ifyouhavetoask said:You're day trading your retirement fund?



I don't see how that qualifies as day trading?! Short term trading w/o any tax consequences is a great benefit of IRA's.. If you don't feel comfortable doing it by all means sit aside, but there's no reason to knock anyone else for it. Also, please post constructive criticism to people's comments. Posting pure sarcastic bs is not appreciated by anyone.

ifyouhavetoask said:Trying to time the market is day trading.

FW attracts so many addictive personalities. Interesting.

I do recommend you look into the definition of day trading before bashing others.

jayK said:ifyouhavetoask said:Whatever you do, don't take your eye off those Dow gains.

Don't look at the dollar.
Don't look at the credit markets.
Nothing to see there.

Just watch your 401k balance. As long as that keeps going up, there's nothing to worry about. Anyone who says otherwise, is a communist.OK, so what's your strategy then? I'm afraid you won't get much of a return by investing in sarcastic comments...

My strategy is to invest for the long term, by using common sense.

The Dow is meaningless. It's a distraction, used to keep you happy while they devalue the dollar into oblivion.

Look at the credit markets.
Look at the dollar.

They'll tell you where to put your money...and where NOT to put your money.

ifyouhavetoask said:Yes, that's day trading. Trying to time the market is day trading.Wrong. Day trading is timing the market, but timing the market is not necessarily day trading.

ifyouhavetoask said:My strategy is to invest for the long term, by using common sense.

The Dow is meaningless. It's a distraction, used to keep you happy while they devalue the dollar into oblivion.

Look at the credit markets.
Look at the dollar.

They'll tell you where to put your money...and where NOT to put your money.Care to share some of your "common sense" on where you think we should put our money?

Your "strategy" is almost as insightful as "buy low, sell high".

ifyouhavetoask said:ScootyPuffSr said:Trying to time the market is day trading.


WTF are you talking about? So if I say, hmmm, there have been 5 years of run up (a time period) and stocks are too pricey right now (say early 2000)...I'm going to sit out for a while (a time)...that makes one who is "day trading".

You have funny definitions to fit your agenda.

The stock market hasn't "run up" for 5 years. The dollar has collapsed for 5 years.

It has everything to do with buying power, and nothing to do with price.

Once you get a grasp of that concept, you'll stop being amused by the Dow, S&P and Nasdaq.

And none of what you just said anything to do with the fact you have no idea what you are talking about in terms of what is day trading.

Maybe you should grasp that concept first.

jayK said:ifyouhavetoask said:My strategy is to invest for the long term, by using common sense.

The Dow is meaningless. It's a distraction, used to keep you happy while they devalue the dollar into oblivion.

Look at the credit markets.
Look at the dollar.

They'll tell you where to put your money...and where NOT to put your money.Care to share some of your "common sense" on where you think we should put our money?

Your "strategy" is almost as insightful as "buy low, sell high".

Put your money in Euros right now. Wait about 4-6 months... let the credit markets get blown out. Wait for the blood in the streets and a panic in the dollar. Then, start looking for opportunity.

Last month, I told you guys over in the real estate bubble discussion: Bear Stearns is just the canary in the coal mine. There's $300 billion+ in junk that's going to be written off over the next 6 months. You want to see ugly? Turn on Bloomberg in 60 days.

ScootyPuffSr said:ifyouhavetoask said:ScootyPuffSr said:Trying to time the market is day trading.


WTF are you talking about? So if I say, hmmm, there have been 5 years of run up (a time period) and stocks are too pricey right now (say early 2000)...I'm going to sit out for a while (a time)...that makes one who is "day trading".

You have funny definitions to fit your agenda.

The stock market hasn't "run up" for 5 years. The dollar has collapsed for 5 years.

It has everything to do with buying power, and nothing to do with price.

Once you get a grasp of that concept, you'll stop being amused by the Dow, S&P and Nasdaq.

And none of what you just said anything to do with the fact you have no idea what you are talking about in terms of what is day trading.

Maybe you should grasp that concept first.

I second this.

ifyouhavetoask said:ScootyPuffSr said:
And none of what you just said anything to do with the fact you have no idea what you are talking about in terms of what is day trading.

Maybe you should grasp that concept first.

I have grasped the concept. Using a retirement fund to try to time the market is only slightly smarter than playing online poker.

No one here, including me, can time the market on a consistent basis. If you think you can, please tell us where the Dow will close tomorrow, next Tuesday, and next Friday.

you just don't get it, do you?

ifyouhavetoask said:"Upper middle class" isn't working for someone else and putting money into a 401k. Those people are worker bees.Sad that you have such a narrow outlook. Most people refer to the upper-middle class as white-collar professionals who have higher than average incomes and more autonomy at work.

Who you receive your paycheck from and whether or not you use tax-advantaged accounts has nothing to do with it.