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CoronitaParticipantI think tomorrow, I will move some money currently in cash in my 401k and roth 401k back into index funds. Futures are off -260+ pts….lol….
CoronitaParticipant[quote=bobby]I daily drive an S2k. Fun car. Amazing gear box. Had it for 15 years and went through 4 other cars but still kept the S2k.
only draw back is twitchy. Has tendency to swap ends if not careful.
BTW, it’s next to impossible get a GT4 for MSRP. Most dealers are asking $15K+ premium on top due to availability.[/quote]GT4 premium is more like $20k-25k. I was able to get an allocation for around $20k over and that would allow me to configure it however I wanted. But with the $20k over MSRP, that pushes into 911s territory (I understand it’s completely two different cars), and then I decided against that idea because realistically, I wouldn’t race it. It would end up sitting in my garage most of the time.
One thing I really like is the Catfish Miata
https://www.flyinmiata.com/catfish/Part of the fun I think would be building it. But then again, open top. Not to mention, dealing with SB100.
CoronitaParticipantMarket took a core dump. I’ll take that 2.5% return that I can pay to myself now that I don’t have a mortgage. Holy crap. Maybe buying back can start in february at this pace.
I sense a tech/IT recession soon. Tech workers get ready.
CoronitaParticipant[quote=deadzone]Like Real Estate, stock prices always you up in the long term so no risk right?[/quote]
I don’t regret staying on index funds since 1996… In the same way, I don’t regret buying a house and never having to pay rent again.
I probably wouldn’t recommend putting everything you have into one asset class in the same way I would think people who stay out completely are making a mistake too.
And lets face it, most people who were trying to predict the bottom or top are usually wrong most of the time. That’s why there are some people who still haven’t bought a house despite having that brief chance of having both low prices and low loan rates a few years ago.
CoronitaParticipant[quote=The-Shoveler][quote=flu]Thank god I paid off my house instead if staying in the markets completely.
Maybe I’ll move back in in Feb or March.[/quote]
Good for you flu, It looks like no one is buying stocks, they are buying powerball tickets instead.
Our powerball fund at work hit an all-time high LOL.
I am still out of the market unless we get a 35-50% decline then I will start to move in again, But I don’t think that will happen, not seeing what everyone else is maybe but I see no good reason for the sell off.
But at the same time I don’t see a good reason for it to go up much either.[/quote]
Get rich quick. It’s american way.
Don’t think of a lottery ticket as gambling…
Think of it is as a “high yield investment bond”
I just drip $2500-3000 into an after tax vanguard account each month…That’s about it.
I’m suppose to get my ESPP shares in february. I think I’ll see and lock in my 20% gain.
CoronitaParticipantThank god I paid off my house instead if staying in the markets completely.
Maybe I’ll move back in in Feb or March.
CoronitaParticipant[quote=The-Shoveler][quote=flu]I’m still amazed that doomsayers exist on this board despite all the years of what we’ve gone through and years and years of how the Fed are expert can kickers.
Warning: adopting a doomsayer viewpoint can be hazardous to one’s financial health. It’s almost as destructive as being a perma-bull.[/quote]
I was talking to a trader at BlackRock this weekend (don’t ask how),
She was saying the whole china devalue thing and the Shanghai market sell off is way overblown and it is really just a normal adjustment to the dollar strength (much as the Greece situation was overblown), (Just makes great headlines and sells news feeds).[/quote]well, again, I think erroring on the side of caution isn’t a bad thing. Just don’t let the negativity lead you down a rat hole. How many people here were expecting 50% off in Carmel Valley/Del Mar/LJ after already seeing a 25% decline? And yet they still waited for an additional 50+%?
None of this really matters over the longer period if I think you just remain consistent.
CoronitaParticipant[quote=paramount][quote=flu]I’m still amazed that doomsayers exist on this board despite all the years of what we’ve gone through and years and years of how the Fed are expert can kickers.
