Quote:
Originally Posted by St. Lou Stu
Stay the hell away from GM though! IMHO, of course!  |
I said that too when I thought about loading up the truck at $2. Could have bought a lot of cigars at todays close if I pulled the trigger...
Of course, lets not forget that hitting #20 on Roulette makes you feel good, but its still gambling. No different in the market these days. Who would have ever thought you could day trade the dow or s&p.... Crazy days.
I think the only real prudent thing to do is load up on high dividend yield stocks with good, solid fundamentals and hold on. Buy some every month and be prepared to hold on for 5+ years. You WILL make money this way. Its not sexy, but the smart folks consider it a marathon, not a sprint when it comes to stocks.
But, being human, I am playing the spiders (SPY) a little just for kicks.