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  #1  
Old 11-27-2007, 05:20 PM
ItalianFX ItalianFX is offline
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Default Ben Stein: XLF - Financial SPDR

I read an article on Yahoo Finance written by Ben Stein and he suggested buying XLF for the long-term. He basically said that investments do the best when people hate them, and the Financials aren't doing so hot lately.

I've been looking into buying some index funds/ETFs in my IRA since I have money just sitting there and was thinking about putting some in XLF.

Anyone have any advice? What about other areas to invest in? I was also looking into some Emerging Markets.

I'm 24 now, and have 7500 in my IRA. That will give me a good 40 years. I should have more money in there, but I haven't contributed to my IRA in a couple years because I don't have enough income to put it towards something I won't be able to get out of.
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  #2  
Old 11-28-2007, 05:06 AM
pig4bill pig4bill is offline
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Default Re: Ben Stein: XLF - Financial SPDR

He's been saying that for awhile. And he's been wrong the whole time. If he thinks people hate financials now, he'll get a real eyefull 6 months from now.
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  #3  
Old 11-28-2007, 08:47 AM
Zygote Zygote is offline
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Default Re: Ben Stein: XLF - Financial SPDR

[ QUOTE ]
He's been saying that for awhile. And he's been wrong the whole time. If he thinks people hate financials now, he'll get a real eyefull 6 months from now.

[/ QUOTE ]

im short XLF. ben stein is crazy. you should really stay on the sidelines if you aren't aware of the problems brewing.
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  #4  
Old 11-28-2007, 11:05 AM
ItalianFX ItalianFX is offline
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Default Re: Ben Stein: XLF - Financial SPDR

[ QUOTE ]
[ QUOTE ]
He's been saying that for awhile. And he's been wrong the whole time. If he thinks people hate financials now, he'll get a real eyefull 6 months from now.

[/ QUOTE ]

im short XLF. ben stein is crazy. you should really stay on the sidelines if you aren't aware of the problems brewing.

[/ QUOTE ]

I probably wouldn't invest in it now, but maybe in the near future? The financials are not going to stay down forever, and it may be the best buying opportunity when all is said and done.
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  #5  
Old 11-28-2007, 02:09 PM
Zygote Zygote is offline
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Default Re: Ben Stein: XLF - Financial SPDR

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
He's been saying that for awhile. And he's been wrong the whole time. If he thinks people hate financials now, he'll get a real eyefull 6 months from now.

[/ QUOTE ]

im short XLF. ben stein is crazy. you should really stay on the sidelines if you aren't aware of the problems brewing.

[/ QUOTE ]

I probably wouldn't invest in it now, but maybe in the near future? The financials are not going to stay down forever, and it may be the best buying opportunity when all is said and done.

[/ QUOTE ]

maybe in a few years. Stay away for the forseeable furture, the bottom is far from where we are today.
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  #6  
Old 11-28-2007, 12:46 PM
sylar sylar is offline
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Default Re: Ben Stein: XLF - Financial SPDR

[ QUOTE ]
[ QUOTE ]
He's been saying that for awhile. And he's been wrong the whole time. If he thinks people hate financials now, he'll get a real eyefull 6 months from now.

[/ QUOTE ]

im short XLF. ben stein is crazy. you should really stay on the sidelines if you aren't aware of the problems brewing.

[/ QUOTE ]

please educate us.

imo, there are a few financials that are bottoming right now. like citigroup. i mean they are taking charges now that pretty much everyone is going to have to take 6 months from now. of course, C can go a lot lower, but i think this winter is the right time to accumulate bottoming financials. please note that XLF does not fall into this category.
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  #7  
Old 11-28-2007, 02:06 PM
Zygote Zygote is offline
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Join Date: Jan 2005
Posts: 2,051
Default Re: Ben Stein: XLF - Financial SPDR

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
He's been saying that for awhile. And he's been wrong the whole time. If he thinks people hate financials now, he'll get a real eyefull 6 months from now.

[/ QUOTE ]

im short XLF. ben stein is crazy. you should really stay on the sidelines if you aren't aware of the problems brewing.

[/ QUOTE ]

please educate us.

imo, there are a few financials that are bottoming right now. like citigroup. i mean they are taking charges now that pretty much everyone is going to have to take 6 months from now. of course, C can go a lot lower, but i think this winter is the right time to accumulate bottoming financials. please note that XLF does not fall into this category.

[/ QUOTE ]

wish i could go over everything but long story short is the fact that credit is going to be harder and more expensive to come by and this industry is very dependent on such needs. Lots of off balancesheet write offs are still ready to come and we dont know precisely which banks these are dispersed among.
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  #8  
Old 11-29-2007, 02:05 AM
pig4bill pig4bill is offline
Senior Member
 
Join Date: Dec 2005
Posts: 2,658
Default Re: Ben Stein: XLF - Financial SPDR

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
He's been saying that for awhile. And he's been wrong the whole time. If he thinks people hate financials now, he'll get a real eyefull 6 months from now.

[/ QUOTE ]

im short XLF. ben stein is crazy. you should really stay on the sidelines if you aren't aware of the problems brewing.

[/ QUOTE ]

please educate us.

imo, there are a few financials that are bottoming right now. like citigroup. i mean they are taking charges now that pretty much everyone is going to have to take 6 months from now. of course, C can go a lot lower, but i think this winter is the right time to accumulate bottoming financials. please note that XLF does not fall into this category.

[/ QUOTE ]

wish i could go over everything but long story short is the fact that credit is going to be harder and more expensive to come by and this industry is very dependent on such needs. Lots of off balancesheet write offs are still ready to come and we dont know precisely which banks these are dispersed among.

[/ QUOTE ]

The answer to that is: All of 'em.
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  #9  
Old 11-28-2007, 10:32 AM
Parallax Parallax is offline
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Join Date: Aug 2006
Posts: 105
Default Re: Ben Stein: XLF - Financial SPDR


[ QUOTE ]

Anyone have any advice? What about other areas to invest in? I was also looking into some Emerging Markets.



[/ QUOTE ]

I would definitely invest in VWO or EEM before buying XLF.
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  #10  
Old 11-28-2007, 10:44 AM
tippy tippy is offline
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Default Re: Ben Stein: XLF - Financial SPDR

ItalianFX,

I'd probably go for the financials. You got 7500 to invest. Break it into three chunks and average it in. Put 2500 in now since the market has "corrected" 10%. If it truly is a correction, then the 2500 will show a profit when the market resumes its uptrend. If it isn't a correction, but rather the first leg of a downtrend, then you can pick two more points on the way down to put in your other two 2500 chunks. You should be able to get a pretty good entry point as your basis for the next 40 years.

I'd stay away from the emerging markets right now. They have run up. If the dollar turns stronger, these investments aren't going to look real good comparative to the US assets.
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