Investing 102

[toy71camaro]

Originally Posted by GregWeld

You'd think that with the fantastic run up in equities -- that this thread would be lit up like a neon sign.... yet it seems to have fallen off the radar.


What? <think of the scene in The Birdcage>

yeah, i hear ya... it has been a nice run. my newly re-situated 401k is doing fairly well thus far. But, sadly to say I've been quite busy. My dads health hasnt been good for quite a while, and he just underwent a major hurdle in his Congestive Heart Failure situation. i wrote a thread about it in the Off Topic forum. He's been in the hospital the past month, and mom's been living over there in an apartment. Which is about a 2-2.5 hour drive. So my friday afternoons/saturdays have been spent trying to stay over there. While during the week juggle work, the work at my house and keeping my parents place up and trying to re-organize the house (de-clutter it), in preparation for their return home. The past 3-4 weeks have been hectic.

On a good note, I finished my "Total Money Makeover" book today. Started our house budget for April and looking forward to saving some money up for my emergency fund again, and then back to saving for investing/future.

[GregWeld]

Originally Posted by toy71camaro

yeah, i hear ya... it has been a nice run. my newly re-situated 401k is doing fairly well thus far. But, sadly to say I've been quite busy. My dads health hasnt been good for quite a while, and he just underwent a major hurdle in his Congestive Heart Failure situation. i wrote a thread about it in the Off Topic forum. He's been in the hospital the past month, and mom's been living over there in an apartment. Which is about a 2-2.5 hour drive. So my friday afternoons/saturdays have been spent trying to stay over there. While during the week juggle work, the work at my house and keeping my parents place up and trying to re-organize the house (de-clutter it), in preparation for their return home. The past 3-4 weeks have been hectic.

On a good note, I finished my "Total Money Makeover" book today. Started our house budget for April and looking forward to saving some money up for my emergency fund again, and then back to saving for investing/future.

Sorry to hear about your Dad! I didn't see the thread. I'm sorry to hear this news. Brought back memories of when my Dad was in one hospital from a heart attack - and my Mom was across town in another hospital with Congestive Heart failure and COPD.... Both in intensive care! OMG ---- it's all I did was go back and forth like a ping pong ball.

Life is what happens to us while we're busy making other plans....

[toy71camaro]

Originally Posted by GregWeld

Sorry to hear about your Dad! I didn't see the thread. I'm sorry to hear this news. Brought back memories of when my Dad was in one hospital from a heart attack - and my Mom was across town in another hospital with Congestive Heart failure and COPD.... Both in intensive care! OMG ---- it's all I did was go back and forth like a ping pong ball.

Life is what happens to us while we're busy making other plans....

yeah.. ping pong ball. thats about what it feels like! lol. or a rag, being pulled every which direction by a pack of dogs. lol. You mom had CHF too? wow.

[GregWeld]

Originally Posted by toy71camaro

yeah.. ping pong ball. thats about what it feels like! lol. or a rag, being pulled every which direction by a pack of dogs. lol. You mom had CHF too? wow.

Oh yeah --- CHF and COPD.... and still smoked up a storm even while having to be hooked 24/7 to oxygen. Sorry smokers... you're just D U M B.


She lived 4 more years in a private nursing home (5 people lived there) - sitting in a chair - too weak to care for herself.... costing me a small fortune. Cost me an extra $5 per cigarette because someone had to take her outside and be with her while she puffed away. That's some addiction right there!

[toy71camaro]

Originally Posted by GregWeld

Oh yeah --- CHF and COPD.... and still smoked up a storm even while having to be hooked 24/7 to oxygen. Sorry smokers... you're just D U M B.


She lived 4 more years in a private nursing home (5 people lived there) - sitting in a chair - too weak to care for herself.... costing me a small fortune. Cost me an extra $5 per cigarette because someone had to take her outside and be with her while she puffed away. That's some addiction right there!

Oh wow. Thats too bad.

My Dad's CHF is a result of CHOP Chemo he had to undergo during his 2nd round of Non-Hodgkins Lymphoma Cancer that he had in the late 90's. the LVAD pump (think electronic water pump, but hookedup to the heart and pumps blood instead) will (hopefully) be a short term fix until he is healthy enough to undergo a full on Heart Transplant. Assuming he gets that far. he's having some trouble right now (not with the device, but seizures and some mental issues). Talk about a scary road.

Sorry to hear about your parents Greg.

[Bucketlist2012]

Originally Posted by GregWeld

Life is what happens to us while we're busy making other plans....

Boy Greg, you said a mouthful there..

Health Issues will eat through money like termites through wood..

I have been too busy lately dealing with my own health care issues, and even with great Insurance, I still have to pay thousands for my share..

I should of, would of, could have taken better care of myself....Spilled Milk.

So you younger Guys follow the Health thread and take good care of yourself...Otherwise the money you Save and Invest will get eaten up later by Hospitals and Doctors...

MIke

[Tony_SS]

Originally Posted by Bucketlist2012

Boy Greg, you said a mouthful there..

Health Issues will eat through money like termites through wood..

I have been too busy lately dealing with my own health care issues, and even with great Insurance, I still have to pay thousands for my share..

I should of, would of, could have taken better care of myself....Spilled Milk.

So you younger Guys follow the Health thread and take good care of yourself...Otherwise the money you Save and Invest will get eaten up later by Hospitals and Doctors...

MIke

Wise words Mike. Hope you're doing well.

[GregWeld]

Good to hear from you Mike!


Keep up the good fight buddy!

[CarlC]

Originally Posted by Bucketlist2012

I should of, would of, could have taken better care of myself....Spilled Milk.

So you younger Guys follow the Health thread and take good care of yourself...Otherwise the money you Save and Invest will get eaten up later by Hospitals and Doctors...

MIke

Words beyond wisdom. Money won't buy you health. Steve Jobs can attest to that.

Part of financial planning should be the "what if's" of future health costs. My father's passing was a real eye-opener for me in that his sudden departure was in many ways a blessing. He left life on his own terms and it did not have to destroy his estate to pay for in-home or nursing care (I didn't care if he died broke, but HE did.)

There are no easy or inexpensive options here. In the long run, if one wants to protect their assests and pass them on to their children the the best thing to do is talk to a tax and financial professional/lawyer and start planning now. There are timeline rules for what can, and cannot, be done for asset protection.

[Bucketlist2012]

Originally Posted by CarlC

Words beyond wisdom. Money won't buy you health. Steve Jobs can attest to that.

Part of financial planning should be the "what if's" of future health costs. My father's passing was a real eye-opener for me in that his sudden departure was in many ways a blessing. He left life on his own terms and it did not have to destroy his estate to pay for in-home or nursing care (I didn't care if he died broke, but HE did.)

There are no easy or inexpensive options here. In the long run, if one wants to protect their assests and pass them on to their children the the best thing to do is talk to a tax and financial professional/lawyer and start planning now. There are timeline rules for what can, and cannot, be done for asset protection.

Carl...

I was 50 years old 3 years ago when suddenly I was on my Death bed and NO Will or Trust.

My Wife called a Trust attorney and his Notary and he drove through heavy traffic at 400.00 an Hour plus the Notary wages, to rush to my Deathbed to notarize a Will and Trust at the last moment..

I did pull through and I am fighting hard, But I almost left my family at the hands of our thieving Government...

PLEASE, EVERYONE...No matter what your age, prepare and set up a Trust and Will and Advanced Health Directive for you and your Loved ones...

When something goes wrong, it happens fast and unexpectedly...

Investing does no good if the Government is just going to take it and leave your Family without your hard earned money..