dow dips

Topspin said:
yes but that's nothing special. I'm older than Moses and started saving $1,000 a month at like 27 and bumped it to about $2,500 a month at like 38.

I got lucky a lot too, so I woulnd't say it was mostly skill at all. In the 90's I managed money on the side for some wealthy clients. For the 5 years I did it I made an average of 45% a year. All I did was stay away from the pet.com stuff and bought MS, intel, ford, Merk, and a few others. I got transferrd to Houston to do an SAP implementation for Texaco around 2000. I told people I could no longer devote the time to thier money and cut them all checks. Then the dot.com bust hit and they thought I had some great timing skill and wanted to invest more money with me.
But my kids have always come first and my son was going for his third straight state title in wrestling and I was all consumed in that outside of work at the time. I couldn't have posted here at the time as I was clueless on politics.
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If you were at $1,000,000 when Obama was inagurated and the DOW is up 30% you must have made some really poor choices to get down to $200,000.
 
lol, if I was down to 200,000 I would have been the one flying the plane. You must have missed the part where I said I'm back even. I was at 200,000 when Bush took office. If anyone wants to make fun of me I was at 400,000 and my ex wife got half.
 
Topspin said:
lol, if I was down to 200,000 I would have been the one flying the plane. You must have missed the part where I said I'm back even. I was at 200,000 when Bush took office. If anyone wants to make fun of me I was at 400,000 and my ex wife got half.
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If you threw another 100K at it, you are not "even"...
 
Topspin said:
lol, if I was down to 200,000 I would have been the one flying the plane. You must have missed the part where I said I'm back even. I was at 200,000 when Bush took office. If anyone wants to make fun of me I was at 400,000 and my ex wife got half.
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So you are at 1,000,000?
 
Jarod said:
Thats awsome, congradulations.

But what then did you have on innaguration day?
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I don't know exactly, I can tell you this losing a couple hundred thousand even though JUST ON PAPER was a stressfull thing. It was tough to keep plunking down the $2,500 per month come rain or shine. It was raining like Katrina prior to Obama. I think 4th qtr 2008 was worse than Obama coming in. though the market was low everyone was all new day in America and I was feeling better by then even though I was prob still down 2 or 300,000.
 
Commercial real estate defaults
international credit crisis, they all have more debt than us
more layoff, ford just announced 9,000 at one mustang plant
more losses at GM, Chrysler
But there's more good news than bad
 
Topspin said:
I don't know exactly, I can tell you this losing a couple hundred thousand even though JUST ON PAPER was a stressfull thing. It was tough to keep plunking down the $2,500 per month come rain or shine. It was raining like Katrina prior to Obama. I think 4th qtr 2008 was worse than Obama coming in. though the market was low everyone was all new day in America and I was feeling better by then even though I was prob still down 2 or 300,000.
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So in one year, President Obama has brought you back close to where you were before the Bush dive?
 
Jarod said:
So in one year, President Obama has brought you back close to where you were before the Bush dive?
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No, he dumped another 100K in he said. He's still down 100K if he is now "even" with what he had before he dropped that in.

Why are you incapable of simple math?
 
Jarod said:
So in one year, President Obama has brought you back close to where you were before the Bush dive?
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No again at the top the market was at 14,000 it's at 10,000 now.
I invested about 45,000 in retirement plans and sold some a couple small lots I had and put that in the market. I'm very close to where I was, but unlike you I'll blow the Obama trumpet when he gets the dow over 15,000.
 
Damocles said:
No, he dumped another 100K in he said. He's still down 100K if he is now "even" with what he had before he dropped that in.

Why are you incapable of simple math?
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He can do the math.
He's just trying to find a toe hold, so he can spin this in Obama's favor.
 
Damocles said:
No, he dumped another 100K in he said. He's still down 100K if he is now "even" with what he had before he dropped that in.

Why are you incapable of simple math?
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THats why I said "close" to where you were before...
 
My only point is that you are better off today than you were on Bush's last day in office!
 
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