How long should I wait to buy stocks in this slump we have?
Ashesmum asked:
I have a little money for putting into stocks. I want to risk a little and have a good return in 1-6 yrs. (for college fund) can you tell me some I may take a look at? Is AIG worth buying up?
I have a little money for putting into stocks. I want to risk a little and have a good return in 1-6 yrs. (for college fund) can you tell me some I may take a look at? Is AIG worth buying up?
Do not invest in AIG, trust me… it is the next freddy mac! I would give you some suggestions but I am day trading right now which is completely different than long term trading.
Don’t buy stocks. Buy gold.
Gold is a universal, the stock market has far to fall, now that 4-5% slides are becoming the norm. The Dow will see 8500 during the October sell off.
Its the next Freddie Mac? You mean to say it WAS the next freddie mac.
Listen, the stock market is a trick on the average persons wealth. You put it in, they take it from you. Your safest investment would be buying gold and silver. When America goes into a depression soon like the 1930s depression, the dollar will become worthless. After all, its just paper. Remember, England used to use a piece of wood to determine wealth called the “tally stick”. Look it up. It was basically used in place of our money today. So that piece of wood had value like our paper money has value.
When the depression hits, bread will cost $1000 thanks to inflation. Do you have a $1000 bill in your hand? At home? Not many people do. But you’ll need that thanks to inflation. And the stock market will be crashed, so youre money will be well liquidated before you get to it.
As I was saying, gold and silver are your best bets. Treat gold like a savings account and silver like a checking account. Gold was $300 a year or two ago. Its over $800 now. When a depression hits, gold will find its true value at over $2500.
If there is a nuclear attack on America, or martial law is declared, or another 9/11 false flag attack on us… people will be trading with precious metals, not phony paper money.
And if you dont believe me at all… We (americans) are paying for all of these banks collapsing. Were does the Federal Reserve get its money? It just prints more of it, thats how. And if it makes as much as it wants, then the value or worth of the paper money goes down. Trust me, a depression is coming and the stock market wont save you.
You should watch some videos (google video)….
-America: Freedom to Fascism
-The Money Masters
Im not trying to scare you, but I urge you please dont dump any of your money into the stock market!!
PS… I would just like to add… you saw gold go up $90 today, in one day. Thats not gold going up, thats the dollar going down. Gold should be about $2500 in real terminology. So, gold has a long way to go for it to get to its true worth. Buying it at $800 is a bargain!