Opinion  Sever Plocker
Forget about the stock market
Sever Plocker
Published: 07.10.08, 20:47
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18 Talkbacks for this article
1. Excellent
Joseph ,   USA   (10.07.08)
Excellent Article and very true, I take for granted that the figures are accurate. To all young people listen to Mr. Plocker study hard and le the Frierim go into stocks and let the brokers (aka commision takers) screw someone else
2. What do you say to an unemployed stock broker?
Shiekh yer Bu'Tay   (10.07.08)
Give me a cheeseburger, fries and a coke!
3. Why do they call them stock brokers, anyway?
Sheikh yer Bu'Tay   (10.07.08)
Because they are "broker" than you are! Hahaha!
4. Mindless drivel.....A spinmeister for "nothing"
Al   (10.07.08)
You are talking nonsense my good man. When America gets a cold Israel will be on life support. You better wish your lucky stars America gets out of this mess or you will have PEANUTS TO PEDDLE. Your technologie is worth nothing when western economies will start collapsing. You better save your peanuts and lay low. Talking nonsense is not what people need to hear. They need to be assured and told in no uncertain terms that very hard times are upon us. Best to be prudent than boastful.
5. Retirement accounts down USD $2 Trillion.
Sheikh yer Bu'Tay   (10.07.08)
A US Congressional official says retirement accounts in the stock market have now lost about $2 Trillion Dollars! Now that is just terrible, but WHY WAS RETIREMENT MONEY IN HIGH RISK INVESTMENTS ANYWAY?! EVERYONE should have learned this lesson from the crash of '29 forward. In your investment lifespan you make high risk investments only with money you can afford to lose! This is usually done when you are young. If the risky stock play lost money.. you had plenty of time to make up for it as you grew older. As we mature, our investments should be gradually shifted into ever increasing secure investments. You shift from high risk/ high yeild investments into low risk/ capital preservation investments. So, who is to blame here? Hmmm.. everybody! Why? Don't ever trust anyone to hold your money! Learn what the risks of an investment are. Ask the question: What is the worst that can happen? If you can't live with the answer.. don't invest into that play! ONLY COMPLETE MORONS AND IDIOTS WOULD PUT RETIREMENT ACCOUNTS INTO THE STOCK MARKET!!
6. So we should be poor like the Israelis? Great idea.
Saul ,   California   (10.08.08)
He's forgetting that it's foreign investment and purchase, financed by these oh-so-horrible investment systems, that permits Israelis to develop the technologies they sell. So let's stop investing. Forget the fact that it's the corporate system that is responsible for the high standard of living in America and Western Europe. Let's all make 8000 shekels a month, have big bank account minuses, and retire with poverty-level pensions like your average Israelis. Or, better yet, be smart about your investments and strengthen regulations on mortgage criteria and high-risk investments by institutional investors. Really, nobody outside of socialist, high-tax Israel would want to switch to a system that provides a standard of living as low as the Jewish State's.
7. Get out of the stock market, and wait for the bottom.
Steven Wilson ,   Anchorage, Alaska   (10.08.08)
Then get back in....that's what he really meant to say. The Dow could go down close to 6000. I think 8000 is still to high. Just like a trip down the ski slope. You can't crash and burn if you get off the slope.
8. Everything is on SALE!!! Time to buy.
Nick Sporek ,   Jerusalem Israel   (10.08.08)
9. INVEST IN ISRAEL
David ,   Shilo ISRAEL   (10.08.08)
Preferably make Aliyah, but Israel remains the 'rock' amongst nations.
10. the rule is "Privatize the profits and socialize the losses.
david ,   israel   (10.08.08)
"Privatize the profits and socialize the losses." quite simple.......not
11. Wrong about Stock market
Ron ,   USA   (10.09.08)
Over the LONG TERM, investing in the stock market wisely yields an average of 10% on one's investment. So I disagree with Mr. Plocker's analysis.
12. Money
Marilyn ,   USA   (10.09.08)
One of the problems in relationship to money, with kind of the exception of earning it and spending it, is that everything has gotten so complicated and we don't have time to try to figure everything out or to try to figure out confusing jargon. Therefore everything must be simplified and this they should have settled on before bailout.
13. #8
mark ,   ca   (10.10.08)
Not yet.Few more weeks.:-))
14. #11
mark ,   ca   (10.10.08)
True.In my case I got 10000 shares of Google on the first few days of trading at $86 a share.Few years later I sold it for $740 a share.Not bad at all;-)))
15. Plocker is an idiot
Ken Besig ,   Israel   (10.10.08)
Plocker is your typical Israeli Marxist, who has no understanding of the capital markets and thus fears them. Indeed, Plocker would have us believe that our government could do a better job running our economy. Anyone who pays the slightest attention to Sever Plocker is a bigger fool than he is, and it will serve them right to lose all they have.
16. # 15 - only fools call others fools !
abc   (10.10.08)
Especially when u call so a highly esteemed journalist . Hopefully you figured out what U R .....
17. Hey I noticed something this morning
MAtthew Dickinson ,   gwinnett, matthew   (10.11.08)
that relates to money. I was looking at my old coin collecting books, and there's one called United States Coin CHECK LIST and REcord Book (9091-3), that I got from Gwinnett Place Mall near the fountain when I was a kid, and in 1793 the first American coin, the penny, was called by the JEws the --- I mean, the first Large Cent? uhhh anyway, it was called the Chain AMERI. Then the next one was called the Chain AMERICA (like Amerika, Kafka?), then the NEXT one was called "Wreath type." It's neat, the writing of the "ONE CENT" on the back looks like it's Hebrew, even though it's English, and it's circled in chains since we were mean to the Indians.
18. Forget about the stock market
Teresa Pollin ,   Bethesda,MD, USA   (10.11.08)
well said Sever!
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