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04-02-2012, 08:58 PM
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Loyal Opposition
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Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
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Hey Mezz, did you say something about arrogance? Re-read your post and see if you find any there. If not, then we will talk about blindness.
Regards,
D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
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04-02-2012, 09:06 PM
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Senior Member
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Join Date: May 2009
Posts: 10,348
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Quote:
Originally Posted by BlueStreak
People are making unbelieveable amounts of money. I'm no Bill Gates, by any means, but even I make money in my sleep, lately. And I know I can't be alone. I'm not the only person who invests. If I'm making money, so are a lot of other people.........
I don't understand all of this........dogmatic negativity? (For lack of a better term.) Why does everthing have to be all doom a gloom, no matter what happens? What is that?
You tell me.
Dave
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For one thing, I'm drunk.
And for another, even if the market is up, the value of your money that is invested is worth less.
And the money you're making is worth less.
We are currently inflating away our debts. Which is great if you're in debt, but if you have money in the bank, or are on a fixed income, you're taking it in the shorts.
Of course, the game has always been played the same. If you're in the right place at the right time, or even in the right place at the wrong time, you come out smelling like a rose.
I don't see it as gloom and doom, I see it as supply and demand.
Give me a few seconds.
Money is like anything else, the more of it you have, the less it is worth.
Another thing is, interests rates are low because no one wants to borrow it.
Now let me take this in the eyes of my mentor, who wasn't a fool by anyone's standards. Besides, this isn't the first recession I've seen.
He said that you don't want to speculate on housing whenever lumber was cheap. His reasoning was that lumber was cheap because there was no profit in housing.
He also said if you want to make any money, you have to be 180 degrees out with the rest of the world.
Same thing with money, it's cheap because no one wants it. But it won't always be like that.
So follow my scheme.
I've got two lots that would be perfect for ADA accessible homes, down by the park, which was my scheme to do back a few years ago whenever I was healthy, financially speaking.
We have lots of old folks around here, and a real shortage op ADA housing, which makes it a pretty sure bet.
But it's still a bet. And I've taken a liking to this debt free, money in the bank lifestyle I've grown accustomed to.
Personally, I think it's getting close to the time to borrow some money and roll the bones, but I'm still cautious. For every winner there's a loser.
I'm not negative, I'm calculating. And I can't afford to be wrong.
Besides, you don't have to worry about what goes right.
Does this make any sense to you?
Chas
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04-02-2012, 09:09 PM
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Senior Member
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Join Date: May 2010
Posts: 543
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Quote:
Originally Posted by d-ray657
The OP asked a question. We were supposed to say "just because?"
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Most of you said just that. If you were indeed supposed to say anything (I would never ask a question like that - with a supposed answer - what do you think I am anyway, a liberal?!?!) it would have been some valid reasons based in fact or a simple 'yes I've changed my mind'.
Last edited by mezz; 04-02-2012 at 09:11 PM.
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04-02-2012, 09:47 PM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,451
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Quote:
Originally Posted by Charles
For one thing, I'm drunk.
And for another, even if the market is up, the value of your money that is invested is worth less.
And the money you're making is worth less.
We are currently inflating away our debts. Which is great if you're in debt, but if you have money in the bank, or are on a fixed income, you're taking it in the shorts.
Of course, the game has always been played the same. If you're in the right place at the right time, or even in the right place at the wrong time, you come out smelling like a rose.
I don't see it as gloom and doom, I see it as supply and demand.
Give me a few seconds.
Money is like anything else, the more of it you have, the less it is worth.
Another thing is, interests rates are low because no one wants to borrow it.
Now let me take this in the eyes of my mentor, who wasn't a fool by anyone's standards. Besides, this isn't the first recession I've seen.
He said that you don't want to speculate on housing whenever lumber was cheap. His reasoning was that lumber was cheap because there was no profit in housing.
He also said if you want to make any money, you have to be 180 degrees out with the rest of the world.
Same thing with money, it's cheap because no one wants it. But it won't always be like that.
So follow my scheme.
I've got two lots that would be perfect for ADA accessible homes, down by the park, which was my scheme to do back a few years ago whenever I was healthy, financially speaking.
We have lots of old folks around here, and a real shortage op ADA housing, which makes it a pretty sure bet.
But it's still a bet. And I've taken a liking to this debt free, money in the bank lifestyle I've grown accustomed to.
Personally, I think it's getting close to the time to borrow some money and roll the bones, but I'm still cautious. For every winner there's a loser.
I'm not negative, I'm calculating. And I can't afford to be wrong.
Besides, you don't have to worry about what goes right.
Does this make any sense to you?
Chas
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I believe so.
As the market was plummeting in the Spring of 2009 I sat in front of the computer in the shop.
As wide eyed coworkers watched on I increased my 401k contribution to 15%.
"You're a fucking idiot, you're gonna lose everything!" I was told by a conservative co-worker who has been through bankruptcy twice.
