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The last few days have been pretty brutal for the US markets. I smell a buying opportunity approaching...

quote:

Originally posted by Choobak The last few days have been pretty brutal for the US markets. I smell a buying opportunity approaching...

US Dollar had been falling like rock for last two weeks.

Today its has made a reversal signal.

Is anyone investing in large cap consumer staples companies? Since mid 2004, I have been tucking away the majority of my retirement portfolio stocks of those companies: Diageo (DEO), Altria (MO), Nestle (NSRGY), Cadbury (CSG), Colgate (CL). While they haven't been blowing away the market, they've been producing steady above the market returns while paying out nice dividends. Even better, the sector is very defensive, so if this little correction turns into a full blown recession, they shouldn't suffer too big a decline. Remember, when things get bad, people drink (DEO) and smoke (MO) more...

Anyone else like this stuff?

quote:

Originally posted by Choobak Is anyone investing in large cap consumer staples companies? Since mid 2004, I have been tucking away the majority of my retirement portfolio stocks of those companies: Diageo (DEO), Altria (MO), Nestle (NSRGY), Cadbury (CSG), Colgate (CL). While they haven't been blowing away the market, they've been producing steady above the market returns while paying out nice dividends. Even better, the sector is very defensive, so if this little correction turns into a full blown recession, they shouldn't suffer too big a decline. Remember, when things get bad, people drink (DEO) and smoke (MO) more... Anyone else like this stuff?

Sure. You could always throw your money into the Vice Fund. They focus on guns, smokes, alcohol and gambling. VICEX. Theoretically somewhat defensive.

Did you know that if you invest $97 a month at the age of 23 in a mutual fund you will have a million when you turn 67? Its a fact. Now, if you start early like at 20 and put 1,500 into a fund imagine when you will have that first million and than imagine what you can do with that one million. I lost 1,100 dollars in the stock market so fund I want to get a job so I can put my money into a growth fund and dow index fund.

Shakke do you know what would be the quotes for that?

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Originally posted by Purple US Dollar had been falling like rock for last two weeks. Today its has made a reversal signal.

Time for update:

Since that post USD made a good recovery (thanks to fake fudged data), it has again started falling last week after bad numbers from US, this month is crucial, Feds cant just keep on raising rates forever to fight inflation. USD has reached a crucial level (atleast in speculation terms). Either a big fall or a nicer longer recovery from here.

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Originally posted by metalgearsolid Did you know that if you invest $97 a month at the age of 23 in a mutual fund you will have a million when you turn 67? Its a fact.

Assuming that mutual fund consistently produces returns which mirror this historical performance of the overall market, returning ~10-12% per year for that entire period. But yes, the more money you can put in earlier in the game, the more the power of compounding interest can make your meager pile of dough into something substantial by the time you retire. No returns are guaranteed, however.

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I lost 1,100 dollars in the stock market so fund I want to get a job so I can put my money into a growth fund and dow index fund. Shakke do you know what would be the quotes for that?

Sure--which index fund? There are more and more of them popping up all the time. You can buy "Diamonds" (DIA), which try to mirror the DOW Jones Industrial Index. You can buy "Spiders" (SPY) which mirror the broad S&P 500 Index. You could buy "Quad Q's" (QQQQ) which mirror the Nasdaq 100 tech stocks, or you could buy a Russell ETF (IWM) which corellates more with the Russell Small-Cap Index (smaller, riskier, potentially higher growth companies). Outside of that there are literally dozens of other possible ETFs that focus on a wide range of industries, geographies, or other parameters you may be looking for.

If all you want is to own an index fund that generally mirrors the broader market, SPY is probably a good safe bet. (Oh--and these ETFs generally pay dividends that are comensurate with whatever the underlying stocks pay out, which is nice too).

Shakka what about a precious metal fund?

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Originally posted by metalgearsolid Shakka what about a precious metal fund?

What kind of metal? GLD for gold. SLV for silver. There may be some others that are more broad based.

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Originally posted by Shakka What kind of metal? GLD for gold. SLV for silver. There may be some others that are more broad based.

Would steel be stl?

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Originally posted by metalgearsolid Would steel be stl?

