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I'm An Idiot.....


Murph

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Watching the news lately makes me realize what an idiot I've been.

 

My house, lots, and my hunting land/cabin out of town are all paid for. I'm not gonna get a dime of the zillions floating around. Not a better interest deal. NOTHING.....

 

My T. Rowe Price statement from the last quarter of '08 looks like this.

 

 

 

 

 

 

 

 

 

 

 

Maybe the first quarter of '09 will look better........................

 

Or do ya think the 3000 point drop since we got Obama will look more like....

 

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I don't know what I was thinking, being debt free, and investing. What a stupid idea.......

 

America is different now, somehow.....................

 

Murph.

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We renters don't get anything either but will be left to hang in the wind if our landlords default.

I have 3800 sq feet and a huge additional wing on the mansion...

 

You can stay here...

 

Or the travel trailer... <--- it has a rock and roll history... ;)

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We renters don't get anything either but will be left to hang in the wind if our landlords default.

 

Rich.

 

Rich.

 

Rich.

 

I'm sure President Obama is concerned about you, too. I'm sure he has someone in the administration working on the plight of the renters, even as we speak.

 

It'll be TARP 12, The Renters Act Of 2010.

 

Free public housing to all renters. Free food. Free healthcare. Free everything. Ask B*************** (see the socialism thread)

 

They just pay for it with taxes.

 

Duh.......

 

Murph.

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I don't want any sort of handout; my rent is relatively cheap, especially considering I live a half a block from the ocean and my neighbors are paying twice as much as we do for the same apartment. I just don't like feeling uneasy about the possibility of being kicked out because the landlord might f' up.

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I don't want any sort of handout; my rent is relatively cheap' date=' especially considering I live a half a block from the ocean and my neighbors are paying twice as much as we do for the same apartment. I just don't like feeling uneasy about the possibility of being kicked out because the landlord might f' up.

[/quote']

 

I was joking pal.

 

The fact that you don't want a handout is the point of the thread.

 

I don't either...................

 

I was raised to "Fend For Myself".

 

Be a man. And always have. And will continue.

 

It's the losers lining up for free money, that isn't free, and actually WANTING free (crappy) healthcare, and houses they can't afford that makes me want to puke.

 

Murph.

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Think health care is expensive now?

Wait till it's free.

 

Something else nobody tells you, Obama's plan will FORCE you to pay for health insurance and fine you if you don't.

Sorta like not having insurance on your car, Obummer gonna give you a ticket.

 

 

 

 

Watching the news lately makes me realize what an idiot I've been.

Hah!

I'm a genius!

Read on' date=' see how smart I am...

 

 

 

My house' date=' lots, and my hunting land/cabin out of town are all paid for. I'm not gonna get a dime of the zillions floating around. Not a better interest deal. NOTHING.....[/quote']

Not me, I just bought the new Compound in 2007.

Got a $190k left on the note.

 

 

 

My T. Rowe Price statement from the last quarter of '08 looks like this.

 

 

 

 

 

 

 

 

 

 

 

Maybe the first quarter of '09 will look better........................

 

Or do ya think the 3000 point drop since we got Obama will look more like....

 

|

|

|

|

|

 

 

 

I don't know what I was thinking' date=' being debt free' date=' and investing. What a stupid idea.......[/quote'']

After nearly 30 years of f-ing it up with divorces and such, I finally timed the market right.

Cannot BELIEVE how good this worked out for me!

Everytime I wanted to buy, I couldn't. Everytime I could buy, I was afraid to.

Throw in a very thorough divorce, and I gave away almost as much money as B Hussein Obummer.

 

Married a smart, mature, stable woman with morals and ethics in 2006.

The real estate was so inflated in Phoenix, things had to pop - and I heard the creaks and groans in the market.

Looked at my place in 2006 when it was built, they wanted double what it was worth while the wave was cresting.

No thanks.

 

In 2007 the market peaked at 14,164 and when it slid back to 13,000 I decided to pull money out and buy the house.

I paid half the asking price for the same place one year later, STOLE my place!

Moved into a new job that capped my overtime for two years, so I won't be making $150k for another year or two, but I paid enough down on my place to keep the note reasonable.

I owed less than it was worth, so I had instant equity.

 

Had less than $10k in the stock market as it began the long slide to hell, so I'm okay there.

 

 

 

America is different now' date=' somehow.....................[/quote']

Yeah, Murph.

My equity evaporated, my place lost 10% of its value AFTER the big real estate "correction" that we all knew was coming.

I have less than $5k in the stock market now, but I'm buying like crazy.

Citi is under $1 a share now, hell, I think I'll buy some.

