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  • History Predicts The S&P 500 In 2014 Will Be ... [View article]
    I smell a bot "Looking at earnings $SPY is fairly valued" Muahahaahaha
    Mar 9 09:09 AM | Likes Like |Link to Comment
  • History Predicts The S&P 500 In 2014 Will Be ... [View article]
    The thing about Buffett is that he is a man with No Fear and a lot of Patience. Along with being grounded in the school of focusing on the lifetime income an asset can produce and ignoring the ebbs and flows of its price in the market.

    I've got to wonder, could Buffett recreate his success story today if he was starting over?
    Mar 7 10:24 AM | Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    He should milk it for all it's worth. I'd say, "My speaking fees are $100,000/hr".
    Mar 7 10:20 AM | Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    Why not? Uncle Sam insures your deposits. You as the depositor are protected from the risk taking that a bank might engage in. Or the bank robbers who knock over the place.

    When it comes to Bitcoin, you've got zero protection. Theft, Accounting sanfus, anything, when your Bitcoins sit somewhere other than in your wallet.dat file tucked safe and sound in your safe, you are at risk of losing everything.
    Mar 7 10:19 AM | 1 Like Like |Link to Comment
  • History Predicts The S&P 500 In 2014 Will Be ... [View article]
    No doubt, fees are a killer. Somebody charging just 2% in fees will milk about 2/3rds of the money you could have earned over 20 years. You take all the risk and the fund manager reaps all the reward. Anybody who is paying 2% for a managed portfolio better start looking for a new manager.

    I agree it's a tricky road to be on. The safe and easy play with modest rewards that's hard to beat are S&P500 index funds with the lowest fees possible. Something like the SPY is only 0.0945% and a fund like CANE is around 2.30%. Those CANE managers are milking folks left and right.
    Mar 5 10:18 AM | Likes Like |Link to Comment
  • History Predicts The S&P 500 In 2014 Will Be ... [View article]
    Many times, looking at where you've been skews your assumption about where you are going. After all, how many people said Gold $5000 when it was $1800 and then it tanked 30%? Or loaded up on Nasdaq Tech in the 90s, only to see most of it wiped out?

    Never invest for the short term, it's a sucker bet. Always invest for the long haul. Few ever beat the S&P500 over the long haul. And if you can't beat them, you might as well join them. (ie: SPY)

    Buffett has big lead in bet against hedge funds

    With four years remaining, Warren Buffett has a commanding lead in a decade-long bet that put a low-fee stock index fund up against a portfolio of high-priced hedge funds.
    Mar 4 12:58 PM | 1 Like Like |Link to Comment
  • History Predicts The S&P 500 In 2014 Will Be ... [View article]
    Folks need to remember the Golden Quote:

    "Past performance does not guarantee future results"

    If you are looking at a chart to predict the future, you've already lost.
    Mar 3 10:20 AM | 1 Like Like |Link to Comment
  • History Predicts The S&P 500 In 2014 Will Be ... [View article]

    People need to stop looking at Crystal Balls, Ouija Boards, Stars, Tea Leaves, Charts, Graphs, and so on to predict the price of any stock or stock market.
    The "MARKET" is just a place where transactions take place. It tells you nothing about the future. It's not a leading indicator, it's a NOW indicator.

    The key lesson I've learned over these years is to (INVEST) in things which will return more value over time than you've put into them. For example, if you spend $1000 on a Milk Cow and that cow produces a 10% year over year profit over it's life of 15yrs, you'll make around $4,000. So the question becomes, which is more important, the price of the cow or it's lifetime profit potential?

    IGNORE the daily, monthly, yearly, swings of what market tells you the price of something is at this moment in time. Instead, focus on it's lifetime profit potential.
    Mar 2 06:29 AM | 5 Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    Except everybody's account at Lehman was FDIC/SIPC protected. Everybody's MtGox account vanished into thin air. Nobody lost money that Lehman held. The owners managing that money just shifted from Lehman to Uncle Sam.

    When somebody else loses your bitcoins, you are SOL.
    Mar 1 09:35 AM | 3 Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    Bitcoins have ZERO security. It's a complete joke if people think its going to be the next thing since sliced bread.

    I'd rather see (egold) return. With that, you at least owned a slice of gold.
    Feb 26 03:15 PM | 1 Like Like |Link to Comment
  • Why Bitcoin Matters [View article]

    I don't discount Bitcoin's valuation. After all, Supply & Demand dictate price. And when you only have 12/million BTCs in circulation and many more times that in dollars chasing it, up goes the price.

    The problem I see with bitcoins are in getting price stability. And price stability won't happen until we shift from a Bitcoin Spot Market to a Bitcoin Futures Market. And that won't occur until big market floors like the CME or NYMEX get involved in Bitcoins. Afterwards, you will see many more outlets which will accept bitcoin.

    But folks need to remember, widgets and services priced in bitcoin will always be centered around the value of a widget in a domestic currency. If a BigMac cost $5.00/USD, it's bitcoin price will then be calculated based on the exchange rate and priced accordingly. You won't see the reverse. Actual nation state currencies will continue to remain the defacto reserve currency to bitcoin.

    After all, do you trust your wealth to be backed up by the demand for Bitcoin?
    Feb 24 11:04 AM | Likes Like |Link to Comment
  • Why I See Danger For Stocks This Week [View article]
    Dude, you are talking Voodoo Chart Monkey Speak. It's meaningless. "Relative Strength Indicators"??? Puhlez!!! The only indicator you need to know about is the US Treasury Bond Market Yield Curve. Everything else is BS.
    Feb 21 09:17 AM | Likes Like |Link to Comment
  • Why I See Danger For Stocks This Week [View article]
    What a bunch of rubbish... Short term thinking and trading is a lost cause..

    Buy and Hold the SPY. Nobody can time the market except for a small few. Any many would call them just lucky in the short term. But the longer the time span, the greater the edge the Market has on beating everybody.

    Short term blips mean nothing. Fears of some red ink should be ignored. Just look at the last 2 months. The market tanked and has now recovered just about every last penny. All the while the folks predicting doom and gloom said to sell and run. Had anybody followed that advice, they would have missed the up swing.

    After 15 years of being in the market, the one lesson I've learned is that I'm not smarter than the market. So I've kicked the idea of trying to trade and embraced the idea of Investing. Nothing rewards like Time. Now I wish I could start all over again at age 18.
    Feb 20 12:52 AM | 3 Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    There is one more BIG problem with Bitcoins. The market can be cornered, just like Jay Gould and James Fisk did in 1869 with Gold.
    Feb 12 08:18 AM | 1 Like Like |Link to Comment
  • 7-Footers In A Sea Of Pygmies [View article]
    Buy the SPY. Reinvest the dividends. And go to sleep. You will beat 85% of everybody else out there who is picking stocks. I would love to be the 15% who beat the market, but reality says most will be the 85% who don't beat the market.

    So just buy the SPY and suck it up that most of you will never be a Buffett.
    Feb 11 09:19 PM | Likes Like |Link to Comment