XLF backbone to March 1999 level !?
So watcha all reason are all guard and insurance companies going to zero ? Another year at this rate and the XLF will be ZERO.Question is somewhat rhetorical explanation I'm very unbelievably long the XLF and I need scuba gear for my position right immediately.
And I've been investing on my own since 1998.
Answers: Banks and insurance companies will other be around. XLF is doing a lot better than most individual guard stocks. XLF is one of my biggest holdings in my Roth and I buy more ever month. I'm buying it for the dividends when I retire contained by 40 years. Currently has 3% dividend let go and banks lift dividends every year. However, that might be on hold for the next few years as the mortgage mess dies down.
To Shaun, XLF is an ETF, NOT an individual stock.
XLF looks resembling its going down. Even though you might be long the company its going down. Maybe you should short it for now.
p.s. this is a upright website that all traders can revise from.
One of the most important rules of investing is to hold an exit plan (before you buy a stock/ETF). Most good books on investing (around $50) would point this out. I'll assume your cost for this direction has be higher.
I'm not trying to be wicked. Just a matter of reality. Another rule (just as important) is have a well-mannered "asset allocation". Then, one one sector goes desperate.. it won't hit your portfolio as badly (somewhat along the lines of have all your eggs surrounded by one basket).
I started this year with;
JPM, HBC, IYG & BCS.
I have them for the past 2 years & have done well. Everytime the stocks and ETF moved up... I moved the stop up. All be eventually "stopped" out. On average I would have lost an extra 30% of these investments, if I had not have an exit stradegy.
Don't get annoyed next to me. You can change your adjectives by following some basic rules. Read several books. Some of what you'll read, you'll already know. Some of what you'll read you won't want to do.
Keep contained by mind the three biggest reasons for why investors backfire;
Greed
Fear
Indicision
Take a professional/realistic approach & over time you'll do fine.
Rule number 1 is not to find "big winners". Rule #1 is to minimize your losses.
I surely could be wrong. I many times am. But this is probably not the time to liquidate your position. The financials own been overpowered down bad. Some of them indeed are in sorry shape, gratitude to their incompetent management that be making millions at the share holders expense. But this is not a single financial. It is a pool and most of the pool is not in so poor of shape as the stock prices currently echo. At least I don't feel so. I might be mistaken on that point. What makes me wonder is the over indebtedness of the American public. But I guess near next to nought interest rates who can can blame them for spending rather than good. Maybe liquidate enough of your position to buy your scuba gear. Ha ha. At lowest that way you will grasp a little elation out of the mess.
I would approaching to perchase some shares online... This will be my first investment... Any suggestions?
I would like to invest nearly $20, because I would like to study stockmarket for few months in the past I invest heavily...Any good website to start next to? Please do not direct me to any payed website... I am looking for free online side, and nothing to perchase for investment...
All shareholder experts I am looking forword to hear your suggestions... Thank you within advance...
Answers: for that low amount to start next to try ..
http://www.sharebuilder.com/
Its a good site for beginners.
I use tdameritrade. Get your foot wet beside something like sharebuilder later when you have 2 majestic to open a tdameritrade depiction do that.
As far as the one answer "this isnt the time for stocks" its always a pious time for stocks, depends on the hows and whys. I retired at 42 by daytrading. if you wish to swot up alittle about the daytrading and a confidential that most brokers dont use because they have to unite quotas, then purely email me. I wont try to sell you anything or transport you to any websites or anything like that. I disgust people that play that hobby. I even run a forum that i do out of my pocket with NO add. I made my money, I dont need to build money off general public that are wanting to better themselves also.
A tip of my method is something to do with time.
I would post it presently, but then someone would embezzle the info and put it in some stupid ebook and deal in it. God I hate ebooks! LOL
Find at http://bse.tipz.in/
How does Average Joe protect himself from dollar fallout?
Answers: Have a mixture of US and International stock mutual funds.
One could buy the FXE (an ETF which is 57% the Euro) which is almost like buying one Euro, but I think this option is a wee late.
I think the USD fall is discounted already for the Fed cutting at least another full 100 basis points and at some point when (not if) other countries start cutting the USD will start to regain.
Sell