A little financial fact (depressing as it is)

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Ms.Wetback

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Most of U.S. citizens have their 401K's, Roth's, various IRA's in stock index funds. If we look at the S&P index, which most are invested in, the S&P is up just 1.3% over the last ten years, factoring in inflation and dividends. That's right people...........1.3% for 10 years of having your money "invested". The stock market is trading right where it was nine years ago. Stocks, long touted as the best investment for the long term, have been one of the worst investments over the last ten-year period.

Since a ten year return is measuring back from 1997-1998, and the SP500 peaked in 2000, my guess is that the ten year return will continue to decline or at least not rise until 2010/2011. And then to make back what was lost it will take another 5-7 years of a straight bull market.

Why do I mention this ................. because our country is not doing well. We are loosing ground daily on the world economic front. People "invest" in what they are told with doing little to no research of there own. We, as Americans, need to educate ourselves before we get run over by the Euro & British Pound. Never mind that over the last 2 weeks there we instances of the Canadian dollar SURPASSING the greenback.

This country needs to gets it's act together .........
 
The dollar is crap, mainly due to the mortgage fall out, the war, and the trade deficit. I agree something needs to be done, starting with the government letting these greedy banks take it in the ass for their high risk bonds. The bail out of Bear Stearns was a big mistake. It may have saved the market from collapse, but it started a precident of loaning banks money on really shitty mortgage bonds.

They were greedy, let them fucking take the loss.
 
Abolish the federal reserve and get us back on the gold standard for starters.
 
Ms.Wetback said:
Most of U.S. citizens have their 401K's, Roth's, various IRA's in stock index funds. If we look at the S&P index, which most are invested in, the S&P is up just 1.3% over the last ten years, factoring in inflation and dividends. That's right people...........1.3% for 10 years of having your money "invested". The stock market is trading right where it was nine years ago. Stocks, long touted as the best investment for the long term, have been one of the worst investments over the last ten-year period.

Since a ten year return is measuring back from 1997-1998, and the SP500 peaked in 2000, my guess is that the ten year return will continue to decline or at least not rise until 2010/2011. And then to make back what was lost it will take another 5-7 years of a straight bull market.

Why do I mention this ................. because our country is not doing well. We are loosing ground daily on the world economic front. People "invest" in what they are told with doing little to no research of there own. We, as Americans, need to educate ourselves before we get run over by the Euro & British Pound. Never mind that over the last 2 weeks there we instances of the Canadian dollar SURPASSING the greenback.

This country needs to gets it's act together .........
Click to expand...

So how is NTDL going to hit $20???
Let me hear that again.
 
mrhtbd said:
So how is NTDL going to hit $20???
Let me hear that again.
Click to expand...

Ummm it is called a reverse split and then positive financials.

In EVERY market there is money to be made and stocks that do well. Technology never stops advancing.
 
This is how bad it is for the US dollar ................ look at where we have left to vacation: Look here
 
Hmmm, don't knock it, the sidewinder is good and tastes like chicken!
 
The pound is index linked* to the $, we're taking it in the ass from the Euro as well, I'm quite pissed off as I'm hoping to get a cheaper deal on my mortgage when my 2 year fixed rate needs renewing in August - rates are up, house prices slowing and starting to fall, shit!

*don't really know what that means, some dude told me at work and I took his word for it:D
 
Scotsmark said:
The pound is index linked* to the $, we're taking it in the ass from the Euro as well, I'm quite pissed off as I'm hoping to get a cheaper deal on my mortgage when my 2 year fixed rate needs renewing in August - rates are up, house prices slowing and starting to fall, shit!

*don't really know what that means, some dude told me at work and I took his word for it:D
Click to expand...

IMO from what I am seeing rates should bottom in the summer, so you should be fine.
 
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