SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Joseph G. who wrote (2453)6/21/1998 9:53:00 PM
From: yard_man  Read Replies (1) of 86076
 
You are right that my gains so far have been trading gains.

Some countries may not honor basic committments. Not just defaulting on loan agreements.

If and when such a country does this when it is dependent on exports it would be committing economic suicide. I think the probability is low unless there is significant civil unrest, i.e. civil war or some kind.

In real terms perhaps some of these countries will not come back in 10 to 20 years, but when you look at not only how far the markets have collapsed and the currency exchanges rates which have also cratered, I find it highly unlikely that there is going to be another implosion in equity prices of the same magnitude at this point from the standpoint of the dollar.

Individual US stocks have a nozero prob. of becoming worthless (I have a buddy who bought Morris Knudsen a few years back), the risk with a collection of stocks is much less, even in another country.

Have you been investing long enough to have bought one of the US bear markets?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News