How about the stock market?

  • Thread starter infallible
  • 39 comments
  • 1,474 views
I

infallible

543
Any predictions anyone?? I know the market's going up and it will for a good three months, but where after that?

Anyone hear about the merger between Chevron and Texaco?


Oh and another thing. It's projected, that in 900 years a comet will collide with the earth and the earth will cease to exist. Now that is in 900 years, and a lot can happen to make this collision not happen. However, NASA lunched a 952 million dollar operation on GLOBAL WARMING!!! Now what's more important, having nasa study more in fussion or sometype of energy or spacecraft that can travel fast enough to get to the other planets, with the knowledge of the projected future of the earth, or study granola eating global warming!!!!!!

Who knows, and if anyone else has some more knowledge about these subjects i'd really like to learn
 
The stock market's not going up. They got lucky today, and I'm sure they blame it on "good consumer news." Well, why, then, when the GDP went up 5.8% did the market drop 120 points?

There's a floor for the market at 8,200 (9-11 low). If it breaks that floor, there will be a depression.
 
Guys, you're fooling yourselves if you think you can pick it day-to-day. Great example last week - US interest rates stay steady, Wall Street flat. Australian interest rates go up 0.25%, Aust. stock market goes up 1.5% - anyone who's studied finance and economics knows that's contradictory to all accepted theory.

Best way to look at the stock market is medium to long term.
 
Yeah, short-term investing is HORRIBLE, a great way to lose money. Just like buying a Korean car new with a lot of options...
 
You hold them and reinvest the dividends.

The point I was making was that in the long term most stocks will go up - as an example the Australian Stock Market index in December was around 500, now its around 3200. From a wealth building point of view you simply accumulate good quality stocks, and build up a portfolio.

It's all very well thinking you can pick short term movements, but unless you're a professional investor and have very good access to information, you're kidding yourself.

For every story of a guy tripling his money in a week, there's ten stories of guys halving their money in two - especially in the market we've had in the last two years.
 
Originally posted by Puffy
i think i'm gonna leave the stock market to old people... i mean my elders
Click to expand...

That's a fair call, it's too much like hard work - best thing to do if you're young and just starting out at work is to start a cash management account with a reputable bank/investment hourse and put a couple of hundred bucks a month in it - and DON'T TOUCH IT!!!!

My partner and I have a cash management account that our wages go directly into - I never see the money, it goes straight in from my pay - and it's a bit of a pain to get the $ out (takes about 5 working days) - so we never touch it.

That money has come in extremely useful when we needed to get our hands on $10k pretty quickly, and we'll need that money once we buy a place here.
 
that's gonna be hard for me, saving money and not touching it, i've been working for three years and all i have to show for that is a closet full of clothes and a car( my parents bought it i just did stuff to it)
 
Look - I used to do the same thing.

Best thing to do:
- get it taken straight out of your pay (you never get your hands on it in the first place)
- put it in an account that's a pain to get at (at least a week) - that way you won't use it for impulse buys, and you've got some time to think about a purchase (e.g. buyer's regret kicks in)
 
When do you need to get $10K pretty quickly? I don't think I've ever extracted $10,000 from any account I've ever had in all my life at one time. What are you, a drug dealer? :D
 
I see, now. Hey by the way: Your Liberty (Legacy, feels funny to call a Subaru a "Liberty")--is it a standard-spec wagon? If so, do you see a lot on the road? I know I don't in America (with the popularity of the Outback) but I wondered in Australia if it sold well. We've got the Camry in America instead.
 
Originally posted by M5Power
I see, now. Hey by the way: Your Liberty (Legacy, feels funny to call a Subaru a "Liberty")--is it a standard-spec wagon? If so, do you see a lot on the road? I know I don't in America (with the popularity of the Outback) but I wondered in Australia if it sold well. We've got the Camry in America instead.
Click to expand...

Actually, it's a sedan - let me sniff around and find a picture.

attachment.php


This isn't actually my big blue Super Sube - but this is exactly what it looks like (right colour, right spec).

The reason it's called the Liberty here is that Legacy is the name of the charity that supports the families of war veterans, and the the RSL (veterans' representative body) thought it inappropriate that the name be used by a car manufactured by a former adversary. Jeep use the Liberty name over there for their new small model, don't they?

