| Re: Wednesday Chat 05.23.12 |
Subject: Re: Wednesday Chat 05.23.12 by TommyT-Bone on 2012/5/23 14:02:40 I used to like funds that mirrored the S&P 500. I bailed after climbing back to 1200 from the low 700s and transfered to government backed securities. I jumped too early. They say as you get older you should assume less risk. I need that fund to grow some, so risk is what I need to take. I'm hoping it drops back down to around 1200 so I can hop back in and not look at it for a few years. I got scared off by the previous S&P lows and didn't want to get stuck holding the bag. Although I have made around 50% profit on my investment over time, the low returns on government securities makes me want to take more risk. It would be nice to get a little extra monthly income from an amount I have targeted. The agony of thinking "what if" keeps me in relatively safe investments. Although BillH's investment strategy at the casino has been acting a lot like the stock market. Down two days, up one. The current Greek situation and state of the Euro in general can be bothersome. That's what is impacting the markets today, driving stocks south. What happens if the Euro implodes? Stocks are a gamble but can reward over time. I have seen the impacts. Real estate is down, investment portfolios are recovering and I know many day traders that have had there asses handed to them. It's not for the weak of heart. I always hear to invest in products you know and love. Like I said, not being a risk taker I like it spread out over the top 500. Even that's a gamble. |
