On Sat, 16 Jul 2005 14:54:29 -0400, HarryKrause wrote:

John H. wrote:
On Sat, 16 Jul 2005 12:26:55 -0400, HarryKrause wrote:

John H. wrote:
On Sat, 16 Jul 2005 08:38:22 -0400, HarryKrause wrote:

John H. wrote:
On 15 Jul 2005 23:05:34 -0700, " wrote:

Riddled with FAS wrote:
http://www.businessweek.com/magazine...0/b3944094.htm
You bet!

Figure out how to extract ever more while paying ever less. Good news,
for some, indeed.
Hope this doesn't affect Harry's retirement plan!

" His side has equally divisive ways to strike back. The Carpenters union could
yank some $500 million it has invested in ULLICO Inc., a labor-owned insurance
company."

The Carpenters do not have $500 million invested in Ullico. The union
might have that much invested in a fund or funds managed by Ullico.

The ups and downs of Ullico have nothing to do with me. I ended my
consulting arrangement with that corporation more than a year ago.

My "retirement," when I decide to take it, is funded by real property
holdings in Virginia, Connecticut, and Florida, some of which throw off
income; some relatively small holdings in publicly traded shares, and an
IRA I've been tossing cash into for what seems like forever.
You should consider fishing charters out of Solomons on that 36 footer! $650 a
day, five days a week, about 32 weeks a year...hell, that's decent money!

No, it isn't.

Well, if I were sitting on a couple million dollars worth of MS shares, I
probably wouldn't think so either.

But from a substitute teacher's perspective, $650 a day is decent change for
doing what I enjoy. Doesn't that boat have a wireless modem that would allow you
to stay online while you were out raking in the fish?



$650 a day gross running a large boat ain't gonna hack it. $650 a day
net is fine for part-time. Down in Jax, where the living is cheap, you
can hire a first-rate inshore skipper and boat and all supplies for
about $375 a day, and on that basis, if he works five days a week most
of the year, he's making a modest living.

Most of the money I made off the market is now, via trusts, in the hands
of my kids and grandkids. I am, for all intents and purposes, out of the
stock market, other than a few blocks I hold because of sentimental
reasons or because I have some special personal interest in the company
issuing it.

BTW, your boy Bush's policy of not doing anything to alleviate fuel
prices has put the bite on the boating industry in this area. Sales are
way, way down, marinas are doing much less business, and even the ramps
at Solomons and BP are uncrowded most weekends.

Ah crap. If Kerry had been elected gas would be only about $1.25 per gallon.
Kerry had such good rapport with the Middle East that he could simply make a
phone call and get the prices dropped.

I always ask myself, "WWJD?"

--
John H.
On the 'PocoLoco' out of Deale, MD