I purchased a few shares of RIG this morning when I saw it was down over $2. I have the same thought about buying more if it dips further. I can't think of a better way to play oil than with the leading driller.
Raymond James Analysts: Be Selective When Choosing Gold Stocks [View article]
Can someone explain why AUY would not be in that group of better mining stocks? From what I understand, it would fit the stated criteria as well. What am I missing?
I couldn't agree with you more. Where or where is any fix for our economic problems in the next many months? Author Harry S. Dent is predicting a crash in 2010. I think it is closer than that. I too am very concerned about individuals who are counting on stocks to do well to fund retirement, etc. I know someone can always paint a silver lining on everything, but I sure don't see one now. Courage.
Pilar, the stock market is not right for everyone. There are no "sure winners," and the market always scares investors. What would it take for you to be "sure" and buy stocks? I am very cautious of this market, so I am taking a conservative approach. I will post some ideas on what I am doing--just as food for thought--not as a sure plan.
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Thanks for this insight. Please keep us informed. My finger is on the trigger for my stocks, my bonds can be held to maturity, and my gold and silver are put away.
Note the modest expectations for this "New Era" allocation--5 to 7%. Buffett, Soros, and many others have been lowering total return expectations for equities and bonds for the next several years. That is the real story. Buy quality and don't chase the latest hot idea. To aim for higher returns in the current world economic climate is to take on considerable risk.
U.S. Credit Card Industry Moving into Uncharted Territory [View article]
V and MA carry no credit risk. They do not issue credit cards. Various banks, etc. do that. V and MA make money every time a credit card (of the respective type) is used. V and MA are in the sweet spot--make money on the credit card transaction and no credit risk. The numbers indicate that as consumers are squeezed more, they are increasing the use of their credit cards--more money for V and MA--greater credit risk for the card issuer.
I couldn't agree more. The Fed is giving the markets a fix with buckets of money, and we have yet to begin the withdrawal. I don't think it will be pretty. Where is the potential for growth in corporate profits? House values are falling, consumers are in debt up to their eyeballs and prices for everything are going up. These things can't turn around on a dime. We have not yet felt the real recession. We have indeed been reduced to being traders instead of investors. Be patient. Keeps lots of cash. There is no "fat pitch" in this market to swing at.
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