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Will losses at Bank of America...
"BAR" wrote in message
. .. hk wrote: JoeSpareBedroom wrote: "hk" wrote in message . .. JoeSpareBedroom wrote: "hk" wrote in message . .. wrote: On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote: IBM is still in business? They actually opened a couple bucks higher today. It is still about 16-17 bucks off the 52 week high. I am still not sure what they do these days Except for two stocks, we got out of the stock market years ago and don't really pay any attention to it, except to chuckle over its vagaries and the belief anyone pays to its "integrity." What a silly generalization. Perhaps you believe in the "generally accepted accounting practices" of listed companies. We don't. OK. What investments do you use which have consistently stayed ahead of inflation? These days, commercial real estate for income and appreciation, and some raw land options which we picked up and exercised in the early 1990s. Every couple of years we sell off a lot and at some point, we'll probably sell the remaining lots to a respectable architect/developer. We've done very well with the land speculation. :-) We also bought gold in the low $400s. Not certificates, coins. And we have some money invested in private businesses, a real speculation on our part, but the bookkeepers are honest. Your land speculation is just that speculation. I could take stock in a publicly traded company and turn it into cash money tomorrow. You land sale has to wait for a buyer and the subsequent deal to actually go through. Why would you buy gold coins? Are you digging a bomb shelter in your backyard too? Liquid assets, let me repeat that liquid assets. For what type of money? Good luck answering this question. Hint: Trump |
Will losses at Bank of America...
JimH wrote:
"Eisboch" wrote in message ... "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 JimH, That makes more sense than most of your posts. |
Will losses at Bank of America...
Eisboch wrote:
"BAR" wrote in message . .. wrote: Where the hell were you getting a 20% return? You gotta have you finance guy putting you in the right funds. I'll tell you, I have to give you guys credit for having the balls to let a "finance" guy manage your money and/or investments for retirement. Maybe I could have made more, maybe not, but I like using common sense and doing it myself rather than rely on some person who makes a living using your money. Nope. No way. Eisboch (with due apologies to all those CPA's/CFP's out there) He makes his money selling you investments with a high profit margin for himself. |
Will losses at Bank of America...
"JimH" wrote in message
... "Short Wave Sportfishing" wrote in message ... On Tue, 22 Jan 2008 16:09:00 -0800, "Calif Bill" wrote: "Salmon Bait" wrote in message ... On Tue, 22 Jan 2008 15:45:37 -0800, "Calif Bill" wrote: "JimH" wrote in message ... "Short Wave Sportfishing" wrote in message ... On Tue, 22 Jan 2008 14:28:45 -0800, "Calif Bill" wrote: Bzzt. FDIC insurance is $250k on IRA's. Yeah - I just found that out. Learn something new everyday. The only CDs I have are joint accounts with the kids - sort of an insurance policy if you will. CD's? ROTF. 5.1% is a nice parking place for some money. I've got a nice 6.25% APR that matures in 2011. That's something to roll on the floor for! You can 5.1's with a less than year maturity. 4.9 for three months on an auto rollover. It's a good place to park some "insurance/emergency" money - something that you don't take a huge hit on if you have to access it, but earns something while you wait. It's a perfect vehicle for that type of assurance that your money is "liquid". Whatever floats your boat. My *emergency* funds are certainly no in CD's and are quite liquid. Where are those funds? |
Will losses at Bank of America...
"Eisboch" wrote in message ... "BAR" wrote in message . .. wrote: Where the hell were you getting a 20% return? You gotta have you finance guy putting you in the right funds. I'll tell you, I have to give you guys credit for having the balls to let a "finance" guy manage your money and/or investments for retirement. Maybe I could have made more, maybe not, but I like using common sense and doing it myself rather than rely on some person who makes a living using your money. Nope. No way. Eisboch (with due apologies to all those CPA's/CFP's out there) That's been my style and I'm very satisfied with the results. |
Will losses at Bank of America...