That way if the bailout works, my stock will at least pay me back a little of the quarter million Obummer just pulled out of my ***. The f@cker isn't gonna give ME anything for paying my bills, living within my means and walking out my door every morning with my integrity intact.

 

Change.

Crisis.

Catastrophe.

 

Wonder what the next Obummer buzzword will be.

Impeachment maybe?

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In a higher phase of communist society, after the enslaving subordination of the individual to the division of labor, and therewith also the antithesis between mental and physical labor, has vanished; after labor has become not only a means of life but life's prime want; after the productive forces have also increased with the all-around development of the individual, and all the springs of co-operative wealth flow more abundantly—only then can the narrow horizon of bourgeois right be crossed in its entirety and society inscribe on its banners: From each according to his ability, to each according to his needs! - Karl Marx

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It seems logical to say it's a buyer's market, and I've honestly been contemplating buying a few. I'm scared to, though, because i'm a financial idiot. Maybe you guys can help me out, since it sounds like you know what you're talking about.

 

Most of the stocks I've been watching were between 14 and 30 dollars per share before the crash. Basically just a bunch of low risk possibilities. Now they're down to a dollar or less. It just seems logical to me that if I bought a bunch now, they'd eventually go up again. Another higher risk option was at $180/share last year at its peak. It's now gone down to $18 and has been slowly but steadily climbing. Even if it never hits its peak again, it seems like I have a pretty goot shot at doubling my money. Unless, of course, the company goes under. Then I'm out.

 

Any thoughts or ideas? Why would I not want to do this, other than what I previously stated?

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Actually, it is a great time to buy stocks. If you want to start making your money back from portfolio losses, then now is the time to buy. Once you realize a market rebound is happening, it's too late to capitalize. We may not be at the market bottom, but we are pretty close.

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It's impossible to know where the bottom is. You don't know 'til you bounce. But it could be a great time to buy, if you have a. confidence in the market, 2. cash, and 3. time. This is a good time to be in your twenties-forties, not so good to be near retirement.

 

Obama is right, buy now. He is also trying to jaw up some confidence. All the neo-con fearmongers running around shouting about the market decline are missing the point. The momentum was well in motion when O came in. Everyone with a brain stem knew it would get worse. And the news about Citi and GM is a good example of exploding problems that were long in making. In times when business and individuals are not spending, government has to. In Keynesian theory (and common sense), it is flush times, like the ones that W. inherited, that we should have been saving, not wasting on tax cuts and trumped-up wars. Now the piper wants his due. Thank you to the derugulation obsessed Republican warriors for handing America this mess. Then dumping on Obama with this ridiculous mantra of Rush-speak, "socialism." It's Orwell's Big Lie; you just tell it over and over again while the numbed radio crowd swallows it.

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It's impossible to know where the bottom is. You don't know 'til you bounce. But it could be a great time to buy' date=' if you have a. confidence in the market, 2. cash, and 3. time. This is a good time to be in your twenties-forties, not so good to be near retirement.

 

Obama is right, buy now. He is also trying to jaw up some confidence. All the neo-con fearmongers running around shouting about the market decline are missing the point. The momentum was well in motion when O came in. Everyone with a brain stem knew it would get worse. And the news about Citi and GM is a good example of exploding problems that were long in making. In times when business and individuals are not spending, government has to. In Keynesian theory (and common sense), it is flush times, like the ones that W. inherited, that we should have been saving, not wasting on tax cuts and trumped-up wars. Now the piper wants his due. Thank you to the derugulation obsessed Republican warriors for handing America this mess. Then dumping on Obama with this ridiculous mantra of Rush-speak, "socialism." It's Orwell's Big Lie; you just tell it over and over again while the numbed radio crowd swallows it.[/quote']

 

#-o

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Watching the news lately makes me realize what an idiot I've been.

 

My house' date=' lots, and my hunting land/cabin out of town are all paid for. I'm not gonna get a dime of the zillions floating around. Not a better interest deal. NOTHING.....

 

My T. Rowe Price statement from the last quarter of '08 looks like this.

 

 

 

 

 

 

 

 

 

 

 

Maybe the first quarter of '09 will look better........................

 

Or do ya think the 3000 point drop since we got Obama will look more like....

 

|

|

|

|

|

 

I don't know what I was thinking, being debt free, and investing. What a stupid idea.......

 

America is different now, somehow.....................

 

Murph.

 

 

[/quote']

 

You preachin' to the choir, Murph. I shoulda been less fiscally conservative so that Nanny GOV could give me a check. Seriously though, I pray that the stock market turns around, I'm getting killed.

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