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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 10:12 AM   #21
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Re: Feeling dumb and poor as the market goes up?!

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Really? Which one do you have then?
He's not old enough for wisdon (Latin word for "wrinkles"), and I am still waiting for signs of intelligence...
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 10:17 AM   #22
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Re: Feeling dumb and poor as the market goes up?!

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So lack of regret = wise financial decisions? No? Then i fail to see your point.

We can talk about contentment and happiness which, i agree, should have next to nothing to do with how much money you have, or we can talk about wise financial decisions. Lets not make the mistake of thinking these topics are related.
Well, my NW has appreciated well above any index fund I've seen - due to the real estate appreciation - for the last 15 years ... I'ld say that = wise financial decisions.


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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 12:49 PM   #23
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by Azanon
dex, you should always own some stock. I could never advise going below 30% stock, even in the worst of markets. If you were really bearish, just make sure that "30%" is in value stock. A lot of value stuff did great even in 2000-2002, esp small cap value.
Hey Az, maybe we don't know the whole story if what dex needs.........seems to me you're pretty sure of what to do, even though you only know 25% of the story........


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JG's advise is proof that wisdom and intelligence are mutually exclusive.
I find JG's logic perfectly acceptable..........as long as he applies it to his circumstance, which he implies always...........
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 01:19 PM   #24
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by tryan
Well, my NW has appreciated well above any index fund I've seen - due to the real estate appreciation - for the last 15 years ... I'ld say that = wise financial decisions.
I have a little difficulty with that claim. Fortuitous is how I would describe it. No one here can forecast the future.

What is your current annual ROI based on current market valuations?
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 01:23 PM   #25
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by tryan
Well, my NW has appreciated well above any index fund I've seen - due to the real estate appreciation - for the last 15 years ... I'ld say that = wise financial decisions.
Could be.........how does the future look now?? Keep in mind that real estate has liquidity flows that change from year to year, unlike open end funds or Treasuries............

As long as you are net cash flowing.............
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 02:11 PM   #26
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by dmpi
Listen to the other posters, Your emotions will drive you nuts!
And if they don't convince you, go read:

http://news.morningstar.com/article/...&pgid=wwhome1a

(but do it soon, it's a Morningstar article and probably expires soon).

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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 02:15 PM   #27
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Re: Feeling dumb and poor as the market goes up?!

I one had a propsect tell me he needed an advisor to help him manage his options, because he was feeling "drunk with power"...........I declined, and last I heard he lost $800,000 in the tech wreck.........
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 02:30 PM   #28
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Re: Feeling dumb and poor as the market goes up?!

kcowan, FD,

I didn't make any claim about the future .... my crystal ball is pretty foggy . The spread sheet I keep goes back 11 years ... started with a NW of 161k in Jan97; have 2.04m today. Average annual return of ~20%.

At the risk of repeating myself ... peaked out at 23 units sold off everything but the 6 I still carry.

The last decade has been very kind to RE; who knows what we face going forward. But I'ld say the same thing about stocks (are we in a cyclical bull in a secular bear?).
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 02:42 PM   #29
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by tryan
kcowan, FD,

I didn't make any claim about the future .... my crystal ball is pretty foggy . The spread sheet I keep goes back 11 years ... started with a NW of 161k in Jan97; have 2.04m today. Average annual return of ~20%.

At the risk of repeating myself ... peaked out at 23 units sold off everything but the 6 I still carry.

The last decade has been very kind to RE; who knows what we face going forward. But I'ld say the same thing about stocks (are we in a cyclical bull in a secular bear?).
i think you should write a book about it, and put Rich Dad out of business........

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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 02:43 PM   #30
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by tryan
kcowan, FD,

I didn't make any claim about the future .... my crystal ball is pretty foggy . The spread sheet I keep goes back 11 years ... started with a NW of 161k in Jan97; have 2.04m today. Average annual return of ~20%.

Now that... is pretty damn impressive.
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 02:44 PM   #31
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by tryan
The last decade has been very kind to RE; who knows what we face going forward. But I'd say the same thing about stocks (are we in a cyclical bull in a secular bear?).
Exactly! Why do people dis real estate investors and then pimp stock investments as superior?

Stocks are less stable and less predictable than real estate, yet the historical returns are very similar.

And when the economy goes to hell, with real estate you're left holding a real asset. Everybody needs to live someplace. What will you do with your stock certs to keep you warm at night?
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 02:49 PM   #32
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by dex
As the stock market keeps going up I'm feeling I made a mistake and should have had the 24% invested in the stock market.

Any others feeling the same way?
Today's punters keep drawing to an inside straight. They keep filling. This doesn't change my conviction that this is stupid behavior which will in the fullness of time be duly punished.

It sure is taking a hell of a lot longer than I anticipated though!


Ha
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 03:52 PM   #33
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by HaHa
Today's punters keep drawing to an inside straight. They keep filling.

Ha
Translation?

Cb
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 03:54 PM   #34
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by Cb
Translation?

Cb
it's the mother of all mixed metaphors
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 04:04 PM   #35
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by Cb
Translation?
"The market can remain irrational for longer than you can remain solvent."
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 04:14 PM   #36
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Re: Feeling dumb and poor as the market goes up?!

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Now that... is pretty damn impressive.
Thanx .... but I believe anybody who FIRED before 45 would have a similar story/returns.
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 04:28 PM   #37
 
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by HaHa
Today's punters keep drawing to an inside straight. They keep filling. This doesn't change my conviction that this is stupid behavior which will in the fullness of time be duly punished.

It sure is taking a hell of a lot longer than I anticipated though!


Ha

When it finally happens, you and Ho*us can celebrate and can buy all the cheap stocks that you want!
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 04:45 PM   #38
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by bosco
it's the mother of all mixed metaphors
I give you that! Although punter may have originally been a racing term, it has perhaps been generalized to any bettor?

Nevertheless, I should try to do better. Especially when there are people on this board capable of pulling well chosen quotes from William Cowper.

Ha
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 05:10 PM   #39
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Re: Feeling dumb and poor as the market goes up?!

HA is about as far as you can get from that s&^thead, Ho&us. I pay atttention to HA's financial postings. It is not obvious to me that bad things will happen financially, more like mixed financial signals, but it makes no sense to not allow for a serious market decline. I would not suggest going all cash but I have 8% to 9% in cash these days and I hope to snag bargains and avoid drawing on deleted funds if the market should decline.
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Re: Feeling dumb and poor as the market goes up?!
Old 11-15-2006, 05:19 PM   #40
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Re: Feeling dumb and poor as the market goes up?!

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Originally Posted by wab
Exactly! Why do people dis real estate investors and then pimp stock investments as superior?

Stocks are less stable and less predictable than real estate, yet the historical returns are very similar.

And when the economy goes to hell, with real estate you're left holding a real asset. Everybody needs to live someplace. What will you do with your stock certs to keep you warm at night?
The paper burns pretty hot..........particularly Enron........
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