Posted by Bill(Wis) on January 01, 2014 at 08:18:58 from (24.161.29.205):
In Reply to: Re: Investments posted by Texasmark1 on January 01, 2014 at 07:17:06:
I wish I could talk you out of thinking like that. That sounds like the pitch the annuity salesmen give. When the stock market tanks like it did a few years ago it overdoes it and ends up way too low at the bottom point. A lot of really good stocks get caught up in the panic and are bargains by any standard. Don't buy into that old "percentage" crap. The Dow 30 lost over 50% of its value between 2008 and Mar 2009. From about 14000 to 6726. Today, it's running at about 16,500. 30 stocks make up that index. Another way of trying to explain it is when a really good stock takes a tumble due to an overall market crash, it will recover and it will be easier to get up to that previous high the second time than it was the first. Two human emotions control the stock market. GREED and FEAR. In the words of Warren Buffet: "When others are fearful, be greedy. When others are greedy, be fearful." One last parting shot. An example. When Ford Motor Company went from the teens down to $1.50+/-, I tried to tell anyone who would listen to buy it. Everyone I talked to was afraid to buy it. It had lost over 90% of its previous value. Now, it's 900% higher. Still believe in those percentage stories?
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
