Oy! downgrade of US debt < aliens and psychics

cute fuzzy bunny said:
Me too. So far I havent seen anyone say that.

There are a bunch of ways to skin this cat. Some can be easily utilized by the financially immature...index funds, target retirement/lifestrategy funds, welllesley/wellington mix...
Click to expand...


Quit calling me immature! MOM!



Ha, so you really see big upside in GE? My testosterone is kicking in...

What about Ford at $5? Are they really at risk of bk?
 
laurencewill said:
Ha, so you really see big upside in GE? My testosterone is kicking in...

What about Ford at $5? Are they really at risk of bk?
Click to expand...

Hey, don't let me convince you of anything! Investing gives us way too many opportunities for error to want additional resposibility. Mainly what I see in GE is solid company that I believe has a good feasible plan to migrate its business into areas where over time there will be steadily increasing demand. GE also seems to have good management and good governance. GE is no rocket to the moon, or hot tip, but it is undeniably cheap, and cheap is good.

About Ford, My idea is that they will be very successful. They have a huge business in Europe. But....IMO there will be dilution along the way so I am not intersted in the common. It could work well as a quick spec, but overall I don't try to do that.

Ha
 
FUTURES, dudes.

Especially good for people nearing retirement who haven't saved nearly enough money.
The tremendous leverage on futures will allow you to quickly magnify small sums of money into the millionaire range! I'm not saying that an unlucky few haven't lost a little $, but this can be quickly made back by those who are in it for the long haul. How do you think most of those rich men on Wall Street made their dough.

After a few years trading futures( where you can make money if the market goes up OR down by the way), you can move into options on futures where the real big bucks are to be found. Think nine figures my friends.

Don't let any of these savings account/CDs wimps frighten you away from what could be a VERY comfortable lifestyle.

Think about it. Aren't you worth it? Isn't your family?
 
ladelfina said:
"We" on the forum can't re-build a broken system, but we can take individual steps like contacting legislators, or getting into more defensive positions than usual (more cash, more PMs, more foreign currency, whatever..). If I were in the US, I'd have bought some farm/timber land, not because I want to dig a bunker, but because having it couldn't hurt.

I like to examine and think about what is going on. (I'm one of those people who likes to watch the dentist work on me in the mirror, too.)
Click to expand...

LadelFina, these are the first solutions (contact legislators, get into more defensive positions, buy farmland) I've seen you post. So what did your legislator tell you when you contacted him or her with your concerns (I believe you're overseas now but I also believe you're a US citizen and I hope you contacted your "last legislator," as it were)? What do you have your investments in? And where have you bought farm/timberland (you can buy US land even if you're overseas)? See, this kind of information is helpful to us novices. When I read your posts I think, there is nothing I can do about these situations other than add them to my worry list....

I imagine the people on this board also like to examine and think about what is going on, from the posts I've been reading for three plus years. I have learned an immeasurable amount from their quite varied perspectives and actions.
 
barbarus said:
FUTURES, dudes.

Especially good for people nearing retirement who haven't saved nearly enough money.
The tremendous leverage on futures will allow you to quickly magnify small sums of money into the millionaire range! I'm not saying that an unlucky few haven't lost a little $, but this can be quickly made back by those who are in it for the long haul. How do you think most of those rich men on Wall Street made their dough.

After a few years trading futures( where you can make money if the market goes up OR down by the way), you can move into options on futures where the real big bucks are to be found. Think nine figures my friends.

Don't let any of these savings account/CDs wimps frighten you away from what could be a VERY comfortable lifestyle.

Think about it. Aren't you worth it? Isn't your family?
Click to expand...

:2funny:

Where do I sign up for the seminar!!?!?;)
 
barbarus said:
FUTURES, dudes.

Especially good for people nearing retirement who haven't saved nearly enough money.
The tremendous leverage on futures will allow you to quickly magnify small sums of money into the millionaire range! I'm not saying that an unlucky few haven't lost a little $, but this can be quickly made back by those who are in it for the long haul. How do you think most of those rich men on Wall Street made their dough.

After a few years trading futures( where you can make money if the market goes up OR down by the way), you can move into options on futures where the real big bucks are to be found. Think nine figures my friends.

Don't let any of these savings account/CDs wimps frighten you away from what could be a VERY comfortable lifestyle.

Think about it. Aren't you worth it? Isn't your family?
Click to expand...

:rant:High-risk, zero-sum gambling.
 
Moemg said:
I worry about the economy and the national debt but I try not to dwell on it . I lost my husband , my son & my brother within eight years. Nothing the economy could do would affect me more than that . So bring it on !
Click to expand...

This post says it all--the things we worry about vs. the things worth caring about.
 
In the midst of all the fear and loathing, see this:

Breaking news, opinion and commentary - Chron.com - Houston Chronicle

Ex-financials, the S&P 500 is showing a 10% growth rate in the last year. 61% of companies reporting earnings beat expectations and 72% beat last years numbers.

