Its in Amsterdam. Banks created "turbos" and "sprinters", etc that offer you leverage on certain stocks, so that you can double, triple, etc your profits, or in this case, losses.
lol sounds like a great idea. Lesson 5 Don't use excessive leverage when you are just starting out Stick to paper trading for awhile and keep excessive notes. Test out as many ideas as you can think of and try to figure out what is actually moving the market. It's not easy, but it's how I learned and I have done alright.
Wow google bought motorola the makers of droid. They just told apple we ain't scared. It's also kind of sad that a company that invented the cell phone and did so much for technology in general got bought be a company that's been around for a decade. Microsoft needs to go buy rim and nokia. I would like to see apple try to fight a patent war with motorola and samsung.
Was going to start a new thread but figured it fit better in here. Looking for some advice. Basically, I'm graduating college in December and I have been working for the past few months making decent money with a job that figures to translate to full-time as soon as I graduate. I have about $5,000 dollars right now to invest. Currently, it's sitting in a bank savings account with an interest rate so low that I'd be better off spending it on gold so it doesn't lose any value. I'm not looking to invest this money long-term, maybe just two years. What are the best options that I should look into?
Wow that is really starting to say something about gold....anyhow... Like OrangeRowdy said AAPL is a pretty safe place for your money. NLY is a relatively safe investment for the next 2 years that pays high dividends as well. I don't recommend NLY longer than 2 years, but it would seem to be safe for now due to the Fed capping rates thru 2013.
Then why wouldn't you put it in gold? Seems like you've answered your own question. Any asset classes that have performed better than gold the past 2 years? Past 10 years? Not that I recommend chasing it. But for the next 2 years, why not?
What it says is that for your regular Joes looking to invest, gold is still apparently only an afterthought, even if it is on the tip of their tongues, staring them in the face, they are still asking what else they could invest in. Bodes well for the next 2 years for gold bugs.
Or silver, where I have just a small investment. No one talks about gold as much as they should, but even less talk about silver. Look at percentage gain since gold took off just a few years ago, then look at silver. Silver is far outpacing gold at the moment. Then look at the fact that silver is commercially used in electrical devices and over the last 25+ years, we've been consuming it more than finding it, it's only become more and more rare.
I remember first buying some silver in the fall of 2008 hoping the $13 I was buying it for would become a good profit if it hit $18-20, now it's double where I thought a good sell point was. Glad I kept about half of it.
Speaking of bubbles, at the height of one, people are looking for every excuse to get into it. Not looking for excuses to NOT get in, or asking about investing in other things. As for silver, it is just a more volatile little cousin of gold. Yes it has been up more, but on the pullbacks it goes down more too. Yes it has industrial uses, but if the economy falters, and fear is in the streets, silver might be cast aside with everything else, while they continue to rush into gold. Everything being equal though, yes it should do well as long as gold continues to shine, so to speak.
That's what I'm thinking anyway, silver will definitely be ignored more so if things get worse and everyone and their mom start looking to get into gold. But someone who's a few years away from 30, silver looks like a pretty fine investment. I think before I'm 40 or 45 I'll see $65+ silver, being conservative anyway.
Not sure about investing in PMs beyond 2 years. I do believe we will dig our way out of this mess eventually, the economy that is. But until then, they should make a bubble out of gold. Bubbles do pop though.
I could be wrong, but the way I look at it, silver is used industrially for electronic goods, the world in itself is becoming more modernized with different gadgets being made and distributed throughout. A lot more silver is being used when compared to gold as far as in consumer products. Over a few decades we've been using it more than we've been finding it. Gold's bubble will pop but I don't see it going down a whole lot, probably in the $1400 range when the market corrects itself. Silver will just continue to be used without a suitable replacement as of yet.
I think a lot of people prefer the "steady rise" of gold vs. the roller coaster ride that silver seems to have every other week. Not to mention, I think the reason silver's gone up so much is in part because it's a precious metal that's cheaper than gold, so people piled into it when gold went up as an alternative of sorts. What industry has caused silver prices to rise and fall so much that isn't taking copper, steel, etc. with it? But, there are probably others here that know more about that than I do. I've been sitting on gold for a while and will buy more if it dips. BTW, I do own a bit of SLV... for kicks. :grin:
Great job on that DoD. Like all good things eventually this may end. I wouldn't bet on the Dollar going to zero, so I'd keep an eye on this as opposed to set it and forget it like for other types of investments. Then again, no currency in the history of man has passed the test of time(or really human incompetence), so maybe it is a good hedge for that. In fact, every currency in history has ended on the path we seem to be headed, spiraling debt. Again, I am optimistic and wouldn't bet on that this time around, but obviously the mere possibility of it has given the PMs a nice little(huge) bull run.
http://www.zerohedge.com/news/fed-no-longer-plunge-protection-business-es-well-plunges Can I get a little rep love for letting ya'll know about this before the media knew about it?
