Quote Originally Posted by Kirkland Laing View Post
Quote Originally Posted by walrus View Post
I actually understand where you are coming from miles but I have had stocks go from thirty to ninety dollars overnight. To clarify, I am not rich but I do look for ways to increase my cash flow. Right now most of my stocks are safe picks like proctor and gamble which in ten years I never lost money on but these types of stocks have a slow climb up. I do think we might be heading for a correction but I am merely looking to make my future more comfortable, I don't expect to hit it big. I think we should all prepare for the future and stocks are one decent option to do so.
A few years ago your stock portfolio halved in value over the course of about a year. Due to the fucked up financial system we have now future massive busts are guaranteed to happen. Right now the market is at an all-time high. Maybe it would be a good idea to sell up at some point when you think the market has maxed out, stay holding cash and wait for the market to crash again, then buy the dip.

I know almost nothing about individual stocks but big brand firms like Proctor and Gamble are going to suffer massive attrition from generics and supermarket brands over the next decades due to income inequality forcing people to save money by buying the own-brand stuff.
Yes, now that I've made some decent money with p and g I've been thinking of doing something different with it.