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.

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.

"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

On Wed, 23 Jan 2008 10:09:02 -0500, "Eisboch" wrote:


"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.

The last time we talked about this, I looked into it, convinced Mrs.
Wave because we had a similar situation with one of our tenants.

It's been six months and it's working out just fine. Frankly, I was
surprised, but there's really no risk (other than being a bank that
is), they had a good deposit and we're getting 1 1/2 payments every
month - sometimes twice a month.

They are really serious about paying it down quickly so they can
refinance in a couple of years with some built in equity.

Good for them.

"Short Wave Sportfishing" wrote in message
...
On Wed, 23 Jan 2008 10:09:02 -0500, "Eisboch" wrote:


"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.

The last time we talked about this, I looked into it, convinced Mrs.
Wave because we had a similar situation with one of our tenants.

It's been six months and it's working out just fine. Frankly, I was
surprised, but there's really no risk (other than being a bank that
is), they had a good deposit and we're getting 1 1/2 payments every
month - sometimes twice a month.

They are really serious about paying it down quickly so they can
refinance in a couple of years with some built in equity.

Good for them.


Yup. And it's good for you. Sorry for the repeat, but sometimes I forget
who I told what.

Eisboch