As God is my witness, I will never be in

O

OldAgePensioner

Thinks s/he gets paid by the post
Joined
Jun 1, 2005
Messages
1,352
the market again.

The last 2 weeks have proven that you could be wiped out quickly by some ignorant comments by a Fed Chief. -100 days for two weeks just because some idiot decides to mumble. That's what I hated about Greenspan. He had little to say but every word was an "Omen" of doom.

I'm taking the big hit on my $1.2 mil after tax portfolio and going cash. I will use 1/2 the money to buy an abode, buy furnishing, and a Hummer H2. Buying in Arizona. The rest will be put into an annuity that covers most living expenses. Then I'll buy survivor supplies for years.

Tired of watching oil prices, commodity prices, the DJIA, NAS etc.

The 401k will stay in the market and most likely go to zero but if I leve to see 62, SSN will at least pay $1,500 a month.

The market sucks.
 
OAP, this is God. Stay in the market, but stay away from Arizona. I'm planning to have a little fun with the Grand Canyon soon.
 
God, I thought for sure you were going to tell him not to buy an H2! :eek:

What next, are you going to tell him what laptop to buy? ::)
 
OAP, stay out of the market so you drive prices down for me to buy. Move to Arizona (it is more of a dry heat).... >:D
 
The H2 will be tricked out as a RV. My abode bill be small and minimalist.

I want away from having every facet of my life controlled by the ramblings of some Washington Fed Bank idiot.
 
Right on OAP. Other then the Hummer I agree with you. Investment in life skills will trump the stock market every time. Life skills are learning to grow your own food, repair things on your own, generating energy without reliance on the grid, stocking up on supplies, bartering.
 
Hydroman said:
Life skills are learning to grow your own food, repair things on your own, generating energy without reliance on the grid, stocking up on supplies, bartering.
Click to expand...

Not disagreeing with a thing you said, but I'm curious what OAP is going to grow in Arizona. I have a vision of a dusty H2 rumbling around the dessert full of jars of pickled prickly pears and prickly pear jelly.

Let me know OAP, I got some good recipes for Nopalitos.

And I'm sure God or the Devil would have told you to not buy the H2 - if you're going Omega Man on us you better get the real deal - H1 baby! But, if you go that route you need to get the whole Sarah Connor going to Mexico rig and mount a Ma Deuce:

TimontheMaDeuce.jpg
 
I like this thread.

One thing I wonder about OAP going back to the land- is the Arizona Desert going to be full of little Japanese girls in their school uniforms, gay bikers wearing chaps and no trousers, and dim sum shops under every saguaro?

It seems like quite an abrupt change in direction. Not that there is anything wrong with that, no siree!

Ha
 
if you have been in the markets for quite a while now we all forget when the markets dropping that if we werent in the markets we would be no where the amounts we are at even after a major plunge.......
i have 2 friends who just retired from the nyc board of ed after 30+ years..the teachers could elect how they wanted their money invested ..well aaron never wanted to put any money at risk or took an interest in where his money was invested..he always used to tell my friend joe you know we all earn about the same,we will all work as long ,we will retire with about the same thing.well aaron retired with 195,000 from his cd's and money markets,,,joe who always stayed invested retired with 1.2 million......needless to say aaron will still be working some bimmy job struggling now
 
My what short memories we have!

Last year, I believe OAP was ticked that his assets went down by 2% about this time. I believe he even reduced his stock market exposure then. Since then, the one-year return of an internationally diversified stock equity portfolio was about 10% and money market funds returned under 4%. So take your pick or mix and match to get somewhere in-between 4% and 10%.

Risk is a personal thing, so I can see why God wants to stay 100% invested ... she has many years to go and knows the future anyways.
 
