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#31 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $1210477
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Quote:
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Posts: 40,475
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#32 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
Casino cash: $10029808
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Quote:
According to Motley Fool, Buffett wouldn't. At least not in 2010. http://www.fool.com/investing/value/...ett-stock.aspx ...which is probably why he is a multi-billionaire known for his genius at financial investments, and you are better known for your ability to extract semen from boars. ![]()
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"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington |
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Posts: 43,125
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#33 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $1210477
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Quote:
And Warren wishes he had my talents. |
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Posts: 40,475
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#34 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Posts: 53,803
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#35 |
MVP
Join Date: Aug 2005
Casino cash: $5139212
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I have a question, not about steel stocks, but about investing in general. I have an emergency fund for my family (following Dave Ramsey's em. fund advice) but its sitting in a savings acct earning 1% interest. Is there a place in which to park this fund, having it earn income investing level returns, but also have access to it on short notice without (or with very little) penalty?
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Posts: 14,513
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#36 | |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Quote:
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Posts: 53,803
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#37 |
MVP
Join Date: Aug 2005
Casino cash: $5139212
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But only certain types of emergencies, no? Also, from what I'm reading, you can withdraw any of the principle at any time with no penalty, since contributions are post-tax. But you get penalized on withdrawing earnings.
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Posts: 14,513
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#38 |
MVP
Join Date: Oct 2011
Location: Michigan
Casino cash: $2837078
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Buy when it gets to $5. You're going to make that back 10 fold in 2 years.
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Posts: 12,687
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#39 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2808491
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As an update, BHP has stopped beating me with a stick. Now it's using a baseball bat with a nail in it.
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I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit. |
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#40 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $1210477
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Posts: 40,475
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#41 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $1210477
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Posts: 40,475
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#42 |
MVP
Join Date: Oct 2011
Location: Michigan
Casino cash: $2837078
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You want solid advice? Good luck. If anything, follow Warren Buffet's: "you pay a dear price for a cheery consensus.” If it feels good buying it, then you probably shouldn't. If you feel nervous about it, dive in. If I had the cash to throw at steel, I'd do it now. That's me. Do I worry about the turnaround? Sure. Do I think its going to go back up significantly? You bet your ass, else this whole country is in a world of hurt. |
Posts: 12,687
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#43 |
What's up braj?
Join Date: Jun 2008
Location: Placencia, Belize
Casino cash: $1608320
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I have a Netspend savings account that earns me 5% on up to $5000. Seemed a little sketchy at first since it's linked to a prepaid debit card, but the funds are FDIC insured and available at a moments notice through the debit card if needed.
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Posts: 15,714
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#44 |
Banned
Join Date: Dec 2014
Location: 19th Hole
Casino cash: $10004725
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This market is about to take a hit after they roll out the interest rate bump. If you wanna go safe with good returns, put your money in biotech mutual funds after stocks take a plunge
Oil stocks are also hitting bottoms and will yield some big gains over the next 3-5 years. |
Posts: 11,680
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#45 |
MVP
Join Date: Aug 2005
Casino cash: $5139212
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I will check that out. Thanks!
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Posts: 14,513
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