Warning: adopting a doomsayer viewpoint can be hazardous to one’s financial health. It’s almost as destructive as being a perma-bull.[/quote]
I believe you may have a negativity bias. This is about data, not doom.
Things that are said that may be contrary to your beliefs (political or otherwise) are not necessarily negative.
This a former (recently) fed official telling you the fed is running out of options.
This is a fed official telling you the fed goosed the markets.
It is what it is…[/quote]
No offense, but I recall a time when you were telling people how horrible it was to own a home in temecula and how the world iin riverside was crashing down to an abss, and then when prices started going up, you quickly flipfloppd your opinion. So i don’t think any of that was based on data, but rather emotions.
CoronitaParticipant[quote=TeCKis300]So your post has me chasing my itch again.
I’ve been without a track toy since I’ve upgraded my fun car/daily driver to too much car. I won’t say specifically what it is as people will judge, but what the heck, it will give you some context. Besides my coworkers have all judged me already as having my priorities all wrong =P. It’s a P car, Turbo.
It’s great fun on the street. It’s crack to me really. But it’s again, too much car to put on the track in terms of sentimental value, consumables, maintenance, and risk to my health (it’s got even bigger turbo’s than stock).
I’ve been pondering a Boxter for awhile. This thread I think is a great read (ignore the forum) – http://www.trackhq.com/forums/f303/350z-miata-track-4866/. Flu, you already have the perfect car.
Now I’m pondering an S2K, if only for the variety against a P-car and I’ve always liked itss style.[/quote]
The s2k is a pretty good car. But for me at the time, at the time it was expensive to have for something that I considered a “throw away car”, which the $2000 miata is what I considered as. Then I stuck $1000 in suspension, $5000 on a supercharger, and switched to wider rims, and pretty soon the miata is not such a throwaway anymore. Well, I guess it still is. In the event it’s totaled, I guess hopefully I can salvage the suspension, wheels, and supercharger.
The Boxster BSX is supposedly pretty reliable. The only thing I don’t like is that if you do need to do something with it, I think anything more than an oil change, you’ll probably need to drop the entire engine out, which for a garage mechanic it isn’t possible unless your garage has a lift.
I came really close to buying a 911s…That was preempted by the availability of a condo short sales…And then I was seriously thinking about a GT4 and calling places to get an order in…And then it dawned on me, that I would of a never drive it on a track.
January 10, 2016 at 9:49 AM in reply to: MIT Enterprise Forum for students and parents interested in STEM programs and entrepreneurial opportunities #793095CoronitaParticipantThen again, kids here shouldn’t care anymore.
Afterall, everything going to get outsourced to india and china. And everything going to get replaced by robots.
If people really believe the two things above, they shouldn’t bother their kids with STEMs.
CoronitaParticipantI’m still amazed that doomsayers exist on this board despite all the years of what we’ve gone through and years and years of how the Fed are expert can kickers.
Warning: adopting a doomsayer viewpoint can be hazardous to one’s financial health. It’s almost as destructive as being a perma-bull.
CoronitaParticipantThe point is, if you’re still looking to buy a house in North County, it sucks bigtime still. Maybe even worse… I think worrying about whether to buy next to islamic center is the least of your concerns. Finding something in inventory is a much bigger problem.
Everything else is just noise.
CoronitaParticipantWell, back to the original OP’s post. As a reflection of his frustration for the (lack of ) inventory. It seems like if he didn’t manage to buy yet, his frustration is probably at an all time high….
Because inventory where he wants to buy is at a pretty low point…
http://www.sdlookup.com/Market-92130-Carmel_Valley
95 SFH only…..ouch..And just looking at them, many of them are $1.7m+
CoronitaParticipantOh. And I didn’t kniw the powerball was a $2 ticket. I assumed it was $1. But the good news is even if you bought every single number at $2/you would still come out ahead if you are the only winner with the current jackpot
…well I guess that depends if you can write off the cost of your lottery tickets as a business and or investment expense and use it to offset your gain from winning.otherwise, if you can’t write it off, you will probably not come out ahead after taxes.
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