[MrM27]

(08-09-2011 08:39 PM)Roosh Wrote:  

Quote:

Dollar rally won't last too long, these announcements are only bearish for the dollar longer term.

I agree with this. In the 2008 crisis the dollar shot through the moon. On Monday, when it should have done the same, it barely went up. I think the dollar will continue to gradually decline.

What's a good basket of currencies for medium-term (2-5 years)? Yen and Franc? I don't trust the Euro.

Check out Everbank's options for bank accounts in other currencies. They also have CDs in individual currencies or a basket of currencies. I have used their services, and they provide you with checks, ATM cards and regular banking services with the added dimension of foreign denominated accounts. If I had to settle on a currency, I'd pick the Norwegian Krone. If I had to think of a basket of currencies, I'd go with their Viking CD, which is Norway-Sweden-Denmark. Next big foreign travel vacation, I am going to set up an account denominated in that country's currency prior to going to take away soem of the sting of exchange rate bad timing.

[cool]

(08-09-2011 08:39 PM)Roosh Wrote:  

Quote:

Dollar rally won't last too long, these announcements are only bearish for the dollar longer term.

What's a good basket of currencies for medium-term (2-5 years)? Yen and Franc? I don't trust the Euro.

Avoid the franc. This week the Swiss National Bank decided to peg the franc to the collapsing euro, effectively devaluing the franc.

[La Familia]

(09-09-2011 06:51 PM)cool Wrote:  

(08-09-2011 08:39 PM)Roosh Wrote:  

Quote:

Dollar rally won't last too long, these announcements are only bearish for the dollar longer term.

What's a good basket of currencies for medium-term (2-5 years)? Yen and Franc? I don't trust the Euro.

Avoid the franc. This week the Swiss National Bank decided to peg the franc to the collapsing euro, effectively devaluing the franc.

Yeah, my friend works for an HFT firm in Chicago and told me that it went down 100 ticks in seconds due to Europe claiming the franc is overvalued. Is there any safe currency at the moment?

[ersatz]

Youth unemployment has been consistently up (or a feeling of it at least) and people feel a crunch over all even though Canada wasn't an idiot. Canada's (and Australia's) Real Estate bubble bubbled with the USA, but it's never stopped and is a disaster waiting to happen. Household debt has also ballooned in Canada too. Go look at the idiocy that's the Vancouver real estate market here:

http://www.crackshackormansion.com/

The houses are as expensive as San Francisco or New York, and Seattle just over the border is over half price, and they have Microsoft and Amazon and other economic powerhouses down there, while you can't really name anything specific other than rich Chinese people in Vancouver.

(08-05-2011 02:02 PM)Luckystar Wrote:  

(08-05-2011 01:16 PM)Farmageddon Wrote:  

Quote:

get out now while the going is good or you risk losing it all

People were saying the exact same thing when the DOW went down to 6500 in '09 and if you sold then you would have lost 50-75% of your investments. The market is not for short term investing and if you think it is you are, for all intents and purposes, a sucker. Over the long run, 20 years+, the market has returned 8-9%.

No one beats the market, that's why you should invest in index funds. If you can't beat the market you should just own the market.

If you look at gold and silver as an investment, in terms of real return, they have averaged about 1-2% since the early 1800's. They can't even beat inflation. Good luck with that.

Good points.

The index recommendation makes sense. My personal recommendation is to invest in Canadian banks. Canada was and is the least effected by financial crisis. Reasons:

1) Canadian banking system is highly conservative. Canadian banking system does not accommodate sub-prime lending. It stayed away from asset-backed mortgages and collateralized debt obligations. Furthermore, it completely avoided credit default swaps/derivatives. Canadian banks are highly conservative and really do their due diligence in their investment banking.

2) Canadian banks naturally invest a lot in the Canadian economy, which is largely commodities based. Oil, natural gas, mining (gold, potash, etc.) will be in high demand in years to come. If prices do drop, commodities are easy to hedge against. Energy and mining are the backbone of Canada's economy.

Take a look at the stock performances of Canadian banks, such as TD, Scotiabank, Royal Bank of Canada, and Bank of Montreal. Canada was the only major country that did not have a bank go bankrupt during the financial crisis. Just my advice for whatever it's worth.

[ersatz]

I was excited for a moment that a bank finally offered a multi currency account with no BS and wasn't HSBC Offshore. But they only refund ATM fees with balances over $5000, only within the US, and they still have a %1 currency exchange spread. Schwab is still better, no minimums, international ATM refunds and 0% currency exchange spread. (And CapitalOne and a few others for the credit card) Everbank still structures it more as an investment vehicle than an international checking account, which is unfortunate.

