[moneymaker]

I just realized this morning that investing is truly analagous to surfing. Everybody is out there hoping for the big one. Only if you are skilled, in the right place ,at the right time and know how to paddle(work it) then you can catch a pretty nice ride. Everybody else is just bobbing with the swell. My experience tells me that when 2 waves are too close together they tend to cannabalize each other, oh yeah by the way I just drank a landshark beer, So! Many a time I have caught that first big wave only to find out that there is a whole set of waves coming in behind it. Analogously if you invest too much money in opportunity A then you miss opportunity B,C and D. Now the trick is when do you start counting waves. Generally there will be a calm,or sucking sound(like right before the tsunami), I call it the trough. I think we had a trough in 2008, then stocks went up(wave#1), then gold went up(wave#2), now we are ready for wave #3, except as every surfer knows you still have to look out over the horizon to see if that big one is really coming. And if it is sometimes you have to paddle pretty hard to get out there and meet it before it crashes down on top of you. My guess is that wave #3 is wait… wait… yes… real estate. For an investor now is probably a good time to invest. Now I don’t have a clue about the location, perhaps not San Diego but my gut tells me interest rates aren’t going much lower.

[moneymaker]

I just realized this morning that investing is truly analagous to surfing. Everybody is out there hoping for the big one. Only if you are skilled, in the right place ,at the right time and know how to paddle(work it) then you can catch a pretty nice ride. Everybody else is just bobbing with the swell. My experience tells me that when 2 waves are too close together they tend to cannabalize each other, oh yeah by the way I just drank a landshark beer, So! Many a time I have caught that first big wave only to find out that there is a whole set of waves coming in behind it. Analogously if you invest too much money in opportunity A then you miss opportunity B,C and D. Now the trick is when do you start counting waves. Generally there will be a calm,or sucking sound(like right before the tsunami), I call it the trough. I think we had a trough in 2008, then stocks went up(wave#1), then gold went up(wave#2), now we are ready for wave #3, except as every surfer knows you still have to look out over the horizon to see if that big one is really coming. And if it is sometimes you have to paddle pretty hard to get out there and meet it before it crashes down on top of you. My guess is that wave #3 is wait… wait… yes… real estate. For an investor now is probably a good time to invest. Now I don’t have a clue about the location, perhaps not San Diego but my gut tells me interest rates aren’t going much lower.

[moneymaker]

I just realized this morning that investing is truly analagous to surfing. Everybody is out there hoping for the big one. Only if you are skilled, in the right place ,at the right time and know how to paddle(work it) then you can catch a pretty nice ride. Everybody else is just bobbing with the swell. My experience tells me that when 2 waves are too close together they tend to cannabalize each other, oh yeah by the way I just drank a landshark beer, So! Many a time I have caught that first big wave only to find out that there is a whole set of waves coming in behind it. Analogously if you invest too much money in opportunity A then you miss opportunity B,C and D. Now the trick is when do you start counting waves. Generally there will be a calm,or sucking sound(like right before the tsunami), I call it the trough. I think we had a trough in 2008, then stocks went up(wave#1), then gold went up(wave#2), now we are ready for wave #3, except as every surfer knows you still have to look out over the horizon to see if that big one is really coming. And if it is sometimes you have to paddle pretty hard to get out there and meet it before it crashes down on top of you. My guess is that wave #3 is wait… wait… yes… real estate. For an investor now is probably a good time to invest. Now I don’t have a clue about the location, perhaps not San Diego but my gut tells me interest rates aren’t going much lower.

[moneymaker]

My idea about getting rid of the 401K penalty for paying down the mortgage or down payment on a house would at least put some skin in the game for homeowners/buyers.I’m not talking loan or gift but some relaxing of the rules. It would even benefit the government with more tax revenue. Right now the only way it can be done is with a loan or penalty(if no longer employed by administrator of plan). I think it is a win-win idea, I personally would not benefit from the idea but many would. Would it hurt the stock market? Probably a little but I think the market right now is strong enough to handle it.

