Investment advisers: Stay calm

Nice to get someone from Edward Jones that makes out to be an Investment Advisor. For those who cant make it in our business, they go to Edwards Jones, the Walmart of our industry. Nice job in your research GR Press

I want to encourage people not to worry cause God already has everythig worked out.... God Bless!

Vic Turbo wrote:

Nice to get someone from Edward Jones that makes out to be an Investment Advisor. For those who cant make it in our business, they go to Edwards Jones, the Walmart of our industry. Nice job in your research GR Press

I'm not defending Edward Jones, they are equivalent to about the Target of the retail world - but I'd say nobody in "your" industry has much credibility right now. I'm a firm believer in capitalism and efficient markets, but I'm also a firm believer in doing your own research and educating yourself.

The picture they put is completely at odds with the 'don't worry' message. They put a picture of someone on the floor of the NY Stock exchange holding his head in anguish, and the story reads, "don't worry."

"Its just a little water on the deck, nothing more. Stay calm!"
-Captain of the Titanic

The basics of the stock market are, BUY LOW, SELL HIGH.

Why are people panicking and selling their stocks now, unless you are retiring soon or are presently retired and need the money.

I know that this situtation is something we've never experienced and there will be no "quick" fix and instant solutions, however, the economy will bounce back.

We need to start taking personal responsibility for using "massive" amounts of credit for everything. If you don't need it, don't buy it! It's as simple as that.

People need to be educated when they go to purchase a house. If you don't have the money (or job), you have no right to borrow someone else's money. That's just ridiculous. No money down......come on people. What were you thinking!

And yes, the mortgage companies are to blame also. They were just greedy. Everyone should take responsibility.

The market eventually turn. I'm looking forward to all those cheap shares I'll be buying, and the eventual long term gains I'll be getting from them.

STAY THE COURSE wrote:

The basics of the stock market are, BUY LOW, SELL HIGH.
Why are people panicking and selling their stocks now, unless you are retiring soon or are presently retired and need the money.

Hedge funds are selling whatever is saleable to cover their margins. Margin calls was what led to the crash in 1929.
The thing nobody talks about is how much money in stocks is coming off the table that may never go back into stocks. Most of the 401K money in stocks is (was) held by baby boomers who may be close enough to retirement that they choose not to dive back in if they have gotten out. I think this could have a big affect on the time it takes to recover once the market has finally found a bottom.

STAY THE COURSE wrote:

The basics of the stock market are, BUY LOW, SELL HIGH.
Why are people panicking and selling their stocks now, unless you are retiring soon or are presently retired and need the money.
I know that this situtation is something we've never experienced and there will be no "quick" fix and instant solutions, however, the economy will bounce back.
We need to start taking personal responsibility for using "massive" amounts of credit for everything. If you don't need it, don't buy it! It's as simple as that.
People need to be educated when they go to purchase a house. If you don't have the money (or job), you have no right to borrow someone else's money. That's just ridiculous. No money down......come on people. What were you thinking!
And yes, the mortgage companies are to blame also. They were just greedy. Everyone should take responsibility.

I have a 30 yr fixed mortgage within my means, I've got no credit card balances. I've seen my home value plumet 20% all the while recieving 10 'offers' a day for 200% equity lines and no limit credit cards. I'm not near retirement age but my dad is retired and before long so will about half the country of baby-boomers. The investment account I set up for my kids college expenses is in the toilet.
Meanwhile AIG execs are getting $400k worth of pedicures on MY $700b 'bailout', and McCain wants to buy all those loser's sub-prime loans. Screw you're 'personal responsibility' you simpleton...I want payback!

Just think, the price of gasoline is dropping pretty fast right now. The previous fast rise was hurting the economy and the drop we're seeing now should help. Milk is already down from $4/gal. to $2.50 here and aggs are also down.

Amen, brother. I am sick of hearing people say we are "all to blame". I'm not. I don't use credit, and I don't think anyone should. So how is the failing of the credit market my fault?

