Boats For Sale:
Finally back to break even |
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75 stang 
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Joined: August-11-2008 Location: northwest ohio Status: Offline Points: 475 |
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 Topic: Finally back to break evenPosted: March-19-2010 at 6:34pm |
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Gas and food prices have been taken out of the inflation numbers so the numbers dont get pressured upwards. Figures don't lie, but liars do figure...
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eric lavine
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Joined: August-13-2006 Location: United States Status: Offline Points: 13413 |
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Posted: March-19-2010 at 6:11pm |
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gas prices are creeping up again, wonder where the fat cats have all thier money soaked in, my buddy has a ton of money 'inherited' and his finacial guy insists his money is safe and nothing will happen to it. I told my buddy he has nothing to lose except his commission on your money if you put it elsewhere, of coarse he is not going to advise you to pull your money, I merely suggested a 6 month CD to him, for now
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"the things you own will start to own you"
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emccallum
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Joined: August-08-2006 Location: Clarks Hill SC Status: Offline Points: 1084 |
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Posted: March-19-2010 at 2:52pm |
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Just wait until all the tax increases hit us. Cap and trade, health care, deficit spending. IMO, unless something dramatic happens between now and the November elections I think we are in for a long ride. I am very skeptical about the market, it doesnt make sense. Over the last 20 years I have been burned a couple of times, and I think the big dogs are setting us up again, and getting ready to unload and steal some more. I am taking extra dough and paying off any debt or spending on something important, like wiskey and women!
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75 stang
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Joined: August-11-2008 Location: northwest ohio Status: Offline Points: 475 |
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Posted: March-19-2010 at 1:26pm |
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We feel the same in the industrial real estate market, cant complain but we have not built anything new in 2 years. Also keep in mind that you have not broke even if you got your original 5k or whatever back. The inflation rate makes everything you buy cost more there fore to have the same buying power as it di 2-5 years ago it has to be more now by 2-3% a year to be the same amount of money it was. If the inflation rates they project are 1/2 right that part is going to get much worse. The real estate devaluation did not hurt us, we turn a heavy portion of the gains into paydown and have a 30% or so loan to value so a 50% drop in value would still leave us in good shape but I tend to be more conservitave than most in my approach. I just wish RE taxes and valuations dropped as fast as the market values. Its pretty sad when your RE taxes exceed your payments... |
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eric lavine
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Joined: August-13-2006 Location: United States Status: Offline Points: 13413 |
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Posted: March-19-2010 at 10:06am |
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hogs get fat, pigs get ate or vica versa, use a shoe box for the next year
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"the things you own will start to own you"
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Riley
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Joined: January-19-2004 Location: Portland, ME Status: Offline Points: 7954 |
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Posted: March-19-2010 at 12:02am |
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Mike, I think prices went up more and faster in your town than anywhere else in Southern Maine. There dropping now, but they'll come back. Brokers say you can't ever use comps from any other town because no where else is as good.
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DeepCreekNauti
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Joined: October-21-2006 Location: United States Status: Offline Points: 156 |
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Posted: March-18-2010 at 11:59pm |
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"Be fearful when others are greedy and be greedy when others are fearful”
-Warren Buffett The guys a billionaire for a reason. Listen to him. Long story short, following that advice, we made back all our losses by summer and finished up 14% for ’09. Sometime you gotta pick up the reins and drive. Giddy up! |
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05 210
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Joined: February-17-2006 Location: Southern Maine Status: Offline Points: 1481 |
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Posted: March-18-2010 at 11:32pm |
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Ugh. Real Estate. We lost a ton of equity on our 3 properties when the housing market tanked. Still ahead, but not like we were..... Fortunately for us, equity is not 'actual money lost'. At least until we sell. Needless to say,I'm praying for a huge comeback in that department. Mike |
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lewy2001
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Joined: March-19-2008 Location: NSW Australia Status: Offline Points: 2234 |
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Posted: March-18-2010 at 10:56am |
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I follow the Market a bit. I feel the recovery has been a bit quick I feel there is another down leg before we get back to where we were. In Australia our Index was at 6800 pts before the GFC and is now at about 4800 so my break even is away off yet. The US INDU was above 14000 in October 07 so it still has a bit of work to do at around 10750.
