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RE: The shoeshine boy spoke today... - 6/7/2008 8:30:22 AM

TheHeretic

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Thanks, Gris. Great amplification of the OP.

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Post #: 41

RE: The shoeshine boy spoke today... - 6/7/2008 10:56:08 AM

Griswold

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quote:

ORIGINAL: hizgeorgiapeach

Shit no I'm not the eldest, Popeye! My nincompoop brother is 16 months older than me Physically - developmentally, well, he never seems to have made it past about 16 which is when he became deeply immersed in the drug culture. The fact that both our parents were Only Children makes it Somewhat easier - after all, there's no aunts/uncles/cousins screaming "where's my share" - but that also means that there's literally on one else TO take on any of the responcibility.

At this point, I'm looking at pulling Everything out of the market, and turning it into real properties. It was something that dad and I had discussed as a potential prior to the stroke, and now it looks even more practical. Buy some land outside of town that's either minimally "improved" or completely unimproved, and then start working quietly to get a small place built there that's completely self sufficient. Gold and Silver bullion. That sort of thing.

Interesting approach. But don't think that the stock market won't take some wild upward swings from this point forward either.

Bob Hope (as to your other point) made a lot of money in the movies, records, etc., but he had a plan even when he was just starting out.

Every year he figured out how much he needed to live on, put a little extra aside just for safety, and the remainder he spent on as much land as he could afford just outside the city limits of his town.

Dirt outside the city limits of course being cheaper because it didn't retain some of the benefits that went with being in the city, a few examples being fire and police protection, in some cases sewer and garbage, better zoning, etc.

Every few years of course, the city having grown, needing more land to tax to support said services, would extend the city boundaries, and voila! Land that was cheap and zoned poorly now became more valuable and zoned for higher and more dense uses...and on it went.

He made a lot of money in the movies. He made his fortune in real estate.

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Post #: 42

RE: The shoeshine boy spoke today... - 6/7/2008 12:46:35 PM

thornhappy

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(fast reply to the economics portion)

The major reason for the jump in oil was due to an interest rate change in Europe, which weakened the dollar. Since oil is tied to the dollar, oil prices jump.

"The dramatic reversal in what had been a weakening oil market began Thursday after ECB President Jean-Claude Trichet suggested the bank could raise interest rates and the euro climbed against the dollar. When interest rates rise in Europe, or fall in the U.S., the dollar tends to weaken against the euro. Many traders buy commodities such as oil as a hedge against inflation when the dollar is falling, and a weaker dollar makes oil cheaper for investors dealing in other currencies. Analysts believe the dollar's protracted decline has been a major reason why oil prices have nearly doubled in the past year."(http://www.chron.com/disp/story.mpl/business/energy/5822312.html)

We should be buying back greenbacks or doing other measures to strengthen the buck.

thornhappy

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RE: The shoeshine boy spoke today... - 6/7/2008 2:44:07 PM

popeye1250

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quote:

ORIGINAL: hizgeorgiapeach

Shit no I'm not the eldest, Popeye! My nincompoop brother is 16 months older than me Physically - developmentally, well, he never seems to have made it past about 16 which is when he became deeply immersed in the drug culture. The fact that both our parents were Only Children makes it Somewhat easier - after all, there's no aunts/uncles/cousins screaming "where's my share" - but that also means that there's literally on one else TO take on any of the responcibility.

At this point, I'm looking at pulling Everything out of the market, and turning it into real properties. It was something that dad and I had discussed as a potential prior to the stroke, and now it looks even more practical. Buy some land outside of town that's either minimally "improved" or completely unimproved, and then start working quietly to get a small place built there that's completely self sufficient. Gold and Silver bullion. That sort of thing.

HGP, that's a good move, this is the time you want to be buying real estate, when everyone else is selling.
You'll be a genious five years from now.
And Gris you're right on about Bob Hope.
I read that about him too.
Real estate has made more people wealthy in this country than anything.
I don't want to be a landlord so I'd prefer to invest through REITs. (Real Estate Investment Trusts) They sell just like stocks.
And most of those are getting beaten down pretty good again and I think in 2009 or 2010 I'm going to start putting a lot of money into them again.
I was buying WRE in 2000 at $14 per share and they were paying 7 or 8 % back then.

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Post #: 44

RE: The shoeshine boy spoke today... - 6/7/2008 5:17:32 PM

Griswold

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quote:

ORIGINAL: popeye1250

And Gris you're right on about Bob Hope.

(It's a gift...even I don't know how I do it sometimes).

Real estate has made more people wealthy in this country than anything.

I've made very good money in all of my businesses...but, like Hope (and on a vastly smaller scale)...nothing like I've made in real estate.

Real estate, contrary to popular opinion...is a very sweet gig :)

< Message edited by Griswold -- 6/7/2008 5:19:48 PM >

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RE: The shoeshine boy spoke today... - 6/7/2008 5:18:47 PM

Griswold

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quote:

ORIGINAL: thornhappy

(fast reply to the economics portion)

The major reason for the jump in oil was due to an interest rate change in Europe, which weakened the dollar. Since oil is tied to the dollar, oil prices jump.

"The dramatic reversal in what had been a weakening oil market began Thursday after ECB President Jean-Claude Trichet suggested the bank could raise interest rates and the euro climbed against the dollar. When interest rates rise in Europe, or fall in the U.S., the dollar tends to weaken against the euro. Many traders buy commodities such as oil as a hedge against inflation when the dollar is falling, and a weaker dollar makes oil cheaper for investors dealing in other currencies. Analysts believe the dollar's protracted decline has been a major reason why oil prices have nearly doubled in the past year."(http://www.chron.com/disp/story.mpl/business/energy/5822312.html)

We should be buying back greenbacks or doing other measures to strengthen the buck.

thornhappy