So far, this hasn't been anything but a little market fluxuation. Now 1987 was a drop. So was 2000. No "credible" diversified portfolio has fallen 8 or 9% since a sharp peak in early May. I'm "aggressive" and am only down 6%.\

OAP -- if this bothers you, you need to stop listening to the financial news and checking your stock prices.
 
im down about 6% from my all time high.......im still up overall for the year by about 3%...still beating a money market for the overall 1 year
 
OAP, for an interesting choice in minimalist housing, see http://biz.yahoo.com/weekend/mini_1.html.

AZ is beautiful ... consider the mountains in SE AZ, or in N AZ (Mogollon Rim country, Flagstaff, etc.) ... more water there, pine forests, cooler and capable of growing what you want.  Search "Rim Country AZ" on the 'net.

Glad God is finally here.  Now we can really get some rebalancing advice.  ;)
 
If I remember right, OAP once said he had a 2 million porfolio which means he must have 800k in his 401k account. That being the case he would have 40% in the market. Thats a pretty good balance for most in their mid 50's.

OAP, am I correct on the above? :-\
 
Charles said:
OAP, for an interesting choice in minimalist housing, see http://biz.yahoo.com/weekend/mini_1.html.

AZ is beautiful ... consider the mountains in SE AZ, or in N AZ (Mogollon Rim country, Flagstaff, etc.) ... more water there, pine forests, cooler and capable of growing what you want. Search "Rim Country AZ" on the 'net.

Glad God is finally here. Now we can really get some rebalancing advice. ;)
Click to expand...

800 sq feet for $160,000? I won't be buying one. Thats more than my 1800 sq ft house is worth. :eek:
 
People like OAP are why insurance companies are so profitable. Fear. So OAP, whaddya gonna do when you get a flat tire on your new Hummer? Sell it?! lol.....
 
LOL! said:
Risk is a personal thing, so I can see why God wants to stay 100% invested ... she has many years to go and knows the future anyways.
Click to expand...

I'm pretty sure that even god doesnt know what the future holds for the financial markets ;)

But she's probably feeling pretty secure knowing where all the gold is that we havent found yet :LOL:
 
OAP

Tell God you love her. Buy the Hummer. See Arizona.

And lest I forget -

Pssst! Wellesley!!!

heh heh heh heh heh heh - not to worry, party on dude. Bon Temps Rolliere.
 
OldAgePensioner said:
the market again.

The last 2 weeks have proven that you could be wiped out quickly by some ignorant comments by a Fed Chief.  -100 days for two weeks just because some idiot decides to mumble.  That's what I hated about Greenspan.  He had little to say but every word was an "Omen" of doom.

I'm taking the big hit on my $1.2 mil after tax portfolio and going cash.  I will use 1/2 the money to buy an abode, buy furnishing, and a Hummer H2.  Buying in Arizona.  The rest will be put into an annuity that covers most living expenses.  Then I'll buy survivor supplies for years.

Tired of watching oil prices, commodity prices, the DJIA, NAS etc.

The 401k will stay in the market and most likely go to zero but if I leve to see 62, SSN will at least pay $1,500 a month.

The market sucks.
Click to expand...

I agree! My IRA & 401K are down by 50K in last 30 days! OUCHIE!!!

Ready to sell the house and fully furnished as well, 1/2 of 1.2M prices it right for ya! Already got lottsa beans and rice in the pantry! Come on over. :D
 
Unfortunately, OAP's investment needs are (probably) very different from most of ours. Viewed in that light, his decision makes a lot more sense.
 
OAP, why not create your own equity-indexed annuity? Put your money in safe, short duration fixed income (treasuries, high grade corporates, GNMAs, etc.) and use some or all of the coupons to buy at the money or slightly out of the money call options on your choice of ETF. If the markets go up, you capture most of the gains. If the markets go down, you are only out the option premia. Not real tax efficient, a touch expensive, and a little fussy, but it might fit your needs.
 
Lets see If I am following the logic
Market has gone done so your selling.
Home prices have gone up so your buying.
Not sure why the hummer fits in but if your buying new then you get 20% depreciation out the door.
Ok so maybe I am not following the logic ?
 
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