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BUTfr
 

Registered: Apr 2012
Posts: 20

 

04-29-12 09:52 PM

I heard the Murray show that buying and holding is a disaster. He said the Japanese market didn't reach back to the level it was 23 years ago.

He also said the Great Depression reduced Dow from 350 to 45, and it took 25 years to get back to pre-depression level (1950s).

So I am thinking, this stock market is bouncing up and down, maybe for the next 20 years before reaching 1999 level. I got some CSCO at over 100 dollars.

To generate income, I need to trade this market, not hold it.

Any advice where I should start with? Stocks, ETFs, or options and futures?

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Pension_Admin
 

Registered: Nov 2006
Posts: 2206

 

04-30-12 03:33 AM

You mean Maury? I am not sure he knows enough to give people advices.

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cactus_trader
 

Registered: Nov 2008
Posts: 375

 

04-30-12 03:42 AM

your individual retirement account will lose value when you start trading. dont be a dummy.

get a regular account or a prop account and keep the retirement account separate

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fusionz
 

Registered: May 2004
Posts: 139

 

04-30-12 04:40 AM

why do trust him so much? The market could easily go much higher also, especially with the printing presses running 24/7

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Zr1Trader
 

Registered: Dec 2010
Posts: 1538

 

04-30-12 05:00 AM

I wonder how many poor souls blew up their only retirement savings thinking they could just come in here bright eyed and bushy tailed

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daniel5198
 

Registered: Jun 2006
Posts: 169

 

04-30-12 11:11 AM

Do yourself a favor and don't trade your retirement account. You will most probably lose most of it. Just buy treasury notes.

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