dow in correction according to cavuto, still waiting for chap and top to confirm it

Chapdog said:
no you save your money. save 25% of a 150k salary and do math how much you got by age 50 or whatever top is.

most of the guys i work with here are tech guys making 120+ and lots of them i talk stock with and they invest 50 - 100k per investment in there 40's and 50's

whats the issue here?
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What is unrealistic is somebody of Topspin's stature and education....

As he himself calls it with his brand name MBA....

Who complains about his gasoline and electricity prices.... Who said his ex-wife took half of everything....

Suddenly drop 100k on a OIL stock....No financial advisor in the country would recommend that....

Anybody knows that oil stocks are hugely risky right now and nobody who isnt a millionair would risk 100k on just 1 stock that is NON-diversified.

With oil prices trading 30% above their market value due to speculators....


Its just a bunch of bullshit... And Robdawg and I have been calling on it for years...

CK
 
Chapdog said:
no you save your money. save 25% of a 150k salary and do math how much you got by age 50 or whatever top is.

most of the guys i work with here are tech guys making 120+ and lots of them i talk stock with and they invest 50 - 100k per investment in there 40's and 50's

whats the issue here?
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It all depends on the size of your portfolio. If the 50k or 100k is 5% of your portfolio it is no big deal. If it is 20% of your portfolio then it is agressive regardless of how "conservative" the actual investment is.
 
Why do you guys care how much someone makes. If he has to lie about it then that is just because he fails IRL and this is his fantasy. Let him have it.
 
Blackflag said:
Why do you guys care how much someone makes. If he has to lie about it then that is just because he fails IRL and this is his fantasy. Let him have it.
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The problem is when lies get passed around as truths over time it gets ingrained into society....

Al Gore never said "I created the Internet" ..... but we have a whole bunch of morons believing it because falsehoods that get passed around takes hold...

CK
 
but I don't think anything that Topspin says matters one iota...let alone to the extent of something Al Gore would say.
 
Personally I don't...........

Blackflag said:
Why do you guys care how much someone makes. If he has to lie about it then that is just because he fails IRL and this is his fantasy. Let him have it.
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I just get tired when someone comes into a board...and brags how better their education and salary is then someone else...calling them GED's and such...when in fact they are below average...not a good way to debate...imho!
 
Blackflag said:
Why do you guys care how much someone makes. If he has to lie about it then that is just because he fails IRL and this is his fantasy. Let him have it.
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I agree. I couldn't care less. For the record, I don't believe either Chap or Top are lying...Top is an elitist, an insensitive jerk, and a blowhard, but I don't think he is an invented persona. But in the end, I don't care either.
 
But why why why after such a GREAT Friday, better than expected, sales through the roof would the market take any sort of dip? It would seem that if the news was as good as Top has professed since Friday that on that news it would have SOARED! Wha happened?
 
Socrtease said:
But why why why after such a GREAT Friday, better than expected, sales through the roof would the market take any sort of dip? It would seem that if the news was as good as Top has professed since Friday that on that news it would have SOARED! Wha happened?
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What happened, as you probably know, is that Top can't read for comprehension.

More people hit the stores on so-called black Friday than did last year, no surprise considering the ridiculous media hype, including news coptors circling malls, making real cows and sheeps out of the consumer, who in our reality show culture, didn't seem to mind. This notched total sales up. But, each person spent less than they did last year. When the individual consumer is spending less than they did one year ago, this can only be bad news.
 
It was $100,000 on one stock. IE Chevron
And CK is right no advisor in his right mind would tell you to do that.
I never whined about being broke, or that my ex got half at 40 I'm 100 times happier at 47.
Salary comment never varied. its slightly over 100 plus bonus. The 125 include 18 for moving.
I sold 200,000 of Chevron earlier in the year for a 40% gain in less than a year. Several of us buy and sell it on the seasonal fluctuation. You know high gas price in the summer and all.
It's only 10% of my total, but CK is right. Conventional wisdom is too diversify. I'm in 95% stock so obviously I take more risk than convention says.
 
Oh yeah 125,000 for a 47 yr old MBA is not that much.
Most of my bosses and their bosses don't have it.
Prob didn't help me too to much. It would help if I needed or had to hit the street.
 
lets see Duhla sales up 8% in total vs last year and you find a way to twist it into a negative.
So people shouldn't have saved more than they did last year.LOFL
 
I can tell Chap at 33 is light years past where I was at that age too, soo is Robdawg he just is so patient he can't look to the future.
For the young guys and the recent grads, the first hundred K is a bitch. Then good markets and continued investing make the second and third come in a fraction for the time.
Just like coaching, failing to plan is planning to fail.
 
Sales are down...........

because gas prices effect all commodities...thank toppy and Chevron,exxon,mobile,texaco etc...when gas goes up all things follow...I spend less now because of the gas rape...as do most if they are honest about it...thanks Oil dudes ya made a dismal Christmas once again...enjoy your portfolio...it will not last much longer!
 
Battleax, you most certainly didn't major in economics.
At $3 gallon households are spending about half what they did in the 70's on fuel.
Oh, you'll keep filling up your redneck v8 and your boats and big wheels I mean atv's. Even at $5 gallon you'll still have your guzzler.

Kath are you even out of high school:pke:
 
Topspin said:
For the young guys and the recent grads, the first hundred K is a bitch. Then good markets and continued investing make the second and third come in a fraction for the time.
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this is god honest truth. first 100k takes forever..... but then markets good for a quarter stick to your plans you make 30k just like that. days go by you make or loose 3k a pop.. then 5k.. then 10 k..

all kidding aside took me like 9years to hit first 100K and i had very good plan. next 100 came in less then 3.
 
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