Calif Bill wrote:
"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.

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.




Under a worse case scenario, the only thing you are going to be able to
do with an ETF is wipe your butt.

Do I think this country is going to come apart at the seams and devolve
into a violent revolution? You betcha. Maybe not in my lifetime, but the
devolution is a lot closer than I ever thought it will be. Real gold
will smooth the way of some of the survivors.

"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.

On Tue, 22 Jan 2008 20:04:57 -0500, "JimH" wrote:


"Eisboch" wrote in message
m...

"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

"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

Yes... my financial advisor asked me if I wanted to turn my RRSP over to a
guaranteed interest account..rather than hoping to do a bit better with a
low risk mutual fund. After seeing how I did the last year... I'm almost
sorry I didn't go for the safe 5%.

"hk" wrote in message
. ..
BAR wrote:
wrote:
On Jan 22, 9:11 am, "Don White" wrote:
"BAR" wrote in message

. ..

hk wrote:
...and Wachovia drive the DOW down a few hundred points today?
Is it the economy, stupid?
Thanks for reminding me that I have the opportunity to refinance my
mortgage and reduce my monthly payments.
Also, we are in the process of deciding what new car we are going to
buy.
We may be able to get a loan from with zero interest from the
dealer/manufacturer.
Gee.. with all the money you continually brag about earning...why not
negotiate a better discount and pay cash for the vehicle?

The way taxes are set up down here, that is not always the best way to
go. Your money guy tells you when, what, and how to buy/lease..

Add Financial Genius to the list of Harry's areas of expertise.

No wonder he lives in a single wide, along the highway with a broken down
20 year old pickup truck out front.



Are you drinking...again?

When did he stop??

"hk" wrote in message
. ..
Calif Bill wrote:
"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.

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.


Under a worse case scenario, the only thing you are going to be able to do
with an ETF is wipe your butt.

Do I think this country is going to come apart at the seams and devolve
into a violent revolution? You betcha. Maybe not in my lifetime, but the
devolution is a lot closer than I ever thought it will be. Real gold will
smooth the way of some of the survivors.

And the gold will ease your way? Actually GLD has physical gold stocks. In
case of a violent revolution, better to have guns and / or be around a guy
like Shortwave. Or both.

"Calif Bill" wrote in message
...

"hk" wrote in message
. ..
Calif Bill wrote:
"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.

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.


Under a worse case scenario, the only thing you are going to be able to
do with an ETF is wipe your butt.

Do I think this country is going to come apart at the seams and devolve
into a violent revolution? You betcha. Maybe not in my lifetime, but the
devolution is a lot closer than I ever thought it will be. Real gold will
smooth the way of some of the survivors.

And the gold will ease your way? Actually GLD has physical gold stocks.
In case of a violent revolution, better to have guns and / or be around a
guy like Shortwave. Or both.

Maybe after the revolution trade will be in beads.

Calif Bill wrote:
"hk" wrote in message
. ..
Calif Bill wrote:
"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.
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.

Under a worse case scenario, the only thing you are going to be able to do
with an ETF is wipe your butt.

Do I think this country is going to come apart at the seams and devolve
into a violent revolution? You betcha. Maybe not in my lifetime, but the
devolution is a lot closer than I ever thought it will be. Real gold will
smooth the way of some of the survivors.

And the gold will ease your way? Actually GLD has physical gold stocks. In
case of a violent revolution, better to have guns and / or be around a guy
like Shortwave. Or both.


Damn right. You can trade gold for goods and services. Try that in a
post-revolutionary future with a piece of paper.

"JimH" wrote in message
...

"D.Duck" wrote in message
...

"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?


Ask my financial advisor. :-)

If you're really saving for your grandchildren's college, a 529 fund is the
way to go. There are terrific tax advantages. Ask your CFP.

"Don White" 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

Yes... my financial advisor asked me if I wanted to turn my RRSP over to a
guaranteed interest account..rather than hoping to do a bit better with a
low risk mutual fund. After seeing how I did the last year... I'm almost
sorry I didn't go for the safe 5%.


You cannot just look at one year either from a positive or negative aspect.