...
From: ncalvin | #013
This coming from OMGWTFGOLDWILLGOUPFOREVER
Yes, that is in fact exactly what I said. Gold will never go down. Ever.
/fatneckbeard
From: sthater | #019
Wow... I'm actually agreeing with you. It does seem like people have this idea that there's some clear cut way to predict what will succeed(both on the stock market and just business in general) and there just isn't. In the end there's just no real way to predict what's going to succeed. You can make general statements about the way an industry is moving and act in accordance to help your chances but even with research some things fail.
Right. The reason I got into the stock market was because I realized that if I do my research before investing, the odds are in my favor to make money as opposed to, say, a lottery ticket. In fact the average American investor makes an 8% return, which is much better than the typical 0.5% return from a savings account.
I'd wager your account has less than 20% of assets in commodities
I don't have anything in commodities right now, because I'm waiting for another couple months before I make a 401(k), given that my company doesn't match anything until after 1 year of employment.
Right now all I have is shares in Oracle. I'm quite happy with my limited portfolio, although of course I'd love to have more than a few thousand bucks to invest. Then I could make an actual diversified portfolio.
EDIT: That being said, I still follow a large number of stocks so I'm ready to make a reasonable portfolio. I'm leaning heavily toward tech stocks, some manufacturing stocks, and probably about 20-25% in various commodities such as corn, oil, and gold.
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Maybe it's time you looked at yourself and stop blaming life on someone else.
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