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Old 10-09-2008, 09:21 PM   #1
ArrowheadHawk ArrowheadHawk is offline
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Originally Posted by badmajama View Post
for the young folks out there it's not the end of the world if you own stock. Just don't sell. Remember you still have what you saw before the crash its just not valued at what you saw. For people retiring in 5 years or less or who have kids going to college this is a very serious time. Lets hope for a quick turnaround.
Savings accounts look pretty good right now. Put your money in a bank not in market.
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Old 10-09-2008, 09:29 PM   #2
jiveturkey jiveturkey is offline
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Originally Posted by ArrowheadHawk View Post
Savings accounts look pretty good right now. Put your money in a bank not in market.
Except that interest rates are so low. Savings aren't loosing money but...
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Old 10-09-2008, 09:32 PM   #3
talastan talastan is offline
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The first thing anyone should do is to get themselves some emergency cash on hand, and then start getting rid of debt and stay out of debt. You can save/invest a whole lot more when you're not giving your money to someone else. Thanks Dave Ramsey!!
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Old 10-09-2008, 09:36 PM   #4
'Hamas' Jenkins 'Hamas' Jenkins is offline
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Originally Posted by talastan View Post
The first thing anyone should do is to get themselves some emergency cash on hand, and then start getting rid of debt and stay out of debt. You can save/invest a whole lot more when you're not giving your money to someone else. Thanks Dave Ramsey!!
Except that in times of hyperinflation your preexisting debt will end up costing you much less.
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Old 10-09-2008, 10:40 PM   #5
Lonewolf Ed Lonewolf Ed is offline
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Originally Posted by ArrowheadHawk View Post
Savings accounts look pretty good right now. Put your money in a bank not in market.
My savings acoount with its whopping .5% interest rate is a joke.
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Old 10-09-2008, 09:34 PM   #6
Fish Fish is offline
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We need another bailout!!!
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Old 10-09-2008, 11:01 PM   #7
Mr. Flopnuts Mr. Flopnuts is offline
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We need another bailout!!!
Pelosi wants to print us all up some more paper. Or money, as it's called in the suburbs.
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Old 10-09-2008, 11:11 PM   #8
Smed1065 Smed1065 is offline
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We need another bailout!!!
No the average American needs a bailout, not financing one or two!
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Old 10-09-2008, 09:35 PM   #9
'Hamas' Jenkins 'Hamas' Jenkins is offline
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I would think that Treasuries would be the way to go.
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Old 10-09-2008, 09:48 PM   #10
ClevelandBronco ClevelandBronco is offline
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Next Tuesday could be a great time to buy.
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Old 10-09-2008, 10:06 PM   #11
Braincase Braincase is offline
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Next Tuesday could be a great time to buy.
The Rothschild's are way ahead of you.
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Old 10-09-2008, 10:08 PM   #12
ClevelandBronco ClevelandBronco is offline
I'm with the banned.
 
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The Rothschild's are way ahead of you.
They should be if they have any sense.
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Old 10-09-2008, 10:12 PM   #13
Braincase Braincase is offline
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They should be if they have any sense.
Watch "The Money Masters'. pretty dry, but amazing.
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Old 10-09-2008, 10:19 PM   #14
ClevelandBronco ClevelandBronco is offline
I'm with the banned.
 
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Watch "The Money Masters'. pretty dry, but amazing.
I have no idea what you're talking about.

Play the market when it's down and ride it back up.

I'm getting back in on Tuesday unless I see something I don't expect on Friday or Monday.
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Old 10-09-2008, 11:13 PM   #15
Silock Silock is offline
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Next Tuesday could be a great time to buy.
It's always a good time to buy.

Dollar cost averaging.
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