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TheBreeze
Participant[quote=SD Realtor]Of course you are Allan. Come on now, you could not have earned 250k through hard work could you? [/quote]
Hard work? Don’t make me laugh. We don’t pay for hard work in this country, we pay for either smart work or for fraud. Under George Bush, fraud paid off big time. Fraud-committing bankers and wall streeters made out big time under Bush
Who works harder, the strawberry picker out in the fields from sun-up to sun-down or your typical white-collar worker? Which would you rather be? I’ll take my white-collar job, thank you very much, even if I do have to occasionally sit on my ass in front of a computer for 50- to 60-hours per week. Your typical white-collar worker wouldn’t last one day in the fields.
White-collar workers have no idea what it means to work hard. Sitting in front of a computer in an air-conditioned office is not hard. Being out in the fields all day with no health insurance is hard.
TheBreeze
Participant[quote=SD Realtor]Of course you are Allan. Come on now, you could not have earned 250k through hard work could you? [/quote]
Hard work? Don’t make me laugh. We don’t pay for hard work in this country, we pay for either smart work or for fraud. Under George Bush, fraud paid off big time. Fraud-committing bankers and wall streeters made out big time under Bush
Who works harder, the strawberry picker out in the fields from sun-up to sun-down or your typical white-collar worker? Which would you rather be? I’ll take my white-collar job, thank you very much, even if I do have to occasionally sit on my ass in front of a computer for 50- to 60-hours per week. Your typical white-collar worker wouldn’t last one day in the fields.
White-collar workers have no idea what it means to work hard. Sitting in front of a computer in an air-conditioned office is not hard. Being out in the fields all day with no health insurance is hard.
TheBreeze
Participant[quote=SD Realtor]Of course you are Allan. Come on now, you could not have earned 250k through hard work could you? [/quote]
Hard work? Don’t make me laugh. We don’t pay for hard work in this country, we pay for either smart work or for fraud. Under George Bush, fraud paid off big time. Fraud-committing bankers and wall streeters made out big time under Bush
Who works harder, the strawberry picker out in the fields from sun-up to sun-down or your typical white-collar worker? Which would you rather be? I’ll take my white-collar job, thank you very much, even if I do have to occasionally sit on my ass in front of a computer for 50- to 60-hours per week. Your typical white-collar worker wouldn’t last one day in the fields.
White-collar workers have no idea what it means to work hard. Sitting in front of a computer in an air-conditioned office is not hard. Being out in the fields all day with no health insurance is hard.
TheBreeze
Participant[quote=SD Realtor]Of course you are Allan. Come on now, you could not have earned 250k through hard work could you? [/quote]
Hard work? Don’t make me laugh. We don’t pay for hard work in this country, we pay for either smart work or for fraud. Under George Bush, fraud paid off big time. Fraud-committing bankers and wall streeters made out big time under Bush
Who works harder, the strawberry picker out in the fields from sun-up to sun-down or your typical white-collar worker? Which would you rather be? I’ll take my white-collar job, thank you very much, even if I do have to occasionally sit on my ass in front of a computer for 50- to 60-hours per week. Your typical white-collar worker wouldn’t last one day in the fields.
White-collar workers have no idea what it means to work hard. Sitting in front of a computer in an air-conditioned office is not hard. Being out in the fields all day with no health insurance is hard.
February 21, 2009 at 6:19 PM in reply to: A Different Take on the Mortgage Bail-out/Keeping People in Their Homes … The Long Term Effect #351561TheBreeze
ParticipantGood grief. All of these people could have rented. If they get foreclosed, they can still rent and will likely be in a better place financially. All of this sympathy and bailout money going to greedy FBs is just ridiculous.
I feel much more sympathy for someone who gets evicted. Those people are much more likely to end up on the street than a family of FBs who have at least 9 months of no housing payment before they get kicked out.
February 21, 2009 at 6:19 PM in reply to: A Different Take on the Mortgage Bail-out/Keeping People in Their Homes … The Long Term Effect #351875TheBreeze
ParticipantGood grief. All of these people could have rented. If they get foreclosed, they can still rent and will likely be in a better place financially. All of this sympathy and bailout money going to greedy FBs is just ridiculous.
I feel much more sympathy for someone who gets evicted. Those people are much more likely to end up on the street than a family of FBs who have at least 9 months of no housing payment before they get kicked out.
