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#131
posted to rec.boats
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Will losses at Bank of America...
Short Wave Sportfishing wrote:
On Wed, 23 Jan 2008 00:26:12 -0500, "D.Duck" wrote: "Short Wave Sportfishing" wrote in message ... On Tue, 22 Jan 2008 21:33:35 -0500, "D.Duck" wrote: You cannot just look at one year either from a positive or negative aspect. One of the more interesting things I became involved with was back testing - I started doing this about ten years or so ago using 1 month, 6 month, 18 month, 36 month spans. It's really an interesting way to determine the value of any long term investment. Now, I've got programs that will forward test, back test, sideways test, upside down test... :) I don't trade as much as invest long term. Every once in a while you get interested in something or the other and invest in that. Solar stocks recently have been a winner for me - funds and single intestments. Probably will be handing those off to the kids. I've mentioned this before, but I still have IBM stock from thirty years ago. :) What a lousy hold that has been. 8-) Horrible - the return has been - horrible. I'm so ashamed. :) I've also been very lucky - as in REALLY lucky with my long term investments. We dumped most of our portfolio, with exceptions, on September 10th, 2001 and intended to reset investments on the 12th. Whew... :) I think you might be getting a visit from the feds this morning. |
#132
posted to rec.boats
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Will losses at Bank of America...
On Wed, 23 Jan 2008 08:14:25 -0500, hk wrote:
Short Wave Sportfishing wrote: On Wed, 23 Jan 2008 07:43:32 -0500, hk wrote: If there is no acceptable government issued currency, we're back to barter. You want to barter slips of paper or chunks of gold? Pizza. Pizza will become the defacto currency. Plain or mozz? Plain will the .01¢, Mushroom will be .05¢, Onion will be .10¢, Mushroon/onion will be .25¢, Pepperoni will be .50¢ and mushroom/onion/pepperoni will be $1. |
#133
posted to rec.boats
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Will losses at Bank of America...
Short Wave Sportfishing wrote:
On Wed, 23 Jan 2008 07:43:32 -0500, hk wrote: If there is no acceptable government issued currency, we're back to barter. You want to barter slips of paper or chunks of gold? Pizza. Pizza will become the defacto currency. Actually in the complete collapse of society, pizza would have substantially higher value than gold. |
#134
posted to rec.boats
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Will losses at Bank of America...
"Short Wave Sportfishing" wrote in message
... On Wed, 23 Jan 2008 07:43:32 -0500, hk wrote: If there is no acceptable government issued currency, we're back to barter. You want to barter slips of paper or chunks of gold? Pizza. Pizza will become the defacto currency. That makes a lot more sense than gold. |
#135
posted to rec.boats
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Will losses at Bank of America...
JoeSpareBedroom wrote:
"Short Wave Sportfishing" wrote in message ... On Wed, 23 Jan 2008 07:43:32 -0500, hk wrote: If there is no acceptable government issued currency, we're back to barter. You want to barter slips of paper or chunks of gold? Pizza. Pizza will become the defacto currency. That makes a lot more sense than gold. If you pound gold very thin, and saute it, and then serve it with a brown gravy it still taste like ****. |
#136
posted to rec.boats
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Will losses at Bank of America...
On Wed, 23 Jan 2008 08:29:18 -0500, "Reginald P. Smithers III"
"Reggie is Here wrote: Short Wave Sportfishing wrote: On Wed, 23 Jan 2008 00:26:12 -0500, "D.Duck" wrote: "Short Wave Sportfishing" wrote in message ... On Tue, 22 Jan 2008 21:33:35 -0500, "D.Duck" wrote: You cannot just look at one year either from a positive or negative aspect. One of the more interesting things I became involved with was back testing - I started doing this about ten years or so ago using 1 month, 6 month, 18 month, 36 month spans. It's really an interesting way to determine the value of any long term investment. Now, I've got programs that will forward test, back test, sideways test, upside down test... :) I don't trade as much as invest long term. Every once in a while you get interested in something or the other and invest in that. Solar stocks recently have been a winner for me - funds and single intestments. Probably will be handing those off to the kids. I've mentioned this before, but I still have IBM stock from thirty years ago. :) What a lousy hold that has been. 8-) Horrible - the return has been - horrible. I'm so ashamed. :) I've also been very lucky - as in REALLY lucky with my long term investments. We dumped most of our portfolio, with exceptions, on September 10th, 2001 and intended to reset investments on the 12th. Whew... :) I think you might be getting a visit from the feds this morning. We did actually in November, 2001. Very nice young lady just asked a few questions, did a quicky background check and never heard from them again becausse we had went back into the market at the end of September in blind trusts and bought some real estate for renovation and eventual sale. If I had to do it over again, I would have gotten involved in renovating properties, holding them as rentals and sold on a six year cycle when I first retired. It's an amazing money maker. |
#137
posted to rec.boats
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Will losses at Bank of America...
