<p>The guys we read about. The guys who tell us how to invest our money. The guys that want our money.</p>
<p>Just a guide. Not a perfect measure. But interesting.</p>
<p>[Warren</a> Buffett Gurus Stock Holdings, Investment Philosophies and News – GuruFocus.com](<a href=“http://www.gurufocus.com/ListGuru.php]Warren”>Investment Gurus, Stock Market Gurus List | GuruFocus.com)</p>
<p>Their losses are about par with the losses reported on the retirement account statement I received today. Of course, my statement is from BEFORE the crash. I’m going to go crawl in a hole now …</p>
<p>Most of their losses are before the crash too. Not all of them, but most.</p>
<p>Thanks! Interesting site.</p>
<p>[My gosh, I went through my statements yesterday, and I saw the one from my old 401(k) which I left where it was when I left for a new job… Two years ago they moved all of my holdings into cash because they were changing fund selection for the former employees, and I wanted to pick some, but forgot/never got to it, etc. H reminded me a couple of times because I was missing out on the hot market runup, but I was too busy to get to it. Guess I did not miss out on anything!
My investing philosophy is actually “sell when the gut instinct tells so, sit on a pile of cash for a while, investigate new directions, then move ahead with the new investments.” H has a different approach: a penny which is not invested in the next hot thingamajig is a penny in the wrong place.]</p>
<p>The good part is that for your individual investments or self-directed IRA, you can place stop orders and avoid large losses. I had everything I owned stopped at either 10% or 15% below its high. As of a couple of days ago, I owned no stocks. 401Ks tend to restrict you to mutual funds or cash and don’t allow stop orders. For that reason alone, I suspect that everyone should change jobs every five years or so and roll your 401K into an IRA.</p>
<p>[24/7</a> Wall St.: Cramer’s Natural Gas Play (CHK)](<a href=“http://www.247wallst.com/2008/03/cramers-natural.html]24/7”>http://www.247wallst.com/2008/03/cramers-natural.html)</p>
<p>"Cramer’s Natural Gas Play (CHK)
Tonight on CNBC’s MAD MONEY, Jim Cramer came out with some huge commodity price calls all around “Sweet 16” and “March Madness.” His picks all revolve around “$16” for commodity price handles. He already gave a new gold pick tonight and also gave a new agriculture pick that is different than his top ag-play last week.</p>
<p>Cramer thinks that as oil and coal go up and up, natural gas becomes the go-to play and his pick in natural gas is Chesapeake Energy Corp. (NYSE: CHK). He likes the production growth, and he really likes that insiders and the CEO are buying up stock. This insider buying is after waves of successful insider buying that has now seen exponential gains. But the last bit of insider buying was a monster purchase and that has moved more than $10 since then. He also noted that bears are shorting the stock and the stock doesn’t really stay down that much."</p>
<p>10/10/2008
Chesapeake CEO sells most of his 33 million shares. He had a margin call and sold it in the last 3 days.</p>
<p>Thanks for the link – I guess now I don’t feel quite as bad that my 401(k) dropped almost 25% in the last 5 weeks.</p>
<p>So much for retiring early, next year.</p>
<p>I think this was the second worst week of all time for the Dow Jones Industrial Average. Maybe the worst. </p>
<p>So no…don’t feel bad.</p>
<p>According to CNNMoney,
</p>
<p>So… yeah.</p>
<p>I wonder how Bob Brinker’s picks are doing? I used to listen to him, but didn’t tune in lately.</p>
<p>Very soon I am going to dump some $ into IT. As it is I don’t have enough to be comfortable in my old age, and loosing more $ is not going to make that much difference. However, if the market recovers only some of the loses, I will be much better off. </p>
<p>I am also recommending DS to buy some equities with his IRA. He has a lot to gain on a market rise but very little to loose on a market collapse.</p>
<p>I may be crazy but I just bought stock on Friday. I saw that GM shares had fallen below $5 per share… so I figured that it couldn’t go down much farther & I’d take a gamble. We’ll see. GM has issued a statement that they are NOT considering bankruptcy, but there is talk of a merger with Chrysler and I have no idea what that would mean for shareholders.</p>
<p>Some of them are flush. You do know that brokers have you coming and going. Any activity in the market is lucrative to them. They get their commisions when you sell and when you buy. And there has been a whole lot of selling going on. It’s when there is very little movement that they sweat it.</p>
<p>Bunsenburner–similar situation here. DH somehow never got around to investing bonus money, so we have a rediculous amount in cash in the bank. Makes us look like financial geniuses! :D</p>
<p>It’s so funny seeing “We have carefully identified a number of investment Gurus based on their long term track record” and then seeing a string of red losses.</p>
<p>[T</a>. Boone Pickens sues Lehman Bros. - New Mexico Business Weekly:](<a href=“http://www.bizjournals.com/albuquerque/stories/2008/10/06/daily42.html]T”>http://www.bizjournals.com/albuquerque/stories/2008/10/06/daily42.html)</p>
<p>A question – for those of you with older kids (meaning - out of college, working, with some savings) – if asked, would you recommend that they buy? It’s nerve wracking to get in without knowing if the market is close to the bottom, but it seems like it could be an opportunity to put in small % of savings into historically solid stocks that are sitting at prices that haven’t been this low in 3-4 yrs. What would your advice be to your own kids on this?</p>
<p>Dollar cost average, put in a small amount you do not need to access any time soon and put it in a little at a time</p>
<p>My kids (still in college) are both investing some of their cash savings at this point.</p>
<p>What is the utility of owning stock? So you can resell it to a buyer? And what buyers would you find? Buyers who also wish to resell?</p>
<p>Unless the companies affected are facing the possibility of hostile takeover should their share prices drop too low, or if for some one in a million chance the dividend yield is actually worth it, there really isn’t any solid utility in investing in “solid” stock, nor will they necessarily recover in due time.</p>
<p>Nay, not unless they have ambitions to control the affairs of the companies involved should we common people attempt to invest in the stock market. Unless you are attempting to be a power-mongerer, the capital is better spent elsewhere – it is little more than a legalised pyramid scheme with less of the social stigma and more of the financial prestige. Let Wall Street drown alone.</p>
<p>(IPOs on the other hand are always nice.)</p>