Originally Posted by GregWeld (Post 388975)

The great American way..... SPENDING their way to wealth!


:faint: :faint: :wow: :willy:

Originally Posted by GregWeld (Post 388979)

That doesn't have a happy ending for anyone!

Can you imagine waking up one day -- and it comes QUICKLY as us older guys know -- and being forced to retire at 65ish / or getting laid off at that age -- and you OWE everybody for everything and you have ZERO savings etc. OMG! I can't imagine the feeling in the pit of your stomach that could come from that.

You'd look back at your life and think of all the Louis V... purses... and the lease payments for cars you never owned... and the 25 years you still owe on the last refi of your house (that should be paid for by now!)..... Would all of that "lifestyle" put a smile on your face... or would you think "man, if only I "woulda when I "coulda" when I "shoulda".... :woot: :rofl:

Originally Posted by solarguy09 (Post 389015)

Amen.. I would of , should of, and could of ... LONG ago.. I drank the Louis X111 on credit like a big man.. I lost everything in 1990.. My fault. But I did wake up, .. a lot of wasted years, but I made up for it in the last 12 years big time.. Still a novice, but the compounding of money management , and some key moves, and 2008/2009, helped greatly.

My Wife and I will never have to be in that situation.. And I know that a lifetime's wealth can be lost in a few years...My Parents ended up spending everything... bad decisions, multiple moves, losses.. So what I have aquired must be protected and invested for long term income..

My wife and I cherish the calm, peace of Mind, and Security that it brings...More than the Toys and things...

Again, I am the Novice, but I am learning quickly as I can..

And it is not only Business, but it is Fun...In my meeting with a High powered Attorney today, he asked how the portfolio was going, and when i told him, he said, " in this economy ? are you sure it isn't bernie madoff ? I laughed and said it was with schwab, and he had looked over the papers a few years ago. So it is a custodian and legit..

I feel for my family, but I can only guide them, and not let them bleed me..:cheers:

Originally Posted by GregWeld (Post 389018)

Mike -- how dare you! You know EVERYONE is ENTITLED to a great way of life whether they work - pay taxes - or are part of the great society or not!

My question to all is -- Are you part of the problem or part of the solution....

BTW -- I was pretty sure that NOBODY was ever turned away from getting the very best medical treatment this country has to offer. All anyone ever had to do was to show up at the emergency room -- the price for that is that you must wait your turn.... but you will be seen and you will be treated - and you most likely will never pay a bill if you can't. In this country we will "life flight" two gangbangers that just shot each other - and we will keep them alive FOREVER if that's what it takes - and THEY will never pay a bill... We will pay their care regardless of what it takes or costs.

Does that have a cost to it? Oh hell yeah - we all pay higher costs for OUR medical treatment... the old "there's no free lunch".... But must we force everyone to BUY medical insurance? Do you really think that someone that can't afford it now - is somehow going to pay for it? Do they get it free? If so - isn't it already free now? So what does the Obamacare plan change? Does it control everyones costs? Nope.... does it address the high costs of pills? Nope. Or does it burden the very people it's meant to help? I already can afford healthcare - so it doesn't affect people like me.... It's a very regressive tax on the very folks it's meant to help by giving them medical insurance. The government will hire 1000's of people to administer it -- and build buildings to house them all - and buy computer systems etc... so the costs will now double or triple...

Don't even get me started!

:willy: :willy: :rofl:


Having said all of that --- There's not a single REPUBLICAN candidate so far that I have ANY interest in at all.... so we're back to McCain and the idiot from Alaska... And nobody could vote for that pair....

HELP!!!!!


RANT OVER.

Originally Posted by GregWeld (Post 389026)

Thank god you recovered and learned from it!

I've been poor -- poor sucks!

The other day I was having b'fast with my son and his girlfriend... she has the $700 Louis ViNell purse... I told her she could have bought one on the street when we were in NYC in September - and put $650 into the bank... Would have looked exactly the same.

