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"The "few" who manage to make money in the stock market are the ones who buy when the market is down and sell when it's up." Not necessarily in that order ;-)
by Rod 18y ago
"The "few" who manage to make money in the stock market are the ones who buy when the market is down and sell when it's up."
Not necessarily in that order ;-)
"the pros who work 12 hours on it apparently don't know either. Otherwise they wouldn't be in trouble now."
Not quite true. I was referring to the stock market. The current crisis was not caused by stocks, but my collaterized debt obligations and other arcane financial products which no one knows how to price.
"I'm not saying he should put money in the stock market, but humbleness before those awesome pros that he would be up against is not a good reason to stay out."
I don't like stocks as an investment, so maybe I am biased. I have known so many people who have tried to make a fast buck in the stock market and lost it all, that maybe I am too pessimistic.
It's not my money, so Kyro should do whatever he feels like. However, I think some realism is always desirable. But then, it's just $2000. That's peanuts. It's not like one's entire life will be doomed if one loses $2000, right?