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  #1  
Old 08-04-2011, 05:27 PM
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How are your investments?

My Roth IRA is tanking (again). Good grief... so much for doing the "smart" thing and investing as much as I can.

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  #2  
Old 08-04-2011, 05:31 PM
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Aren't you then, buying low?
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  #3  
Old 08-04-2011, 05:34 PM
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Originally Posted by MTI View Post
Aren't you then, buying low?
Yeah, yeah -- I am still investing my max per year, but it's just frustrating. I know mine will be alright in the long run, but it's tough for folks like my parents, who invested faithfully their entire lives and are seeing the value of their portfolios tank.
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  #4  
Old 08-04-2011, 05:41 PM
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Yep, looks like Wall Street just gave their vote of no confidence on the debt deal - down 512 points - and oil dropped nearly $10 to $86/barrel for WTI.

One hell of a birthday present for the O-man.
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  #5  
Old 08-04-2011, 05:42 PM
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oil dropped nearly $10 to $86/barrel for WTI.
Hey, THAT'S good news -- I need to fill up!
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  #6  
Old 08-04-2011, 05:44 PM
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I just looked out the window. They are doing well thank you. As far as monetary investments, the only thing I have to watch anymore is my Apple stock, which I bought at around 20 dollars. The best place to put extra money these days is in guns. I have been realizing 25 percent gains on weapons I've picked up and turned around in less than a month. Right now there's a sweet spot 1:1 ratio between people who desperately need to sell their guns to make rent payments and wacked out goofballs who are hoarding because "Obammy's gonna take away all our guns!!"
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  #7  
Old 08-04-2011, 05:46 PM
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From yesterday, it looks as though gas dropped from 3.08/gallon to 2.75/gallon (trading price, not what we pay), and heating oil (ie, distillates/diesel) went from 3.05 down to 2.90.
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Just say "NO" to Ethanol - Drive Diesel

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  #8  
Old 08-04-2011, 05:46 PM
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Originally Posted by retmil46 View Post
Yep, looks like Wall Street just gave their vote of no confidence on the debt deal - down 512 points - and oil dropped nearly $10 to $86/barrel for WTI.

One hell of a birthday present for the O-man.
He willl just have to be satisfied with all the $36,000 per plate guests at his fundraiser tonight.
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  #9  
Old 08-04-2011, 05:49 PM
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He willl just have to be satisfied with all the $36,000 per plate guests at his fundraiser tonight.
That's if any of them have any funds left to raise after today.
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Just say "NO" to Ethanol - Drive Diesel

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'87 300D 212K miles
'87 300D 151K miles - R.I.P. 12/08
'05 Jeep Liberty CRD 67K miles
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  #10  
Old 08-04-2011, 05:50 PM
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Originally Posted by elchivito View Post
I just looked out the window. They are doing well thank you. As far as monetary investments, the only thing I have to watch anymore is my Apple stock, which I bought at around 20 dollars. The best place to put extra money these days is in guns. I have been realizing 25 percent gains on weapons I've picked up and turned around in less than a month. Right now there's a sweet spot 1:1 ratio between people who desperately need to sell their guns to make rent payments and wacked out goofballs who are hoarding because "Obammy's gonna take away all our guns!!"

I discovered that the Garand I have is worth considerably more than I paid for it 6 years ago, but it's not going anywhere. I, too, have noticed the paranoid types are really paying top $ for certain guns. I guess I ought to watch the local auctions better; last winter, the semiannual gun sale in our area seemed quite high (price-wise). Guess the best pickings are for buyers who advertise, not average Joes like me. I'm never there when the desperate seller needs rent $; oh well!
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  #11  
Old 08-04-2011, 05:57 PM
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I've been advertising on backpage, offering to buy semi auto 40's, 9's and shotguns. I've bought some so cheap that I was able to go directly to the Pawn shop and make 10 percent selling them there without even going home. It's nuts, and dead easy at least here in Gabby Gifford's territory.
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  #12  
Old 08-04-2011, 06:02 PM
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Originally Posted by elchivito View Post
I've been advertising on backpage, offering to buy semi auto 40's, 9's and shotguns. I've bought some so cheap that I was able to go directly to the Pawn shop and make 10 percent selling them there without even going home. It's nuts, and dead easy at least here in Gabby Gifford's territory.
Wish I could say I'd be comfortable doing that here in IL, but I'd be lying.
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  #13  
Old 08-04-2011, 06:02 PM
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Quote:
Originally Posted by elchivito View Post
I just looked out the window. They are doing well thank you. As far as monetary investments, the only thing I have to watch anymore is my Apple stock, which I bought at around 20 dollars. The best place to put extra money these days is in guns. I have been realizing 25 percent gains on weapons I've picked up and turned around in less than a month. Right now there's a sweet spot 1:1 ratio between people who desperately need to sell their guns to make rent payments and wacked out goofballs who are hoarding because "Obammy's gonna take away all our guns!!"
Amen Brother. Bought a NIB SW29 + NIB Anaconda for $375 fifteen years ago. What are they worth now? Even 10 years ago a tight 1930's WIN94 was less than $200.
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  #14  
Old 08-04-2011, 06:05 PM
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Not much has fundamentally changed since 2 weeks ago. Job numbers aren't great but not unexpectedly horrible. Big 3 car sales are up 10-20%. It looks like an orchestrated barrage of bad news that isn't so bad to warrant such a big drop. There is some herd mentality going on here.
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  #15  
Old 08-04-2011, 06:07 PM
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Not much has fundamentally changed since 2 weeks ago. Job numbers aren't great but not unexpectedly horrible. Big 3 car sales are up 10-20%. It looks like an orchestrated barrage of bad news that isn't so bad to warrant such a big drop. There is some herd mentality going on here.
I can report that my IRA has fundamentally changed over the past 2 weeks (and, even more dramatically, over the past couple of years). But I get your point...

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