Brexit

[guywhofishes]

Fascinating!

 

[Account Deleted]

Context?

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British exit?

 

[Vollmer]

Europe n Great Britain?

 

[Joe]

If you have money in stocks, oil, and foreign currency, at 9am it will be gone, no sense in panic selling because it is unlikely your broker will unload it in time. gold is skyrocketing however.

 

[dust in the wind]

Europe n Great Britain?

Context?

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British exit?

Britain's plan to exit the European union.
http://www.nytimes.com/interactive/2016/world/europe/britain-european-union-brexit.html?_r=0

 

[westwolfone]

If you have money in stocks, oil, and foreign currency, at 9am it will be gone, no sense in panic selling because it is unlikely your broker will unload it in time. gold is skyrocketing however.

Your money isn't gone until you sell.

All the people that panic sell on every piece of news, make money for those that stay the course.

Investing in equities is a marathon, not a sprint.

 

[Bfishn]

If you have money in stocks, oil, and foreign currency, at 9am it will be gone, no sense in panic selling because it is unlikely your broker will unload it in time. gold is skyrocketing however.

Haha..You should probably just bury your money in the back yard. Let me guess you also sold at the bottom on 2009?

 

[wildeyes]

if you spread out your investment portfolio it helps when you have a drop. one loses, one gains. As soon as the market opens will be investing more money in it. didn't you know there is a fire sale in stocks going on today.:;:thumbsup

 

[Joe]

Left the market after Obama took office and just spend it as get it. No sense saving/investing when rate of returns are lower than inflation. As far as the big drop today, this is just the start, pretty much any company doing a lot of business in Europe is at risk of chapter 11, banks, car companies, electronic companies, oil companies, food services...

 

[Bacon]

Haha..You should probably just bury your money in the back yard. Let me guess you also sold at the bottom on 2009?

Better off in the back yard than invested in the stock market. At least it is hard currency and not numbers on a computer screen.

 

[wildeyes]

Bacon, if I had that great farm/ranch you have I would invest in that and not the stock market myself. forget the burying in the back yard all that does is make the money stinky.

 

[Migrator Man]

Today is a perfect time to drop a couple thousand in the stock market. There is no real threat that the UK is leaving the EU. The media is overhyping this as it will be doomsday to the UK. The people who voted to remain can thank Obama for bringing out the vote on the other side because of his speech.

This show us that Trump can win against all odds and that the will of the people will always rule!

 

[Bacon]

Bacon, if I had that great farm/ranch you have I would invest in that and not the stock market myself. forget the burying in the back yard all that does is make the money stinky.

Got to vacuum seal it first. Haha. I'm just not a big stock market fan. Doesn't matter what it is doing, all the experts tell you to leave it in. Going up. Going down. Doesn't matter. I thought my broker was gonna commit suicide when I pulled out everything several years ago. There are better investment than stocks. And yes, land is a very good investment.

 

[westwolfone]

Land is the BEST investment, always in demand and there's a finite amount of it.

 

[Bfishn]

Left the market after Obama took office and just spend it as get it. No sense saving/investing when rate of returns are lower than inflation. As far as the big drop today, this is just the start, pretty much any company doing a lot of business in Europe is at risk of chapter 11, banks, car companies, electronic companies, oil companies, food services...

So how do you plan on retiring? Or is the world going to end by then?

For you land guys..Bacon..Yes its a good investment, but has a high entry cost for us young folk. If you come into a family farm its a different story. Most working stiffs the company match in 401k is the best investment. As you get older can start to branch out. 401k, Roth IRA, Land, Real Estate etc. The key is not all eggs in one basket. Land has had its crashes to!

 

[huntinforfish]

Fascinating!

Definitely going to be interesting to watch. Could be a very bad or good turning point in their history. From all I've read and heard, I cant begin to guess what will happen and I don't think anyone else can either. All depends on how smoothly everything goes from this point forward. I think it would be quite interesting to listen in on some of the coming meetings and negotiations.

 

[shorthairsrus]

If we had a free monetary system - based on risk vs reward ----- vs a govt heavy controlled zero interest rate with no growth motive ------- a little country like Britain with very little manufacturing or industrial output -- wouldn't put a dent into the worlds economy. But when the worlds economy is based on bullshit like overspeculation due to govt control -- shows how weak we really are. were just a mess of dominos ready to fall.

 

[wildeyes]

just to give you an idea how it effects my investments and I have money all over the place, spread out. looking at the stock market today over half of my investments are in the green not red and some have made big jumps up more so then down. yea it takes some fortitude to play the game.

 

[KDM]

NO SURPRISE!!! Guess the Brits got tired of paying to keep that sinking ship known as the EU afloat. When welfare states/people get to vote on how you spend your money, the party's over. Why can't we figure that out???

 

[westwolfone]

If you have money in stocks, oil, and foreign currency, at 9am it will be gone, no sense in panic selling because it is unlikely your broker will unload it in time. gold is skyrocketing however.

Wasn't Gold about $2,000 an ounce a 3-4 years ago? Should be going up.