Credit Cards Center Credit cards from our partners
Reply
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012

Stock market thoughts?

I have a feeling the market will top out not much higher.

 

Now seems to be a good time to push some funds towards things such as gold mining companies and such. I had this feeling yesterday and today the market acted as I thought it would.

 

I am hoping I am wrong and might hold off a little while before shifting some funds.

 

Thoughts?

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012

Re: Stock market thoughts?

I keep hearing a reoccurring theme. This is the time to invest and take advantage of low rates.

 

In some ways I disagree. 

 

The boom is the time to pay off debts. Live frugally in preparation of the next recession no matter how close or how far. Be ready to infuse funds into the market during another crash.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Valued Contributor
Posts: 2,701
Registered: ‎03-15-2012

Re: Stock market thoughts?

I'm took a gamble earlier this week, dumped my MDIHX, and am pushing into lower grade US holdings. Too much speculation, and a lot of people are getting nervous.
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012

Re: Stock market thoughts?

[ Edited ]

I am keeping an eye on USAGX. Hoping gold takes one more dip...

 

I think it has some long term potential. Might have missed the boat on the best value though. Fingers crossed it will dip again and I'll buy some up.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Valued Contributor
Posts: 2,701
Registered: ‎03-15-2012

Re: Stock market thoughts?

High 13's, with 3%+ ytd. It'll be a safe hold, but it'll drop more yet.
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012

Re: Stock market thoughts?

I sold off some silver right before the market boomed. Made a good amount on it, but didn't reinvest like I should have. Not sure where the money went...haha

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Blogger
Posts: 3,367
Registered: ‎10-19-2012

Re: Stock market thoughts?

There has been a major pullback in the last 2 weeks but things seem to be settled for now. With clear signs of recovery, I believe the stock market can maintain its momentum even if the Fed terminates quantitative easing. When the crisis was underway the economy was still accumulating cash, and the whole purpose of QE's was to encourage corporations to spend their cash on capital investment. Once they are convinced of the full recovery, we'll see the economy get back on track to where it would've been without the recession.

Super Contributor
Posts: 8,198
Registered: ‎03-25-2007

Re: Stock market thoughts?

If you understand the stock market and can predict where it is going, you should be so rich that you don't need credit  Smiley Very Happy

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Blogger
Posts: 3,367
Registered: ‎10-19-2012

Re: Stock market thoughts?


MidnightVoice wrote:

If you understand the stock market and can predict where it is going, you should be so rich that you don't need credit  Smiley Very Happy


You still need a capital base to make any significant amount of money. 100% annual return doesn't do you much good if you start with $500. Smiley Wink

Frequent Contributor
Posts: 371
Registered: ‎12-30-2012

Re: Stock market thoughts?

I wish I could cash out my 401k and get all my money out of the stock market. That place scares me!!


CSP-$8700, Amex BCE-17.2k, Chase Freedom-$5700
Discover It-$6600, USAA MC-$5900 Ink Bold- $12k United Explorer-$5k

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.