BAR wrote:
hk wrote: JoeSpareBedroom wrote: "hk" wrote in message . .. JoeSpareBedroom wrote: "hk" wrote in message . .. wrote: On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote: IBM is still in business? They actually opened a couple bucks higher today. It is still about 16-17 bucks off the 52 week high. I am still not sure what they do these days Except for two stocks, we got out of the stock market years ago and don't really pay any attention to it, except to chuckle over its vagaries and the belief anyone pays to its "integrity." What a silly generalization. Perhaps you believe in the "generally accepted accounting practices" of listed companies. We don't. OK. What investments do you use which have consistently stayed ahead of inflation? These days, commercial real estate for income and appreciation, and some raw land options which we picked up and exercised in the early 1990s. Every couple of years we sell off a lot and at some point, we'll probably sell the remaining lots to a respectable architect/developer. We've done very well with the land speculation. :-) We also bought gold in the low $400s. Not certificates, coins. And we have some money invested in private businesses, a real speculation on our part, but the bookkeepers are honest. Your land speculation is just that speculation. I could take stock in a publicly traded company and turn it into cash money tomorrow. You land sale has to wait for a buyer and the subsequent deal to actually go through. Why would you buy gold coins? Are you digging a bomb shelter in your backyard too? Liquid assets, let me repeat that liquid assets. Land speculation is indeed land speculation. My land partner and I speculated way back then that owning about 100 acres of heavily wooded, rolling land in a certain part of Fairfax County would pay off, big time. It has, and it continues to do so. My guess is that *one* of those lots is worth more than your net worth. Good times or bad times, not a month goes by in which we don't get a call asking us if we want to sell another lot. Usually the answer is no. When we do sell a lot, I put most of my proceeds, after taxes, into our private REIT and some of it in our money market account and some of it in a sock. Or if we need a new car, I simply pay cash for it. As for the gold coins, well, while I didn't buy them for their investment value, it's nice that they've just about doubled in value over these few years. Oh. I don't "finance" the purchase of cars or boats. But I've already posted that. I'm thinking of starting up a charity that finds ways to keep subperforming students in high school so they get their diplomas and don't quit to join the military. Such a program might have helped someone like you, eh? |
Will losses at Bank of America...
JimH wrote:
"Reginald P. Smithers III" "Reggie is Here wrote in message . .. JimH, That makes more sense than most of your posts. I am definitely in your head. Another example of your reading comprehension problem. Actually, Reggie sticks his nose as far up the butts of posters as it will reach. |
Will losses at Bank of America...
"Reginald P. Smithers III" "Reggie is Here wrote in message . .. Eisboch wrote: "BAR" wrote in message . .. wrote: Where the hell were you getting a 20% return? You gotta have you finance guy putting you in the right funds. I'll tell you, I have to give you guys credit for having the balls to let a "finance" guy manage your money and/or investments for retirement. Maybe I could have made more, maybe not, but I like using common sense and doing it myself rather than rely on some person who makes a living using your money. Nope. No way. Eisboch (with due apologies to all those CPA's/CFP's out there) He makes his money selling you investments with a high profit margin for himself. Depends. You do not want a financial planner who makes money on the trades. You want one who takes a percentage of total portfolio. He has a large incentive to grow that portfolio. As to using a CFP, I am thinking about it, as it seems as I age, I have less desire to do the tracking required for investing. we are traveling a lot these days. |
Will losses at Bank of America...
"JimH" wrote in message ... "Eisboch" wrote in message ... "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. 529 fund? |
Will losses at Bank of America...
"BAR" wrote in message . .. hk wrote: JoeSpareBedroom wrote: "hk" wrote in message . .. JoeSpareBedroom wrote: "hk" wrote in message . .. wrote: On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote: IBM is still in business? They actually opened a couple bucks higher today. It is still about 16-17 bucks off the 52 week high. I am still not sure what they do these days Except for two stocks, we got out of the stock market years ago and don't really pay any attention to it, except to chuckle over its vagaries and the belief anyone pays to its "integrity." What a silly generalization. Perhaps you believe in the "generally accepted accounting practices" of listed companies. We don't. OK. What investments do you use which have consistently stayed ahead of inflation? These days, commercial real estate for income and appreciation, and some raw land options which we picked up and exercised in the early 1990s. Every couple of years we sell off a lot and at some point, we'll probably sell the remaining lots to a respectable architect/developer. We've done very well with the land speculation. :-) We also bought gold in the low $400s. Not certificates, coins. And we have some money invested in private businesses, a real speculation on our part, but the bookkeepers are honest. Your land speculation is just that speculation. I could take stock in a publicly traded company and turn it into cash money tomorrow. You land sale has to wait for a buyer and the subsequent deal to actually go through. Why would you buy gold coins? Are you digging a bomb shelter in your backyard too? Liquid assets, let me repeat that liquid assets. Physical gold sucks as an asset for protection. Go with an ETF like GLD. Sells for 1/10 of an ounce of gold a share. Very liquid, and gives you the gold tracking. |
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