OK... if you had $$ to invest... (VERy NF)

[kemper]

Bury your money under a tree? when the dollar deflates to half it's present value you can buy a half a tree to retire under!

 

Energy is solid only during a robust economy. when you loose your job and can't make ends meet what would you cut first from your budget?

 

 

The tree thing was a joke, a 'run and hide from the slow market' terrible attempt at humour.

 

And as for energy, yes you definatly are right. But I don't see it getting hit quite as hard because there is ~almost~ always going to be a steady (or growing) demand for energy.

 

bottom line- there are alot of people down a lot of money right now, and not a lot of people know quite what to do about it. Thats why there will always be a small percentage of people that make money while the rest of us cry into our cereal.

 

This thing is going to turn around, someday. Hopefully we all dont have to sell our fishing gear before that happens...

[Master of Bait]

Become a day trader TJ! The wild volatility in the equity markets these days presents an opportunity for arbitrage - HA!

 

Actually, I'm sure you don't really want to do that.

 

Just be careful out there. Resource/energy stocks and associated commodities are SUPER volatile these days - generally not moving based on fundamentals (check out that TSX this week).

 

No one would have thought that big huge firms like AIG/Wamu/Wachovia and the 3 deceased I-banks would be allowed to fail (okay, they were seized, but shareholder wealth was wiped out).

 

Even fixed income securities are going crazy because of what's going on in the credit markets.

 

Be careful with financials, too, because really healthy US banks are not priced at a huge discount right now (massive bank Wells Fargo is near an all time high right now).

 

The truth is, it's a great time to go shopping for deals if you're Warren Buffett. For Schmoes like us, it may be wiser to stand pat unless you have really high risk tolerance levels.

 

By holding out for a while, you'll no doubt miss some opportunities, but you'll also avoid exposing yourself to significant risks to your principal investment.

 

Cool thread.

[dp3200]

There are 3 things that I would suggest are the WORST investments right now:

1) Real estate - not as good as people think, and we have a bubble of our own bursting here in Canada. This is a terrible investment right now.

2) Commodities

3) Short selling is incredibly risky in a volatile market like this. What if you short something that rebounds? You can get yourself into some major trouble here.

 

As non-cool as it sounds, put your money in a high interest savings account and wait for a market reaction to this bailout. Once things start looking better (might be soon, could be as much as a year...I'm betting on 6 months), put your money in an ETF that tracks a major index and you will do well. Amateur investors can rarely beat the index.

 

I actually haven't lost much money through this whole thing by holding Procter & Gamble (PG), Colgate-Palmolive (CL) and even things like BRK.B. My only losses are in the devaluation of the dollar, but don't get me started.

 

Or tuck your money into your mattress and start cleaning your guns.

[Beans]

Hey Boss...Don't know about the other suggestions but mine paid off to the tune of $17.90 for a $2 win ticket at Sudbury Downs last night...

[holdfast]

The Stock market NOW is the gambling casino for the fat Rich cats. At one time it was to help companies but now its a game of speculators and gamblers with the little guy losing. If I was a Yank, Id be ticked with this bail out and no heads are rolling. Kind of wondering now if capitalism is only for the rich.

[lookinforwalleye]

If your money is in the equity markets then it is at risk I don`t care how blue your blue chips are, all you have to do is look at a chart.

 

Stay in cash for the time being!

 

 

Cash is still looking pretty good!!!

[Cookslav]

Ya...fire proof safe to hide your cash after todays poor showing

[Rich]

Anything Chinese

[Raf]

caskets, rope, firearms, and those overhangs on the street that catch the jumpers.

 

dang volatile as heck today.

[Wild]

Anything Chinese

China and Japan hold the highest amount of US treasury debt notes and with a global downturn would you trust China?

[Rich]

China's the next world power. I'd rather be rich when they take over!

[Wild]

We will see how China fairs during this long US recession and global downturn but I would not place all my eggs into a non democratic country

[azanier]

The national banks of Britain, the US and Canada have cut cut interest rates this morning and the market is responding very well to the news....so far. Bank stocks should see a spike with the news so your best bet is to invest into Canada's main banks and quickly.

[Wild]

The national banks of Britain, the US and Canada have cut cut interest rates this morning and the market is responding very well to the news....so far. Bank stocks should see a spike with the news so your best bet is to invest into Canada's main banks and quickly.

No thanks I don't think so. Read Royal's economic outlook closely. Can the banks sustain their high profit margins during a severe crisis?

[Raf]

define responding "very well"

 

tsx and dow are down 250 and 160 respectively.

[bigbuck]

Down only 250, what the TSX, wow, that's a great day given what it's been like for the past couple of weeks.

Seriously, if I had cash on the sidelines, it's time to start putting small sums in on the really really bad days, remember, for every seller, there is a greedy buyer who knows that with patience, he's going to cash in on someone else's lack of intestinal fortitude. We're coming up to a technical support level for the TSX, we drop below that level, I plan on reinvesting a significant portion of client money.

FOR GOD'S SAKE, PLEASE BE PATIENT, THE MARKET WILL NOT GO TO ZERO, IF IT DOES, YOU'LL HAVE PLENTY OF FIRE STARTING MATERIAL IE. CASH BECAUSE THAT IS ALL IT WOULD BE GOOD FOR.

Bargains abound right now for the smart managers, they are the ones that are doing the buying.

[irishfield]

I'm thinking of investing in Life and PD policies on Musky guides... before the mob takes the whole thing over.

 

Can't do any worse than my RSP's and mutuals that are down 27 % since last October.

Edited October 10, 2008 by irishfield

[snag]

I'm thinking of investing in Life and PD policies on Musky guides... before the mob takes the whole thing over.

 

Can't do any worse than my RSP's and mutuals that are down 27 % since last October.

 

 

I'm in.

 

Aggressive stocks, I hear.

 

The return sucks being catch and release though.

 

Where do I send my $$$$$$???

[danbo]

Can you say "GOLD?"

[irishfield]

If you wanted to get into gold.. you should have done it 3 years ago when it was $290 an ounce. I'm still kickin my ass on that one...

[danbo]

It will be the only useful bartering tool if things get nasty.. well, maybe bullets,canned food & bottled H2O !

[John]

Second mortgages at 12 or 13%. Lots of people looking to pay off credit card debt.

[Wild]

With the huge amount of currency the governments are flooding the world with you better be prepared for the consequences to follow. Now is the time to research the businesses which thrive during a recession, health care, pharmaceuticals, services focused on seniors, crime prevention, gold recovery from used electronics...

[Cookslav]

oops... Edited October 10, 2008 by Cookslav

[Cookslav]

With the huge amount of currency the governments are flooding the world with you better be prepared for the consequences to follow. Now is the time to research the businesses which thrive during a recession, health care, pharmaceuticals, services focused on seniors, crime prevention, gold recovery from used electronics...

 

Myself I think I'll go the proffesional criminal route and specialize in Robbery

Edited October 10, 2008 by Cookslav