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Author Topic: Republicans Need to Stop Being the Stupid Party  (Read 2514 times)

Offline Turks

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #45 on: January 27, 2013, 05:28:17 AM »
Slightly off topic but since we've hear that Palin left FOX it makes an interesting read for those that may not have seen it:

http://www.breitbart.com/Big-Government/2013/01/26/Palin-We-Havent-Yet-Begun-to-Fight-Exclusive-Interview-with-Breitbart-News

Offline Solar

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #46 on: January 27, 2013, 06:46:38 AM »

It's ok, poker was and is the same way.
Why do I get the feeling that playing with fire never taught you anything?
Koolaid is for kids, TEA is for adults

Offline AndyJackson

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #47 on: January 27, 2013, 07:29:24 AM »
You can tell a lot by the difference between being a "Phillip" and being a "Phil".  Phil you can have a beer and a laugh with....Phillip not so much.

But back on topic, the market remains a decent option for a minimum 20 year experience (better 30-40 with a consistent monthly installment), you'll get a fairly steady rise over decades.  You just have to suck it up and ignore the downs, knowing that it will come back in 5-10 years to where it was, and rise some too.  I've lived through the dotcom fiasco, and the 2008 debacle.  Lost about 30-40% each time.

Less than 20 years, it's gambling on one or two presidencies, which can be good or bad.

I've been doing it since 1983, and I've got almost +200% back on my money.  That's down to about 5-6% per year.  Not great, but it adds up.  If you consistently put 50-100 bucks in per month, for 30 years, you'll be OK.  Plus you always grab the maximum matching $ from the employer, that's big.

There are very unusual genius types who have weird insights, to the dynamics of the market and individual companies, and they can actually pile up the money regularly.  And that person is not us, so you have to rely on slow, steady methods.

The other huge tactic is to know when to pull your grubstake out of the market.  You don't want it in there much after 60 years old.  If you take a big lick like the dotcom or 2008, you probably won't get it back while you're alive.

You may not want to go full gold-silver, but if you just put it into some pure savings vehicle, it's there for drawdown until you're gone.  Just don't park it with some crook or flimsy, weak bank.  That's the last thing to avoid, lol.

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #48 on: January 28, 2013, 09:34:16 PM »
Not really.  I have control (in some form or another) of the ventures I have equity in.  If they do what I know they will do, then I make money.  If things start to go sideways, I'm collateralized by company assets, or sell out, etc (depending on the type of deal).  I'm pretty protected going in (but yes, nothing is a certainty).


Any type of investment is a gamble unless there is a 100% probability of a positive ROI. Sorry to say, Taxey but you are gambling.

Offline The Boo Man...

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #49 on: January 28, 2013, 09:36:17 PM »
Why do I get the feeling that playing with fire never taught you anything?

He has no eyebrows?

Whatever she brings we sing...

Offline taxed

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #50 on: January 28, 2013, 09:57:59 PM »

Any type of investment is a gamble unless there is a 100% probability of a positive ROI. Sorry to say, Taxey but you are gambling.

You're right Phil.  Investing in a company, or real estate, and improving them for a higher valuation is just like poker.
"Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government."  -Milton Friedman

Offline The Boo Man...

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #51 on: January 28, 2013, 10:01:38 PM »
You're right Phil.  Investing in a company, or real estate, and improving them for a higher valuation is just like poker.

Have you never played Yatzee? Or Ludo?

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Offline taxed

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #52 on: January 28, 2013, 11:02:31 PM »
Have you never played Yatzee? Or Ludo?

I don't think so... is it like closing a deal with a client?
"Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government."  -Milton Friedman

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #53 on: January 28, 2013, 11:32:48 PM »
You're right Phil.  Investing in a company, or real estate, and improving them for a higher valuation is just like poker.

You said it wasn't gambling. You were wrong as usual.

Offline taxed

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #54 on: January 28, 2013, 11:36:14 PM »
You said it wasn't gambling. You were wrong as usual.

You're right, investing in a business is just like poker...
"Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government."  -Milton Friedman

Offline The Boo Man...

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #55 on: January 28, 2013, 11:37:34 PM »
I don't think so... is it like closing a deal with a client?

Nooooo. That's real life...

Whatever she brings we sing...

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #56 on: January 28, 2013, 11:39:28 PM »
You're right, investing in a business is just like poker...


If this is your roundabout way of admitting what you do is also gambling, then I accept your concession.

Offline taxed

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #57 on: January 28, 2013, 11:46:12 PM »

If this is your roundabout way of admitting what you do is also gambling, then I accept your concession.

I'm serious...  Wall Street and Rounders are, like, the exact same movie to me...
"Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government."  -Milton Friedman

Offline taxed

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #58 on: January 28, 2013, 11:48:05 PM »
Nooooo. That's real life...

Online poker is the same as starting a real business.  Phil says so...
"Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government."  -Milton Friedman

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Re: Republicans Need to Stop Being the Stupid Party
« Reply #59 on: January 28, 2013, 11:48:36 PM »
I'm serious...  Wall Street and Rounders are, like, the exact same movie to me...

There there Taxed, I already said I accept your concession.

 

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