[quote=davelj][quote=investor]
SV CV gets a pass? Are you sure you guys aren’t just holding hands and kissing in the back?
[/quote]
Actually it’s a full-fledged orgy. Me, Allan, SK and six (female!) strippers from Argentina (sorry guys, I just couldn’t keep it a secret any longer!). I was going to invite you but I thought you’d be too busy with all of the important meetings with other billionaire “investors”. Next time, though.
[quote=investor]
My degrees are NOT in finance.
[/quote]
Right. We understand that part now. They don’t exist.
[quote=investor]
But, I only brought them up in response to the two entries from Allen and SV CV from the Federal Reserve post.
[/quote]
Right. The Federal Reserve post from… what… five months back? What, you didn’t remember that you had your PhD’s back then? Or you’ve purchased them from a diploma mill in the interim?
[quote=investor]
But as Allen said in the Federal Reserve post, you do not need to have a degree in finance in order to understand the Federal Reserve. Don’t make me find that one two (Allen, SV CV, davelj, lookie, lookie he did it again!!!)I don’t want to reveal them for fear of some of you jerk-offs not respecting someone else’s privacy, not one bit
.[/quote]
Look, we all know there’s nothing to reveal. They don’t exist. Hasn’t this charade gone on long enough? Well I, for one, hope not!![/quote]
Well, I guess it is a compliment that you don’t believe that I have two doctorates (and a bachelors). They are hanging on my wall and they are not in the business field.
I have spent the last 10 years learning the investment world (UC of degenerate, wouldn’t it have been better if I had said “world of investing” rather than investing world? Wish I had thought of that), having bought and sold 7.7 million worth of real estate (both side of the sales side now) in the past 5 years. Took a bath in the real estate market but I was a “real estate professional” for one of the years so I could claim all of the capital gain losses against my earned income in one year. Bought and sold 3 homes, held them for at least 2 years each to take advantage of the personal capital gains exclusion on each of them.
Read many books on the subject of investing and discovered that the only people who know about investing are the ones who actually do it and can live on their passive income without working for the rest of their life. That, to me, is the key to defining an investor. Someone who can live off of their passive income forever. Working for money only if they choose to. Investing is something that I have a keen interest in, and when I read the griffin book, I felt that I had discovered a whole new world of knowledge that few people know much about.
This was the first blog that I have written on. I didn’t think that the responses would be so verbally violent, but I guess they are. Davelj: I don’t give a rat’s A** if you believe me or not about the degrees. I have them; I’m not going to reveal them for privacy reasons. They don’t mean anything as an investor except that I make 550 K per year gross income from them. (That will probably get some negative responses from people.)Some of that in passive income where I don’t pay Medicare/ social security taxes and where I can depreciate real estate against it as well. There are people who make so much more than I do that I am a pauper so I don’t say that bragging. Some in my own field. I worked hard for them so I could earn that kind of money and I was blessed to be able to achieve them, much like some of you, who have worked hard for your advanced positions in life as well.
Any other true investors out there, not this rag tag bunch of crass blowhards, please chime in. I would love to hear what you are thinking about the next 2-10 years in the investing world, knowing what you do about the central banking/ national debt/ inability of either political party to have a balanced budget. You do risk having some really negative things said of you, but, that seems to be the nature of blogging.
Rich. I don’t blame you if you are not reading these worthless responses to my two entries, but I was wondering how much of your clients portfolio you are putting into gold/ silver? Gold may go down in the short term but over the next 3-8 years, don’t you think it will really go up with the amount of money being printed?