He cut his to the minimum, 2% and then took $10,000 out----to buy a car. (And, to keep "President Buckwheat" from getting his hands on it.) BTW, he only had about $15k in it to begin with. Prefers to spend his money on drag racing.
Fast forward to today.
As of closing bell;
Me;
$136,799.19 at T. Rowe Price.
$93,726.51 at TransAmerica.
Total;$230,525.70
Him;
In bankruptcy for the third time. Has a really fast '66 Impala though.
Yeah. I'm a fucking idiot.
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
Last edited by BlueStreak; 04-02-2012 at 09:51 PM.
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04-03-2012, 05:18 AM
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Senior Member
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Join Date: May 2009
Posts: 10,348
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Quote:
Originally Posted by BlueStreak
I believe so.
As the market was plummeting in the Spring of 2009 I sat in front of the computer in the shop.
As wide eyed coworkers watched on I increased my 401k contribution to 15%.
"You're a fucking idiot, you're gonna lose everything!" I was told by a conservative co-worker who has been through bankruptcy twice.
He cut his to the minimum, 2% and then took $10,000 out----to buy a car. (And, to keep "President Buckwheat" from getting his hands on it.) BTW, he only had about $15k in it to begin with. Prefers to spend his money on drag racing.
Fast forward to today.
As of closing bell;
Me;
$136,799.19 at T. Rowe Price.
$93,726.51 at TransAmerica.
Total;$230,525.70
Him;
In bankruptcy for the third time. Has a really fast '66 Impala though.
Yeah. I'm a fucking idiot.
Dave
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So he sold low and bought a hot rod? I can see why he's going down for the third time.
You did the right thing by doubling down at low tide, unless you're one of those who believe in a total economic collapse. Of course, if that happens, it won't matter because everyone will be broke.
Damn, I had too much fun last night. But it was over 90 yesterday, and those Irish Ales were sliding down good.
Chas
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04-03-2012, 05:52 AM
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AKA Sister Mary JJ
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Join Date: May 2009
Location: Upper East Tennessee
Posts: 5,897
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Quote:
Originally Posted by Charles
To be honest, it's not what he's done up to now that bothers me, it's what he'll do next as a lame duck.
Then again, I look at Romney, and can't help but wonder where the difference lies.
But the game is working as it's supposed to. You have a choice between two sumbitches you would have never picked in the first place if you REALLY had a choice.
I just hope the bastards don't clean me out and leave me eating out of a garbage can.
One vote will only get you so far.
I think what gets me, especially on this little forum, is that probably you and I will agree that what the Pukes are offering up isn't much to brag about. But the majority, who happen to be on the left, are incapable of admitting that what the Donks are offering up isn't much to brag about either.
I don't mind an open dialogue, but attitude and talking points wears on my patience. It's not necessary here.
If by the way, if you libs see this as a shot across your bow, your assumption is correct.
And as a case in point, you ran off Sandy G. That takes some doing. Keep it up and all you'll have left is a circle jerk.
Chas
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Whole lotta truth in this post.
BTW, I haven't changed my mind about Obama.
__________________
"Get your facts first, and then you can distort them as much as you please." (Mark Twain)
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04-03-2012, 07:43 AM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Quote:
Originally Posted by piece-itpete
And yet they can still beat the honest, intelligent lefties?
I love saying, Bush was better at handling the Congressional Dems then Obama handling the GOP
Pete
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Just how do you go about "handling" a collection of gutless assholes who surrendered their manhood to Grover Norquist?
BTW anyone see the last Doonesbury strip,
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
Last edited by merrylander; 04-03-2012 at 02:50 PM.
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04-03-2012, 07:44 AM
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Abby Normal
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Join Date: May 2009
Posts: 11,245
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Quote:
Originally Posted by Charles
For one thing, I'm drunk.
Chas
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I love posts that start out like this!
I am still sober 3 plus years later. Seems I should have healed up sooner than this. I do promise that as soon as I am up to it I will post in this same refreshing manner.
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04-03-2012, 07:53 AM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Quote:
Originally Posted by bhunter
He ain't done yet. Just today, the idiot was out inserting an anti- judicial activist statement into his speech wrt Mexico and Canada. Here I thought the left liked activist judges.
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No we don't like activist judges for the simple reason there is no one above them. The Roberts Court has run amok what with money=speech, corporations=people, and super PACs. You do realize that this last two allows foreign corporations to influence our elections. Try and influence electionss in the UK, or Germany, or Switzerland where three of the big Pharma are located and see just how far you get.
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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04-03-2012, 07:54 AM
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Abby Normal
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Join Date: May 2009
Posts: 11,245
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Quote:
Originally Posted by JJIII
Whole lotta truth in this post.
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Not really. No one ran anyone off. Some folks left from both sides of the isle. John was a much more frequent poster and he could no longer tolerate the back to the past crowd.
Both Chas and myself have left more than once always to return, I was never "run off." I choose to give myself a time out.
To be honest it seems to me the left simply wins more arguments and that pisses off the folks on the right.
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