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Canuck57[_9_]

On 11/12/2012 12:55 PM, wrote:
On Tue, 11 Dec 2012 10:48:11 -0700, Canuck57
wrote:

When I saw 2007/8 coming, I had the flexibility to make and not lose
money on the deal. Made off like a bandit really.

I saw it too. When Centex told my wife to stop building inventory
houses in the summer of 06 and they would not even start digging on a
house without $50,000 in cash on the table, I knew someone thought the
party was over. Hannigan and Ellers sold the company in late 06 and I
moved my 401k over to the "safe" fund. When the market bottomed in 09
I switched back over to the aggressive funds. My 401k did fine.

First notice I had was 2005 when the company started openly planning for
bad news. But 2006 made it clear we were in for it. 2007 is when credit
markets were seized up from fraud low interest rates and I knew then
there was no stopping it, liquidate and I did. By spring of 2008 I was
80% liquid cash. I thought I missed for awhile but November made me
right on.

Sure was a nice cheap buying in Jan-Mar 2009. While I did lose some, I
made much much more. Pooled plans can't do this. Me, I dump 5000
shares of SNA (or others) and buy it back at half price it is easy, but
a pooled plan with 1,000,000 shares isn't so flexible.

Did the same with my 401K, took a 2007 package of fat severance, rolled
the 401K into a IRA 100% cash like. Lots of money to buy when the time
was right. Had a better job in 3 weeks too.

But hey, our liberal-socialist economics counterparts and debt strapped
paper tigers sure took a bath.
--
Liberal-socialism is a great idea so long as the credit is good and
other people pay for it. When the credit runs out and those that pay
for it leave, they can all share having nothing but debt and discontentment.