BKH you have done well to be back at break even already. |
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If you're going through hell, keep going
89 Ski <a href="http://www.correctcraftfan.com/diaries/details.asp?ID=5685" ta |
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SNobsessed
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Posted: March-18-2010 at 10:37am |
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The big boys have their money shifted before the herd gets wind of any news that affects the market. Last year bonds were the place to be, too bad I wasn't there. I just hope I can keep up with inflation during retirement.
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“Beer is proof that God loves us and wants us to be happy.”
Ben Franklin |
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Riley
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Joined: January-19-2004 Location: Portland, ME Status: Offline Points: 7954 |
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Posted: March-18-2010 at 10:08am |
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Buying old boats is certainly not any worse, and at least you get to enjoy them. My meager plan is back to break even also. The question is: cash out now and go into something safe or stay in the market? Are we going to continue to grow or will we be back to 6000 in 2 years? |
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eric lavine
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Joined: August-13-2006 Location: United States Status: Offline Points: 13413 |
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Posted: March-18-2010 at 10:02am |
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how about your Real Estate?
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"the things you own will start to own you"
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MartyMabe
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Joined: February-21-2006 Location: High Point,NC Status: Offline Points: 3991 |
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Posted: March-18-2010 at 2:02am |
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I just put all my money in my wife's hands. And when I get ready to get something or want it .... She says, You ain't got the money honey!
So I go out and do something or work on someone's car or lawnmower and she sees them pay me and says- Good we can go out and eat tonight! I oblige and then I'm back where I started-- With no money 
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The Godfather
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Joined: August-13-2008 Location: Orlando Fla Status: Offline Points: 1766 |
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Posted: March-18-2010 at 1:36am |
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I'm still playing the Florida Lotto... 
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jbear
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Joined: January-21-2005 Location: Lake Wales FL. Status: Offline Points: 8193 |
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Posted: March-18-2010 at 12:36am |
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A bit over where I started 5.5 years ago when I first went all in with my buyout. But all the gains that I had made in those 5 years are gone (stolen)...commerical construction is begining to start up here..slowly..but I take that as a good sign. Never gonna be what it was at least in my lifetime. Man, greed just got outa hand. Patti and I still put away the max that our employer will match plus I put in a little extra. We'll see what we got when we get to 62.
john |
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"Loud pipes save lives"
AdamT sez "I'm Canadian and a beaver lover myself"... |
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62 wood
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Posted: March-18-2010 at 12:35am |
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invest in old boats..... the 401 is just plain depressing.
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eric lavine
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Posted: March-17-2010 at 11:39pm |
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lets use the correct word, stolen
lost is when it falls out of your pocket, I still think what you are seeing in the gains is part illusion...hold onto it a while longer, go by what your gut says and not your finacial advisor. |
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"the things you own will start to own you"
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Waterdog
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Joined: April-27-2006 Location: United States Status: Offline Points: 2020 |
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Posted: March-17-2010 at 9:46pm |
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I lost around 60% of my retirment mostly in the S&P 500. Now we've got about 30 in S&P ,40 in eur/asia,& 30 in a mix. 15% of my base salary every 2 weeks is invested - but I MAY up it another 10 - Still in the hole thou ... to be continued ...
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bkhallpass
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Joined: March-29-2005 Location: United States Status: Offline Points: 4723 |
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Posted: March-17-2010 at 9:15pm |
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Today it finally happened.
I am back to break even in the stock market. I'm not talking about the gains I had that have been lost. Just back to even on the actual cash I put into the market. Only took what, 2 years? We're a long way from recovery, but, in this country, I believe there can be not growth if the market is not healthy. I take this as a good sign. How have others faired in the recovery? BKH |
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Livin' the Dream
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05 210 wrote: