Why Neo might be buying stocks soon
by neo
Neo’s mother-in-law used to call Neo a financial fool for selling all his stocks in 2006. But after the recent crash, you would expect her to give Neo some credit for his prescience – a word or two of praise at the next interminably long gossip session get-together would be nice.
Neo Jr – he was unfairly reprimanded for suggesting that Neo’s mother-in-law resembled a Panda Bear.
Actually Neo’s mother-in-law was right in a sense – foolishness is involved in Neo’s financial planning. Neo has his own “financial advisory committee” – composed exclusively of financial fools.
His committee comprises several smart but financially foolish close friends who bought dot-com stocks in 2001, sold at the stock market bottom in 2003, stayed out of the stock market until 2006 and then bought multiple real estate properties for “investment” in 2006.
Neo’s committee pores over the Wall Street Journal as if secrets unavailable to the unwashed masses were being revealed to them for the low low price of $2.99. Armed with this “knowledge” the committee then decides what to do with their constantly shrinking brokerage accounts.
And here’s the twist – Neo simply does the opposite of what the committee is doing. Neo has not kept this strategy a secret from the committee – and yet it works reliably, profitably and does not require a Wall Street Journal subscription.
treasury bonds, CDs, Indian “fixed deposits” and gold.
The message is clear – Neo thinks it might soon be time to buy stocks again! Whether he will actually have the Cojones to do so during the mother of all recessions is another story.
But Neo’s sure his mother-in-law will be “supportive” of whatever Neo does next.
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Yeah, I think this is the time to buy stocks – especially financial services stocks… because of the panic in the current market in the US, many financial services companies with (relatively) solid businesses are wayyyy undervalued…
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@Aditya
I’m still staying away from Financial services stocks. I have a feeling many of them are going all the way to zero eventually.
However, there are many “innocent bystanders” (esp in tech) who might be severely undervalued right now – especially considering that they have no debt, are profitable and have relatively large amounts of cash.
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Does Mrs. Neo read your blog? If so, you may want to consider investing in a good futon or a great pull out couch instead.
Neo Jr. is spot on. The kid is gonna cure cancer someday. All Mother-in-Laws resemble some sorta bear, Jr. deserves Ice cream and cake ever Sunday for the rest of his life.
I bought some Tech Stock at rock bottom prices after the crash. Some disappeared completely and a couple reverse split in multiples bringing my original handsome investment to near zero.
Bulls make money. Bears make money. Pigs get slaughtered.
Is Kingfisher Blue any good?
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Sorry for spamming your blog.. I don’t have a blog and the somewhat blasé quality of my ramblings mean that I won’t ever start one… thus I exist in the gaps of blogspace… The eternal ghost, my existence defined my random comments on random blogs.
So.. every considered doing the exact opposite of your committee’s recommendations? Au contraire? – ever been the contrarian?
My touch of death.. ensues that every stock I buy will tank within 48 hours. It is a mathematically and scientifically proven fact. I wait NASA scientists getting in touch with me to further humanity and use my awesome (but scary) power for the betterment of all mankind. I now have the amazing ability to drag into bankruptcy seeming healthy companies by the sole virtue of buying their stock.
I’ve toyed with the idea of setting up a brokerage account for the Mrs. and having her do the exact opposite of what I recommend. We could be millionaires before this recession ends.
I’m only held back by the fear of my touch morphing to accommodate my new strategy.
I’d recommend Google and Apple.. both are down as I write… but if I buy either, I’m convinced Steve Jobs will die, Larry Page and Sergey Brin will be outed as raging homosexuals or closet homophobes.
Good luck with your investments.
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