I don't get it. The "pride" is in "things". Those purses are for people that are ALREADY RICH... and even then I don't get it. I have stuff -- lots of killer stuff... but I can afford it... and that doesn't mean "I can make this months payment". So all I said to her was -- sweetheart -- you're 24 years old - if you put the $650 in the market - you could buy LOTS of those purses LATER... :faint:

$650 in 7 years - $1300 - 7 years later $2600 - 7 more years $5200 - 7 stinky years later $10,400 and in just 7 more years when you've long forgotten the beat up looking purse -- it's $21,800 and you're only 59

Now you're a classy ol' babe with the dough to carry off the nice purse... and all that from just the savings off ONE STINKY PURCHASE. :rofl:

Originally Posted by solarguy09 (Post 389036)

It is all over my town..Purses, cars, wheels....most on credit, and the stuff purchased from before, was pulled out of their equity. Nicer cars than ME...Most with no net worth, while I am , the almost millionaire next door... I will have money for all my tomorrows...First priority and checked off my List.

More stuff will come later...paid for of course.. No rush...I am a young 52. So I have made my future a full time job...

Thanks..yes, it is only up from here.. The money management for me is really important, and the calculating of NET worth yearly to see what I really have.. Just a nice feeling..

I have some skills with investments, but I am still a novice..I do good , but know that there is more to learn, so in turn, more to gain..

If you tune out the noise, and the media, and the Volatility, and listen to those that are doing it right, great things will come..

The ups and downs have been madness, but sticking with the plan worked out in the end..

I do play the Political Climate in my choices... Example would be the Printing and Spending. Due to that , I do own 15% in PM's, like CEF, Silver Wheaton, GTU, TDLDX...

I am not a Gold Bug, and i do not recommend it to the faint of heart, or anyone else..just my INSURANCE...So far it has worked as planned..

Although I was in the Solar Business 10 years, all my energy assets are Distribution, Transmission, Royalty trusts in Texas, and Prudoe Bay.., Kinder Morgan, Sea Drill.

That's just me..

Only green energy I want is the Dead Presidents...

Originally Posted by GregWeld (Post 389048)

You seem to be doing great....

I think what we need to do is to give everyone everything -- and then at say 50 -- take it all away.... for like a year and a half.... just wipe them out... and then ask them "if you could do it all over again - what would you do differently?" If they answer correctly - we give half of it back - if not.... oh well... :rofl: :rofl:

I don't have the guts to gamble on gold and silver....

I agree on the energy plays -- I can't know enough - or learn enough - or see in a crystal ball to know what is going to be "it" 10 years from now... wind - solar - fracking - lasers.... So I stay out of that stuff -- it's my own advice - buy what you know and can understand. It's over my head.

When I hear others discussing this and that - I listen - I like to learn - I like to know and to keep up - but I'm not parking my money where they do... because I'll get killed when I didn't see the shoe drop coming. I always remind myself -- You're just average Joe - stick to what you know like (insert a name here).... I'll watch from the sidelines - I'll write from Monaco.... :D

Originally Posted by GregWeld (Post 389048)

You seem to be doing great....

I think what we need to do is to give everyone everything -- and then at say 50 -- take it all away.... for like a year and a half.... just wipe them out... and then ask them "if you could do it all over again - what would you do differently?" If they answer correctly - we give half of it back - if not.... oh well... :rofl: :rofl:

I don't have the guts to gamble on gold and silver....

I agree on the energy plays -- I can't know enough - or learn enough - or see in a crystal ball to know what is going to be "it" 10 years from now... wind - solar - fracking - lasers.... So I stay out of that stuff -- it's my own advice - buy what you know and can understand. It's over my head.

When I hear others discussing this and that - I listen - I like to learn - I like to know and to keep up - but I'm not parking my money where they do... because I'll get killed when I didn't see the shoe drop coming. I always remind myself -- You're just average Joe - stick to what you know like (insert a name here).... I'll watch from the sidelines - I'll write from Monaco.... :D