Frightening, terrifying stuff this double digit growth is.

So Ha...besides GE if you had a million bucks to spend right now and wanted to split it among ten stocks that are nice blue chips selling for a fair bit less than they'll be worth a few years from now, what would you be buying?
 
Bestwifeever, what I had already done is what a number of people here have done anyway: I own my home outright and have no debt of any kind. What I have done lately is sell some highly-appreciated stock and put the proceeds into a euro account, to almost double my cash cushion. I bought some GLD where I had no PMs. I've described my other holdings in detail here before if you are more curious than that. I haven't done anything particularly exotic or that is not within the capacities of most here to do. I'm sure there are people on the forum who have reacted in a much more extreme manner than I.

I don't know your history, so I can't say who is more of a "novice". I did recount elsewhere on the forum that my frugal dad, in the '70s, did a bunch of tin-foil things, like -only hold paper certificates, -buy gold coins, -spread money over various accounts, etc. Things that seem extreme during the boom times, but which enabled him to pass on a little bit of change to me. And I proceeded to turn in the certificates, consolidate the accounts, and so forth. Because he was a "crackpot". Now I'm going back on my own youthful tracks and am not too proud to admit it. I haven't gotten to the point of requesting physical certificates, but I can see some clear reasons for doing so.

My legislators are from MA.. so I don't need to bend their ear on Iraq or any of a number of other political issues. I can complain about the housing bailout but it's a done deal that happened fast. I've always had tons of international stock and didn't flinch in 1987 or 2000-2001. What's happened recently is an extreme and non-casual devaluation of the dollar that I only started looking into a few months ago, though I felt its effects much earlier... ("well, just 'ups and downs,'" I had naively figgered).

Being aware of something on the horizon and being able to control or influence it are 2 different things. If one lives in FL, I imagine one might still board up one's house based on certain weather reports, even if one has insurance.

I took for granted a lot of things about the US. It seemed "normal" to me that people would commute 90 min. to work, and that the States have 10 times the retail space per capita of the UK or Italy. It would be nice to think that that's sustainable, but maybe in our hearts we know it is not (and that will affect earnings in many places). So, forewarned is forearmed, to some extent.

Jes' wanna be on my toes, but that does not extend to buying RE sight unseen. Maybe when I visit the family for Thanksgiving I will budget some time go scouting.

I envy FIREdreamer's set-up and hope he will give me his address so I can look him up. Switzerland is only a 6-8 hr. drive. :D

At least you should be able to chalk my posts up to contributing to your varied experiences here. I wouldn't want to have bored you. I find the mechanics fascinating and would have commented on them even were I -miraculously- completely insulated from any ill effects.

I am working, in parallel, to find a peaceful space where threats to my daily bread via investments don't matter. All flesh is grass. Noodles and a mat. Sometimes, though, my brain urges me to exercise it on matters of this world. I would advise you not to take me seriously if it threatens your own peace.

Best wishes, seriously. I wish you all well.
 
cute fuzzy bunny said:
Oh, and quoting your own posts isnt a very effective method to circumvent the 'ignore' list, but I applaud the effort to assuage the gnawing need you have for me to read your missives.
Click to expand...
This thread would scroll by a lot faster if all y'all would quit quoting the posters who are already lifetime members of my "Ignore Poster" list...
 
I see someone mentioned cake in this thread.

But pie>cake.

I wont even use the you can put ice cream on pie card. :duh:
 
Thats because we're reserving the pie for ourselves.

Pie is definitely >> cake.

Although my wife made a coconut cake a while back that had coconut milk in the batter, coconut creme filling and was covered with toasted coconut.

That was okay.
 
I prefer pie to cake. But to be fair to cake eaters, I think cake as a dessert category allows for more variety. Does that mean pie-eaters lack a sense of adventure?
 
Carrot cake is good, but you have to settle on pie in the end. Cherry, apple or blueberry... so many solid options!
 
There are many types of pastries in the pie class that might push it into a tie with cake. What, nobody enjoys a good tart?
 
Approves!
 

Attachments

  • borat.jpg
    borat.jpg
    38.2 KB · Views: 40
In an attempt to re-rail the derailment (dont try this at home, kids!), here are a list of unusual pies...

Old Fashioned Sweet Green Tomato Pie
Ricotta and Fig Pie with Brioche Crust
Papaya Pie with Shortbread Crust
Grape Pie
Cheddar Cheese Fudge Pie


Anyone else have an interesting pie?
 
cute fuzzy bunny said:
in an attempt to re-rail the derailment (dont try this at home, kids!), here are a list of unusual pies...

Old fashioned sweet green tomato pie
ricotta and fig pie with brioche crust
papaya pie with shortbread crust
grape pie
cheddar cheese fudge pie


anyone else have an interesting pie?
Click to expand...

3.1415926535...
 
You must log in or register to reply here.

Latest posts

Back
Top Bottom