Mad Money
- Thread starter Hessian
- Start date
FoundingFather
New Member
Stay far away from Jim Cramer and the entire CNBC network for that matter. They are now just a propaganda network for the too big too fail financial institutions. Right now, they are doing nothing but blind cheerleading for the stock market.
Do your own research. If you going to invest based on someone else's "tips", you are going to go broke fast.
Larry Gude
Strung Out
I think every high school senior should have two economic tests to pass before graduating; one, on investing for growth, going 'long'. The other for 'shorting'. It's two sides of the very same coin. We all know, intuitively, the idea of buying for $1 and selling for $2. I think if we all knew the other side of that, betting against a stock, the economy would be a WHOLE lot better off and much more stable.
FoundingFather
New Member
I think every high school senior should have two economic tests to pass before graduating; one, on investing for growth, going 'long'. The other for 'shorting'. It's two sides of the very same coin. We all know, intuitively, the idea of buying for $1 and selling for $2. I think if we all knew the other side of that, betting against a stock, the economy would be a WHOLE lot better off and much more stable.
But..but...stocks always go up!
The stock market has become nothing more than a policy tool to create an illusion of economic "recovery" to instill confidence in the average Joe who thinks the stock market reflects the health of the economy. It absolutely does not reflect the actual economy. You can thank the Federal Reserve and TBTF banks for that.
That is why they don't teach short selling.
Larry Gude
Strung Out
But..but...stocks always go up!
The stock market has become nothing more than a policy tool to create an illusion of economic "recovery" to instill confidence in the average Joe who thinks the stock market reflects the health of the economy. It absolutely does not reflect the actual economy. You can thank the Federal Reserve and TBTF banks for that.
That is why they don't teach short selling.
Exactly so and exactly why we, the people, should know short as well as long.
C
czygvtwkr
Guest
Forget the politics, take emotion out of your decisions. The problem with shorting stocks is your losses are unlimited, I think you are much better off learning about options and using put options if you are negative on a stock.
People want a "invest in XYZ company" answer but there is no such thing. Sound advise today may be not so good tomorrow. Read Cramers book "sane investing in an insane world". The two most important thing you can learn is 1) take all emotion out of investing and 2) it doesn't matter where a stock has been the only thing that matters is where it is going.
Hessian
Well-Known Member
Cramer...
Really cheers for Bernake...(ugh).
Fortunately he has not said any openly pro-obama crap in the 5 days I was watching. I matched some of his advice with the simulation on investopedia and have had,...some success (nothing to brag about).
My beef with investopedia is the lag time for open & sell/buy delays. They also limit what you can dispose of...depending on "market conditions." I do like the charts,..now using MSN site for quicker graphics.
Once I get a better feel of using the tools & learning additional types of investments,...then I will give it a live try (Early July?)
Thanks for the tips!
Really cheers for Bernake...(ugh).
Fortunately he has not said any openly pro-obama crap in the 5 days I was watching. I matched some of his advice with the simulation on investopedia and have had,...some success (nothing to brag about).
My beef with investopedia is the lag time for open & sell/buy delays. They also limit what you can dispose of...depending on "market conditions." I do like the charts,..now using MSN site for quicker graphics.
Once I get a better feel of using the tools & learning additional types of investments,...then I will give it a live try (Early July?)
Thanks for the tips!
tipsymcgee
Active Member
I am much more of a "invest in stocks for the long haul" person and do so using Edward Jones, who preach doing things for the long haul and not doing quick turnaround deals via Etrade and such that eat you up with fees. It always seemed like a show like Mad Money could just push their own agenda so easily, broadcast their portfolio to millions as good buys and get results.
Hessian
Well-Known Member
Dow dropped 206.04
Which is a 1.35% slash.
Good news: my portfolio got nicked at .51% and two companies DID rise.
Any good tutorial programs out there that start with fundamentals before they go crashing into Bollinger bands & ETFs?
I am not a newby,...but my background is old school,...thus I have been left behind by a few decades of investment strategies.
Which is a 1.35% slash.
Good news: my portfolio got nicked at .51% and two companies DID rise.
Any good tutorial programs out there that start with fundamentals before they go crashing into Bollinger bands & ETFs?
I am not a newby,...but my background is old school,...thus I have been left behind by a few decades of investment strategies.
C
czygvtwkr
Guest
Have you read up on diversification? As Cramer says "it's the only free lunch"