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#1
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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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#2
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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