Quote: (10-03-2013 08:25 PM)_DC_ Wrote:
The best advice which has been given already is index funds. All my IRA money is shifted in and out (but in 90% of the time in) of the S&P completion index (VEXMX is an example of a tracker). Its up about 20% this year.
I like to gamble also with other money. It seems ridiculously easy but I just look for penny stocks (<$2.00) that have a decent amount of volume and tons of beta. I only buy things near their 52 day low. Bought NAK at 1.44 and sold at 1.81 yesterday. 23% is great for two days. The relatively high volume along with a stop limit will help you from losing your shirt while waiting for a 2-3 day runup.
For the record Im currently out of VEXMX with the govt shutdown and debt ceiling coming. Ill jump back in after that shit resolves.
Even though the idea of Govt. shut down is thrown in the mix here and there, NONE of the big players are really seriously considering shutting down the government, are they? In other words, government shut down seems fairly improbable in the current market influences, no?
I suppose this is the scenario of sell on the rumor and buy on the news or buy on the rumor sell on the news, which is that a guy wants to be at least one step in front of the masses.
