Buy US Stocks Ya'll

[Zujo]

I like to follow Warren Buffett's lead. Back in March and April he started shopping, investing in Goldman Sachs, GE and other blue chip companies who had taken a severe beating. So, I started buying blue chip companies who had taken a beating - and I've made a profit of more than 400% on my not-insignificant investment.

However the last couple of weeks have been rough. The market has retreated and there is lots of talk about 'echo bubbles' and that we may see a severe market correction soon - stocks have gone up too fast etc. Many people are no doubt taking profits now and sitting on the sidelines.

Then this past week Warren Buffett made his biggest purchase ever buying BNSF Railroad for tens of billions of dollars, calling it 'an all-in bet on the US economy'. That is all I need to hear. This recession/depression/crisis or whatever you want to call it is over.

So instead of cashing out my winnings, I've decided to leverage them 2:1 (the maximum allowed) and buy more of the stocks I already have, and add two new ones. I began with BAC, GE and MGM - and have added GS and GOOG.

Anybody with disposable income they aren't investing currently would be wise to enter the stock market now imo. Many stocks have taken a beating the last couple of weeks and are trading at a discount of 5-10%+ of what they were last month.

Disclaimer: This is not financial advice. If you are seeking financial advice, you should speak with a professional. Investing in stocks is risky and you may go busto if you do what I've suggested.

[Jeremy]

Personally I can't argue with where the market has gone over the past few months. However it is also one of the riskiest times in history to get your USD deep into stocks.

Just like many people are investing in precious metals, Warren Buffet is no idiot and put his billions into something tangible versus fake inflated paper.

If you look at the future of the stock market, the future of the USD, and the future of the overall economy, there are some very scary things to take into account. The looming risk of a commercial real estate collapse will be worse than housing. If unemployment keeps rising, things are going to get much worse before they get better. Likewise the derivatives market still hasn't been unwound. In fact, mathematically it is not even possible to be fixed with any amount of bailout.

You can only run the printing presses so long and keep throwing gasoline (in this case new dollars) on a fire before you have to pay the piper at some point.

Although really, the man behind the curtain is Goldman Sachs manipulating the market every day.

Anyhow, it is a gamble both ways. I don't think last March anyone would believe the Dow would be at 10,000. So in this fuc*** up world who knows. The Dow could shoot up to 50K in a year or down to 1000 in a a week.

[Gydian]

Metals is where it's at. Hesitated on a stock that woulda made $9800 in a day. That's whatcha get when you play with the markets though.

However, I do agree, now is the time to jump in, but only do so if you've got money you can handle losing.

[CoolDog]

I think I'd go for precious metals over stocks at this point.

Gold and silver are expected to double in the next couple of years.

[Zujo]

I agree Gold is looking hot right now and that the dollar is likely to keep losing its value. However as the dollar loses its value stocks generally increase in value - the reasons for which I'm not certain but I know the two have an inverse correlation.

[bonusbeast]

With this market I would continue to invest steadily week after week or month after month, don't put all your money in at once. This market could make a huge move in either direction.

[Graham]

I think I'd go for precious metals over stocks at this point.

Gold and silver are expected to double in the next couple of years.

You really think its gonna double to around $2300 an ounce??? That seems like an insane jump considering the past 10 years. If anything based on that chart it should come down a bit. Seems like a risky play imo.




Invest in your sites people, don't let shady companies you have no control over play with your money.

[jdwanchalk]

Anyone with a substantial amount of money who does not have a ton of it in gold/silver is an idiot. The value of metals has lasted thousands of years, your stake in a company is only good until they fuck something up.

[CoolDog]

I heard that on an investment show, and It just might.

When the American dollar really tanks (and I believe it will), Gold will go up.

You really think its gonna double to around $2300 an ounce??? That seems like an insane jump considering the past 10 years. If anything based on that chart it should come down a bit. Seems like a risky play imo.

[PokerDude]

Stay clear of stocks, until we see a correction. We've had roughly a 50 % run-up over the last year. Why buy at the top ?? Given all the doom and gloom out there, I can see a healthy correction in the making. HINT: Google "NYSE Bullish % Index", and use this index to gauge your longer-term outlook, and when you should buy and sell. Currently, the index is in a BEAR mode.