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Onderwerp: Is the USA Collapsing?

2009-02-19 22:05:09
brion1234 [del] naar Iedereen
Bailouts, scandals, wars, corruption and payoffs...
(gewijzigd)
2009-02-19 23:58:52
...sounds like a thursday to me...
2009-02-20 00:04:07
Maybe its cause I only got one bump in training this week?
2009-02-20 00:04:34
Sex, drugs and Rock n Roll?
2009-02-20 00:46:24
Your so 80s....
2009-02-20 01:42:07
stock market is lookin good to me, im going to reap the benefits
(gewijzigd)
2009-02-20 01:49:05
Did you know that the number 1 supplier of oil to the USA is Canada?
2009-02-20 04:12:18
Yep i'm working on a project with the canadian Oil Sands up in Alberta Canada. We're designing a 1200MW power plant for them, to extract and refine the oil sands. Get this the cost of extraction and purification is about $40 per barrel and they are selling each barrel at $90+.
Talk about double digit profits.

FRO, I agree with you, the stock market is the way to go. When everyone was going crazy with buying china stocks, i was quietly shorting STV and CHNR and looking at those stocks now make me happy :)))

What sectors are you looking into?
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2009-02-20 19:38:02
well im new to the investing world, im 22, just graduated (ME) and got a job late last year so the whole having money thing is still new to me

that being said ive just been thoroughly educating myself about the topic. so having only started right now, im looking forward to the shyt hitting the fan really hard creating a great starting point, the system being cleansed, and doing something as simple as riding the S&P train for hopefully a really long bull market

any thoughts/advice from old people are welcome
2009-02-21 01:09:32
IMHO, it's going to be rough for a few years, but I see it as a buying opportunity that will not repeat itself in our lives...
2009-02-21 01:20:06
sicky
2009-02-21 02:20:05
marry, bang, kill?
2009-02-21 14:38:09
whatever....
2009-02-21 15:49:14
I'm only 4 years older than you and i've been investing since i was 18. So being 22 is a good time to start, cause there are people out there who are in their 30's or 40's and the only thing they know about the stock market is that it's in deep trouble.

My advice (since i'm "old people) on the Stock Market is for you to read, read , read and invest even if all you have is $1000. I have a library of books which i could suggest, sk-mail me if you are interested.

The most basic rules are,

1. Dont ever invest based on "stock tips" from anyone. You'll get crushed
2. Read the Quarterly and Annual reports (10k) of the company you plan to invest in.
3. Know how they make money, what outside factors or influence will affect ther profit margin (PM)
4. Read between the lines of their cashflow and balance sheets (from the 10k) to watch for declining EPS, possible debt problems, quarterly growth or drop..etc

5. Know the CEO of your company, his track record in the business. i.e which company was he at before and did he make them high flyers or tank the company.

6. Have a good understanding of your buy and sell point- This is VERY crucial. Don't ever get married to your stock, always treat them like GF's or Bf's ( whatever your sexual preference is :)). Be prepared to dump them as soon as the go below your sell point if the fundamentals are not strong. Sometimes your stock will dip because of market conditions, like the conditions now for an example.

7. Always buy leaders in the the industry and my rule is to never buy a stock below $10 in the Nasdaq and $15 in the S&P. MOST of the time those stocks a virgins and unproven.... Yes sometimes you might catch one below that amount that will make you a millionaire but taking stupid risked like that will get you living in a cardboard box sooner than you can say "What Tha Heck...."

These are rules that i invest by, other people may have different ideas.

Anyway like i said i graduated with and EE degree and i only did that cause i liked it. My plan in 10-12 years is to have my own investing business...we'll see how things go from now till then.

And from my experience, one can make money in any market. You just have to know what you're doing, i went through the dotcom era in 2000/2001 when i was just starting out. So i started when things were bad and did just fine. Never worked a day in the 4.5 years i was in college and paid for everything through investing. The only time i worked was when i was interning at a company called FESTO in 2004, and that was to gain experience in EE.

Hope this helped some of you and bored the rest of you.
(gewijzigd)
2009-02-21 17:02:25
Is the USA collapsing ??

Yes, because you like investing more then doing real job/real values
(or because you are lazy to work) :-D :-D :-D
2009-02-21 17:13:15
whos this rump guy