Comments on: Prophetic Cartoon – Housing Crushes Economy http://splendidmarbles.com/2008/10/10/cartoons/housing-is-about-to-crush-the-economy/ cartoons and commentary Sun, 29 Jan 2012 13:53:44 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: SplendidMarbles http://splendidmarbles.com/2008/10/10/cartoons/housing-is-about-to-crush-the-economy/comment-page-1/#comment-2117 SplendidMarbles Sat, 11 Oct 2008 02:45:06 +0000 http://splendidmarbles.com/?p=1012#comment-2117 I think the market may have fallen a bit too far too fast - there were forced liquidation rumors flying about all week. But, the economy is going to suffer over the next few years due to the messy state of the finance industry. If you have at least a 5 year time horizon, it would make sense to put a portion of the money you've set aside for gambling into Exchange Traded Funds (ETFs), which are baskets of stocks. You can buy index or industry specific ETFs- although you'll need a brokerage account because they trade like stocks. It is wise to avoid company-specific risk, that is why I like ETFs - and they're easy to get in and out of. Go to amex.com to find out more about them. And, I would stay away from banks until the dust settles. (Many Regional and local banks made a lot of bad construction and development loans.) I think the market may have fallen a bit too far too fast – there were forced liquidation rumors flying about all week. But, the economy is going to suffer over the next few years due to the messy state of the finance industry. If you have at least a 5 year time horizon, it would make sense to put a portion of the money you’ve set aside for gambling into Exchange Traded Funds (ETFs), which are baskets of stocks. You can buy index or industry specific ETFs- although you’ll need a brokerage account because they trade like stocks. It is wise to avoid company-specific risk, that is why I like ETFs – and they’re easy to get in and out of. Go to amex.com to find out more about them. And, I would stay away from banks until the dust settles. (Many Regional and local banks made a lot of bad construction and development loans.)

]]> By: Amanda http://splendidmarbles.com/2008/10/10/cartoons/housing-is-about-to-crush-the-economy/comment-page-1/#comment-2113 Amanda Fri, 10 Oct 2008 20:20:56 +0000 http://splendidmarbles.com/?p=1012#comment-2113 When they are proved wrong.... When should those of us with a lil' bit of non-invested cash begin purchasing stocks (after we drop below 8000?)....and in what? Smaller, regional or local banks? Auto companies with alternaitve energy plans? PS. I didn't notice before that the tree-economy has a little scared face!! When they are proved wrong….

When should those of us with a lil’ bit of non-invested cash begin purchasing stocks (after we drop below 8000?)….and in what? Smaller, regional or local banks? Auto companies with alternaitve energy plans?

PS. I didn’t notice before that the tree-economy has a little scared face!!

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