"Gogarty" wrote in message
...
In article , says...
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.


It wasn't socialism that crashed but capitalism. Ironically, the gummint
now
has to resort to socialism to try to fill the hole in the dike.


You should listen closer to Mr. Momsen. He is 100% correct. He must be a
libertarian or something close to one. He hasn't been fooled by government
hype and brainwashing. He stands upon a sound financial foundation of
understanding. He is also correct about the Good Captain who is off
cruising the world without a care in the world. He's my hero! Everybody
should be so cool.

Capitalism has not "crashed." Capitalism has only cycled. Every sane man
who has a clue about economics realizes that capitalism and the free-market
system goes in cycles. Boom and bust boom and bust. That's how it works. The
smart investor knows this and works capitalism just like good sailors work
the tides. The tides ebb and flow, ebb and flow. You learn to not buck the
tide.

A smart investor learns to not buck the economic cycles of capitalism. The
present down cycle will be recovered from pretty fast considering all the
measures the government has taken of late to lift it back up. It will
rebound even higher than it was at it's stock market peak. I look for it to
rebound within two or three years to a Dow of 15-16 thousand. But, a word of
advise. This artificial manipulation of the economic cycles by the
government is going to result in the next downturn to be completely fatal.
There's nothing they will be able to do to keep the next downturn from
wiping out the world economy and plunging the planet into another dark age.
Mark my words.

So, if you have any money left, invest it now. I would recommend exchange
traded fund accounts. ETF's have definite advantages over mutual funds. Live
like a king between now and about 2018. That's when the ride will go off the
cliff.

I've just put my money where my mouth is. I've just plowed 2 mill from cash
reserves to an ETF which transaction is to take place at the end of today's
trading session. I'm hoping for another very down day because the stock
market is very close to reaching bottom and it will be up from there. I
could easily realize a 40% increase in the value of my fund within two
years.

So, the deeper lesson is buy low, sell high and never forget it.

Wilbur Hubbard

"Wilbur Hubbard" wrote in message
anews.com...

You should listen closer to Mr. Momsen. He is 100% correct. He must be a
libertarian or something close to one. He hasn't been fooled by government
hype and brainwashing. He stands upon a sound financial foundation of
understanding. He is also correct about the Good Captain who is off
cruising the world without a care in the world. He's my hero! Everybody
should be so cool.

Capitalism has not "crashed." Capitalism has only cycled. Every sane man
who has a clue about economics realizes that capitalism and the
free-market system goes in cycles. Boom and bust boom and bust. That's how
it works. The smart investor knows this and works capitalism just like
good sailors work the tides. The tides ebb and flow, ebb and flow. You
learn to not buck the tide.

A smart investor learns to not buck the economic cycles of capitalism. The
present down cycle will be recovered from pretty fast considering all the
measures the government has taken of late to lift it back up. It will
rebound even higher than it was at it's stock market peak. I look for it
to rebound within two or three years to a Dow of 15-16 thousand. But, a
word of advise. This artificial manipulation of the economic cycles by the
government is going to result in the next downturn to be completely fatal.
There's nothing they will be able to do to keep the next downturn from
wiping out the world economy and plunging the planet into another dark
age. Mark my words.

So, if you have any money left, invest it now. I would recommend exchange
traded fund accounts. ETF's have definite advantages over mutual funds.
Live like a king between now and about 2018. That's when the ride will go
off the cliff.

I've just put my money where my mouth is. I've just plowed 2 mill from
cash reserves to an ETF which transaction is to take place at the end of
today's trading session. I'm hoping for another very down day because the
stock market is very close to reaching bottom and it will be up from
there. I could easily realize a 40% increase in the value of my fund
within two years.

So, the deeper lesson is buy low, sell high and never forget it.

Wilbur Hubbard

I see you must be growing your own pot back in that mostiquo infested swamp.
Might be a good way to spend the next few years.....assuming that post
office pension is safe.