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Author Topic: Good time to invest?  (Read 731 times)

Offline john9001

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« Reply #15 on: February 11, 2003, 01:40:57 PM »
buy real estate
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Offline Ripsnort

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« Reply #16 on: February 11, 2003, 02:05:21 PM »
Quote
Originally posted by john9001
buy real estate


Now you're talking. Problem is, you need a larger initial investment,however the trade off is a larger return.
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Offline midnight Target

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« Reply #17 on: February 11, 2003, 02:39:16 PM »
The Market is destined for collapse.

Consider the Baby Boom generation (me) reaching retirement age all at the same time and removing BILLIONS from 401ks and IRA's .... the humanity!
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Offline davidpt40

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« Reply #18 on: February 11, 2003, 02:58:58 PM »
Baby boomers haven't taken care of themselves, they are dropping like flies.  No worries.
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Offline Saurdaukar

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« Reply #19 on: February 11, 2003, 06:02:01 PM »
Quote
Originally posted by john9001
buy real estate


Been considering this... dont know much about it though.

Are there any books/sites/classes you recommend to get a basic understanding?
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Offline Hangtime

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« Reply #20 on: February 11, 2003, 06:11:17 PM »
buy stock in anal probe manufacturers.
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The price of Freedom is the willingness to do sudden battle, anywhere, any time and with utter recklessness...

...at home, or abroad.

Offline RightF00T

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« Reply #21 on: February 11, 2003, 08:07:41 PM »
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Originally posted by Saurdaukar
Been considering this... dont know much about it though.

Are there any books/sites/classes you recommend to get a basic understanding?


If you stay up late on Sunday nights you're sure to find a Carlton Sheets Infomercial on any given channel...
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Offline Saurdaukar

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« Reply #22 on: February 11, 2003, 10:52:38 PM »
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Originally posted by RightF00T
If you stay up late on Sunday nights you're sure to find a Carlton Sheets Infomercial on any given channel...


I was about to ask who Carlton Sheets was, but I think its far more interesting that you seem to have an intimate understanding of his product.  :D
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Offline Saurdaukar

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« Reply #23 on: February 11, 2003, 10:53:21 PM »
Quote
Originally posted by Hangtime
buy stock in anal probe manufacturers.


And pillow sheets while youre at it.
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Offline Ripsnort

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« Reply #24 on: February 12, 2003, 07:40:01 AM »
Quote
Originally posted by midnight Target
The Market is destined for collapse.

Consider the Baby Boom generation (me) reaching retirement age all at the same time and removing BILLIONS from 401ks and IRA's .... the humanity!


What makes you think they'll all remove it all at one time? ;)

A co-worker felt this way in 1990, he was 49 then, didn't invest a cent into any 401K or VIP his whole life, justifying in 1990 that the market would collapse due to BB retirements....well, he's 62 and is forced to continue to work, because he didn't save anything.  To make it worse, he got laid off, and is still trying to find work. :(
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Offline midnight Target

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« Reply #25 on: February 12, 2003, 11:00:20 AM »
Quote
Originally posted by Ripsnort
What makes you think they'll all remove it all at one time? ;)

A co-worker felt this way in 1990, he was 49 then, didn't invest a cent into any 401K or VIP his whole life, justifying in 1990 that the market would collapse due to BB retirements....well, he's 62 and is forced to continue to work, because he didn't save anything.  To make it worse, he got laid off, and is still trying to find work. :(


First, the top of the bell curve for the BB generation was around 1957. A 62 year old today can hardly be called a Baby Boomer.

Second, Of course there will be huge withdrawals from the Market when these BB's reach retirement age. Chances are they will retire fer crise sakes! Do you expect them to keep working?

Third, Saving is good.
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Offline Ripsnort

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« Reply #26 on: February 12, 2003, 11:20:54 AM »
Midnight, most retirees take a limited amount out of their 401K's. A "paycheck"  each month so to speak. The bulk of it stays in or is transferred to lower-interest earning bonds or the such.  It keeps earning money. Jeez, thought you were smarter than that.

My dad retired at 53. He's now 73 and he has more money in his 401K then he did at 53 and he draws from it monthly.
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Offline Ripsnort

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« Reply #27 on: February 12, 2003, 11:23:45 AM »
Quote
Originally posted by midnight Target
First, the top of the bell curve for the BB generation was around 1957. A 62 year old today can hardly be called a Baby Boomer.

 


Also, baby boom generation is basically 1945-1960. It was to describe post-WW2 generation.
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Offline midnight Target

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« Reply #28 on: February 12, 2003, 12:11:47 PM »
Quote
Originally posted by Ripsnort
Also, baby boom generation is basically 1945-1960. It was to describe post-WW2 generation.


Thanks for admitting your mistake.

(62 yrs old =  born in 1941 or 42)
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Offline Ripsnort

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« Reply #29 on: February 12, 2003, 12:13:21 PM »
Quote
Originally posted by midnight Target
Thanks for admitting your mistake.

(62 yrs old =  born in 1941 or 42)


No mistake, where did I say HE was a BB? ;)
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