StarDestroyer.Net BBS

the stock market, the American indexes over the past 2 quarters or so have gone up! hell i'm making money again! The DJIA is up around 9600 again, within a good week striking distance of the great 10,000! Shit, half a year ago it was down around 7500. And mutual funds, most of mine (like MFS Emerging Growth, MFS Large Cap Growth-A for example) popped 15-20% in the quarter just ended and are jumping 2%/week so far this quarter! Anyone else having good results? Thoughts?

*cough*TAX CUTS*cough*

*cough*people buy more stocks when their dividends aren't taxed*cough*

I'm excited though, I'm thinking about maybe putting my IRA in a money market fund.

Durran Korr wrote:*cough*TAX CUTS*cough*

*cough*people buy more stocks when their dividends aren't taxed*cough*

I'm excited though, I'm thinking about maybe putting my IRA in a money market fund.

seriously! see how reality deflates rhetoric! Now imagine how much money the average John and Jane Doe can make when they are allowed to invest their social security deductions how they see fit without the godawfully wasteful government sticking it's finger in.

What!!! You are making money.... that is wrong and evil.... now give it all back to the Gov. They know how to spend your money>

theski wrote:What!!! You are making money.... that is wrong and evil.... now give it all back to the Gov. They know how to spend your money>

Better yet, give it all to us. SDnet ownz thy soul, Crackpot!

Shinova wrote:

theski wrote:What!!! You are making money.... that is wrong and evil.... now give it all back to the Gov. They know how to spend your money>

Better yet, give it all to us. SDnet ownz thy soul, Crackpot!

Though we'll lend it back to you if you click the Paypal button.

Companies are still RIFFING employee's. Stocks go up when that happens. Things are slowly turning around, but there still isnt any hiring. So while your stocks might be doing better, there wont be light for us unemployeed/underemployeed for a long time.

I put about half my IRA back into the market a month ago or so. I should have done it in March. Its actually down about 3-5%. But you cant time the market so exactly. And anyway at the time, I needed the account to be cash just in case I needed to make an emergency withdraw.

TrailerParkJawa wrote:Companies are still RIFFING employee's. Stocks go up when that happens. Things are slowly turning around, but there still isnt any hiring. So while your stocks might be doing better, there wont be light for us unemployeed/underemployeed for a long time.

thats just the thing, employment is always the last thing to change. we saw that in the beginning of the recession. The market plunge started in early 2000, then the GDP started dropping and then employment fell. Now The markets are consistantly rising, the GDP is rising and then, when business leaders feel it safe again, hiring will increase.

I guess it's time to start that retirement account.