quote:

Originally posted by misterpink All those symptoms you mentioned are, in my opinion, a result of outsourcing. Pyramids only work with a strong foundation. America is a pyramid, 90% of wealth in 10% percent of population, if that.

This makes no sense whatsoever.

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quote:

Originally posted by me@t k@tie no they fuckin don't.

+1... those companys fucked up.. deal with it yourself dont expect handouts

Unreal, the TSX is off more than 5% already today.
The second and third biggest losses in histry on the US markets came only several days after the worst day of losses in history. Hope we're not seeing the same here...

quote:

Originally posted by Skipper Unreal, the TSX is off more than 5% already today. The second and third biggest losses in histry on the US markets came only several days after the worst day of losses in history. Hope we're not seeing the same here...

God Damn POTASH!

Its a conspiracy

Holy fack, the tsx is set to close down almost 800 points again.

quote:

Originally posted by Skipper Holy fack, the tsx is set to close down almost 800 points again.

...wow...

so i guess its time to start thinking about buying?

813 points. :|

I think there's still a long way to fall.

I think most of us here have a long-term investment horizon...so this short-term volatility really shouldn't be a concern.

most of us are probably passive investors and can stick with index funds or ETFs and almost no one should be trying to 'time the market' anyway.

history has proven time and time again that even seasoned fund managers don't consistently beat the market...so how can the average one of us hope to do so?

dollar cost averaging:

http://www.investopedia.com/terms/d...staveraging.asp

http://www.investopedia.com/articles/01/090501.asp

for an interesting 'passive investing' approach, consider the "couch potato portfolio" strategy which has consistently outperformed the market indexes or average managed funds over time:

http://www.canadianbusiness.com/my_...405_152254_1452

if you want to play around in the market with surplus funds, go ahead...it can be fun too. just don't count on doing terribly well, particularly if you're not prepared to put in a lot of time and effort

^^ All very true.

But market collapses like this mean more for Canadians than just regarding their RRSPs. It signals general institutional appetite for Canadian companies - particularly resources - which indicates how the dollar might move as demand for it to buy canadian stocks rises or falls.

Plus the US stock market will falter as the economy tanks, and if american consumers are pulling back - everyone else that produces stuff for them better watch out.

Lastly, everyone I work with has a substantial amount of money invested with, at least partially, a short term horizon. And when everyone at work is crusty, that sucks. : )

quote:

Originally posted by MarkT history has proven time and time again that even seasoned fund managers don't consistently beat the market...so how can the average one of us hope to do so?

More like 1 in 10 and when you add on extra cost of MERs with a highly managed fund it becomes even harder to outperform.


A lot of younger investors may have a short term horizon when it comes to buying a home and RESPs for their children.


Watch the Canadian financial sector though, that tends to lead the TSX. Most Canadian funds are heavily invested in them anyways though since besides mining and resources there is not much else to invest in, in Canada.