Investments? Where to put my money?

[bigchiller]

Hey guys,

I'm wondering WTF I should do with my money these days. Stocks seem to be going lower each day, economic news is getting worse, we've just had a major bank fail, and inflation is becoming a bigger risk.

Right now I have a small position in EMC (i'm down about 25%) and the rest is in cash. I'm also continuing to fund my 401k and putting contributions in BREAX. My current plan is to continue to stock money away in fixed rate savings while leaving my 401k untouched and hope that in the future (after things have bottomed out) that I'll be able to buy some names such as KMX, C, and CMG on the cheap.

Should I be investing anything in the meantime? What about gold, oil, internationals? Is anything safe?

 

[Cdubneeddeal]

Can't go wrong with the oil market especially now. I'm imagining the Chinese market is a no brainer. But that's just my opinion.

 

[Special K]

When do you plan on retiring? If you don't need the money within the next few years, who cares about the volatility going on right now?

 

[bonkers325]

chinese market is hitting roadblocks, inflation is at its highest

watch the financials, GS hit its 52 week low today, but i think the bottom has yet to be reached. i'm thinking around $130 would be a good entry point for GS

edit: if you dont care about volatility and prefer long term growth, pick a strong stock now while they are low. determine how many shares u want, and buy it in increments so u can average down if needed

 

[JS80]

Originally posted by: bonkers325
chinese market is hitting roadblocks, inflation is at its highest

watch the financials, GS hit its 52 week low today, but i think the bottom has yet to be reached. i'm thinking around $130 would be a good entry point for GS

GS's LBO paper is going to blow up. Short that shiz.

 

[bigchiller]

Originally posted by: Special K
When do you plan on retiring? If you don't need the money within the next few years, who cares about the volatility going on right now?

I'm only 24, so not for awhile. My money is split into 2 categories:

1) retirement. 401k, roth IRA, etc. I'm not touching this money, not worried since i'm retiring so far in the future.

2) Personal money.

 

[bigchiller]

Originally posted by: JS80

Originally posted by: bonkers325
chinese market is hitting roadblocks, inflation is at its highest

watch the financials, GS hit its 52 week low today, but i think the bottom has yet to be reached. i'm thinking around $130 would be a good entry point for GS

GS's LBO paper is going to blow up. Short that shiz.

do you recommend purchasing puts on GS?

 

[bonkers325]

Originally posted by: JS80

Originally posted by: bonkers325
chinese market is hitting roadblocks, inflation is at its highest

watch the financials, GS hit its 52 week low today, but i think the bottom has yet to be reached. i'm thinking around $130 would be a good entry point for GS

GS's LBO paper is going to blow up. Short that shiz.

i dont put GS in the category of financials that will crash... but thats just my opinion

 

[mcmilljb]

Buy Euros for the short-term. They seem to be the only thing going up or staying level. The oil bubble is ready to burst.

 

[LegendKiller]

Originally posted by: Cdubneeddeal
Can't go wrong with the oil market especially now. I'm imagining the Chinese market is a no brainer. But that's just my opinion.

How is China a no-brainer? China crap is more expensive now thanks to the falling dollar, america crap is quickly becoming cheaper. China's inflation is skyrocketing and exceeding their GDP growth, so stagflation there. Since Americans are hunkering down and reducing consumption overall (excluding currency effects) it will further reduce china crap demand. There's civilian uprising which may get worse and the Chinese Olympics may be a bad spot in olympic history.

I don't see China as any kind of no-brainer right now.

 

[LegendKiller]

Originally posted by: JS80

Originally posted by: bonkers325
chinese market is hitting roadblocks, inflation is at its highest

watch the financials, GS hit its 52 week low today, but i think the bottom has yet to be reached. i'm thinking around $130 would be a good entry point for GS

GS's LBO paper is going to blow up. Short that shiz.

GS has a lot of diversificiation, not to mention they can go to the Fed windows now.

 

[bigchiller]

Do you think gold is a good investment at this point, LegendKiller?

 

[Noirish]

Make your decision when next wave of earnings start coming out.
I predict bad news in financial and homebuilder sectors to drag on.

 

[Audiotherapy]

fidelity gold fund FTW!

 

[D1gger]

My wife and I have put a good chunk of our investment capital in gold & silver for now.

