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stockstradr
ParticipantI’m sure you’ll laugh at me but I am also a man who is a big coupon-clipper. I agree with fat_lazy_union_worker that you can SAVE BIG with coupons, albeit on a very limited set of items for which coupons regularly appear.
For a year I’ve been showing my wife about the fun of using coupons and she’s finally getting into the fun of it. Each weekend about five different newspapers land on our stoop, and I clip coupons after reading the financial news. We have a manila folder completely stuffed with coupons, which we pick through for deals while shopping.
My wife has finally seen the light of the cheapskate lifestyle by watching me weekly do the Double Slam (manufacturer coupons combined with a grocery story coupon) to get $3 or $4 priced items for less than a DIME each.
One typical example are the triple and quad-blade shavers for men and women. Some suppliers have had a hard time selling those expensive shavers, so they have resorted to coupons offering $3 or even $4 off a package of one or two quantity of those razors. Combined with the occasional store discounts (Wal-Mart or Target), my wife and I have been getting those 3-blade or 4-blade razors for about $0.10 each.
Plus you OFTEN have the added benefit that those moronic Wal-Mart checkout people won’t even check the coupon expiration dates or even notice when two coupons cannot be used together. And they often get confused by coupons and invariably make a mistake on our order that is very much in our favor.
We like to make being cheap a Way of Life!
We are also brutal on the grocery stores when it comes to attacking their “loss-leader” specials on select items. Von’s or Safeway might once every three months have a coupon in their ad sheet for say five lbs of sugar for $0.50. We’ll go use five of those coupons separately to buy twenty-five lbs of sugar for $2.50. We are such cheapskates.
You know how I learned to be a cheapskate shopper? Hanging around with Chinese people who came from mainland China! They are unbelievably skilled at saving money. The older ones lived through Mao’s horrible famine from the spring of 1959 and the end of 1961 when some 30 million Chinese starved to death. Honestly, these people will show you how to eat in America for about a dollar a day.
stockstradr
ParticipantI’m sure you’ll laugh at me but I am also a man who is a big coupon-clipper. I agree with fat_lazy_union_worker that you can SAVE BIG with coupons, albeit on a very limited set of items for which coupons regularly appear.
For a year I’ve been showing my wife about the fun of using coupons and she’s finally getting into the fun of it. Each weekend about five different newspapers land on our stoop, and I clip coupons after reading the financial news. We have a manila folder completely stuffed with coupons, which we pick through for deals while shopping.
My wife has finally seen the light of the cheapskate lifestyle by watching me weekly do the Double Slam (manufacturer coupons combined with a grocery story coupon) to get $3 or $4 priced items for less than a DIME each.
One typical example are the triple and quad-blade shavers for men and women. Some suppliers have had a hard time selling those expensive shavers, so they have resorted to coupons offering $3 or even $4 off a package of one or two quantity of those razors. Combined with the occasional store discounts (Wal-Mart or Target), my wife and I have been getting those 3-blade or 4-blade razors for about $0.10 each.
Plus you OFTEN have the added benefit that those moronic Wal-Mart checkout people won’t even check the coupon expiration dates or even notice when two coupons cannot be used together. And they often get confused by coupons and invariably make a mistake on our order that is very much in our favor.
We like to make being cheap a Way of Life!
We are also brutal on the grocery stores when it comes to attacking their “loss-leader” specials on select items. Von’s or Safeway might once every three months have a coupon in their ad sheet for say five lbs of sugar for $0.50. We’ll go use five of those coupons separately to buy twenty-five lbs of sugar for $2.50. We are such cheapskates.
You know how I learned to be a cheapskate shopper? Hanging around with Chinese people who came from mainland China! They are unbelievably skilled at saving money. The older ones lived through Mao’s horrible famine from the spring of 1959 and the end of 1961 when some 30 million Chinese starved to death. Honestly, these people will show you how to eat in America for about a dollar a day.
stockstradr
ParticipantI guess I’m obliged toss my opinion into the ring, as I’ve been the Oil Bear on this Forum for over a year now.