The Liberty is VERY popular here, particularly with youngish (ie. 30sih) couples - the marque enjoys a very strong reputation for excellent engineering here, thanks to the old 4wd wagons and that little ute they used to do. You see a lot of them running around. I remember reading somewhere about 18 months ago that Subaru had an enviable marketing position here, in that they are seen as both 'aspirational' and 'attainable'. I think Australia is one of Subaru's bigger markets.

Toyota Australia actually manufactures the Camry here (for both local consumption and export), they do particularly well with fleet and corporate buyers - but they're about as exciting as a beige cardigan.

The Liberty is probably perceived as a Camry with character.
 
Uh, no - it legally belongs to the better half. It's also leased.

Let's see, though.

I really like the handling and ride combination, so I doubt I'd lower it, maybe a nice set of Koni dampers from the B4, and maybe slightly firmer bushes - maybe something just to take a little bit of the understeer out of it. I have to live with this car day to day.

I'd avoid wholesale engines to the engine - reprogram the computer, or a modchip. A nice exhaust (it actually runs a reasonably decent one as it is), extractors with a reasonable pipe, maybe an inch or two up on stock.

Wheels - mmm. I hate the spoked 17's from the B4, but I like the style of the 16's. The 17's from the WRX are nice - they'll do nicely thank you.

Some nice Xenon globes for the headlights, and that'd be about it!

If I had the money, I'd actually really like to put a six speed in it.
 
Originally posted by Dudebusta
friends father has a silver liberty, he is selling it because he cant afford to put tyres back on it.
Click to expand...
Really? What model/year?

I've been really impressed with the tyre wear - it's just about due for rotation, but based on wear I'd say it should get 50-60,000 out of the tyres pretty comfortably - which considering how I drive is pretty good. Our old Vectra used to just eat front tyres.
 
its exactly the same as the one in the picture...dunno what year. i guess that shapes been around since late 90's?

yeah front wheel drives eat tyres, my old ladys camry really chews em.
 
'99 I think - if it's an RX the wheels are the give-away - they have a solid spoke rather than the split design you can see above, then it's the first series, if they're split but have the frosted headlights it's the second series, and if it has the clear lens it's the third series (MY02).

First time I've heard of the cost of tyres being a reason to sell a car - is he planning to buy a replacement?
 
Vat_man:

First off, yeah, I see about one standard-spec Legacy a week. Although the Outback is without question the most popular car in the Colorado area.

I bet the Camry is manufactured there, but does it do well? In England I know they sell the same number of Camrys the whole year as American dealers sell in one week (!). My dad has had three straight - in Guam. He loves 'em. I bet it depreciates pretty damn quick in Australia, huh?

Here, the Legacy is actually considered to be one of the more bland cars to purchase. Subaru knows that the only way to make money is to put out the SUVs (Forester) and AWD wagons (O-back).
 
It does okay, but the local car market here is only 760-800,000 cars a year - from memory I think Toyota sell around 50-60,000 Camrys a year. The local factory is heavily dependant on exports to be viable.

The Camry is, from memory, the third place seller here, after the Falcon and Commodore.

The Camry's viewed here as the motoring equivalent to whitegoods. It's very effective at what it does - goes, stops and turns well. Resale is very good, because, well, owning a 3 year old Camry is very similar to owning a new Camry.
 
That's good to hear, I think. I read these English car mags that absolutely KNOCK the Camry because it's so boring -- which it is -- but you've also got to admire the simple competence. And it is competent. I'm surprised to hear it does so well in Australia, then. What are the figures on the number of Libertys sold?
 

Similar threads

Vince_Fiero
The Philosophy theory thread
2
Replies
41
Views
2K
Vince_Fiero
Vince_Fiero
blaaah
Sowing seeds of life into the galaxy
Replies
10
Views
2K
Stevisiov
Stevisiov
C
Premium imperfect: The WIP list of visual problems and inconsistencies
2 3 4
Replies
96
Views
20K
Grippy
Grippy
Mike Rotch
Cassini's Huygens probe doomed to failure!
Replies
5
Views
657
Danoff
Danoff
DQuaN
Explain the unexplainable........
Replies
8
Views
658
Famine
Famine

Latest Posts

Back