Cde Monomotapa wrote:Nabwire wrote:Cde Monomotapa wrote:But I remember during the GFC a lot of stocks on NYSE were extra oversold! Then 10-20X oppurtunities were in plenty.
Imagine!!! I'd have been rich by now, hizo siku nilikuwa mjinga believing that hype ati mutual funds are the way to go coz they give alot of diversity. Uzuri I learnt from my mistakes and this time im coming 10 times harder. Most of the funds are from my savings but my bank did offer me free money 0% interest for one full year, nikose kuchukua nichekelewe??? So im also playing with the banks money, hopefully I X10 it
ndio wajue si hao tu werevu
hehe u r very interesting.sorry about the mutual funds reminds me of that thread by @young. A mutual funds are interestd in fees and the client in investing. Cross purposes from the start
we live and we learn
wow! 0% 365 days where is the catch?? Whatevr just flip that money big time. Try shorts as well probably more than longs.
Imagine I bought index funds in 08, in the middle of the massacre. Just imagine how rich I would have been had I bought individual stocks!!!! And all these analysts were on CNBC talking about mutual funds sijui ETFs sijui index funds...NKT!!! Now I dont believe anything they say. But my fund did not charge any fee, it was a very miniscule amount, the way the make money is if everyone invests with them, they have billions to play with thus they dont need to charge big fees like Etrade for example. The catch with 0% interest is they gave me the money thinking I will go spend it then I will be indebted to them, then after the 1 year, they go to their normal interest rate and make money off me. Right now Im building my credit so they can give me bigger money, I just lovethis game!
I dont know how to short, I get the concept but it seems to me since you cant time the market, you would eventually get burnt if you went that rout. Like last week BAC rallied because it was heavily shorted and the fund managers had to cover their shorts. I'd rather stick with what I know