I incorrectly predicted that $85/bbl was the top, and I started shorting the Oil and Gas Index then. I slightly redeemed myself later by RE-guessing that $135/bbl was the actual top. I got that right, telling several friends correctly to short oil at $140/bbl. They have made some good money already. I didn’t double-down my short oil index position at $140 on the basic principle of not throwing more good money at a bad bet, and because I would have been elevating my portfolio risk to an insane level.
My short Oil Index position is now almost flat even, which is nothing to brag about for 7% of my portfolio sitting doing nothing for a year.
Also, I must credit the overall stock markets for falling 20%, further depressing oil stocks, so putting me near a net flat position, even though oil has come nowhere near the original $85/bbl price at which I starting shorting oil and gas industry stocks.
I no longer am confident (no surprise) that oil will hit $60/bbl. When oil hits about $100/bbl, I plan to SELL my short Oil & Gas Index ETF (“DUG”) and START BUYING oil stocks.
There are countless scary risk factors that could appear at any moment and double the price of oil within a few weeks. Of these, I’m most afraid that Israel will attack Iran which I believe would almost immediately send oil over $200/bbl.
Those risk factors are why I just want to GET OUT of my short oil index positions as soon as I’m net flat on that risky “investment”
I credit our wise and experienced financial Sage, Rich Toscano, for having warned me long ago not to take short positions on oil at $85/bbl. Rich’s advice, as always, is spot-on.
stockstradr
ParticipantI guess I’m obliged toss my opinion into the ring, as I’ve been the Oil Bear on this Forum for over a year now.
I incorrectly predicted that $85/bbl was the top, and I started shorting the Oil and Gas Index then. I slightly redeemed myself later by RE-guessing that $135/bbl was the actual top. I got that right, telling several friends correctly to short oil at $140/bbl. They have made some good money already. I didn’t double-down my short oil index position at $140 on the basic principle of not throwing more good money at a bad bet, and because I would have been elevating my portfolio risk to an insane level.
My short Oil Index position is now almost flat even, which is nothing to brag about for 7% of my portfolio sitting doing nothing for a year.
Also, I must credit the overall stock markets for falling 20%, further depressing oil stocks, so putting me near a net flat position, even though oil has come nowhere near the original $85/bbl price at which I starting shorting oil and gas industry stocks.
I no longer am confident (no surprise) that oil will hit $60/bbl. When oil hits about $100/bbl, I plan to SELL my short Oil & Gas Index ETF (“DUG”) and START BUYING oil stocks.
There are countless scary risk factors that could appear at any moment and double the price of oil within a few weeks. Of these, I’m most afraid that Israel will attack Iran which I believe would almost immediately send oil over $200/bbl.
Those risk factors are why I just want to GET OUT of my short oil index positions as soon as I’m net flat on that risky “investment”
I credit our wise and experienced financial Sage, Rich Toscano, for having warned me long ago not to take short positions on oil at $85/bbl. Rich’s advice, as always, is spot-on.
stockstradr
ParticipantI guess I’m obliged toss my opinion into the ring, as I’ve been the Oil Bear on this Forum for over a year now.
I incorrectly predicted that $85/bbl was the top, and I started shorting the Oil and Gas Index then. I slightly redeemed myself later by RE-guessing that $135/bbl was the actual top. I got that right, telling several friends correctly to short oil at $140/bbl. They have made some good money already. I didn’t double-down my short oil index position at $140 on the basic principle of not throwing more good money at a bad bet, and because I would have been elevating my portfolio risk to an insane level.
My short Oil Index position is now almost flat even, which is nothing to brag about for 7% of my portfolio sitting doing nothing for a year.
Also, I must credit the overall stock markets for falling 20%, further depressing oil stocks, so putting me near a net flat position, even though oil has come nowhere near the original $85/bbl price at which I starting shorting oil and gas industry stocks.
I no longer am confident (no surprise) that oil will hit $60/bbl. When oil hits about $100/bbl, I plan to SELL my short Oil & Gas Index ETF (“DUG”) and START BUYING oil stocks.
There are countless scary risk factors that could appear at any moment and double the price of oil within a few weeks. Of these, I’m most afraid that Israel will attack Iran which I believe would almost immediately send oil over $200/bbl.
