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Re: Hi! I'm LRS
Old 03-23-2004, 05:41 AM   #41
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Re: Hi! I'm LRS

Re. " greatest financial gurus of all time", I was saddened to see my name left off the list. Anyway,
I also pretty much advocate "waiting at the mailbox
for your dividend checks", except for my heavy
reliance on real estate which I suppose looks pretty
risky to the untrained eye.

John Galt
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Re: Hi! I'm LRS
Old 03-23-2004, 10:11 AM   #42
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Join Date: Jul 2003
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Re: Hi! I'm LRS

Take Heart John

My guru's have passed on. The new millenium awaits. Perhaps a breakthrough theory on dryer sheets and real estate. Remember what the spreadsheet did for retirement calculators.
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Re: Hi! I'm LRS
Old 03-23-2004, 10:17 AM   #43
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Re: Hi! I'm LRS

High interest rates and low P/E's do indeed entice.

Its the process of getting where we are now (the inverse) to that other place thats rather painful.

The transition to higher rates will badly dent intermediate and long term bonds, and even shock stocks (although they'll both benefit in the long run; the bonds from higher dividend rates and the stocks from the inflation that will undoubtedly be accompanying the interest rate hikes). Lowering of P/E's to anything near historical levels will drop prices of the total market by roughly 40-50%. Growth stocks will take it worse.

When I see things like "lowest rates in 40 years" and "very tame inflation" and "highest P/E rates in history", I can but assume we're heading in the other direction at some point. Either fast or slow.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Hi! I'm LRS
Old 03-23-2004, 11:44 AM   #44
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Re: Hi! I'm LRS

A couple of basic questions.
1. How is the internet access there?
2. What are you doing for health insurance? USA company or foreign.
I lived in Hong Kong for awhile and liked that area of the world.

Did you get all your hepititisus shots? I'm not sure what letter they are up to for it.
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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