I do not. I believe wholeheartedly in Mark Cuban's advice here: "The first step ... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

padobson on March 29, 2012 | parent | context | favorite | on: Ask HN: Do you invest in the stock market?

I do not.

I believe wholeheartedly in Mark Cuban's advice here:

"The first step to getting rich is having cash available. You arent saving for retirement. You are saving for the moment you need cash. Buy and hold is a sucker’s game for you. This market is a perfect example. Right at the very moment when cash creates unbelievable opportunity, those who followed the buy and hold strategy have no cash."

Emphasis mine.

Full article: http://blogmaverick.com/2008/10/04/how-to-get-rich/

UK-AL on April 9, 2012 | [–]

I think most stocks and bonds are classed as Cash equivalents due to how fast you can turn them it to cash.

Actually. No I'm wrong stocks are not classed as equivalents due to risk. But the point is there.

eli_gottlieb on April 4, 2012 | [–]

That sounds almost like what I formalized into my investment robot's algorithm.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact