I hope everyone's investment portfolios didn't take too much of a beating.

Ouch.

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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma

Mine took a fairly good beating today...

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-Justin

91 560 SEC AMG - other dogs dd
01 Honda S2000 - dogs dd
07 MB ML320 CDI - dd
16 Lexus IS250 - wifes dd

it's automatic.

good time to buy!

It looks like I'm going to hold off on that Gulfstream for a while. Damn turbulent markets.

Seriously, I just keep telling myself that over the long term, I'll make money. Its tempting to dump it all into something more stable during times like these.

My best investments are listed below...

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1985 500SL Euro w/ AMG bits 130k
1984 300SD Turbodiesel 192k
1980 240D Stick China 188k
2001 CLK55 AMG 101k
2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!!

I HAD an investment... From the performance of the Latin America fund, I believe South America has sunk into the sea... You can't lose 10% per day for very many days... well actually...

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1998 C230 330,000 miles (currently dead of second failed EIS, yours will fail too, turning you into the dealer's personal human cash machine)
1988 F150 144,000 miles (leaks all the colors of the rainbow)
Previous stars: 1981 Brava 210,000 miles, 1978 128 150,000 miles, 1977 B200 Van 175,000 miles, 1972 Vega (great, if rusty, car), 1972 Celica, 1986.5 Supra

My 401k is sucking right now, so I am not putting much money into it now, and I am going to start putting my money into other investments that will make money, even if it is 1 or 2%.

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1999 Toyota Corolla VE (Mine)
2006 Honda Odyssey (Wife's)
1979 300CD (sold)

What is worse than the market going down is the plight of AIG. Since their credit rating has been downgraded again, it is now low enough that policy holders can demand their money back as the company is no longer a good risk. Expect it to go down like the Titanic!

Approx 6000 Merrill employees were told to come in to the office this past Sunday. As they came in, they were told to clean out their desks and go home!

Lord knows how many LB folk will still have a job on Monday

Add these poor bastards to the people laid off by JP MORGAN CHASE when they absorbed Bear Sterns and the 8% reduction that Morgan Stanley just did and New York City is starting to resemble Allentown, Pa back in the '80s

Here in DC Hewlett Packard bought EDS (Ross Perot's old company) they are going to lay off 23000 employees of the combined firm!


Welcome to 1929!

On a good note oil is sliding past 90 bucks a barrel

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"I have no convictions ... I blow with the wind, and the prevailing wind happens to be from Vichy"

Current
Monika '74 450 SL
BrownHilda '79 280SL
FoxyCleopatra '99 Chevy Suburban
Scarlett 2014 Jeep Cherokee
Krystal 2004 Volvo S60
Gone
'74 Jeep CJ5
'97 Jeep ZJ Laredo
Rudolf ‘86 300SDL
Bruno '81 300SD
Fritzi '84 BMW
'92 Subaru
'96 Impala SS
'71 Buick GS conv
'67 GTO conv
'63 Corvair conv
'57 Nomad

Just watch out for jumpers.

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[QUOTE= On a good note oil is sliding past 90 bucks a barrel[/QUOTE]

Remember the good old days when if oil dropped stocks went up?

My 401K did OK because I gave up and had moved everything to
bond fund and money market last week.

Lost in wife's 401K and college fund.

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cult plus time equals religion

You must be doing very good! Bonds are going up and up.

I feel a little bit fortunate for putting extra money into paying down my mortgage over the last couple years. But still - by the time you hear the bad news, its too late to do anything. With mutual funds it takes an extra day to complete your transaction, during which time it can drop more.

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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma

I try to buy as much as I can of the things I've been watching when the market goes down like this.

The value of my house ain't what it used to be either, but I'm not bailing out of it either! If I had the money, I'd go out and buy ANOTHER house about right now. I like buying when everybody else is selling. That's when you get the best deals. As long as you buy quality, you'll do well in the long run.

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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

I have a building lot and house, my investment is doing quite well thank you. Almost sold it last weekend.

One of these days I'll get back into that stock market thing.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Yup, unless you need the dough in the next couple years . . . this is the "buy low" thing you often hear about.

I remember a stock broker I know advising me a couple of years ago that I should take all the equity out of my house and invest it in the stock market. Can you imagine doing such a thing?

Fortunately, I am more inclined to take money out of the market to pay down my mortgage than to do the reverse. I can live in my house if it's paid for, even if the value goes down.

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles