05-23-2010, 04:33 AM
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#1 (permalink)
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Base Member
Join Date: May 2010
Location: Virginia
Posts: 45
Drives: 2008 Ford Escape
Rep Power: 17
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Quote:
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That depends on what kind of risk you want to take. I would be in cash right now.
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This. One of the underlying themes in most of the best stock books I've read is that asking for a stock tip, and giving a stock tip, are bad ideas. It's best to engage in ongoing market education and make your own path.
I'm completely out of the market for the rest of 2010 except for about $10k I'm using to play with or test strategies. With the return of volatility there is opportunity to make some quick cash...or lose it.
From an investment standpoint I'm thinking about flipping a house this year...however even that doesn't look 100% appealing right now. If the banks start letting go of their foreclosure inventory, anyone who wants a cheap house will have the chance.
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