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Charles Momsen Charles Momsen is offline
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First recorded activity by BoatBanter: Sep 2008
Posts: 480
Default Value Boats and the DJIA

When I made my clairvoyent post on 9/25/08 about considering buying value
boats for retirement the DJIA stood at 11,000. Today, just over 2 weeks
later the DJIA is near 8,000 a drop of about 30%. For the year the DJIA is
down about 5,000 or about 40%.

If your retirement income is tied to the DJIA you've seen it drop 40% this
year alone. Imagine 10 years of retirement savings up in smoke. That's 20
years of retirement you won't have.

It looks like some of you may have a retirement other than what you planned
for. Decades of thrift and savings went away. The guy who lived high on the
hog and high in debt may even be better off than you, a bankruptcy wiped out
his excesses of the past.

What went wrong? Who is to blame? There's just too much money, so it is
going away, only to reappear at the outputs of government printing presses.
(Same amount, different owners)

As you ponder that, think of the brilliant Capt Neal. He has his reitrement
boat. He has his retirement. He is immune from the current crisis. It may be
too late for some of you but there are those for whom it isn't. Follow the
lead and sound philosophy of the good Capt Neal and a world of untold wealth
will be yours.

Capt Neal, a man whose life rings truer with each passing colossal
boondoogle of a socialist society.