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02-18-2009, 04:09 PM
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#101
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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Quote:
Originally Posted by Bestwifeever
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I've heard it said we can tell when we are at a market bottom when everyone is disgusted with the market, does not listen to financial news and no longer invests in stocks. I think S&P500 at 400 to 600 should do it for me.
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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02-18-2009, 04:51 PM
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#102
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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Quote:
Originally Posted by Nords
Somewhere in between the two of you lies a happier medium.
Would it help to run scenarios through FinancialEngines.com or ESPlanner?
"I'm going to take some off the table... and this time I really mean it!!"
A couple years ago it felt really stupid to be putting a cash stash in those measly 6.25% PenFed CDs when the market was returning double digits.
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I'm an engineer. I've run scenarios all over the place. I have my own Excel program that takes into account inflation, rate of return, pensions, SS, heath insurance, medicare, etc. I don't have the 2nd Coming in but I figure it like nuclear attack are outside my ability to compensate for.
Fortunately, I moved enough into cash in Aug 2007 to cover a decent but modest retirement. I could lose my j*b tomorrow and I'm safely FI. All my extras like extensive traveling and gifting to grandkids is currently going up in smoke.
A few years ago I put all my CDs into less than 2 year maturities because I believed interest rates would be going up big time by now. Talk about feeling stupid.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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02-18-2009, 04:54 PM
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#103
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
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Well, I'm pretty much at the "can't listen to financial news anymore" because I'm tired of the panicking and wailing financial journalists. I might start watching again when they calm down and grow up. That might be a while!
Audrey
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02-18-2009, 04:55 PM
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#104
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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Quote:
We had a contract on our money pit but the buyers backed out. We have another nibble but not a formal offer. We don't need to sell and it looks like the Houston market has hit the toilet. We will probably take it off the market within the next month.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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02-18-2009, 04:57 PM
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#105
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 6,506
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Someone has to say it. I'll do it.
It has been down so long, it seems like up to me.
Can't remember the originator.
__________________
There must be moderation in everything, including moderation.
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02-18-2009, 05:02 PM
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#106
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Quote:
Originally Posted by TromboneAl
How many of you are thinking "As soon as the market recovers, I'm going to decrease my stock allocation percentage"?
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I'm in this camp, Al. But that is more a function of getting closer to FIRE and having more assets than specific fear of loss in the markets. I had originally planned on FIRE with 80-100% equities, now I've backed that down about 20% to 60-80% equities. The scarier the market gets, the closer to 60% I feel myself leaning!
Still at 100% equities.
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02-18-2009, 05:29 PM
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#107
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by audreyh1
On the negativism - this is the most negative I have ever seen things in the last 10 years. Way more negative than the dot com crash. It's so negative, that the market news anchors get mad or argue ferociously if anyone dares say anything remotely positive.
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Remember the late 1970s? I'm waiting until a young crop of gurus advises buying investment-grade diamonds.
Quote:
Originally Posted by 2B
A few years ago I put all my CDs into less than 2 year maturities because I believed interest rates would be going up big time by now. Talk about feeling stupid.
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I guess the good news is that PenFed is offering HELOCs at 2.75%...
Quote:
Originally Posted by ls99
Someone has to say it. I'll do it.
It has been down so long, it seems like up to me.
Can't remember the originator.
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IIRC it's that great 20th-century economist, David Clayton Thomas, in his brilliant white-paper analysis of the leading indicators named "Hi-De-Ho"... or was that Carole King?
http://www.rdrop.com/users/rickert/b...cs.html#hidiho
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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02-18-2009, 05:38 PM
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#108
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Recycles dryer sheets
Join Date: Aug 2006
Posts: 53
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Quote:
Originally Posted by TromboneAl
How many of you are thinking "As soon as the market recovers, I'm going to decrease my stock allocation percentage"?
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I'm in a target 2025 fund for the most part, so they'll do that for me as time marches on
I have those thoughts about my GF's VA. Fortunately we moved it to Fidelity in early 08, changing it from 100% stock to 75% at the time. I was unsuccessful at convincing her to go further than that. She shouldn't need it for at least 6 years, so here's to hoping the market has gone back up in that time. If/when the market starts to recover (loosely defined as dow 10k or so), we'll shift it more toward fixed income.
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02-18-2009, 07:21 PM
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#109
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
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Quote:
Originally Posted by Nords
Remember the late 1970s? I'm waiting until a young crop of gurus advises buying investment-grade diamonds.
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I was still in high school in the 1970s! I didn't even know what stock market was!
Audrey
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02-18-2009, 09:02 PM
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#110
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Recycles dryer sheets
Join Date: Jun 2004
Posts: 168
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Quote:
It has been down so long, it seems like up to me.
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I believe it was Jim Morrison of the Door's
__________________
Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies, The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for own good will torment us without end, for they do so with the approval of their own conscience.