Allegan Redneck wrote:

<quoted text>
I have a 30 yr fixed mortgage within my means, I've got no credit card balances. I've seen my home value plumet 20% all the while recieving 10 'offers' a day for 200% equity lines and no limit credit cards. I'm not near retirement age but my dad is retired and before long so will about half the country of baby-boomers. The investment account I set up for my kids college expenses is in the toilet.
Meanwhile AIG execs are getting $400k worth of pedicures on MY $700b 'bailout', and McCain wants to buy all those loser's sub-prime loans. Screw you're 'personal responsibility' you simpleton...I want payback!

Stay calm..you have got to be kidding me. Who can be calm in this mess that we are in.

Allegan Redneck wrote:

<quoted text>
I have a 30 yr fixed mortgage within my means, I've got no credit card balances. I've seen my home value plumet 20% all the while recieving 10 'offers' a day for 200% equity lines and no limit credit cards. I'm not near retirement age but my dad is retired and before long so will about half the country of baby-boomers. The investment account I set up for my kids college expenses is in the toilet.
Meanwhile AIG execs are getting $400k worth of pedicures on MY $700b 'bailout', and McCain wants to buy all those loser's sub-prime loans. Screw you're 'personal responsibility' you simpleton...I want payback!

You're buying at the low prices now so you'll see the payback. Even your investment account for your kids' college may recover in time.

Gentle Taz wrote:

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You're buying at the low prices now so you'll see the payback. Even your investment account for your kids' college may recover in time.

I doubt it Taz...but thanks, and you're right about fuel prices, at least gas is dropping...You're always a very reasonable and even-keeled poster. You should write a self-help book, or tell us what meds you're on so we can get on them too...:-)

Allegan Redneck wrote:

<quoted text>
I doubt it Taz...but thanks, and you're right about fuel prices, at least gas is dropping...You're always a very reasonable and even-keeled poster. You should write a self-help book, or tell us what meds you're on so we can get on them too...:-)

The best medication is laughter...Truely...
The Japanese business men have been congregating before work and having therapeautic laugh session for years now.

And the source of their jokes? The stupid Americans who built up their country with the best industrial capacity we could buy after we beat them in WWII and then send them more money as we buy every little product they build from overpriced "green" cars to video games.

DontworryBehappy wrote:

<quoted text>
The best medication is laughter...Truely...
The Japanese business men have been congregating before work and having therapeautic laugh session for years now.

Allegan Redneck wrote:

<quoted text>
Meanwhile AIG execs are getting $400k worth of pedicures on MY $700b 'bailout', and McCain wants to buy all those loser's sub-prime loans. Screw you're 'personal responsibility' you simpleton...I want payback!

Actually AIG got their own $120b+ on top of that $700b.

I want to see people go to jail for a LOOOOONG time.

It's just not going to happen. Even in the $700billion bailout they promised to put in controlls for exec pay at these companies we bail out. You know the controll??? They will have to pay back their high salaries if the books are cooked at all. That's it. They can still get $16 million a year on my paycheck. Meanwhile, we all watch our chance to ever retire get farther and farther out of reach.

AIG BLOWS wrote:

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Actually AIG got their own $120b+ on top of that $700b.
I want to see people go to jail for a LOOOOONG time.

I am trying to understand the logic behind Wood TVs research, and the content they decide to air and write about. Yesterday, you post this article featuring an investment advisor giving the public hope, and telling them to stay the course and right now is a good buying opportunity, but then today you have an Economist from Cornerstone on who tells everyone to sell. What the hell are you trying to tell everyone? Nice research people. Stick to a strategy and go with it...don't confuse the daylights out of investors. Good grief...

Allegan Redneck wrote:

<quoted text>
I doubt it Taz...but thanks, and you're right about fuel prices, at least gas is dropping...You're always a very reasonable and even-keeled poster. You should write a self-help book, or tell us what meds you're on so we can get on them too...:-)

The only meds I'm on are for high blood pressure. I've learned some hard lessons over the years the hard way. I lost a job (13 years) in the early 80s but managed to hang onto my house because I did not overdo it with credit. My wife asked me one time about people she worked with, how they could afford the new car, boat, new house, etc. I told her to watch what happened with the next business downturn. All the toys went up for sale as they scrambled to get out from under the payments when overtime was eliminated! By the time I replaced my car (15 yrs. old, 187K miles), I had been working at my new job for two years. For 12 of the 14 years that I drove that car, I had no car payment.