(09-06-2011 02:26 PM)MrM27 Wrote:  

(08-09-2011 08:39 PM)Roosh Wrote:  

Quote:

Dollar rally won't last too long, these announcements are only bearish for the dollar longer term.

I agree with this. In the 2008 crisis the dollar shot through the moon. On Monday, when it should have done the same, it barely went up. I think the dollar will continue to gradually decline.

What's a good basket of currencies for medium-term (2-5 years)? Yen and Franc? I don't trust the Euro.

Check out Everbank's options for bank accounts in other currencies. They also have CDs in individual currencies or a basket of currencies. I have used their services, and they provide you with checks, ATM cards and regular banking services with the added dimension of foreign denominated accounts. If I had to settle on a currency, I'd pick the Norwegian Krone. If I had to think of a basket of currencies, I'd go with their Viking CD, which is Norway-Sweden-Denmark. Next big foreign travel vacation, I am going to set up an account denominated in that country's currency prior to going to take away soem of the sting of exchange rate bad timing.

[Roark]

Chinese are bidding up real estate in Vancouver like they're bidding up real estate in China. Vancouver is part of China's real estate bubble, just like Singapore is. Whenever the real estate bubble in China pops, it will spread to Vancouver.

I don't buy any currencies. Silver, gold, silver miners, and gold miners. I only invest in those things and have been since TARP when they blew up the money supply. Well, those and a couple other commodity related stocks. So no, I haven't been hurting in the last few weeks. I've been making great gains.

The BoJ constantly intervenes, the Swiss National Bank announced a peg to the Euro, and now the Swedes expressed willingness to devalue their currency. No paper money is safe, at least for now (I'm expecting Australia and NZ to cave in too, but their central banks have been behaving very responsibly so far). I'll stick with real money: gold.

[thegmanifesto]

Roark -

"silver miners, and gold miners"

Which ones?

What is your outlook from now till the end of the year/ one year on those?

[zoom]

mining stocks are not nearly as safe as physical gold and silver- they are prone to naked short selling, and also you don't own it unless you own it.

http://www.youtube.com/watch?v=Biu0PhmVo...er&list=UL

[Gunner]

There are a lot of ways to play the miners, short term(2011) I don't think it would be a good idea but for 2012 it could work.

Gold BIG MIners ETF: GDX
Gold Jr miners: GDXJ
Silver Miners ETF: SIL

My favorite gold miners: NG, GG
My favorite silver miners: AG, EXK, SLW
The most speculative junior miner(5% portfolio, loss everything or triple the price): AAU

[JayMillz]

The Dow on Tuesday closed above 13,000 for the first time since May 2008 after a 25-point gain on lower crude prices and a strong consumer report.

While the 13,000 level is not considered technically significant, it is a psychological milestone.
Investors have been keeping a close watch on the oil market, where crude futures rose almost 9% in seven consecutive days, settling at a nine-month high above $109 a barrel Friday, amid concerns about increased tensions between Iran and Western powers.

[thegmanifesto]

The funny thing is this thread was started back in August.

The market pretty much went straight up from there. (with another pull back in early Oct).

A page back or so, I warned people about shorting back then.

You have to buy when people are "bleeding".

[phoenix101]

I stuck with every shock from early 2009 to mid 2011 but even the year-end coaster ride kept me out. I guess that's what it was, it shook out all the dumb money before moving up, as bull moves want as few people on board as possible. I can't stand being in cash because even 10% return is more than I currently make in a year (working part-time).

[Entropy]

With all due respect, most of the comments here, on this thread, are just cringingly amateurish. Obviously nobody here is familiar with intermarket analysis.

Best of luck to everyone.

[thegmanifesto]

(02-29-2012 03:16 AM)Entropy Wrote:  

With all due respect, most of the comments here, on this thread, are just cringingly amateurish. Obviously nobody here is familiar with intermarket analysis.

Best of luck to everyone.

Entropy,

I think you are a way more sophisticated investor than the rest of us.

(Not being sarcastic).

Speaking for myself, I stick to basics.

[Vicious]

(02-29-2012 03:16 AM)Entropy Wrote:  

With all due respect, most of the comments here, on this thread, are just cringingly amateurish. Obviously nobody here is familiar with intermarket analysis.

Best of luck to everyone.

Making that kind of statement, you're almost required to supply some proper advise along with it.

[Hooligan Harry]

(02-29-2012 03:16 AM)Entropy Wrote:  

With all due respect, most of the comments here, on this thread, are just cringingly amateurish. Obviously nobody here is familiar with intermarket analysis.

