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#1
10-10-2008, 04:46 AM
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Anyone understand stocks and investments?
I know this look slike russian spam, but no, its me. I was wondering if the current state of things made it an ideal time to start buying stock. Some big companies are finally affordable, and will probably come out of this relatively unscathed, so this seems like it would be a good time to get the "coke" stock before it blows up (again), is that the case?
I understand the inherent strangeness of asking financial advice on a horror forum, but there are some pretty smart people here, and the crowd is very diverse, so.... Is it? 
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#2
10-10-2008, 04:53 AM
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It IS an ideal time to start buying stock. The stock is plummeting for a LOT of the big companies and the last time this happened, the government bailed most of them out (causing shares to rise again).
The problem is that there is still an inherent gamble in it; we're not sure IF the government is going to bail out these companies or, if they DO, which ones they will bail out. Interesting that you bring up this topic. The boyfriend and I were discussing the same last night. We're going to open an ETRADE account and purchase a bunch of shares of a particularly big name... But, again, it's still a gamble.
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#3
10-10-2008, 04:57 AM
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So dont dump everything into stocks, dont risk more than you can afford. :)
Which is pretty much the regular rule of thumb anyway. Cool. I guess the next thing we need to do is find a budget that works for us...
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#4
10-10-2008, 05:03 AM
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Yeah, that's our plan.
We've already picked our investment and what we're willing to spend. We're splitting it down the middle, but the amount we're putting in is something that both of us can afford individually and wouldn't kill us if we lost it.
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#6
10-10-2008, 05:31 AM
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Quote:
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#7
10-10-2008, 05:42 AM
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well, from what i've been hearing - stocks that have been stable for ever ..
there isnt a lot of growth - but you sacrifice that for safety. unless you're an informed gambler - then you can grab lowball stock and pray that it goes back up after the recession..
__________________
You make stupid look smart.
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#8
10-10-2008, 05:47 AM
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Stocks are really risky unless you really know what you're doing. If you want to gamble your money, go to vegas, you'll have more fun and probably win more.
__________________
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#9
10-10-2008, 05:52 AM
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I have never had much intrest in stocks...never fully understood them much either.I'm am really careful with my money and i hate taking risks,which is why i usually keep mine in the bank.I started my kids college funds already,by the time they are going to college who knows what that will cost.Good luck with your decision on this:)
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#10
10-10-2008, 06:14 AM
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Quote:
lets say you have another 6 by the time you're 30 .. I figure you'll need about 1.5 million to get them all through post secondary education :)
__________________
You make stupid look smart.
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