WOOD-TV Grand Rapids and Michigan

Investment advisers: Stay calm

Posted in the WOOD-TV Grand Rapids and Michigan Forum

Comments (Page 2)

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Cpt Crouton Otsego, MI	Reply » \| Report Abuse \| Judge it! \| #23 Oct 10, 2008 BKS wrote: I am trying to understand the logic behind Wood TVs research, There is no logic. They are an NBC affiliate. They are stupid and communist.
got MILF Portland, OR	Reply » \| Report Abuse \| Judge it! \| #24 Oct 10, 2008 The Edward Jones guy only does and says what the main office in St. Louis tells him to do. The stocks and bonds they recommend are the ones that the main office is trying to get out of inventory. You might as well be talking to a signpost if you want honest financial advice from them.
Cpt Crotch Rot Otsego, MI	Reply » \| Report Abuse \| Judge it! \| #25 Oct 10, 2008 Isn't it wierd that when equitys are going up it just feels like play money that you figure you will probably never see or spend but when the equitys go DOWN that money is all too real. Just a thought.
Lucy in Rockford Joined: Sep 13, 2007 Comments: 3015 Grand Rapids, MI	Reply » \| Report Abuse \| Judge it! \| #26 Oct 10, 2008 Gentle Taz wrote: <quoted text> 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. You are right, Taz. And this may force people to actually live within their means. It's a good plan.
Old Rocker Allegan, MI	Reply » \| Report Abuse \| Judge it! \| #27 Oct 10, 2008 Gentle Taz wrote: <quoted text> 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. That's right, selling everything now to stop the bleeding is like closing the barn door AFTER the horse got out. I am retired and just had a small IRA account mature. I needed to draw off it to to live for the next year. The bank suggested that I put it in mutual funds because I could earn more than if it was in a low interest money market acount. Since I needed it for the next year, I opted for the Money market because the market has been in decline for almost a year. Right now,+1% interest looks better than -30%. I just hope that my 401K at least comes partially back in the next year. I guess I will have to tighten my belt and make my years money market last a year and a half. I might even have to (gasp) get a part time job to supplement my income for a while.
T Van howe is My Beotch Otsego, MI	Reply » \| Report Abuse \| Judge it! \| #28 Oct 10, 2008 Old Rocker wrote: <quoted text> I might even have to (gasp) get a part time job to supplement my income for a while. Good luck, it's hard enough for us youngn's to find work in this state.
Holly34 Caledonia, MI	Reply » \| Report Abuse \| Judge it! \| #29 Oct 10, 2008 BKS wrote: 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... I saw this too. Susan Shaw's eyes got about as big as saucers.
pjdutchville Hopkins, MI	Reply » \| Report Abuse \| Judge it! \| #30 Oct 10, 2008 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 You're absolutely right. Ones I used to work with, at some point in time, went to or came from Edward Jones. They don't last long anywhere.

pjdutchville Hopkins, MI	Reply » \| Report Abuse \| Judge it! \| #31 Oct 10, 2008 Judged: 1 1 got MILF wrote: The Edward Jones guy only does and says what the main office in St. Louis tells him to do. The stocks and bonds they recommend are the ones that the main office is trying to get out of inventory. You might as well be talking to a signpost if you want honest financial advice from them. And he gets paid EVERY time he moves your money folks.
Give it a rest2 Joined: Jun 21, 2008 Comments: 170 Caledonia, MI	Reply » \| Report Abuse \| Judge it! \| #32 Oct 10, 2008 AIG BLOWS wrote: <quoted text> Actually AIG got their own $120b+ on top of that $700b. I want to see people go to jail for a LOOOOONG time. Nah, if you give them jailtime, we're still footing the bill for their room & board. I say we just string 'em up and call it a day.
Jim B Grand Rapids, MI	Reply » \| Report Abuse \| Judge it! \| #33 Oct 10, 2008 Just be patient while the fat cats finish cleaning out the coffers before they take off and leave us to fall.
maynard g krebs Grand Rapids, MI	Reply » \| Report Abuse \| Judge it! \| #34 Oct 10, 2008 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. Could not agree more. It could be, probably is, a great buying opportunity. GM for $5 a share! I remember the crash of 87. I kicked myself for being so timid & not buying in low. Coca Cola, HD, many other really good values. Buying opportunity now. Take advantage of it. And no, I do not work for a brokerage. I teach. I also agree that the fault lies w us. We live way beyond our means as a nation. We have for years. It is payback time, & we are whining & crying about it. Not Bush's fault (entirely), nor Granholm's, either. Old Pogo cartoon: "I have met the enemy, and he is us!" We made lots of poor choices & we now suffer the consequences. Bush = the ultimate socialist!
maynard g krebs Grand Rapids, MI	Reply » \| Report Abuse \| Judge it! \| #35 Oct 10, 2008 Lucy in Rockford wrote: <quoted text> You are right, Taz. And this may force people to actually live within their means. It's a good plan. It certainly is. We have lived on credit far too long. Time to get right financially. Don't have the cash, you don't need it.
Nolissa Otsego, MI	Reply » \| Report Abuse \| Judge it! \| #36 Oct 10, 2008 maynard g krebs wrote: <quoted text> It could be, probably is, a great buying opportunity. GM for $5 a share! I remember the crash of 87. I kicked myself for being so timid & not buying in low. Coca Cola, HD, many other really good values. Buying opportunity now. Take advantage of it. And no, I do not work for a brokerage. I teach. I also agree that the fault lies w us. We live way beyond our means as a nation. We have for years. You can buy GM. No thanks. BA maybe, nice dividend. They are now talking with the union. I am confident the union will realize they are in the wrong and should take the current, generous offer. KO, HD and many others, yes. I have been buying over the last two weeks. Most have fallen some have risen but Wallstreet is wacked right now and I hope all "my friends" are not panicking and selling at the bottom. Bad move. Lots are obviously selling and its the lowest on the totem pole that get out last. It is sad because all it ends up as, is transferring our hard earned moola to the already uber rich. Not me baby, I will hold and buy to keep my hard earned wealth.
pjdutchville Hopkins, MI	Reply » \| Report Abuse \| Judge it! \| #37 Oct 11, 2008 Individual stocks are far too risky...take my advice and buy an index. It's the way I've been conducting business w/ my clients and no one has lost a dime. TIME is your best friend, and the WORST thing you can do is to try and time the market and chase the "hottest" stock. You're welcome for the free and sound financial advice!
Old Rocker Grand Rapids, MI	Reply » \| Report Abuse \| Judge it! \| #38 Oct 11, 2008 Good advice pj. Don't chase the market. I am hoping that with my diversification, most of the value of my portfolio will come back over the next few years. Allow me to rant for a moment. Too much easy credit given out for a long long time. Too many glassy-eyed consumers who don't look past the end of their nose and want it all and want it all now, without regard to their own future. This whole mess is probably what people need to happen to learn to LIVE WITHIN THEIR MEANS!! Unscrupulous lenders cannot take advantage of people if the people will not allow themselves to be taken advantage of. Get out of debt and STAY out of debt. SAVE, SAVE, SAVE!! Thank you.

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Investment advisers: Stay calm

WOOD-TV Grand Rapids and Michigan Forum