On Tue, 22 Jan 2008 16:09:00 -0800, "Calif Bill"
wrote:


"Salmon Bait" wrote in message
.. .
On Tue, 22 Jan 2008 15:45:37 -0800, "Calif Bill"

wrote:


"JimH" wrote in message
.. .

"Short Wave Sportfishing" wrote in message
...
On Tue, 22 Jan 2008 14:28:45 -0800, "Calif Bill"
wrote:

Bzzt. FDIC insurance is $250k on IRA's.

Yeah - I just found that out.

Learn something new everyday.

The only CDs I have are joint accounts with the kids - sort of an
insurance policy if you will.

CD's? ROTF.

5.1% is a nice parking place for some money.

I've got a nice 6.25% APR that matures in 2011.

That's something to roll on the floor for!

You can 5.1's with a less than year maturity.

4.9 for three months on an auto rollover.

It's a good place to park some "insurance/emergency" money - something
that you don't take a huge hit on if you have to access it, but earns
something while you wait. It's a perfect vehicle for that type of
assurance that your money is "liquid".

"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



I suspect JimBob is the kind of boy who says "I need this money for a new
furnace in three months, so I'll park it in junk bonds".

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.

hk wrote:
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?


He's highly leveraged, and hopes to be a dentist in his next life, when
he will stay in high school.

I can certainly understand taking advantage of the rates right now to
refinance a house mortgage, but going into debt for consumer spending? Nah.

I am retiring in 10 years Harry, 10 years earlier than you will start
collecting your full social security bene's. And, the current market
conditions will not affect my retirement plans. As other have said if
the Dow goes down a couple of thousand points it is a buying opportunity.

wrote:
On Jan 22, 8:55 am, "JimH" wrote:
wrote in message

...
On Jan 22, 8:29 am, "JimH" wrote:





"hk" wrote in message
. ..
Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:
...and Wachovia drive the DOW down a few hundred points today?
Is it the economy, stupid?
Nah - losses have been priced in by now.
It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.
That's a good thing.
On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.
It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.
Could be.
We met with our financial advisor yesterday afternoon to arrange payoff of
a
college loan. He had forecast this drop back in fall and positioned his
clients holdings in less aggressive funds.
Even the bond market is stagnant with the largest holding $12 billion in
cash waiting on the sideline to see how this all works out. If the bond
markets start to drop then you know we are in bad times.- Hide quoted
text -
- Show quoted text -
If you'd have started college savings programs for your kids, then you
wouldn't have loans to pay off.
===================
What do you think we are paying it off with dummy?

The loan was 6.5% and my money was making 10%~20% over the past few years.
Do the math if you are able to, which I doubt.- Hide quoted text -

- Show quoted text -

Where the hell were you getting a 20% return?

You gotta have you finance guy putting you in the right funds.

hk wrote:
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.

You are a fool.

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?

BAR wrote:
hk wrote:
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?


He's highly leveraged, and hopes to be a dentist in his next life,
when he will stay in high school.

I can certainly understand taking advantage of the rates right now to
refinance a house mortgage, but going into debt for consumer spending?
Nah.

I am retiring in 10 years Harry, 10 years earlier than you will start
collecting your full social security bene's. And, the current market
conditions will not affect my retirement plans. As other have said if
the Dow goes down a couple of thousand points it is a buying opportunity.



Maybe when you retire in 10 years, you can enroll in high school and get
your GED.

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.

"BAR" wrote in message
. ..
wrote:


Where the hell were you getting a 20% return?

You gotta have you finance guy putting you in the right funds.


I'll tell you, I have to give you guys credit for having the balls to let a
"finance" guy manage your money and/or investments for retirement.

Maybe I could have made more, maybe not, but I like using common sense and
doing it myself rather than rely on some person who makes a living using
your money. Nope. No way.

Eisboch (with due apologies to all those CPA's/CFP's out there)