Wow this month has been brutal on Stock Market
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Yes, I agree, it's very good. They upped it to 8% when they did away with pensions/retirement pay. I'm cool with that as I've always thought retirement should be the responsibility of the employee and not the company. Burden the company with too many pensions and they won't be able to survive... everyone loses.
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To play a safe bet I would put your money in a low fee wide range index fund that is tied to the S&P500. that way you are relatively shielded from big slides because the fund is very diversified in larger companies so in tough times some will fall, some will stay neutral, some will rise, but ultimately, you aren't getting hammered because they balance each other out.
The biggest mistake a lot of people make who are just getting into investing on their own is to try to time the ups and downs of a single stock and they end up being wrong much more often than right and they lose their money. This is why a majority of people are better off just allowing a firm to invest for them because then rash decisions aren't made during trying times.
If you've got a good chunk of change, buy a few low fee widely diversified index funds and think long-term. Don't buy/sell whenever the market moves, just add whatever discretionary funds you have at the end of each month and over the course of a decade you are nearly guaranteed to do well. Don't try to be a day trader or a swing trader, it's very difficult, you aren't going to be the Wolf of Wall St. so be satisfied with small gains that add up over time.Leave a comment:
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Well, that's what the market is... legalized gambling. So, either do a lot of homework or invest in something tangible like real estate. Or just play it safe and get a Schwab account, tell them your desired retirement date, and let them manage it for you. Depending on your date... they'll start out more aggressive and get more and more conservative the closer it gets.
I try to stay out of the market save for our 401k which has an 8% salary match so we contribute the max (when we can). 100% return is hard to turn down.
I am no expert so take the above with a grain of salt. I have done enough reading though to know that if it weren't for the company matching I wouldn't have any money in the market. I've had relatives do really well, others lose their shirt, and others just taking 1-4% growth over the long haul diversifying in large/conservative funds...Leave a comment:
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Anyone have any suggestions for getting started in this stuff? I have had a significant amount of money (I think its a lot, others disagree) sitting in a no-interest savings account for almost a decade and I would love to find some way to earn from it, but I'm just not sure what to do and scared because I know I am an easy target for getting ripped off.
I have no experience with gambling at all, Vegas type or the business world, desperately need some sort of mentor.Leave a comment:
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Nope all my energy / oil holdings are still far higher then when acquired...... I am more concerned with day to day lively hood as many of those companies are customers I work for, and them being in.the poor house liquidity wise means less work for meLeave a comment:
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Oil is definitely a sketchy situation right now, a whole bunch of factors playing there right now. However, if you own stock in a big oil company, I don't think you are in trouble of losing your ass over the long run.Leave a comment:
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What about when oil stays low for the next two years due to high supply side and those companies go belly up?Leave a comment:
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None of you are going to retire anytime soon, so I wouldnt worry...
Buy E30s and hold them for the long termLeave a comment:
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i wish i had the ability to buy a bunch in oil commodities and diversify on companies that have dipped alot in the past couple weeks and sell off in the summer.Leave a comment:

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