[moneymaker]

My idea about getting rid of the 401K penalty for paying down the mortgage or down payment on a house would at least put some skin in the game for homeowners/buyers.I’m not talking loan or gift but some relaxing of the rules. It would even benefit the government with more tax revenue. Right now the only way it can be done is with a loan or penalty(if no longer employed by administrator of plan). I think it is a win-win idea, I personally would not benefit from the idea but many would. Would it hurt the stock market? Probably a little but I think the market right now is strong enough to handle it.

[moneymaker]

My idea about getting rid of the 401K penalty for paying down the mortgage or down payment on a house would at least put some skin in the game for homeowners/buyers.I’m not talking loan or gift but some relaxing of the rules. It would even benefit the government with more tax revenue. Right now the only way it can be done is with a loan or penalty(if no longer employed by administrator of plan). I think it is a win-win idea, I personally would not benefit from the idea but many would. Would it hurt the stock market? Probably a little but I think the market right now is strong enough to handle it.

[moneymaker]

My idea about getting rid of the 401K penalty for paying down the mortgage or down payment on a house would at least put some skin in the game for homeowners/buyers.I’m not talking loan or gift but some relaxing of the rules. It would even benefit the government with more tax revenue. Right now the only way it can be done is with a loan or penalty(if no longer employed by administrator of plan). I think it is a win-win idea, I personally would not benefit from the idea but many would. Would it hurt the stock market? Probably a little but I think the market right now is strong enough to handle it.

[moneymaker]

My idea about getting rid of the 401K penalty for paying down the mortgage or down payment on a house would at least put some skin in the game for homeowners/buyers.I’m not talking loan or gift but some relaxing of the rules. It would even benefit the government with more tax revenue. Right now the only way it can be done is with a loan or penalty(if no longer employed by administrator of plan). I think it is a win-win idea, I personally would not benefit from the idea but many would. Would it hurt the stock market? Probably a little but I think the market right now is strong enough to handle it.

[moneymaker]

Had an idea yesterdayish. The government should allow people to withdraw from their 401k without penalty (not without taxes however) as long as it is used to pay down a mortgage. That way people that are under water can qualify for a refi. I know somebody that would like to refi but the bank says he would have to bring money to the table. Money he obviously doesn’t have, like many people. Another twist on the old axiom that you need money to make money.

[moneymaker]

Had an idea yesterdayish. The government should allow people to withdraw from their 401k without penalty (not without taxes however) as long as it is used to pay down a mortgage. That way people that are under water can qualify for a refi. I know somebody that would like to refi but the bank says he would have to bring money to the table. Money he obviously doesn’t have, like many people. Another twist on the old axiom that you need money to make money.

[moneymaker]

Had an idea yesterdayish. The government should allow people to withdraw from their 401k without penalty (not without taxes however) as long as it is used to pay down a mortgage. That way people that are under water can qualify for a refi. I know somebody that would like to refi but the bank says he would have to bring money to the table. Money he obviously doesn’t have, like many people. Another twist on the old axiom that you need money to make money.

[moneymaker]

Had an idea yesterdayish. The government should allow people to withdraw from their 401k without penalty (not without taxes however) as long as it is used to pay down a mortgage. That way people that are under water can qualify for a refi. I know somebody that would like to refi but the bank says he would have to bring money to the table. Money he obviously doesn’t have, like many people. Another twist on the old axiom that you need money to make money.

[moneymaker]

Had an idea yesterdayish. The government should allow people to withdraw from their 401k without penalty (not without taxes however) as long as it is used to pay down a mortgage. That way people that are under water can qualify for a refi. I know somebody that would like to refi but the bank says he would have to bring money to the table. Money he obviously doesn’t have, like many people. Another twist on the old axiom that you need money to make money.

[moneymaker]

Tonight I picked up 8 pieces of chicken,1 lb. of macaroni salad, 1 lb. of waldorf salad, 4 Kings Hawaiian rolls and a 2liter bottle of Dr.Pepper for $7.99 + tax. not a bad deal. I wonder if Albertson’s will still have that deal during the strike?

[moneymaker]

Tonight I picked up 8 pieces of chicken,1 lb. of macaroni salad, 1 lb. of waldorf salad, 4 Kings Hawaiian rolls and a 2liter bottle of Dr.Pepper for $7.99 + tax. not a bad deal. I wonder if Albertson’s will still have that deal during the strike?

[Author]

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