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How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?

 
Anonymous Coward
User ID: 26075182
United States
11/14/2012 03:53 PM
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How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
It's my Dad and he stands to lose a lot of money. He just broke even from his 08' losses too.
Anonymous Coward
User ID: 26268975
Slovakia
11/14/2012 03:57 PM
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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
[link to www.cnbc.com]



“I don’t think markets are going down because of Greece, I don’t think markets are going down because of the ‘fiscal cliff’ — because there won’t be a ‘fiscal cliff,’ ” Faber told CNBC’s “Squawk Box.” “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.”
Factual Error

User ID: 19116606
United States
11/14/2012 04:24 PM

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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
You can't. It's his money, let him lose it.
Not intended to be a factual statement.
Anonymous Coward
User ID: 963968
United States
11/14/2012 04:31 PM
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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
Unwitting Pawn
Complicit Dupe
Double Agent
Wild Card

Idol1
snark

User ID: 1050548
United States
11/14/2012 04:34 PM

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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
If you can't talk him into getting out, at least talk him into putting stops under his positions to limit the damages.
T For Texas, T For Tennessee!


The virtue of courage is a prerequisite for the practice of all other virtues, because otherwise one is virtuous only when virtue has no cost. There are times when something needs to be done, and yet we know that if we step up and do this needful thing, we will pay a heavy personal price. -C.S. Lewis
Anonymous Coward
User ID: 27385345
United States
11/14/2012 04:49 PM
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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
Let him lose his money, he's probably a Baby Boomer asshole that is partly responsible for the shithole that is the USA. He has it coming. When it happens laugh in his face and tell him to get a job.
Carshy McCarsh

User ID: 27734006
United States
11/14/2012 04:51 PM
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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
Tell him to move it ALL into silver right now.
Use the historic silver price over the last 7 years to convince him.
Tell me what this tastes like...
Carshy McCarsh

User ID: 27734006
United States
11/14/2012 04:51 PM
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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
Let him lose his money, he's probably a Baby Boomer asshole that is partly responsible for the shithole that is the USA. He has it coming. When it happens laugh in his face and tell him to get a job.
 Quoting: Anonymous Coward 27385345


My, aren't we the bitter little basement dwelling ingrate...
Tell me what this tastes like...
Anonymous Coward
User ID: 7702124
United States
11/14/2012 05:23 PM
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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
It's my Dad and he stands to lose a lot of money. He just broke even from his 08' losses too.
 Quoting: Anonymous Coward 26075182


There are two sides to every trade.....the winners....and the losers.

Guess which side he's gonna' be on?
Anonymous Coward
User ID: 24425839
United States
11/14/2012 08:38 PM
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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
People like me who are looking at 50 soon, have to start saving for their retirement. Otherwise, we will never be able to quit working.

Of the 401k, I have 30% emerging markets and 30% international. This way, I am trying to protect some of my money.

Can't bring myself to buy any bonds.

Your Dad doesn't have any income except what he is saving or has saved for retirement.

It's a hard decision on what he should be doing.
Anonymous Coward
User ID: 27708534
United States
11/14/2012 09:51 PM
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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
And just what would you advise him to put his money in??

It's conceivable that there is NO safe place. Even if you invest in precious metals, even if you move it into a savings account , or annuities. or just cash you can hide under the mattress or bury in the back yard, there is a possibility that they will be worth NOTHING under the proper circumstances. Money isn't real. Food is real. Guns and ammo are real. A home easily defended is real. Trade goods are real. There's always a possibility that none of those things will be necessary. Frankly, I'm not a big believer in the Stock Market. I do have money in the bank and in annuities, that I can't see removing at this time. I hope I have enough food stored in case of emergencies.

If you figure out the answer, Please post it for all of us.
Anonymous Coward
User ID: 7631798
United States
11/14/2012 10:03 PM
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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
He can buy protection if he wants to stay long.

Put Options, leaps.

Tell him cash is a position as well.
Anonymous Coward
User ID: 27779472
United States
11/14/2012 10:09 PM
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Re: How would you convince an unwitting dupe who has a lot of $ in the stock market to get out?
too easy

send him this:

[link to thegreatesttruthnevertold.com]

[link to dont-tread-on.me]


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