Sell Off???

[Dink]

With the "pending doom" on August 2nd the analysts are talking about a market crash and interest rate explosion......

Even with the tax penalties, should I consider selling everything, cashing out, and waiting to see what happens?

What's yalls approach??

[ShadMan]

I sold everything I owned last Friday. Even if a deal is reached, I expect that our debt will be downgraded and the market will crap itself, at least temporarily.

These are only my opinions and should not be considered investment advice.

[simplepeddler]

I am going to hold........I did move some to more conservative funds.........but I do not think it's going to be as bad as Obama is threatening us with.

As for higher interest rates, I am locked in on the home, and on the Dave Ramsey plan for cars, pay in cash, used.

This is going to affect people that are living on credit cards more than anyone.
Obama is a raging idiot.

["W"]

Fools will sell...I will buy...............If they can predict a market crash..we would all be rich.....I say pump more ....

Only Stock i sold was GE and pumped it into an oil stock.......

FYI...GE is Obama toy

["W"]

Tim..... Dump all your money in here

This will be a huge money maker in years to come...plus they pay 7% interest

http://finance.yahoo.com/q?s=OILT

[ShadMan]

Fools think they are smarter than financial advisors.

[simplepeddler]

Originally Posted by ShadMan

Fools think they are smarter than financial advisors.

Precisely

[Dink]

I got some GE......can't go wrong with it!

[mstulb]

last I checked you want to buy low and sell high. Never sell during a declining market, unless you are ept to accepting a loss on your investment.
Hope it does fall I will buy as much as I can when it does, I made more money in 08' from purchasing declining stocks-peeps stupid sometimes.

Originally Posted by "W"

Fools will sell...I will buy...............If they can predict a market crash..we would all be rich.....I say pump more ....

Only Stock i sold was GE and pumped it into an oil stock.......

FYI...GE is Obama toy

["W"]

Originally Posted by ShadMan

Fools think they are smarter than financial advisors.

Personal Rate of Return from 01/01/2011 to 07/27/2011 is 35.5%

Get a new advisor

[alphaman]

I would like to get into investing future. Could any of u lead me in the right direction.

sent from my HTC Inspire

[Opinions_Vary]

[quote="W";295203]Fools will sell...I will buy...............If they can predict a market crash..we would all be rich.....I say pump more ....

Only Stock i sold was GE and pumped it into an oil stock.......

FYI...GE is Obama toy[/quote]

Quote:
Originally Posted by [B]Opinions_Vary[/B] [ame="http://www.saltycajun.com/forum/showthread.php?p=228369#post228369"][/ame]
GE... DEEPLY in bed with the Obama administration... Hugely responsible for all of the "Green" legislation.

Dont care who blows who...They pay good div and making some good returns right now....

Im about to unload some $$$$ on Ford.... Try to rack up some day trading profit...
__________________

If we ever forget that we are One Nation Under God, then we will be a nation gone under.
Ronald Reagan


Why the change of heart?

["W"]

I made money on GE but over the last month they have been going down..... Sold after I collected my Div...

Invested all that stock into OILT

[Dink]

Got a bunch of Ford when it was under 2bucks. Hueys college is paid..........

[Dink]

Originally Posted by mstulb

last I checked you want to buy low and sell high. Never sell during a declining market, unless you are ept to accepting a loss on your investment.
Hope it does fall I will buy as much as I can when it does, I made more money in 08' from purchasing declining stocks-peeps stupid sometimes.

That's kinda my point! Sell now while I'm up, watch market crash. Buy back at a lower rate and hope to makeeugh to cover the tax penalties

[SaltERedneck]

Markets gonna get choppy is all i am saying. hard to keep up unless you got that kind of time.

[ShadMan]

Originally Posted by "W"

Personal Rate of Return from 01/01/2011 to 07/27/2011 is 35.5%

Get a new advisor

Great job! You could have put your money in an index fund and had roughly the same return. Since I used to be a financial advisor, I rarely give tips because people take them too seriously. But here is the last one I gave:

http://www.saltytexan.com/forum/show...ghlight=kodiak

(Sorry for linking another forum, Casey, but it was necessary to illustrate a point )

BTW, when I recommended this company they were at $.28 , and now they are at $6.75. You want to calculate that rate of return, Jeremy?

["W"]

Originally Posted by ShadMan

Great job! You could have put your money in an index fund and had roughly the same return. Since I used to be a financial advisor, I rarely give tips because people take them too seriously. But here is the last one I gave:

http://www.saltytexan.com/forum/show...ghlight=kodiak

(Sorry for linking another forum, Casey, but it was necessary to illustrate a point )

BTW, when I recommended this company they were at $.28 , and now they are at $6.75. You want to calculate that rate of return, Jeremy?

Rate this

ATPG

Bought in 2002 $2.4O something sold in O6 Upper 40's Calculate that return..

Bought LNG this year 3.oo sold 6.50
Bought LNG again 7.50 sold 11
Bought LNG 8.75 sold 9.79
Bought Bought LNG again 7.29 sold 10.75

Like those Apples

[ShadMan]

You still have a few thousand percent to go to catch up.

[simplepeddler]

Originally Posted by "W"

Personal Rate of Return from 01/01/2011 to 07/27/2011 is 35.5%

Get a new advisor

Damn man, Charles Schwab needs to call you for advice.