Search results

  1. V

    Is it time to buy Freeport-McMoRan (FCX)

    It would be great if one could predict when the market stabilizes, but by the time everyone thinks its safe to return to the market most sectors will have already have made the majority of their run up. I buy into the risk since that is when the rewards are best.
  2. V

    Is it time to buy Freeport-McMoRan (FCX)

    FCX is an absolute bargain at this price range. If you study the reports out there note that FCX will mine into higher grade copper and gold reserves in its Grasberg Mine next year. It has slowed down its lower grade mines where the incremental production cost are highest. Very well run mining...
  3. V

    So what has your learnt from the past month?

    I learned I am a hero when the market is up, and a coward when the market is down. I am a yellow dog coward when a "black swan" event such as the hedge fund induced panic selling of the last few months turns every stock that has liquidity on the market into a nothing more than fodder for pawn...
  4. V

    Calling the bottom!

    The bottom is most likely going to be the range we are in now, give or take 5%. The US has bought into or otherwise made all the main banks quasi-federal financial agncies. IMHO we should not expect to be able to benchmark the bottom. If you bail out now you have zero chance of recovering the...
  5. V

    Why aren't more retiring in Houston?

    If I had to pick a city in Texas to retire in, it would be Corpus Christi. Great fishing, great beaches nearby, very reasonable cost of living, and though hot as heck at least the gulf breeze comes in from the water. My next choice would be San Antonio, which is really the same as retiring in...
  6. V

    An alternative to: Psst...Wellesley

    I put a maturing CD and my old position in the VG "Retirement" target fund o' funds into VPGDX (the Middle managed Payout fund with the target at 5%). For every 100 K the fund is projected to pay out @417 per month give or take. For me this is a decent way to make up a floor cash flow without...
  7. V

    interesting lecture on income/consumption over the last 30 years

    John: Have you reviewed this option: Should You Walk Away? - Educate Yourself On Your Rights If You Face Foreclosure. Our Website Can Help You. Some one in this situation could first buy a home that is similarly lowered in value (but priced at about what you can qualify for), say in...
  8. V

    South Africa Retirement Visa

    I have been on extended travel in both Capetown and Johannesburg (Sandtown) in the last six months. It was a great vacation. However the country is experiencing "white flight" and a general exodus of well educated professionals of "european desent", primariliy to Australia and New Zealand. The...
  9. V

    Is it still OK to have a mortgage burning party?

    I would have the Mortgage Burning Party. (Just make sure you have the ceremonial ignition outdoors. It would be sad to burn down a fully paid off home.) I would invite everyone. You are to be congratulated on your emancipation from financial serfdom and you are an example to others to get...
  10. V

    In Retirement, Too, Money Isn't Everything

    Perhaps the WSJ is part of the Matrix? (Work, NEO, Work...)
  11. V

    Proposition: Early Retirement is Selfish

    I would rather look out for myself and my family rather than work for my previous employer. It is a derived element of selfish, in that I want the primary essence of my life, my time and choices, to accrue my side of the ledger rather than some corporations. In that sense, keeping life simple...
  12. V

    If you're really retired, what are you saving your uniforms for?

    I took at least six nice suits to a chairity and dropped them off within my first few weeks of permanant freedom. I also went through my closets and grabed numerous breif cases and business related stuff and got rid of it all. It was a big part of my closure and transitional process. Its...
  13. V

    Credit Reports

    Wonder if the credit reporting agencies can be sued for negligent misrepresentation if they get it wrong on their report on you and they sell that data to a business you are attempting to transact with?
  14. V

    WANTED: Great Retirement Location

    There may be some value in ignoring Austin (its too weird) and taking a look at Corpus Christi...it has a very low cost of living, decent climate and the fishing and boating are great. Corpus Christi, Texas - Wikipedia, the free encyclopedia
  15. V

    Texas Probate

    Heres what one needs to know: Probate Code Let's begin with what probate is: It is the presentation of a deceased person's will to the court system for official recognition and registration. The court then determines if the will is genuine so that it may be used in the administration of the...
  16. V

    Would u retire if u have health insurance??

    I suggest a simple solution: make your income in the USA, and export your retirement to a low cost, high value lifestyle country with socialized medicine. Offshore retirement cash flow in exchange for long term affordable medical coverage. Enjoy a Mai Tai on the beach in Sri Lanka or a mountain...
  17. V

    Rethinking Retirement???

    Its very telling that the main stream media is now attempting to manipulate opinion to keep the woking stiffs on the job. Its a scare tactic at one level. I suspect it may also be driven by policy makers that do not like the looming prospect of a large, well educated number of people with time...
  18. V

    CBS 60min - U.S. Heading For Financial Trouble?

    I may fracture English, its my other language after Russian and German. Even bad English comes in handy at Walmart and other fine establishments.... Anyway, good people can disagree. Hope you find your soulmate, Oldbabe.
  19. V

    CBS 60min - U.S. Heading For Financial Trouble?

    A point you should consider as a background as to how I, as a Russian by birth and an American by choice, should consider as to some cliche regarding 'the Russian sense of noblity of the governing few': The Russians lost more men in the single battle of Stalingrad than the United States has...
  20. V

    CBS 60min - U.S. Heading For Financial Trouble?

    No, I am my wife are both originally from Russia. Met in College, but I was able to get out first and pulled her out of the madness of the post soviet economic fiasco. We both hold US citizenship. We remain steadfastly traditional as to our marriage, which has worked in two countries, one...
  21. V

    CBS 60min - U.S. Heading For Financial Trouble?

    In a global sense, do not expect this twisted, ego centric version of womanhood to sell to men that have choices that are not bound by borders or media. My wife is well educated, both of us have advance degrees, and we built a self sustaining estate as a team. She does what she does well as do...
  22. V

    CBS 60min - U.S. Heading For Financial Trouble?

    Thats Why My Wife is from the old country! Why support a high maintenance American Diva when ones personal life can be enhanced through tradition where a wife knows how to serve her husband and familiy with class and dignity? I highly recommend marrying a foreign wife rather than a spoiled...
  23. V

    Introduce yourself here!

    New Poster I have recently been downsized as a result of a Mega-Merger. I am 45, (Chemical Engineer) and will try to stay out of the rat race and live on my investments until I officially start to draw SS at 62, and a modest pension at 65. I ran the numbers (Financial Engines) and I should be...
Back
Top Bottom