Anyone else playing The U.S. Stock Market?

Infernarl · Joined: 31 Jan 2007 Location: Concord, CA

I'm up 9% since Jan 1 '07. I have just been trading in SPY, which is the index fund mirroring the S&P 500. That's almost double the interest i'm getting from my savings account.

Anyone else dabbling in high finance?

Faithless · Wendy's Hole Joined: 04 Dec 2006 Location: World 1-1

This game scares me. I used to play but cashed out in the late 90's. This game doesn't come with a clear instruction booklet, and the controller is less intuitive than the Wii.

I actually just got a letter from THE BANK OF NEW YORK saying that I still had some assets that I needed to take care of. I need to buy a stamp so I can mail them back.
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Broco · Joined: 05 Dec 2006 Location: Headquarters

Well I wouldn't call an index fund "playing the market", it's just a sound long-term growth investment for the average Joe who has little or no specific financial knowledge. Anyone in their twenties or thirties who doesn't place their retirement savings into either an index or mutual fund is overly risk-averse (considering that the risks really only exist in the short run) and foregoing large amounts of future returns for basically no reason.

GcDiaz · Joined: 04 Dec 2006 Location: Clinton, MA

I was in skool to be a stockbroker back in early '01. Left it because it was unpaid, and I needed to start making real, tangible money immediately. Still, I learned a lot about it all. Wouldn't even consider investing in that house of cards until I could afford the loss.
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Kappuru · forum bishonen Joined: 05 Dec 2006

That isn't playing the market. That's just growing your money.

You should try shorting stocks if you want to "play."

I have some shares in Apple.. I'm waiting for them to really get ridiculously priced.
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GalaxyHead · Posted: Thu Nov 22, 2007 2:39 am

I have some stock through my company but it's not really anything I am riding on. It is way down.
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