Nope--that would be Sterling Bancorp. I don't think there is a steel ETF. Not that I would personally invest in it. At least in the sense that steel is not a precious metal and is not in short supply. Here are a few iShares ETFs for starters:

TICKER DESCRIPTION
ISI iShares S&P 1500
IVV iShares S&P 500
IJH iShares S&P MidCap 400
IJR iShares S&P SmallCap 600
OEF iShares S&P 100

ICF iShares Cohen & Steers Realty
IYM iShares Dow Jones U.S. Basic Material Sector
IYC iShares Dow Jones U.S. Consumer Services
IYK iShares Dow Jones U.S. Consumer Goods
IYE iShares U.S. Energy Sector
IYF iShares U.S. Financial Sector
IYH iShares U.S. Healthcare Sector
IYR iShares U.S. Real Estate
DVY iShares Dow Jones Select Dividend
IYW iShares Dow Jones U.S. Technology
IYZ iShares Telecommunications
IYY iShares Dow Jones U.S. Total Market
IDU iShares U.S. Utilities
IGE iShares Goldman Sachs Natural Resources
IGW iShares Goldman Sachs Semiconductor
TLT iShares Lehman 20+ Year Treasury
FXI iShares FTSE/Xinhua China 25
EWA iShares MSCI Australia
EWO iShares MSCI Austria
EWZ iShares MSCI Brazil
EWC iShares MSCI Canada
EEM iShares MSCI Emerging Markets
EWQ iShares MSCI France
EWG iShares MSCI Germany
EWJ iShares MSCI Japan
EWW iShares MSCI Mexico
EWS iShares MSCI Singapore
EZA iShares MSCI South Africa

There are plenty more--just go to www.ishares.com



iShares aren't the only ones out there. Check out www.powershares.com for more.

Shakka, I thought there was a IRC fund? You know a India Russia China Index fund?

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Originally posted by metalgearsolid Shakka, I thought there was a IRC fund? You know a India Russia China Index fund?

I wouldn't be surprised--there probably is one, though I don't have the ticker handy. Here's a mutual fund that focuses on emerging markets. Ticker is EMGAX. Description says the fund invests in emerging markets, such as, but not limited to, South Korea, Brazil, Russia, China, South Africa, Mexico, Taiwan, India and Malaysia.

I personally owned some EWS a while ago, but emerging markets have been in the shitter lately so I sold it out.

How much money do you have invested in the stock market?

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Originally posted by metalgearsolid How much money do you have invested in the stock market?

Not very much. Probably only about $10K that I actively mess around with.

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Originally posted by Shakka Not very much. Probably only about $10K that I actively mess around with.

I thought you were a millionaire diddy.

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Originally posted by metalgearsolid I thought you were a millionaire diddy.

No, but I play one on TV.

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Originally posted by Q5echo wish i had that kind of capital. i'm just a working stiff you think it's wise to get into the real estate market now? i really don't know other than what i've read and heard.

real estate was hot and still is in Seattle. It's insane what housing prices and property have done in the past 5 years. We had cheap property and cheap housing here... and then the boom. Now townhomes are in the 400's - 500's whereas they were 200's 5 years ago. And that's townhomes - not individual houses. Still not as expensive as Cali, but give it another 5-10 years and it just may be. Shitty for me is i don't have the $ to invest, and figure if i keep going the way i am, i won't have it - at least for Seattle.

>JM<

the only stocks worth investing in aren't publicly traded.

Shakke, could you do me a big favor? Could you give me 2000 dollars as charity so I can have the money I lost back?

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Originally posted by metalgearsolid Shakke, could you do me a big favor? Could you give me 2000 dollars as charity so I can have the money I lost back?

It's better you learn the hard way.

I have a wife--I live in a financial black hole.

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Originally posted by Shakka It's better you learn the hard way. I have a wife--I live in a financial black hole.

What do you mean by that? Does she spend all your money?

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Originally posted by metalgearsolid What do you mean by that? Does she spend all your money?

Something like that. At least it's a good excuse.

Oil touched 78$/barrel, gold is at 660+; both because of geo-pol situations in Israel. But surprisingly USD didnt had much fall.

USD selloff pending next week; sell USD/CAD as it is the best bet. With rising commodity prices like of oil and gold Canadian Dollar always gets stronger.



Heading down to 1.0400, some banks and analysts say it will be at par with USD one day, ie 1 USD = 1 CAD.

What is that--some Fibbonaci work?

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