C.S. Lewis
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02-19-2009, 10:02 AM
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#111
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 6,506
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Quote:
Originally Posted by crispus
I believe it was Jim Morrison of the Door's
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Could be right. I think the original version was, I've been down so long, it seems like up to me.
Regarding the market, I'm stayin' the course. Eventually it will go up. or not.
__________________
There must be moderation in everything, including moderation.
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02-19-2009, 10:26 AM
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#112
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by crispus
I believe it was Jim Morrison of the Door's
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Like most white blues/rock, Morrison was derivative. That lyric is from Furry Lewis, a Memphis bluesman from the late 20s. The song, "I Will Turn Your Money Green".
I Will Turn Your Money Green
From Weeniepedia
Jump to: navigation, search
I Will Turn Your Money Green – Furry Lewis
In Spanish tuning
When I was in Missouri, would not let me be
I was in Missouri, would not let me be
Wouldn’t rest content until I came to Tennessee
If you follow me baby, I’ll turn your money green
Follow me babe, I’ll turn your money green
I’ll show you more money Rockefeller ever seen
If the river was whiskey, babe and I was a duck
River was whiskey, babe and I was a duck
I’d dive to the bottom Lord and I'd never come up
Woman I hate, I see her every day
Woman I hate, I see her every day
But the woman I love, she’s so far away
Talk about sweethearted, I declare I’m an honest man
Talk about sweethearted, I declare I’m an honest man
Give my woman money so many dollars broke her apron string
All she give me was trouble, I'm troubled all the time
All she give me was trouble, I'm troubled all the time
I been troubled so long, trouble don’t worry my mind
I been down so long, seem like up to me
I been down so long, seem like up to me
Woman I love, she done quit poor me
What's the need in me hollerin', what's the need in me cryin'
What's the need in me hollerin', what's the need in me cryin'
Woman I love, she don't pay me no mind
http://www.weeniecampbell.com/wiki/index.php?title=I_Will_Turn_Your_Money_Green
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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02-19-2009, 11:27 AM
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#113
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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You da man Ha. I never heard of Furry Lewis before.
__________________
I purr therefore I am.
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02-19-2009, 11:38 AM
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#114
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by Purron
You da man Ha. I never heard of Furry Lewis before.
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Really? He's big in France and he does that telethon thing.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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02-19-2009, 11:40 AM
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#115
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by ziggy29
Really? He's big in France and he does that telethon thing.
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He must be getting pretty old then. 100 or so?
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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02-19-2009, 12:28 PM
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#116
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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__________________
I purr therefore I am.
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02-19-2009, 09:50 PM
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#117
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by audreyh1
I was still in high school in the 1970s! I didn't even know what stock market was!
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Class of '78 here, but the very next year I was listening to a wise college senior pontificating about his diamonds & Krugerands. His older brother became an astronaut but he was on a less auspicious track. It'd be interesting to learn how his plans for world domination turned out.
I remember reading Business Week's original "Death of Equities" issue. It barely made an impression on me, let alone inspired me to save it. Of course I also felt the same way about BW's issue praising the wisdom & innovation of Enron...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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02-19-2009, 11:05 PM
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#118
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
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Oh jeez - I was class of 77! But I totally missed out on all the financial hullaballoo.
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02-19-2009, 11:24 PM
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#119
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,375
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Quote:
Originally Posted by ls99
Someone has to say it. I'll do it.
It has been down so long, it seems like up to me.
Can't remember the originator.
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Been Down So Long It Looks Like Up to Me
That would also be the title of a novel by Richard Fariña
He was also a folk singer and covered Furry Lewis' song.
soon after publication became the dead husband of Mimi (man, i'm starting to feel old) the late sister of Joan Baez.
Jim could very well have sang something similar he was on the floor a lot from 1969 onwards ...
Mimi founded Bread and Roses and I had the pleasure of attending a few of the 70's & 80's concerts in support of it.
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02-20-2009, 03:38 AM
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#120
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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Quote:
Originally Posted by audreyh1
Oh jeez - I was class of 77! But I totally missed out on all the financial hullaballoo.
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I'm Class of 69. Before you experienced puberty, I was buying stocks in a custodial account. I bought <$10 stocks because I never had more than $1,000 at the same time. I had a few thousand in stocks but got crushed just about when I was graduating. I started college with $600 and a '60 Chevy station wagon that wasn't worth the $200 I paid for it.
I became a "real person" in college and kept on investing with the money I made from various opportunities. I graduated with about $6,000 in stocks in 1973 but lost about half of it in the '73/'74. I stayed invested and churned my stocks until I finally gave up and went to mutual funds.
I've always been an equities junky. I've always been too bullish.
I used to dream about having as much money as is gone from my portfolio. My equities have been cut by more than half and I was almost entirely in conservative index funds. That's why I'm thinking I'm a dumbsh*t for staying in the market. Today looks to be another bloodbath.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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