Best of luck to everyone.

Who are you trying to impress with this nonsense?

Its a lifestyle forum aimed at guys who like to travel and fuck chicks.

Interests are broad and varied, but expecting to find detailed discussion and technical analysis on world markets here is pretty stupid dont you think? The views are amateurish because most guys here are not going to be full time professional traders dude, and most probably have no desire to be.

[Entropy]

(02-29-2012 12:19 PM)thegmanifesto Wrote:  

Entropy,

I think you are a way more sophisticated investor than the rest of us.

(Not being sarcastic).

Speaking for myself, I stick to basics.

Hey, you are broad spectrum kinda of guy...i respect that.

(02-29-2012 12:25 PM)Vicious Wrote:  

Making that kind of statement, you're almost required to supply some proper advise along with it.

Fine enough. My investment approach:

Get a dartboard
Get the stocks quotations and tape it to the dartboard
Throw darts.
Pick the ones hit by the dart...
Call my broker and invest my money. Works like a charm everytime.

(02-29-2012 01:30 PM)Hooligan Harry Wrote:  

Who are you trying to impress with this nonsense?

Its a lifestyle forum aimed at guys who like to travel and fuck chicks.

Interests are broad and varied, but expecting to find detailed discussion and technical analysis on world markets here is pretty stupid dont you think? The views are amateurish because most guys here are not going to be full time professional traders dude, and most probably have no desire to be.

With all due respect, you are not qualify to even clean my shoes let alone tell me what i am suppose to expect to find here or not expect to find here. Go clean my lavatory.

[Hooligan Harry]

Wahahahahahahahaha

You really want to play this game? Ok, then

1) Pip Trading. What you do online like a robot, real investors AUTOMATE. While you scratch out a tiny profit using a soul crushing, methodical, repetitive process that anyone who could download a PDF could learn if they had the time, the REAL INVESTORS are using broking firms that offer high frequency and algorithmic trading. Its an over the counter service these days, YOU TWIT, and accounts for over 70% of most trades in developed markets. You want to talk amateurish? You stumbled across a get rich quick scheme and have dedicated a great deal of time and money to a dead art. I hope your online tutorials did not cost you too much you fucking plonker

2) You discussing technical financial investment and analysis ON A LIFESTYLE FORUM would be like an electronic engineer discussing circuit board design and assembly on a forum aimed at people discussing finance. I dont quite comprehend how completely and utterly retarded you need to be to think that this is the sort of place where that level of technical discussion would be had. Do you go to the hardware store to buy bread and milk? Do you go to the gym to catch up on your reading? Do you masturbate at the family dinner table during thanksgiving?

3) This was your PM you sent to me a few weeks back

"read your posts....i like them

Do you still do investment?

It will be nice to discuss various investment/trading vehicles with somebody that has a business sense."

Oh my. Lets discuss the ways in which this shows me you dont know what a lavatory even looks like, but probably shit in a hole you dug outside in the garden yourself. "Do investment"? "DO INVESTMENT"? What is "doing investment"? Is this like, herp a derp, doing lawyering? Is it like doing salesmaning? Is it like doing internetting business? Is it like doing book writing?

As for "trading vehicles?" What does that even mean? It sounds like you stumbled on some basement dwellers blog FFS.

So I ask you again. Who are you trying to impress with this nonsense and where the hell is the attitude coming from? What sort of professional broker would come to a forum like this looking to exchange technical trading tips?

You are not a shark in a fishpond, you are a fish out of water you fucking muppet.

[Entropy]

Today i received a PM from Roosh warning me about being too....abrasive....Prior to today, he already suspended me for a week because i once called somebody "a selfish bastard"....Now, after telling you, mrs hooligan_harry(you come across more like "sissygirl_sally", actually) to go clean a lavatory, I am now on top of his shitlist, rooshv noted.
That is the only thing shielding you from me right now, hooligan harry.
If i reply to your incredibly misguided and error-riden post(below) --a clear example of WHAT NOT TO DO with trading--if i reply to that the way i truly fucking wanted to, two things will most likely happen:
(a)After i have ferociously torn you into a thousand singing pieces, you will crawl up into a corner shaking like a boy that have had his testicles messily grounded up by the teeth of rabid rotweillers. The second thing that will most likely happen is that rooshv will suspend me indefinitely, if not outright ban me. You wrote a measly insulting weak sauce of a post and you think you can engage me? oh really?....Please, take a seat....your atrophied brain can't even piece together how learning to be a good trader fits into location-independent lifestyle of fucking chicks and travel. You silly little boy.