On Jan 23, 8:41*am, Short Wave Sportfishing
wrote: On Wed, 23 Jan 2008 08:29:18 -0500, "Reginald P. Smithers III" "Reggie is Here wrote: Short Wave Sportfishing wrote: On Wed, 23 Jan 2008 00:26:12 -0500, "D.Duck" wrote: "Short Wave Sportfishing" wrote in message ... On Tue, 22 Jan 2008 21:33:35 -0500, "D.Duck" wrote: You cannot just look at one year either from a positive or negative aspect. One of the more interesting things I became involved with was back testing - I started doing this about ten years or so ago using 1 month, 6 month, 18 month, 36 month spans. It's really an interesting way to determine the value of any long term investment. Now, I've got programs that will forward test, back test, sideways test, upside down test... *:) I don't trade as much as invest long term. *Every once in a while you get interested in something or the other and invest in that. *Solar stocks recently have been a winner for me - funds and single intestments. *Probably will be handing those off to the kids. I've mentioned this before, but I still have IBM stock from thirty years ago. *:) What a lousy hold that has been. 8-) Horrible - the return has been - horrible. I'm so ashamed. *:) I've also been very lucky - as in REALLY lucky with my long term investments. *We dumped most of our portfolio, with exceptions, on September 10th, 2001 and intended to reset investments on the 12th. Whew... *:) I think you might be getting a visit from the feds this morning. We did actually in November, 2001. *Very nice young lady just asked a few questions, did a quicky background check and never heard from them again becausse we had went back into the market at the end of September in blind trusts and bought some real estate for renovation and eventual sale. If I had to do it over again, I would have gotten involved in renovating properties, holding them as rentals and sold on a six year cycle when I first retired. It's an amazing money maker.- Hide quoted text - - Show quoted text - Yes, it sure is, at least in these parts. |
#138
posted to rec.boats
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Will losses at Bank of America...
On Jan 22, 8:49*pm, "JimH" wrote:
"Salmon Bait" wrote in message ... On Tue, 22 Jan 2008 20:04:57 -0500, "JimH" wrote: "Eisboch" wrote in message om... "JimH" wrote in message . .. I've got a nice 6.25% APR that matures in 2011. That's something to roll on the floor for! -- John H Wrong again. * In the long run that is a very poor ROI. All depends on your stage in life and what you are trying to accomplish. There's a difference between being young trying to gain wealth and being older, trying to enjoy what you have. Eisboch Hey, I am there. *But even so I would not put money into CD's, especially if I were investing money for my grandchildren. We're all glad to hear you've no money in CD's. Your financial acumen has impressed us all. -- Red Herring CD's? * ROTF! BTW: Is Reggie giving you some tips on changing your handles?- Hide quoted text - - Show quoted text - Yeah, JiimH makes 20% on his investments. He said so! Right after he astoundedly read that someone else said that. Hell, he even called him a moron for suggesting that he made 20%, before he turned around and said HE did. |
#139
posted to rec.boats
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Will losses at Bank of America...
"Short Wave Sportfishing" wrote in message ... If I had to do it over again, I would have gotten involved in renovating properties, holding them as rentals and sold on a six year cycle when I first retired. It's an amazing money maker. One of the best "investments" we've made is holding the mortgage on a house we bought a few years back then sold it to a young, but very responsible couple who were looking for their first house purchase. They didn't have a credit track record sufficient to qualify for a mortgage loan from a bank at the time, but we knew them well and trusted their commitment to make the monthly payments. It's been over five years now and they have never been even a day late with the monthly payments. Works out good for both parties. They get to build equity in a house and we make the interest that a bank would normally get (plus the difference between what we paid for the house and what we sold it to them for). We wrote the agreement such that they can elect to re-mortgage at any time with a bank (outstanding principle paid to us), or we can "sell" the mortgage to a commercial lender at any time. Eisboch |
#140
posted to rec.boats
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Will losses at Bank of America...
hk wrote:
And we have some money invested in private businesses, a real speculation on our part, but the bookkeepers are honest. Are these businesses incorporated? -- Charlie |
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