James Altucher:Dow going 20000. But don't buy stocks [General] - MarketTicker Forums


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User Info	James Altucher:Dow going 20000. But don't buy stocks in forum [General]
Inez Posts: 360 Incept: 2009-07-08	On yahoo tech ticker. http://finance.yahoo.com/blogs/daily-tic.... Explains it more on his blog '10 Reasons You Should Never Own Stocks Again' http://www.jamesaltucher.com/2011/04/10-.... 2011-04-29 18:16:32 Permalink
Jinxx0r Posts: 4230 Incept: 2007-08-10	Quote: 8. Competition, part IV. Some trading firms set up their operations right next to the buildings with the computers that process all the trades on the exchanges. They then pay for high speed cables to go right into these exchanges so their trades get their before yours. These guys make a lot of money in the markets by getting in the middle of every bid-ask faster than anyone else can. Its a race to the bottom but billions are made. So we see now the way to huge wealth is to either trade in millionths of a second or to hold huge blocks of your net worth in one stock for years. This is not a good strategy for 99.9% of people. This is the reason I no longer invest in the stock market. I do own stock in the company I work for, but that's because it's given to me as part of my pay and I can't do anything with it until I retire... 2011-04-29 18:29:45 Permalink
Jinxx0r Posts: 4230 Incept: 2007-08-10	The money shot... Quote: The best way to take advantage of a booming stock market is to start a company. Because everything goes up. If you have an extra $50,000 don’t put it into stocks. Put it into yourself. You’ll make 10,000% on that instead of 5% per year. 2011-04-29 18:32:16 Permalink
Azengrcat Posts: 184 Incept: 2010-05-31	I like his ten reasons. Warren Buffet wants to*****you! 2011-04-29 18:34:32 Permalink*
Poyayan Posts: 1469 Incept: 2007-11-27	Why is this guy talking about stock? If he is so sure DOW will reach 20000, mortgage his own home and put everything in DOW index fund. If he is not doing that, he is BSing. His 10 reasons on why you shouldn't invest in stock can sum it up in 1 reason : You don't understand the stock market enough to invest in. Guess what, if you don't know the math and rules of poker and you go in winging it. Yes, you get taken. 2011-04-29 18:34:44 Permalink
Mayorquimby Posts: 13909 Incept: 2008-09-18 The Archaic Past	Things are getting nauseatingly bullish for everything except dollars. I am soooooo tempted to go ape**** short here. I just...can't though. ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2011-04-29 20:22:32 Permalink
Inez Posts: 360 Incept: 2009-07-08	Apparently Altucher has reiterated the forcast of DOW 20,000. Quote: Today, with the Dow at 13,000, Altucher reiterated that forecast. He has lengthened the time horizon somewhat—it might take until early 2013 for the Dow to hit this level, he now says—but he's sticking to his guns. Why? Basically, he says, because everything's getting better. http://www.businessinsider.com/james-alt.... 2012-02-27 20:00:38 Permalink
Fraudster Posts: 4173 Incept: 2011-05-10	Please stop posting this jackasses material. ---------- *"Let China sleep, for when she wakes, she will shake the world."* - Napoleon Bonaparte *"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]."* - Foundation & Empire by Isaac Asimov 2012-02-27 20:38:33 Permalink
Lemonaid Posts: 9879 Incept: 2008-01-20 Metro Detroit	Break out the Ralley Monkey ! ---------- "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises 2012-02-27 21:33:03 From PDA Permalink
Gen_maximus57 Posts: 4580 Incept: 2007-09-03 Tampa	Quote: You don't understand the stock market enough to invest in. The only thing you need to understand is technicals, everything else is bull***, lies and deception. I personally, am not disciplined enough to follow this strategy, so I collect my 3% on CDs.. 2012-02-27 22:27:34 Permalink*