 My 401K invsmnts are mod. aggressive (50% stock, 30 intl stock and 20 fixed income). Down 9%, should I change |
| My 401K is down 9% and the ecomony has me worried. I'm mid 40s and was wondering if I should scale back to a more conservative investment strategy over the next 2 quarters or "stay the ... |
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 What is this stock market term again? |
| It's the time of year. 4 times a year i think. when all the companies release their reports on how they did in the past season? thanks for answers.... |
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 What should i invest in?good time to buy shares? |
| at this moment in time? whats best wya to make money ... |
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 Is dollar cost averaging an approach that works well in a bear market? |
Is the any adjustment that one should make to this approach in a bear market?
Additional Details
My timeline is still 35 years, so my goals are relatively long term.... |
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 Will the price of gold continue to go up? |
| I was wondering if anyone could make an educated prediction on weather or not the price of gold will continue to go up? If so can someone please state why and please only respond with serious answers.... |
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 Why do people pay for stock pick information? |
If the stock "picks" are real or correct why would you tell anybody. The same goes for get rich quick scams - if it worked why don't THEY do it.
IBD 100 picks this week:
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 I want to buy share within 5000 rupees. which type of shares should i buy??? |
i want to buy share within 5000 rupees. which type of shares should i buy???
which company now is good???... |
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 Where on the internet can I do practice trading? |
| Where can I do some practice trading (where I monitor real stocks but don't I don't put in any of my money yet)? I just "paper trade", but do it as if it is real online trading.... |
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 A million dollars or family witch would you chose? |
Additional Details
I would defenetly chose family!! No amount of money can buy ... |
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 Can somebody tell me what the point is to a stockbroker? |
Sure they make money for you during a bull market, but than they lose it all and more when the bear comes a calling
So what is the point to their existence?... |
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 Any advice on how to get into the online FOREX market,and or/other online trading markets? |
| I'm wanting to b able to control trades,with only a small amount of $ to begin with.Hopefully I can gain an understanding of trading online,my present day earning potential isn't that great,... |
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 How can i get low interest loans for a very profitable business ? |
Additional Details
from bank i have already tried they are expecting some colateral securities so i am expecting money depending on my business who is ready to pay money for me?... |
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 Fidelity, T Rowe Price or Vanguard for Roth IRA? |
| I am planning to open a Roth IRA before this year ends, I’m 25 year-old and plan to invest in one of those target date retirement, is that a good idea or should I make up my own portfolio consisted ... |
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Sisyphus | How many people providing investment advice in this section are actually millionaires? |
Someone on TV once said "don't take financial advice from someone who's not a millionaire". It seems to make sense. Of course, all of us are 'some-future-day' millionaires and we have the right formula, we just need a bit of time before we prove ourselves right. But who needs the evidence when the theory's so sound? |
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Net Advisor
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I would say zero is the answer.
With the exception of low level millionaires, those worth under $5-10 million (net worth including their real estate holdings) who also often hawk seminars, tend to say this to sell their books and programs.
The very wealthy take advice from people who have the time and understanding on complex market issues. One does not have to be wealthy to learn this, and even if one was wealthy, wealth does not equal intelligence, nor does wealth come with wisdom. |
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HandyMan
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If you were a millionaire, would you hang around on YA, or would you be off having a life somewhere?
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raysor
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none. I am not sure that is criteria for giving investment advice |
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Nick Z
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Even Warren Buffett wasn't a millionaire all his life. He started with a lot less than a million dollars.
But investment advice is seldom a good thing to give or to take. Because investors need to understand their own investment strategy in intimate detail in order to make good judgements and good decisions. And not everyone's investment strategy is the same.
A day-trader for example will do very poorly if he tries to select stocks like Warren Buffett does. Because these stocks often don't have much volatility. And volatility is what a day-trader needs. And there are many other examples like that. |
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monstrous predator
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rich people do not generally give advice. they receive advice on payment. So the morale of the story is, the person giving u advice is making money(whether advice is good or bad) |
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Clark Kent
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Millionaires don't necessarily make their money on the stock market. Most of them may have large amounts of stock they receive through employee stock options which allow them to buy a $ 100 stock for $10 or some other discounted price.
My total net worth is over $ 1 million, but only a small part of it came from gains on the stocks I've bought. |
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Yoho
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Most millionaires are only millionaires because they inherited the money. Others got lucky. Only some are worth taking there advice.
About the same as non-millionaires. |
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wildbirdie
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>>> But who needs the evidence when the theory's so sound? <<<
For every complicated question, there is a solution which is obvious, simple and wrong.
Here is how one person I know became a millionaire. He took 100,000 out of his pay each year and bought government bonds. After about eight years (with the interest reinvested) he was a millionaire. This is sound advice, but, unless you are an attorney making over 250,000 per year, like he is, this advice isn't of much practical use.
I also know someone who has over a million dollars in stock (a distant relative). He's constantly giving his opinion on the market to anyone and everyone. The truth is, he doesn't have a clue. He inherited it all.
And then there are people like me who trade all day, but don't have a million dollars because they aren't accumulating it. The profits are how I make a living and I take money out all the time to cover living expenses. (Sometimes I go outside and pick up branches that a storm has blown down so they won't get in the way of my lawn service. Sometimes I want to take a break from looking at charts online and jump over to Yahoo Answers just to look at something different on my screen.)
Who should you look to for advice?
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Gallard E
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zero would be a safe guess
and anyone around here claims to be knowledgeable about economy should be ignored... what a bunch of sound bite fed fakes. |
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JohnGalt
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Whats your question? I thought I knew until I read the rest of your posting. It sounds more like a statement that everyone's advice is equally good than any real question. |
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