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Old 10-14-2009, 01:01 PM
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GregWeld GregWeld is offline
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Frank --

Never look back look over your shoulder...

There's a saying for this:

I'd rather have a bird in the hand than a bird in the bush


Ask me about the 42' Grand Banks I bought in 1990 and paid cash for - because I'm a debt adverse kinda guy - and I sold MSFT stock to do that - figure that boat cost me around 20 million. (not kidding here) -- or the House I bought in 1987 (again paid cash) with our very first MSFT stock option sale which I think would be around 30 million worth of stock at the peak in 1999.

Today - my wife and I laugh at those "transactions" but we don't regret them one bit.

Raised my kids cruising on that boat... put lots of happy hours on her... and ditto the house - which by the way -- was my HOME not an "investment".... it's where we lived and played and had many great meals...

Some of my friends that built MONSTER homes - margined the stock and carried the debt (spelled MILLIONS) on their houses waiting for the next stock split... YEP -- you guessed it... they all made fun of me for being a dumbass sissy... But they're broke now.... cause they owed on the house - owed on the margin - owed taxes when the margin was called - and the stock never split again and sunk by 50%... Now who's laughing?

Woulda/Shoulda/Coulda? Not me buddy - not me... Car was sold for a number that made you happy - Bring down the gavel! SOLD IT SOLD IT SOLD IT... Movin' on.

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