Those risk factors are why I just want to GET OUT of my short oil index positions as soon as I’m net flat on that risky “investment”
I credit our wise and experienced financial Sage, Rich Toscano, for having warned me long ago not to take short positions on oil at $85/bbl. Rich’s advice, as always, is spot-on.
stockstradr
ParticipantI guess I’m obliged toss my opinion into the ring, as I’ve been the Oil Bear on this Forum for over a year now.
I incorrectly predicted that $85/bbl was the top, and I started shorting the Oil and Gas Index then. I slightly redeemed myself later by RE-guessing that $135/bbl was the actual top. I got that right, telling several friends correctly to short oil at $140/bbl. They have made some good money already. I didn’t double-down my short oil index position at $140 on the basic principle of not throwing more good money at a bad bet, and because I would have been elevating my portfolio risk to an insane level.
My short Oil Index position is now almost flat even, which is nothing to brag about for 7% of my portfolio sitting doing nothing for a year.
Also, I must credit the overall stock markets for falling 20%, further depressing oil stocks, so putting me near a net flat position, even though oil has come nowhere near the original $85/bbl price at which I starting shorting oil and gas industry stocks.
I no longer am confident (no surprise) that oil will hit $60/bbl. When oil hits about $100/bbl, I plan to SELL my short Oil & Gas Index ETF (“DUG”) and START BUYING oil stocks.
There are countless scary risk factors that could appear at any moment and double the price of oil within a few weeks. Of these, I’m most afraid that Israel will attack Iran which I believe would almost immediately send oil over $200/bbl.
Those risk factors are why I just want to GET OUT of my short oil index positions as soon as I’m net flat on that risky “investment”
I credit our wise and experienced financial Sage, Rich Toscano, for having warned me long ago not to take short positions on oil at $85/bbl. Rich’s advice, as always, is spot-on.
stockstradr
ParticipantI guess I’m obliged toss my opinion into the ring, as I’ve been the Oil Bear on this Forum for over a year now.
I incorrectly predicted that $85/bbl was the top, and I started shorting the Oil and Gas Index then. I slightly redeemed myself later by RE-guessing that $135/bbl was the actual top. I got that right, telling several friends correctly to short oil at $140/bbl. They have made some good money already. I didn’t double-down my short oil index position at $140 on the basic principle of not throwing more good money at a bad bet, and because I would have been elevating my portfolio risk to an insane level.
My short Oil Index position is now almost flat even, which is nothing to brag about for 7% of my portfolio sitting doing nothing for a year.
Also, I must credit the overall stock markets for falling 20%, further depressing oil stocks, so putting me near a net flat position, even though oil has come nowhere near the original $85/bbl price at which I starting shorting oil and gas industry stocks.
I no longer am confident (no surprise) that oil will hit $60/bbl. When oil hits about $100/bbl, I plan to SELL my short Oil & Gas Index ETF (“DUG”) and START BUYING oil stocks.
There are countless scary risk factors that could appear at any moment and double the price of oil within a few weeks. Of these, I’m most afraid that Israel will attack Iran which I believe would almost immediately send oil over $200/bbl.
Those risk factors are why I just want to GET OUT of my short oil index positions as soon as I’m net flat on that risky “investment”
I credit our wise and experienced financial Sage, Rich Toscano, for having warned me long ago not to take short positions on oil at $85/bbl. Rich’s advice, as always, is spot-on.
stockstradr
ParticipantI absolutely agree with the angle to this thread.
There is something very seriously wrong happening in our country, and a key aspect of it is the immigration issue.
It is reaching the point of No Return, because politicians are now afraid to even enforce the immigration laws due to the political weight of the numbers of Hispanics now in this country (illegal and otherwise).
Cops in many of our cities cannot even check if a someone caught committing a crime is an illegal immigrant.
stockstradr
ParticipantI absolutely agree with the angle to this thread.
There is something very seriously wrong happening in our country, and a key aspect of it is the immigration issue.
It is reaching the point of No Return, because politicians are now afraid to even enforce the immigration laws due to the political weight of the numbers of Hispanics now in this country (illegal and otherwise).
Cops in many of our cities cannot even check if a someone caught committing a crime is an illegal immigrant.
stockstradr
ParticipantI absolutely agree with the angle to this thread.
There is something very seriously wrong happening in our country, and a key aspect of it is the immigration issue.
