Stock Market - Making REAL money. A plan.

[Peterw]

SirYesSir!

[JazMajor]

hello Jiggy!

I really admire how you are wisely thinking about investments at your age. Good start!
Stock market is not stable these days... even those that use to be on top and profitable are taking a plunge. So it's not advisable to put your money on stocks as of the moment.

As with Real Estate,,, as you have mentioned, you will be needing more money for this kind of investment. However, you may also opt to involve yourself in marketing real estate properties... good way to earn money without so much capital involved.

I suggest you check out some online business.... you won't need to shed out huge amount of money --- however you need to learn a lot of skills pertaining to online biz, it may take quite sometime but you will surely earn profit. Low cost big earnings.

Do a lot of research. There are business opportunities out there where you can invest in without having to involve huge capital. Save up most of your money.. you're still in school and you might need them in the near future.

Good luck!

[Bradman]

Any thoughts on what the market will do this week after the recent S&P credit downgrade on the US? Will the market continue its slide, or just shrug it off becase it knew it was coming and now it's over with.

[SnerpGoodWord]

My overall guess is that this is not a long term move simply for the reason that big bear markets tend to start quiet and get more exciting as they progress. This one started out exciting which doesn't suggest longevity. History suggests on average you want to be long the S&P for the about a quarter after an event like this. If things still look crap in a quarter, THEN you go flat/short.

There's a more complicated contrary argument related to the way trend following methodologies change markets that is the counterpoint to what I'm saying, but up to this point history says be long.

[pjhaggerty]

looking at the year chart for the spy, it looks to me that the market had been in a sideways pattern for the past few months, and now has broken through the floor. This suggests that at this point in time from a technical standpoint, the market is set up for moving downward. Of course the future is unknowable, but technical analysis would suggest that the 'floor' has been broken, which is a sign of a down trend in motion. Who knows what will actually happen, but technical analysis would suggest that at some point, there will be a test of the 'roof' at which point we will either see a return to sideways as before/uptrend, or a continuation of the current downtrend. But right now, it appears the s&p downgrade has pushed the market into a downtrend and broken the floor.

[Peterw]

Originally Posted by pjhaggerty

looking at the year chart for the spy, it looks to me that the market had been in a sideways pattern for the past few months, and now has broken through the floor. This suggests that at this point in time from a technical standpoint, the market is set up for moving downward. Of course the future is unknowable, but technical analysis would suggest that the 'floor' has been broken, which is a sign of a down trend in motion. Who knows what will actually happen, but technical analysis would suggest that at some point, there will be a test of the 'roof' at which point we will either see a return to sideways as before/uptrend, or a continuation of the current downtrend. But right now, it appears the s&p downgrade has pushed the market into a downtrend and broken the floor.

In my limited experience the phenomenum (sp?) of the floor becoming the new roof and vice versa makes for some excellent opportunities.