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Old 11-17-2011, 02:45 PM  
Kenny B!
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Join Date: Jun 2003
Location: Montreal
Posts: 5,717
Quote:
Originally Posted by biskoppen View Post
I completly withdrew from all sorts of investments a few months ago after taking a $50k+ loss on some stupid ass stocks I bought..

I'm going to buy $100k worth when I THINK this crisis hits rock bottom and then keep'em like forever or something..

But when the fuck this rock bottom is I do not know ;)
It's impossible to time the market, I can admit that the market plays me, not the other way around.

I now put my money in real estate, at least I get a physical asset for my cash. I'm done buying shares in some company that can go any which way, or have an accounting issue and there goes my investment yet again.

As for silver and gold, I know they say it's safe but is it really? You're buying a chunk of metal that there's no shortage of and the price fluctuates with the stock market. At least with precious metals you get something for your money that you can touch. So I guess it's better than a statement saying you own some shares in a company trading at 20x earnings.

I've lost enough on the markets to know it's not for me, if other can make huge money with it they are smarter than I am.
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