GoldenBoy812

Nice post and info. u sorta corrected AND completed my post thnx

and great point about AIG and insurance. that is what i failed to point out.

But for now, until i have a good sum of money, im gonna stick with Gold, silver, and platinum :thumbsup:

with a shotgun on my wall and these stuff under my mattress ill be good

no but seriously, Diahashi also had a good point which i actually agree with: Diversification of portfolio matters alot, but again I would not step into stock market at all until i have a good amount of capital to invest as just a portion of my net worth.

OR

if i have small amount of cash to invest, I will become a fulltime trader following market's every move to preserve my investment the best way i can.

but my point was: MY LIFESTYLE SHALL NEVER DEPEND ON THIS MARKET. so in times like this that tend to happen too often imo, i wont have much to worry about. the whole point of living large is to live a happy good life, not to worry about making or losing money in my philosophy.

i still can't believe people use borrowed money in the stock market... same thing that led to 1929 crash. stock market slowed down sharply and no1 was making anymore cash off of their borrowed investment... resulting in non-payment to banks and collapse of financial sector which blew back again to stock market bringing it to a complete halt and making a full loop.

an old article... man i just saw this and im now scared shitless!
NY Times: Stock Loans Are No Place for Secrecy

The S.E.C., which also filed civil fraud allegations, says the actions brought in $12 million for the traders. This is a $700 billion market, according to calculations by Vodia Group, a research firm, but one that is so hidden from view that this suspected fraud could go on for more than five years without being detected.
$700 billion bail out plan rings a bell?
Threats and fears of a massive recession remind u of the great depression?

this all just opened a new window for me...ill be looking into it.