Stocks & Oil & All That Fun Stuff

[Jeff '79]

During the last correction in which the S&P fell almost 12% and recovered quickly, I was all in cash. I went half in at 10% down, and if you remember, I said that I would go all in at 15%. Well, the S&P never made it there and I ended up 11% for the year in my 401k, and sitting on the cash
That being said, I'm still sitting on 50% of my cash. 15% down from the top on the S&P is in sight. That would be 1815. My 401k is now down 3% since I went half in.
Anyway, I'm hoping to get in around 1825 and then leave it alone for a while.
Oil is below $30.00 a barrel this morning !! I think $25~ will be the bottom. Once that bottom is reached, the market will begin it's recovery.
This stuff takes time and fascinates me.
Anybody out there know anything?

[Rob]

Buy low. Sell high.

[Giraffe (He/Him)]

Originally Posted by Dixievet

Buy low. Sell high.

Don't put a hair brush in a vagina.

[DAB]

Luke 12:33-34-

33 Sell that ye have, and give alms; provide yourselves bags which wax not old, a treasure in the heavens that faileth not, where no thief approacheth, neither moth corrupteth. 34 For where your treasure is, there will your heart be also.

Luke 12:40-

40 Be ye therefore ready also: for the Son of man cometh at an hour when ye think not.

[Olustee bus]

Originally Posted by Dixievet

Buy low. Sell high.

damnit, I wish I had thought of that. Sounds like a good idea.

[Uncle Meat]

Originally Posted by Dixievet

Buy low. Sell high.

Aim high, shoot low.

U.M.

[8Up]

Originally Posted by Jeff '79

During the last correction in which the S&P fell almost 12% and recovered quickly, I was all in cash. I went half in at 10% down, and if you remember, I said that I would go all in at 15%. Well, the S&P never made it there and I ended up 11% for the year in my 401k, and sitting on the cash
That being said, I'm still sitting on 50% of my cash. 15% down from the top on the S&P is in sight. That would be 1815. My 401k is now down 3% since I went half in.
Anyway, I'm hoping to get in around 1825 and then leave it alone for a while.
Oil is below $30.00 a barrel this morning !! I think $25~ will be the bottom. Once that bottom is reached, the market will begin it's recovery.
This stuff takes time and fascinates me.
Anybody out there know anything?

I guess I dont know anything special, but I do know that gas here has been predicted to go as low as $1 a gallon, if you could figure out how that translates to $ per barrel I would think getting close to that would be a good buying point. I have been looking at oil myself lately, specificly Marathon and Murphy USA which are both American companies. Marathon (MRO) is under $10 a share right now, down from a 12 mo peak of about $30 last May. Murphy USA (MUSA) is around $60 but dropping, peaked at $70 last may. Too soon to buy right now. As long as you arent planning to retire in teh next 3 years I think you could buy in now and be OK for the comeback.

[Rob]

Originally Posted by 8Up

I guess I dont know anything special, but I do know that gas here has been predicted to go as low as $1 a gallon, if you could figure out how that translates to $ per barrel I would think getting close to that would be a good buying point. I have been looking at oil myself lately, specificly Marathon and Murphy USA which are both American companies. Marathon (MRO) is under $10 a share right now, down from a 12 mo peak of about $30 last May. Murphy USA (MUSA) is around $60 but dropping, peaked at $70 last may. Too soon to buy right now. As long as you arent planning to retire in teh next 3 years I think you could buy in now and be OK for the comeback.

YouTube (Short URL)

[Olustee bus]

It seems to me that when oil gets lower, buying into a master limited partnership in oil services would be good. right now, Oppenheimers steelpath mlp is down but the dividends have not changed at all. I think the prices are down because investors relate low oil prices to the the mlp's when the price of oil has not changed their performance.

http://www.oppenheimerfunds.com/inve...lp-income-fund

[Cybercowboy]

I bought 100 shares of Amazon stock in 1999, possibly early 2000, for $63/share. It went up to about $85/share and I sold, making a nice little profit of around $2k.

Had I just kept that stock, it would be worth about $1.5 million. So...

[StaticCling]

Originally Posted by Cybercowboy

I bought 100 shares of Amazon stock in 1999, possibly early 2000, for $63/share. It went up to about $85/share and I sold, making a nice little profit of around $2k.

Had I just kept that stock, it would be worth about $1.5 million. So...

Jeez, that's got to hurt.

I have a friend that had the opportunity to buy Berkshire Hathaway 'A' stock back in the early 80's for I think around 300 bucks a share, he was considering investing 100k in it, never did it. It would be worth in excess of 60 million today.

He is already a very wealthy guy, but jesus. He still kicks himself on that one.

[VITE1]

[Bill]

Originally Posted by Dixievet

Buy low. Sell high.

Hard to do if you are subject to random drug testing....

[04 commemorative]

Originally Posted by Thomas

Don't put a hair brush in a vagina.

or whipped cream I hear too....

[NeedSpeed]

Gas here is down to about $1.55.

Check this out:

There will be chaos: Big Oil’s collapse and the birth of a new world order - Salon.com

[Rob]

Originally Posted by NeedSpeed

Gas here is down to about $1.55.

Check this out:

There will be chaos: Big Oil’s collapse and the birth of a new world order - Salon.com

Just filled up at $1.45 - no discounts. that was the pump price

[island14]

I know a few people here that do that.. they buy gas low over in town at 46 peso per liter and sell it for high @ 52p by the Coke bottle

[Jeff '79]

Originally Posted by Dixievet

http://youtu.be/JF35nXHAxco

Love that show

[Millenium Vette]

Originally Posted by Jeff '79

Anybody out there know anything?

It seems like the more I learn the less I know when it comes to investments. I do the best when I learn a little about an investment and go with my initial gut feeling on it. The single biggest thing that has kept me out of trouble over the years is I know a line of shit when I hear it.

[Jeff '79]

Originally Posted by Millenium Vette

It seems like the more I learn the less I know when it comes to investments. I do the best when I learn a little about an investment and go with my initial gut feeling on it. The single biggest thing that has kept me out of trouble over the years is I know a line of shit when I hear it.

I hear that.