Essen pee 500 - Page 5 - PeachParts Mercedes-Benz Forum

Skid Row Joe · #61 03-18-2008, 02:57 AM

Quote:

Originally Posted by Botnst

No, gentle person. I refer to nincompoops who believe that acknowledging things as they are is the same as claiming that's how they ever shall be. It is a foolish person who thinks things cannot change.

My 401k is doing fine. I adjusted out of stocks last November and into T-Bills. In late summer I'm intending to shift back into the stock market.

Sorry about your 401K. Stayed in the stock market huh?

B

That's interesting information, Mr. Botnst.......

Especially since you claimed to having sold declining "stocks," just last week, to buy the $9K E300.
My, my, market timing and reporting, isn't all it's cracked-up to be around here......is it?

Medmech · #62 03-18-2008, 07:49 AM

Quote:

Originally Posted by Skid Row Joe

Not you Dee8Go..........but it seems there was a "genius" running around here trying to learn how to day trade bonds sometime ago........LMAO!

The fact that you have no clue why I was looking for bond charts tells much us much skid, since you don't have a clue why I was looking for them while the people that responded knew exactly why I was asking because they are in the business of stocks and bonds...unlike you

We know more about skid than skid thinks

1. I don't day trade
2. your attempt at Ad hominem will go down in a ball of flames with your newest screen name......promise.
3. Do yourself and the forum a favor and put me on ignore.

Botnst · #63 03-18-2008, 08:20 AM

Quote:

Originally Posted by Skid Row Joe

That's interesting information, Mr. Botnst.......

Especially since you claimed to having sold declining "stocks," just last week, to buy the $9K E300.
My, my, market timing and reporting, isn't all it's cracked-up to be around here......is it?

Yep, sure did sell some stock. Did you notice that my previous post was about my 401K? Do you keep all of your assets in your 401K? Do you think that I cashed in my 401K to buy a car?

B

Botnst · #64 03-18-2008, 08:22 AM

Quote:

Originally Posted by BlackRedGold

the stock market is no place for your money right now unless you are in it for the really long haul, and even then it is going to be a rough ride. depending on who you listen to, the s&p has peaked for generations to come, mainly due to way higher than average returns for the past 20 or so years. i cashed out of the market a couple of years ago and diversified my 401K with largely overseas small and mid caps. i put the majority of that cash into real estate locally following katrina, and nationally following the "untimely demise of people who got in way over their heads so they could impress their friends with their big mansions on adjustable rate mortgages that any idiot can tell you are, in fact, adjustable rate (which means they can go up too) and the overzealous commission hounds that sold them to them" or the "sub-prime crisis" if you so desire. now i am enjoying renting out property to poor saps that won't even be able to get a home depot card for years to come for about 20% higher than i could have 3 years ago. the dollar is a joke, and uncertainty (war, upcoming election, mortgage crisis, bear stearns et al, etc.) is exacerbating the problems. the rest of my cash is in nice slow, stable cd's and none of it is going to see the light of day until 2010 at the earliest.

I don't use faith as my guide for investment just as I don't use physiognomy or phrenology to inform my beliefs about people.

B

Medmech · #65 03-18-2008, 08:25 AM

Quote:

Originally Posted by Botnst

Yep, sure did sell some stock. Did you notice that my previous post was about my 401K? Do you keep all of your assets in your 401K? Do you think that I cashed in my 401K to buy a car?

B

That was the kindest retort to a character assassination I have ever seen.

Botnst · #66 03-18-2008, 08:29 AM

Quote:

Originally Posted by Howitzer

That was the kindest retort to a character assassination I have ever seen.

I don't rearrange the furniture in a blind person's room.

t walgamuth · #67 03-18-2008, 09:37 AM

Quote:

Originally Posted by Botnst

I don't rearrange the furniture in a blind person's room.

LOL!

Does this thread mean that stocks are joining real estate in the toilet? (Come on in guys the water is cold).

I was talking at lunch yesterday and the guys were musing at what a person would put money into in today's market. I said Farm Land? They said its in a bubble now and will go back down. ONe guy said to buy poor farm land now since it will be good for growing switch grass (he's a builder and land developer).

You know what we all agreed on?

The corned beef and cabbage was just outstanding.

The economy has been driven so far into the toilet by greedy bastards that it will take some real effort to salvage it.

WPA, CCC and TVA are looking better all the time.

Tom W

Medmech · #68 03-18-2008, 09:44 AM

Quote:

Originally Posted by t walgamuth

LOL!

