Area Foreclosures

[chanster]

lol xom along term hold with a near $400 bil cap? it will pull a ge and pfe and go nowere for the next 10-20 years. buy the xlf finacial etf and leave it for a few years. bac at $11? how about some uso oil etf at $30 down from $119?earnings for 2009 will come in at $50 or less. in 1974 we bottomed at a 4-6 p/e. even a 12 p/e on $50 earnings is a $600 p/e. i highly doubt the nov lows hold. we'll see the 6k's in the dow

 

[SHELLY]

Why do people insist on simply buying stocks.

I don't insist on simply buying stocks. Along with stocks I've got some international and domestic index funds; A High Yield Bond Fund & Muni Fund; some Real Estate (my house ); Money Market accounts; a boat load of CDs (I'm still overweight in cash) and a few bucks worth of change (US,UK & Euro) in a mason jar. Aside from GLD, I'm not a big fan of ETFs.

Are these not all the same stocks you would buy any time? Suddenly they make sense?

I can only speak for myself to say they suddenly made sense in Oct/Nov '08 (I was almost TOTALLY out of individual stocks at this time last year. The majority of my portfolio was in cash, the rest was in Foreign and Domestic index funds--which, by the way, took a good drubbing)

Good dividends, strong business?

Yes and yes. When CDs rates were dropping from 4 & 5% to 2%, instead of rolling over a few thousand in a CD paying out a 2.5% yield, you can take the same money and purchase shares of Exxon paying out the same yield--that's when it suddenly made sense (buying XOM at $60 vs $90 per share).

You should check out managed ETFs and take advantage of undervalued and overalued stocks and markets. What do you have to lose?

Which "managed" ETFs are you recommending? How much in fees are you paying the manager who is churning the portfolio trying to "take advanatge" of the undervalued and overvalued stocks?

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[Matt J]

lol xom along term hold with a near $400 bil cap? it will pull a ge and pfe and go nowere for the next 10-20 years. buy the xlf finacial etf and leave it for a few years. bac at $11? how about some uso oil etf at $30 down from $119?earnings for 2009 will come in at $50 or less. in 1974 we bottomed at a 4-6 p/e. even a 12 p/e on $50 earnings is a $600 p/e. i highly doubt the nov lows hold. we'll see the 6k's in the dow

Based on an actual theory or proof or just one of those gut things that got us into this mess in the first place?

 

[SHELLY]

i highly doubt the nov lows hold. we'll see the 6k's in the dow

I too doubt that the Nov low holds as well...that's why I'm staying overweight in cash and sticking with high-quality dividend paying stocks. I've got a 10-15 year investment window, so if I can pick up some more shares of great companies on the cheap--bring it on.

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[Matt J]

I too doubt that the Nov low holds as well...that's why I'm staying overweight in cash and sticking with high-quality dividend paying stocks. I've got a 10-15 year investment window, so if I can pick up some more shares of great companies on the cheap--bring it on.

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Are you saying nows the time to buy?

 

[SHELLY]

Are you saying nows the time to buy?

I'm saying "Now is the time for ME to buy." But I'm reentering slowly and very cautiously.

I would never be so cocky as to throw out such a nonsensical declaration to the public at large since I have no way of knowing every person's financial status or personal, business, and retirement goals....who the hell would be so bold to even believe they are qualified to utter such a statement??? Who--I ask you...who??

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[Matt J]

I'm saying "Now is the time for ME to buy." But I'm reentering slowly and very cautiously.

I would never be so cocky as to throw out such a nonsensical declaration to the public at large since I have no way of knowing every person's financial status or personal, business, and retirement goals....who the hell would be so bold to even believe they are qualified to utter such a statement??? Who--I ask you...who??

.

The NAR?

 

[Miss Kitty]

I'm saying "Now is the time for ME to buy." But I'm reentering slowly and very cautiously.

I would never be so cocky as to throw out such a nonsensical declaration to the public at large since I have no way of knowing every person's financial status or personal, business, and retirement goals....who the hell would be so bold to even believe they are qualified to utter such a statement??? Who--I ask you...who??

.

Thank you. I so appreciate you and goofer and y'all's perception of the stock market. However, this disclaimer is most important to anyone lurking out there looking to catch the next wave.

 

[TooFarTampa]

Thank you. I so appreciate you and goofer and y'all's perception of the stock market. However, this disclaimer is most important to anyone lurking out there looking to catch the next wave.

Exactly! Sensible Kitty.

 

[John R]

Vandalay Industries has always performed well for me. 11% annually.