 

[imported_Lothar]

Originally posted by: bonkers325

Originally posted by: JS80

Originally posted by: bonkers325
chinese market is hitting roadblocks, inflation is at its highest

watch the financials, GS hit its 52 week low today, but i think the bottom has yet to be reached. i'm thinking around $130 would be a good entry point for GS

GS's LBO paper is going to blow up. Short that shiz.

I dont put GS in the category of financials that will crash... but thats just my opinion

What he said.

 

[imported_Lothar]

Originally posted by: bigchiller
Hey guys,

I'm wondering WTF I should do with my money these days. Stocks seem to be going lower each day, economic news is getting worse, we've just had a major bank fail, and inflation is becoming a bigger risk.

Right now I have a small position in EMC (i'm down about 25%) and the rest is in cash. I'm also continuing to fund my 401k and putting contributions in BREAX. My current plan is to continue to stock money away in fixed rate savings while leaving my 401k untouched and hope that in the future (after things have bottomed out) that I'll be able to buy some names such as KMX, C, and CMG on the cheap.

Should I be investing anything in the meantime? What about gold, oil, internationals? Is anything safe?

BREAX has a 1.62% expense ratio
Your 401k doesn't have a better mutual fund?

The reason I sold PRLAX after holding it for 3 years was...
1.) EM's will pop.
2.) The 1.24% expense ratio was too high.

If I were you, I wouldn't invest in any fund that has a total expense ratio of more than 1.00%

 

[imported_Imp]

Be a wiener like me and out it into a crappy GIC/Savings account with about 3% interest...

 

[OS]

treasuries, cuz getting your money back is better than losing it

 

[hiromizu]

CEF

 

[overst33r]

Have you maxed out your Roth IRA and 401K contributions?

 

[JS80]

Originally posted by: LegendKiller

Originally posted by: JS80

Originally posted by: bonkers325
chinese market is hitting roadblocks, inflation is at its highest

watch the financials, GS hit its 52 week low today, but i think the bottom has yet to be reached. i'm thinking around $130 would be a good entry point for GS

GS's LBO paper is going to blow up. Short that shiz.

GS has a lot of diversificiation, not to mention they can go to the Fed windows now.

KFN is prob better short candidate. they do SIV and lever up on bank loans (LBO). Should be next thing to blow up.

 

[JS80]

Originally posted by: bigchiller

Originally posted by: JS80

Originally posted by: bonkers325
chinese market is hitting roadblocks, inflation is at its highest

watch the financials, GS hit its 52 week low today, but i think the bottom has yet to be reached. i'm thinking around $130 would be a good entry point for GS

GS's LBO paper is going to blow up. Short that shiz.

do you recommend purchasing puts on GS?

NO NO NO NO NO

Originally posted by: bonkers325

Originally posted by: JS80

Originally posted by: bonkers325
chinese market is hitting roadblocks, inflation is at its highest

watch the financials, GS hit its 52 week low today, but i think the bottom has yet to be reached. i'm thinking around $130 would be a good entry point for GS

GS's LBO paper is going to blow up. Short that shiz.

i dont put GS in the category of financials that will crash... but thats just my opinion

Read their 10-K and tell me if their balance sheet makes any sense.
When their SIVs get light shed on and their LBO paper starts to rot the only thing that can save them is if they have massive short positions against themselves and their peers.

 

[JS80]

Originally posted by: LegendKiller

Originally posted by: Cdubneeddeal
Can't go wrong with the oil market especially now. I'm imagining the Chinese market is a no brainer. But that's just my opinion.

How is China a no-brainer? China crap is more expensive now thanks to the falling dollar, america crap is quickly becoming cheaper. China's inflation is skyrocketing and exceeding their GDP growth, so stagflation there. Since Americans are hunkering down and reducing consumption overall (excluding currency effects) it will further reduce china crap demand. There's civilian uprising which may get worse and the Chinese Olympics may be a bad spot in olympic history.

I don't see China as any kind of no-brainer right now.

I would argue China is a no brainer short...buy FXP.

 

[freegeeks]

long positions on oil, that what I'm doing as a long term investment. Prices will go up in short and long term. With the weak dollar, oil producing countries have actually zero intentions of producing more oil to keep the prices down. Together with all the speculation going on, there is only way and that is up. For long term, oil will be more and more a scarce commodity. There are hundreds of millions of Indians and Chinese that will become middle class and will buy a car. If you read some reports, we are basically at peak production for the cheap oil. New production will have to come from sites that are far more expensive to explore which means a high demand coupled with expensive to dig up

just my 0,2 eurocent