Does this thread mean that stocks are joining real estate in the toilet? (Come on in guys the water is cold).

Tom W

Not all of it is in the toilet, I admit I have not be paying as much attention as I should but I now own a tiny bit of stock and the rest is in S&P and various funds, over all I'm up thanks to a couple that had big gains and the ones that did go down were less than 3% worst case.

Another way to look at losses is its only a loss if you sell, I have real estate that I bought low and should have sold during the boom and the value has softened considerably but they are still well above what I have into them so...no loss in my book.

Botnst · #69 03-18-2008, 10:06 AM

I don't play the market and I am by nature, a long-term, conservative investor. But I thought we were in for a severe correction last November and so, shifted about 60% of my assets out of S&P and Russell and into T-Bills on the theory that a 3-4% gain is better than a 10-20% loss. My "plan" is to go back into the stock market sometime in late summer. I think that's when the market will be at or near bottom. But that is not based on any analysis. Call it faith-based investment!

B

Medmech · #70 03-18-2008, 10:11 AM

Quote:

Originally Posted by Botnst

I don't play the market and I am by nature, a long-term, conservative investor. But I thought we were in for a severe correction last November and so, shifted about 60% of my assets out of S&P and Russell and into T-Bills on the theory that a 3-4% gain is better than a 10-20% loss. My "plan" is to go back into the stock market sometime in late summer. I think that's when the market will be at or near bottom. But that is not based on any analysis. Call it faith-based investment!

B

I'll email some info to you about T-Bills, the last auction was not pretty..or google http://news.google.com/news?hl=en&rls=GFRD%2CGFRD%3A2007-38%2CGFRD%3Aen&resnum=0&um=1&tab=wn&q=T-Bill+auction+..

Personally, extra cha ching is going into gold and silver coins.

Botnst · #71 03-18-2008, 10:16 AM

Quote:

Originally Posted by Howitzer

I'll email some info to you about T-Bills, the last auction was not pretty..or google http://news.google.com/news?hl=en&rls=GFRD%2CGFRD%3A2007-38%2CGFRD%3Aen&resnum=0&um=1&tab=wn&q=T-Bill+auction+..

Personally, extra cha ching is going into gold and silver coins.

The bills I buy are through my employer and thus, not the usual run. T-Bills may not be the most accurate name as I believe it implies a certain form of security. We're in the realm of "I dunno what I'm talking about, but watch my dance step!".

Also, I think it's too late to buy into precious metals. If I had the means and gigantic balls I'd buy into oil exploration. A close friend has been doing that since the 1950's and all of the reshooting of old fields using 4-d (3 spatial and through time) seismic surveys is presenting a lot of opportunities. There is some opportunity to "small investors" like my friend, who can afford to tie-up $10K per day for a couple of months on a risky venture. Even if I had the $$$ for it, that would scare the hell out of me!

Skid Row Joe · #72 03-18-2008, 04:22 PM

Quote:

Originally Posted by Botnst

Yep, sure did sell some stock. Did you notice that my previous post was about my 401K? Do you keep all of your assets in your 401K? Do you think that I cashed in my 401K to buy a car?

B

Why not? Since some illiquid people are now using their debit cards as a direct-draw from their 401Ks to eat at Ruth's Chris.
Anything is possible for those in debt and strapped for cash..

I don't have a 401K........I have no need for an "employer," either......SEP, Roth, and regular IRAs, yup.
Unfortunately, I been able to amass double those account amounts in like liquid assets.

Taxes are a b*tch, but them are the breaks.

Skid Row Joe · #73 03-18-2008, 04:30 PM

It's interesting how popular T-Bill talk is.........considering some claimed to be in them already for 5-months now. Wonder why this information is just now surfacing?
Probably couldn't find the door.......being blind and all.

As for buying T-Bills?...... How many months will you miss the next trend by?
Cause the train left the interest-rate station 'bout a year ago.......

Botnst · #74 03-18-2008, 05:18 PM

Quote:

Originally Posted by Skid Row Joe

It's interesting how popular T-Bill talk is.........considering some claimed to be in them already for 5-months now. Wonder why this information is just now surfacing?
Probably couldn't find the door.......being blind and all.

As for buying T-Bills?...... How many months will you miss the next trend by?
Cause the train left the interest-rate station 'bout a year ago.......

From from failed innuendo to failed innuendo. You have a genius for errancy.

B