It is reaching the point of No Return, because politicians are now afraid to even enforce the immigration laws due to the political weight of the numbers of Hispanics now in this country (illegal and otherwise).
Cops in many of our cities cannot even check if a someone caught committing a crime is an illegal immigrant.
stockstradr
ParticipantI absolutely agree with the angle to this thread.
There is something very seriously wrong happening in our country, and a key aspect of it is the immigration issue.
It is reaching the point of No Return, because politicians are now afraid to even enforce the immigration laws due to the political weight of the numbers of Hispanics now in this country (illegal and otherwise).
Cops in many of our cities cannot even check if a someone caught committing a crime is an illegal immigrant.
stockstradr
ParticipantI absolutely agree with the angle to this thread.
There is something very seriously wrong happening in our country, and a key aspect of it is the immigration issue.
It is reaching the point of No Return, because politicians are now afraid to even enforce the immigration laws due to the political weight of the numbers of Hispanics now in this country (illegal and otherwise).
Cops in many of our cities cannot even check if a someone caught committing a crime is an illegal immigrant.
stockstradr
ParticipantIf the dollar continues its’ downward trend and real estate continues to be more appealing to the foreign investor what will stop an investment group from Europe or Middle East to work a deal out with multiple banks to buy…
I truncated your post after “buy” because I like most of what you wrote up to that word. You are on the right track in anticipating the action of foreign monies, but you are mistaken in thinking it will primarily be spent on housing – and you are mistaken in thinking the coming transfer of wealth and economic power (from USA to foreign nations) is a result of our housing downturn.
This is a complex topic and I suggest you read Anne Korin over at http://www.iags.org/
She’s covered the complexities of the topic far far better than I can.
Anne sees an inevitable and massive transfer of power and money to oil producing nations, unless we (USA) break our addition to oil.
Foreign money is not after our homes. Something far more sinister is in play.
Sovereign funds of wealthy oil producing nations are making strategic political and economic investments in America, and the goal is power and control.Now they may occasionally spend some billions buying corporate buildings in premier locations in American cities, such as in Manhattan, but again that’s not their primary acquisition goal.
Instead, they are using this very recession as a great opportunity to buy powerful ownership positions in the key power institutions of America. These are opportunities that would normally be politically blocked for them were it not for a recession (and credit crunch) pushing key American institutions to bankruptcy. Who do you think sits on the board of Sovereign Funds in oil-producing nations? These are not private citizen businessmen, like we have on corporate boards here in the USA.
The reason I find this topic VERY interesting is that I try to study global trends like this and look for opportunities for investing by figuring out which way and where will the huge flows of money be moving five or ten years from now.
stockstradr
ParticipantIf the dollar continues its’ downward trend and real estate continues to be more appealing to the foreign investor what will stop an investment group from Europe or Middle East to work a deal out with multiple banks to buy…
I truncated your post after “buy” because I like most of what you wrote up to that word. You are on the right track in anticipating the action of foreign monies, but you are mistaken in thinking it will primarily be spent on housing – and you are mistaken in thinking the coming transfer of wealth and economic power (from USA to foreign nations) is a result of our housing downturn.
This is a complex topic and I suggest you read Anne Korin over at http://www.iags.org/
She’s covered the complexities of the topic far far better than I can.
Anne sees an inevitable and massive transfer of power and money to oil producing nations, unless we (USA) break our addition to oil.
Foreign money is not after our homes. Something far more sinister is in play.
Sovereign funds of wealthy oil producing nations are making strategic political and economic investments in America, and the goal is power and control.Now they may occasionally spend some billions buying corporate buildings in premier locations in American cities, such as in Manhattan, but again that’s not their primary acquisition goal.
Instead, they are using this very recession as a great opportunity to buy powerful ownership positions in the key power institutions of America. These are opportunities that would normally be politically blocked for them were it not for a recession (and credit crunch) pushing key American institutions to bankruptcy. Who do you think sits on the board of Sovereign Funds in oil-producing nations? These are not private citizen businessmen, like we have on corporate boards here in the USA.
The reason I find this topic VERY interesting is that I try to study global trends like this and look for opportunities for investing by figuring out which way and where will the huge flows of money be moving five or ten years from now.
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