Rooshv seems to be partial to the old timers here. They help build this forum.

I promised rooshv that henceforth i will do my best to be civil giving his latest warnings.

If you want to see me beat the daylight out of you the way a Pimp beat a diseased street whore on Christmas's eve....write a PM to rooshv, imploring him to not ban or suspend me for any lacerating thing i might say to you. Then, you will feel the pain of a 35 centimeters threading needle soaked in scorpion pepper being surely and slowly driven up your nutsack.

Of course, since you an old timer on this forum....you can write stuff like the below(insulting me) and not get any reprimand, while i, on the other hand, called somebody a "selfish bastard" and guess what? i received a WEEK suspension. I told you, sissygirl_sally, to go clean a lavatory and the PM response from rooshv let me know i am now at the top of his shitlist.

C'est le vie.

Oh yes, one last thing: that email you got from me that was getting you soo excited like a retard overdosing on E. was a copy and paste job i sent to about 12 other people on this forum. So, dont get too excited about it. I merely searched the database for any random person that have written something on investment or business. Wrote 3 different emails and copy/paste it to all of them. You must be in the group of 12 or so that received that specific email.

I will end this post without letting out the kraken. I promised rooshv i will be civil. I want to try and keep to that.

Good day.

(02-29-2012 09:16 PM)Hooligan Harry Wrote:  

Wahahahahahahahaha

You really want to play this game? Ok, then

1) Pip Trading. What you do online like a robot, real investors AUTOMATE. While you scratch out a tiny profit using a soul crushing, methodical, repetitive process that anyone who could download a PDF could learn if they had the time, the REAL INVESTORS are using broking firms that offer high frequency and algorithmic trading. Its an over the counter service these days, YOU TWIT, and accounts for over 70% of most trades in developed markets. You want to talk amateurish? You stumbled across a get rich quick scheme and have dedicated a great deal of time and money to a dead art. I hope your online tutorials did not cost you too much you fucking plonker

2) You discussing technical financial investment and analysis ON A LIFESTYLE FORUM would be like an electronic engineer discussing circuit board design and assembly on a forum aimed at people discussing finance. I dont quite comprehend how completely and utterly retarded you need to be to think that this is the sort of place where that level of technical discussion would be had. Do you go to the hardware store to buy bread and milk? Do you go to the gym to catch up on your reading? Do you masturbate at the family dinner table during thanksgiving?

3) This was your PM you sent to me a few weeks back

"read your posts....i like them

Do you still do investment?

It will be nice to discuss various investment/trading vehicles with somebody that has a business sense."

Oh my. Lets discuss the ways in which this shows me you dont know what a lavatory even looks like, but probably shit in a hole you dug outside in the garden yourself. "Do investment"? "DO INVESTMENT"? What is "doing investment"? Is this like, herp a derp, doing lawyering? Is it like doing salesmaning? Is it like doing internetting business? Is it like doing book writing?

As for "trading vehicles?" What does that even mean? It sounds like you stumbled on some basement dwellers blog FFS.

So I ask you again. Who are you trying to impress with this nonsense and where the hell is the attitude coming from? What sort of professional broker would come to a forum like this looking to exchange technical trading tips?

You are not a shark in a fishpond, you are a fish out of water you fucking muppet.

[jdelisi]

All I know is when people start posting investment analysis on a public forum, it is time to sell everything and park my money in a savings account.

I few years back the guy who owned the deli in my neighborhood starting telling me what a great investment real estate was. That was the day I should have put my apartment on the market.

[Entropy]

(03-01-2012 12:08 PM)jdelisi Wrote:  

All I know is when people start posting investment analysis on a public forum, it is time to sell everything and park my money in a savings account.

I few years back the guy who owned the deli in my neighborhood starting telling me what a great investment real estate was. That was the day I should have put my apartment on the market.

I think it was called the 'front page of of major magazine" Contrarian indicator. When it has made it to the front page of Time magazine....or Barron's...or NYT...or...pick on.....it is time to get out. Not exact science....

Of course, i wont based a decision solely based on this....It shows a supersaturation level....every body that wants to be in are already in.

[Samseau]

(03-01-2012 12:08 PM)jdelisi Wrote:  

All I know is when people start posting investment analysis on a public forum, it is time to sell everything and park my money in a savings account.

I few years back the guy who owned the deli in my neighborhood starting telling me what a great investment real estate was. That was the day I should have put my apartment on the market.

It's not like this forum represents mainstream interests.

[thegmanifesto]

This thread was literally started on the perfect day to buy stock.