February 21, 2009 at 6:19 PM in reply to: A Different Take on the Mortgage Bail-out/Keeping People in Their Homes … The Long Term Effect #352001TheBreeze
ParticipantGood grief. All of these people could have rented. If they get foreclosed, they can still rent and will likely be in a better place financially. All of this sympathy and bailout money going to greedy FBs is just ridiculous.
I feel much more sympathy for someone who gets evicted. Those people are much more likely to end up on the street than a family of FBs who have at least 9 months of no housing payment before they get kicked out.
February 21, 2009 at 6:19 PM in reply to: A Different Take on the Mortgage Bail-out/Keeping People in Their Homes … The Long Term Effect #352034TheBreeze
ParticipantGood grief. All of these people could have rented. If they get foreclosed, they can still rent and will likely be in a better place financially. All of this sympathy and bailout money going to greedy FBs is just ridiculous.
I feel much more sympathy for someone who gets evicted. Those people are much more likely to end up on the street than a family of FBs who have at least 9 months of no housing payment before they get kicked out.
February 21, 2009 at 6:19 PM in reply to: A Different Take on the Mortgage Bail-out/Keeping People in Their Homes … The Long Term Effect #352135TheBreeze
ParticipantGood grief. All of these people could have rented. If they get foreclosed, they can still rent and will likely be in a better place financially. All of this sympathy and bailout money going to greedy FBs is just ridiculous.
I feel much more sympathy for someone who gets evicted. Those people are much more likely to end up on the street than a family of FBs who have at least 9 months of no housing payment before they get kicked out.
TheBreeze
ParticipantBeware guys. I just bought some SLV (Silver ETF).
GET OUT NOW WHY YOU STILL CAN!
Actually, believe it or not, I got out of the original trade in the first post on the same day I posted this with a small gain. It was one of my few winning trades in the last year or so.
Unfortunately, the 100 shares of USO (oil ETF) I bought a few months ago at $50 is now under $24. Good thing I didn’t continue with my plan to dollar-cost average into 500 shares. That would have been bad.
My 401(k) is still getting schlammered. I had originally thought the DOW would only go down to 10K. Now it’s looking more like 5K. We may see the same 90% decline in the stock market that was seen in the Great Depression, but instead of happening in a year or so, it could take 10 years thanks to the political jokers in charge.
Some legendary investors have been creamed in this stock market: Jim Rogers (commodities have done worse than stocks), Warren Buffet (is he getting too old?), I’m sure many others.
I recently read the book Fooled by Randomness. The author makes some great points about how dollar-cost-averaging into the U.S. market was a winner, but dollar-cost-averaging into most other markets (Imperial Russia, etc) would have made a person broke. It’s really made me rethink my DCA strategy in my 401(k).
It was also interesting to read about all the traders who happened to hit upon successful strategies that would last a few years and then it seems like they would all end up blowing up in less than a week. BOOM! Outta’ the trading business.
I’ve picked up some other investing books recently. I plan to move to a much shorter-term strategy outside of my 401(k). I figure it’s better to take a small short-term gain (or loss) than a large long-term loss.
TheBreeze
ParticipantBeware guys. I just bought some SLV (Silver ETF).
GET OUT NOW WHY YOU STILL CAN!
Actually, believe it or not, I got out of the original trade in the first post on the same day I posted this with a small gain. It was one of my few winning trades in the last year or so.
Unfortunately, the 100 shares of USO (oil ETF) I bought a few months ago at $50 is now under $24. Good thing I didn’t continue with my plan to dollar-cost average into 500 shares. That would have been bad.
My 401(k) is still getting schlammered. I had originally thought the DOW would only go down to 10K. Now it’s looking more like 5K. We may see the same 90% decline in the stock market that was seen in the Great Depression, but instead of happening in a year or so, it could take 10 years thanks to the political jokers in charge.
Some legendary investors have been creamed in this stock market: Jim Rogers (commodities have done worse than stocks), Warren Buffet (is he getting too old?), I’m sure many others.
I recently read the book Fooled by Randomness. The author makes some great points about how dollar-cost-averaging into the U.S. market was a winner, but dollar-cost-averaging into most other markets (Imperial Russia, etc) would have made a person broke. It’s really made me rethink my DCA strategy in my 401(k).
It was also interesting to read about all the traders who happened to hit upon successful strategies that would last a few years and then it seems like they would all end up blowing up in less than a week. BOOM! Outta’ the trading business.
I’ve picked up some other investing books recently. I plan to move to a much shorter-term strategy outside of my 401(k). I figure it’s better to take a small short-term gain (or loss) than a large long-term loss.
TheBreeze
ParticipantBeware guys. I just bought some SLV (Silver ETF).
