Dollar falls to a three years low.

[StageLeft]

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

If you believed that, you'd be buying up Euro bucks. Also, since most professionals are not selling their stocks to buy Euro bills, I feel perhaps it's not quite as simple as you promote!

 

[jpeyton]

Originally posted by: blackangst1
Yet another person who doesnt understand buying low and selling high.

How would you define buying Euro stock when it is 1.5-to-1 against the dollar, and selling when it is 2-to-1 against the dollar?

Sounds like buying low and selling high to me.

 

[bamacre]

I figured I wouldn't have to change my sig until after the election.

 

[blackangst1]

Originally posted by: jpeyton

Originally posted by: blackangst1
Yet another person who doesnt understand buying low and selling high.

How would you define buying Euro stock when it is 1.5-to-1 against the dollar, and selling when it is 2-to-1 against the dollar?

Sounds like buying low and selling high to me.

Do you have an understanding of trading on forex? 99% of the public doesnt even understand dow jones, much less know what NASDAQ is. No slam against you, but trading on forex is not for the weak of heart, and although you may say its a great idea, investing with no understanding is about as wise as...well...investing in forex with zero understanding.

At least with mutual funds or stocks, Schwabb can walk you thru it. Thats all. And if you all who complain about American companies sending work overseas, and China buying the US dollar, want to invest in foreign currency instead of American companies, go for it. Just dont be suprised when youre labled a hypocrite.

Good luck with forex. You'll need it.

 

[blackangst1]

Originally posted by: LegendKiller

Originally posted by: blackangst1

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

Yet another person who doesnt understand buying low and selling high.

Is it really that much of a surprise?

Not with this group.

 

[nageov3t]

I guess this'd be a bad time to ask my company to transfer me to an overseas office. lol.

 

[Jaskalas]

Originally posted by: LegendKiller

Originally posted by: Modelworks
We are not in a recession though.
You just need to keep your fingers in your ears like the rest of the government and keep repeating "The economy is strong" !

Well, technically it is impossible to be in a recession.

Not yet, but I'd reckon the causes of one are already here. It just needs time to roll downhill.

 

[StageLeft]

Originally posted by: blackangst1

Originally posted by: LegendKiller

Originally posted by: blackangst1

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

Yet another person who doesnt understand buying low and selling high.

Is it really that much of a surprise?

Not with this group.

You've said this elsewhere, as if you have a looking glass into the future. If he buys at 1.5 and it goes to 2.1 he has bought high and sold higher, which is a damn good investing practice if one didn't get in on the buy low sell higher. Gold is expensive now, historically, but if it goes up to $2k/ounce a person who buys it now does a darn good job. But nobody has a clue, including you or warren buffet (maybe he does...) about what will happen to the dow or oil or real estate 1 years from now.

 

[imported_Lothar]

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

You'd have to be an idiot to be buying Euro currency when you can be buying Brazilian Reais or Korean Won.

 

[blackangst1]

Originally posted by: Skoorb

Originally posted by: blackangst1

Originally posted by: LegendKiller

Originally posted by: blackangst1

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

Yet another person who doesnt understand buying low and selling high.

Is it really that much of a surprise?

Not with this group.

You've said this elsewhere, as if you have a looking glass into the future. If he buys at 1.5 and it goes to 2.1 he has bought high and sold higher, which is a damn good investing practice if one didn't get in on the buy low sell higher. Gold is expensive now, historically, but if it goes up to $2k/ounce a person who buys it now does a darn good job. But nobody has a clue, including you or warren buffet (maybe he does...) about what will happen to the dow or oil or real estate 1 years from now.

Lots of buts and ifs in here. See my longer comment above.

 

[SirStev0]

Well if anything... maybe a good old depression would bring back some good old fashion misery and we will get some good novels out of it...

See... there is a bright side!

 

[SirStev0]

Originally posted by: GTaudiophile
Tick, tock, tick, tock, tick, tock...until the world drops the USD as its only reserve currency.

Where will your money be when the U.S. Dollar becomes the next Peso?

I bet Hillary's/Obama's/McCain's money is already nice and safe somewhere in Swiss banks. They'll be fine. Will you?

Ron Paul's got gold ... he's fine too!

 

[jpeyton]

Originally posted by: blackangst1
Good luck with forex. You'll need it.

No need to invest in plain currency. The European markets are down too. Buy low and sell high, just pick European stock instead. The strength of the Euro against the dollar is a failsafe.

 

[imported_Lothar]

Originally posted by: jpeyton

Originally posted by: blackangst1
Good luck with forex. You'll need it.

No need to invest in plain currency. The European markets are down too. Buy low and sell high, just pick European stock instead. The strength of the Euro against the dollar is a failsafe.

Why do you have such a hard on for the Euro when it's performing like crap compared to most other foreign currencies?

 

[jpeyton]

Originally posted by: Lothar

Originally posted by: jpeyton

Originally posted by: blackangst1
Good luck with forex. You'll need it.

No need to invest in plain currency. The European markets are down too. Buy low and sell high, just pick European stock instead. The strength of the Euro against the dollar is a failsafe.

Why do you have such a hard on for the Euro when it's performing like crap compared to most other foreign currencies?

