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2011 Off topic thread(basketball,movies,etc whatever)
I was talking about the DOW that just plummeted. I really wanna learn about the stock market and stuff.
The use the word "plummeted" every day. The stock market dropped the last week. But it is still way up from a couple years ago. If you buy today, tomorrow, a week ago, you are guaranteed to get your money back eventually. But even though there has been a sharp drop, it may take a couple years to climb back. I personally think it will be back before the the end of the year. But yeah, if you are thinking about getting in soon, now would be a good time.
Market timing is impossible though. That is, timing when the entire market is going to move up or down. So if you want, get in. Just start out by opening a brokerage online, like at etrade. Then you probably need to start by buying something simple and safe like a vaguard 500 Index fund (VFINX). An Index Fund tracks an entire index (in this case, the S&P 500m which is the largest 500 U.S. companies and is widely regarded as the barometer of "the market.") The Dow Jones is the 30 largest U.S. companies, it is really an outdated measurement.
Once you see how the process works, you can look at ETF (exchage traded funds) and individual stocks.
I am watching The Devils Advocate right now, leave me alone. I haven't seen Rounders yet. Thanks for that explanation Scientist. Ok BYE. Any more movie recommendations sideloaded?
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