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#1
posted to rec.boats
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Will losses at Bank of America...
"hk" wrote in message
news  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. |
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#2
posted to rec.boats
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Will losses at Bank of America...
JoeSpareBedroom wrote:
"hk" wrote in message news 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. |
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#3
posted to rec.boats
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Will losses at Bank of America...
"hk" wrote in message
. .. JoeSpareBedroom wrote: "hk" wrote in message news 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? |
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#4
posted to rec.boats
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Will losses at Bank of America...
JoeSpareBedroom wrote:
"hk" wrote in message . .. JoeSpareBedroom wrote: "hk" wrote in message news
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. |
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#5
posted to rec.boats
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Will losses at Bank of America...
"hk" wrote in message
... JoeSpareBedroom wrote: "hk" wrote in message . .. JoeSpareBedroom wrote: "hk" wrote in message news
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. Great. Other than the gold, the other investments aren't necessarily an option for a lot of investors, either because they don't have the money, or don't want to be in those businesses. Look at the stock holdings in most decent mutual funds, and you won't recognize half the companies. These investments work just fine. |
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#6
posted to rec.boats
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Will losses at Bank of America...
JoeSpareBedroom wrote:
"hk" wrote in message ... JoeSpareBedroom wrote: "hk" wrote in message . .. JoeSpareBedroom wrote: "hk" wrote in message news
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. Great. Other than the gold, the other investments aren't necessarily an option for a lot of investors, either because they don't have the money, or don't want to be in those businesses. Look at the stock holdings in most decent mutual funds, and you won't recognize half the companies. These investments work just fine. I'm sure they do. But I don't actually believe in the underlying honesty of either large corporations or stock markets. |
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#7
posted to rec.boats
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Will losses at Bank of America...
hk wrote:
JoeSpareBedroom wrote: "hk" wrote in message . .. JoeSpareBedroom wrote: "hk" wrote in message news
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. |
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#8
posted to rec.boats
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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 news
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 |
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#9
posted to rec.boats
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Will losses at Bank of America...
"JoeSpareBedroom" wrote in message ... "BAR" wrote in message . .. hk wrote: JoeSpareBedroom wrote: "hk" wrote in message . .. JoeSpareBedroom wrote: "hk" wrote in message news
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 Trump was lucky. Sort of like the present mortgage meltdown. The Government is going to bail the people who borrowed too much money. Trump was able to borrow way over his head. The banks had to work with him to save his ass. They could not call the loans. If they called the loans, they had to write off enough money they would not meet capitalization requirements by the Fed. And luckily for both the banks and Trump, the economy came back and saved both their asses. Left Trump very rich, but was more luck than smarts that he ended up rich. |
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#10
posted to rec.boats
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Will losses at Bank of America...
BAR wrote:
hk wrote: JoeSpareBedroom wrote: "hk" wrote in message . .. JoeSpareBedroom wrote: "hk" wrote in message news
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? |
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