The Euro has the potential to be a reserve currency in the near future. The Won does not. The Euro will be more stable long term.

 

[Modelworks]

Originally posted by: blackangst1

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

Yet another person who doesnt understand buying low and selling high.

You keep saying that, but how do you buy low when you are flat broke ?
Sure its a great time for the rich, they can buy stocks cheaper, but it screws those who are losing their homes.

 

[LegendKiller]

Originally posted by: Modelworks

Originally posted by: blackangst1

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

Yet another person who doesnt understand buying low and selling high.

You keep saying that, but how do you buy low when you are flat broke ?
Sure its a great time for the rich, they can buy stocks cheaper, but it screws those who are losing their homes.

Perhaps they should have been smart and not bought into an asset bubble in the first place.

Yet another person who blames the "rich" for individual's own stupidity.

 

[imported_Lothar]

Originally posted by: jpeyton

Originally posted by: Lothar

Originally posted by: jpeyton

Originally posted by: blackangst1
Good luck with forex. You'll need it.

No need to invest in plain currency. The European markets are down too. Buy low and sell high, just pick European stock instead. The strength of the Euro against the dollar is a failsafe.

Why do you have such a hard on for the Euro when it's performing like crap compared to most other foreign currencies?

The Euro has the potential to be a reserve currency in the near future. The Won does not. The Euro will be more stable long term.

The dollar is the reserve currency and will most likely remain so.
I don't see the Euro overtaking the US dollar as a reserve currency within the next 20-30 years.

 

[blackangst1]

Originally posted by: Modelworks

Originally posted by: blackangst1

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

Yet another person who doesnt understand buying low and selling high.

You keep saying that, but how do you buy low when you are flat broke ?
Sure its a great time for the rich, they can buy stocks cheaper, but it screws those who are losing their homes.

~most~ people can afford $25/mo.

 

[Modelworks]

Originally posted by: LegendKiller

Originally posted by: Modelworks

Originally posted by: blackangst1

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

Yet another person who doesnt understand buying low and selling high.

You keep saying that, but how do you buy low when you are flat broke ?
Sure its a great time for the rich, they can buy stocks cheaper, but it screws those who are losing their homes.

Perhaps they should have been smart and not bought into an asset bubble in the first place.

Yet another person who blames the "rich" for individual's own stupidity.

Do you think that everyone who has lost their home has lost it because they over extended themselves ?
I know lots of people that lost their homes because the company they worked for went over seas where they could cut cost. How is this their fault ?

The trouble with people like you is that you don't know hardship.
You don't know what its like to work 15 years for one company then be told 'sorry, we don't need you anymore !'

Your of the sort that as long as your life is good you don't give a damn about anyone else.

 

[blackangst1]

Originally posted by: jpeyton

Originally posted by: blackangst1
Good luck with forex. You'll need it.

No need to invest in plain currency. The European markets are down too. Buy low and sell high, just pick European stock instead. The strength of the Euro against the dollar is a failsafe.

I dont want to hear you bitching about outsourced jobs, China's investment in the US, or anything of the like. If this is in fact your opinion.

 

[Modelworks]

Originally posted by: blackangst1

Originally posted by: Modelworks

Originally posted by: blackangst1

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

Yet another person who doesnt understand buying low and selling high.

You keep saying that, but how do you buy low when you are flat broke ?
Sure its a great time for the rich, they can buy stocks cheaper, but it screws those who are losing their homes.

~most~ people can afford $25/mo.

Actually they can't.
I know people that can't afford to put 5.00 worth of gas in the car because they had to choose between gas or food. Some of these are people that have worked their whole life with one company and just been told 'Sorry, we just can't keep the plant open".

 

[blackangst1]

Originally posted by: Modelworks

Originally posted by: blackangst1

Originally posted by: Modelworks

Originally posted by: blackangst1

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

Yet another person who doesnt understand buying low and selling high.

You keep saying that, but how do you buy low when you are flat broke ?
Sure its a great time for the rich, they can buy stocks cheaper, but it screws those who are losing their homes.

~most~ people can afford $25/mo.

Actually they can't.
I know people that can't afford to put 5.00 worth of gas in the car because they had to choose between gas or food. Some of these are people that have worked their whole life with one company and just been told 'Sorry, we just can't keep the plant open".

Maybe most people you know cant, but most people in the US *can*

 

[jpeyton]

Originally posted by: blackangst1
Maybe most people you know cant, but most people in the US *can*

If they can't afford $25/month to pay down their debt, how are they going to afford $25/month to invest?

 

[Modelworks]

Originally posted by: blackangst1

Originally posted by: Modelworks

Originally posted by: blackangst1

Originally posted by: Modelworks

Originally posted by: blackangst1

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

Yet another person who doesnt understand buying low and selling high.

You keep saying that, but how do you buy low when you are flat broke ?
Sure its a great time for the rich, they can buy stocks cheaper, but it screws those who are losing their homes.

~most~ people can afford $25/mo.

Actually they can't.
I know people that can't afford to put 5.00 worth of gas in the car because they had to choose between gas or food. Some of these are people that have worked their whole life with one company and just been told 'Sorry, we just can't keep the plant open".

Maybe most people you know cant, but most people in the US *can*

Thats what people like you keep telling themselves to make yourself feel better.