GET OUT NOW WHY YOU STILL CAN!
Actually, believe it or not, I got out of the original trade in the first post on the same day I posted this with a small gain. It was one of my few winning trades in the last year or so.
Unfortunately, the 100 shares of USO (oil ETF) I bought a few months ago at $50 is now under $24. Good thing I didn’t continue with my plan to dollar-cost average into 500 shares. That would have been bad.
My 401(k) is still getting schlammered. I had originally thought the DOW would only go down to 10K. Now it’s looking more like 5K. We may see the same 90% decline in the stock market that was seen in the Great Depression, but instead of happening in a year or so, it could take 10 years thanks to the political jokers in charge.
Some legendary investors have been creamed in this stock market: Jim Rogers (commodities have done worse than stocks), Warren Buffet (is he getting too old?), I’m sure many others.
I recently read the book Fooled by Randomness. The author makes some great points about how dollar-cost-averaging into the U.S. market was a winner, but dollar-cost-averaging into most other markets (Imperial Russia, etc) would have made a person broke. It’s really made me rethink my DCA strategy in my 401(k).
It was also interesting to read about all the traders who happened to hit upon successful strategies that would last a few years and then it seems like they would all end up blowing up in less than a week. BOOM! Outta’ the trading business.
I’ve picked up some other investing books recently. I plan to move to a much shorter-term strategy outside of my 401(k). I figure it’s better to take a small short-term gain (or loss) than a large long-term loss.
TheBreeze
ParticipantBeware guys. I just bought some SLV (Silver ETF).
GET OUT NOW WHY YOU STILL CAN!
Actually, believe it or not, I got out of the original trade in the first post on the same day I posted this with a small gain. It was one of my few winning trades in the last year or so.
Unfortunately, the 100 shares of USO (oil ETF) I bought a few months ago at $50 is now under $24. Good thing I didn’t continue with my plan to dollar-cost average into 500 shares. That would have been bad.
My 401(k) is still getting schlammered. I had originally thought the DOW would only go down to 10K. Now it’s looking more like 5K. We may see the same 90% decline in the stock market that was seen in the Great Depression, but instead of happening in a year or so, it could take 10 years thanks to the political jokers in charge.
Some legendary investors have been creamed in this stock market: Jim Rogers (commodities have done worse than stocks), Warren Buffet (is he getting too old?), I’m sure many others.
I recently read the book Fooled by Randomness. The author makes some great points about how dollar-cost-averaging into the U.S. market was a winner, but dollar-cost-averaging into most other markets (Imperial Russia, etc) would have made a person broke. It’s really made me rethink my DCA strategy in my 401(k).
It was also interesting to read about all the traders who happened to hit upon successful strategies that would last a few years and then it seems like they would all end up blowing up in less than a week. BOOM! Outta’ the trading business.
I’ve picked up some other investing books recently. I plan to move to a much shorter-term strategy outside of my 401(k). I figure it’s better to take a small short-term gain (or loss) than a large long-term loss.
TheBreeze
ParticipantBeware guys. I just bought some SLV (Silver ETF).
GET OUT NOW WHY YOU STILL CAN!
Actually, believe it or not, I got out of the original trade in the first post on the same day I posted this with a small gain. It was one of my few winning trades in the last year or so.
Unfortunately, the 100 shares of USO (oil ETF) I bought a few months ago at $50 is now under $24. Good thing I didn’t continue with my plan to dollar-cost average into 500 shares. That would have been bad.
My 401(k) is still getting schlammered. I had originally thought the DOW would only go down to 10K. Now it’s looking more like 5K. We may see the same 90% decline in the stock market that was seen in the Great Depression, but instead of happening in a year or so, it could take 10 years thanks to the political jokers in charge.
Some legendary investors have been creamed in this stock market: Jim Rogers (commodities have done worse than stocks), Warren Buffet (is he getting too old?), I’m sure many others.
I recently read the book Fooled by Randomness. The author makes some great points about how dollar-cost-averaging into the U.S. market was a winner, but dollar-cost-averaging into most other markets (Imperial Russia, etc) would have made a person broke. It’s really made me rethink my DCA strategy in my 401(k).
It was also interesting to read about all the traders who happened to hit upon successful strategies that would last a few years and then it seems like they would all end up blowing up in less than a week. BOOM! Outta’ the trading business.
I’ve picked up some other investing books recently. I plan to move to a much shorter-term strategy outside of my 401(k). I figure it’s better to take a small short-term gain (or loss) than a large long-term loss.
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