HgaleK
Distinguished Member
- Joined
- Jan 7, 2009
- Messages
- 4,337
- Reaction score
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I wouldn't touch commodities unless you really really really really want to get to know your individual markets.
I love stocks. I think they're at a great price right now for long positions. I also think it's a bad idea to buy and forget. I don't like bonds simply because I haven't studied or traded them.
My big issue with going really long is the way that the chart of the SPX looks (it's a little clearer if you use a log chart). We aren't going up at a steady rate at the moment like we were between '50 and '66 or '75 and '95. It's up/down/up/down/up. We're either going to bust out of the high and move on up, or go hard down again and then move up. That being the case, you want to make sure that you're getting fundamentally sound companies with excellent management, that put out a good dividend. It's also important to have a decent appetite for risk, loss, and learning about the market.
Gold is likely to be an excellent investment for the foreseeable near future. Silver may get a pretty jump in speculative investment, but that's just gambling. Gold is heavily overbought, but should settle down in price as the market recovers. GLD's channel range right now has it between 170 high and 140 low. If it hits 150-160, it's probably going to make you money pretty quickly (a month or two) (though it's important to realize that unrealized gains aren't gains until they're realized). Gold won't be risky until it starts exhibiting later stage bubble behavior, which is a change in growth rate.
What stocks are you looking at buying?
I love stocks. I think they're at a great price right now for long positions. I also think it's a bad idea to buy and forget. I don't like bonds simply because I haven't studied or traded them.
My big issue with going really long is the way that the chart of the SPX looks (it's a little clearer if you use a log chart). We aren't going up at a steady rate at the moment like we were between '50 and '66 or '75 and '95. It's up/down/up/down/up. We're either going to bust out of the high and move on up, or go hard down again and then move up. That being the case, you want to make sure that you're getting fundamentally sound companies with excellent management, that put out a good dividend. It's also important to have a decent appetite for risk, loss, and learning about the market.
Gold is likely to be an excellent investment for the foreseeable near future. Silver may get a pretty jump in speculative investment, but that's just gambling. Gold is heavily overbought, but should settle down in price as the market recovers. GLD's channel range right now has it between 170 high and 140 low. If it hits 150-160, it's probably going to make you money pretty quickly (a month or two) (though it's important to realize that unrealized gains aren't gains until they're realized). Gold won't be risky until it starts exhibiting later stage bubble behavior, which is a change in growth rate.
What stocks are you looking at buying?