Today in the economy

[CGM]

So Sheep, if you want to learn more about economics, why not just take a college course or two?

I plan on it, my plate is full for the time being, I've been working 50-60 hours a week and I'm taking two programming classes already. Economics is a hobby for now, it seems to be more and more the topic of conversation. I guess it's about time I get a little edumucated.


CGM, thanks for the link, I already have an investing strategy deployed, and I gained 1% last year, doesn't sound like much, but compared to the 40% lost in the S&P I feel pretty confident that it is a functional strategy in bull and bear markets. And yes part of it has been buying down broad based ETF's which are really cheap especially today, with my time horizon being about 20 years, I can't pass up this sale.

I'd say +1% is great in these conditions. I know my father, who is a 40 year verteran of playing the markets and knows his stuff, took an absolute pounding because it has always been his strategy to more or less ride things out and not panic when things get bad fo a while.

Sounds like you are not really a beginner then. Motley Fool has some more advanced stuff on stock valuation that might interest you.

[killersheep]

So Sheep, if you want to learn more about economics, why not just take a college course or two?

I plan on it, my plate is full for the time being, I've been working 50-60 hours a week and I'm taking two programming classes already. Economics is a hobby for now, it seems to be more and more the topic of conversation. I guess it's about time I get a little edumucated.


CGM, thanks for the link, I already have an investing strategy deployed, and I gained 1% last year, doesn't sound like much, but compared to the 40% lost in the S&P I feel pretty confident that it is a functional strategy in bull and bear markets. And yes part of it has been buying down broad based ETF's which are really cheap especially today, with my time horizon being about 20 years, I can't pass up this sale.

I'd say +1% is great in these conditions. I know my father, who is a 40 year verteran of playing the markets and knows his stuff, took an absolute pounding because it has always been his strategy to more or less ride things out and not panic when things get bad fo a while.

Sounds like you are not really a beginner then. Motley Fool has some more advanced stuff on stock valuation that might interest you.

I personally am a fan of investopedia.com there is a great wealth of knowledge there, it is much more dry than the Fool.com, but I don't have to register to read the full articles.

My true interest right now is the bigger picture though how these international affairs inpact daily life and how great the impact of each cog in the global economy effects everything around it. It is a bit muddled right now because all news seems to be bad news. I have a different way of looking at things right now. There is much opportunity for those that have the patience to plan. Equipment for new businesses and contractors are cheap, there are plenty of prime real estate for business and residential that are at great prices for those responsible with money.

[Spicoli]

Don't spend what you have never had.Dumb it down and carrry no notes,payments,contracts or such.Really iss time to scrimp on capital