Today's Market

[phorner]

Here's the vocabulary lesson for today......


“Liquidity”


When you look at your investments and wet your pants.

[lonesome george]

Is the glass half full, one third full, or almost empty full?
I wet my pants about six months ago.

[Will Garner]

An optimistic person looks at a glass that is 50% full and sees it as positive. A pessimistic person looks at a glass that is 50% full and sees it as negative. An Engineer on the other hand looks at both of theses glasses and sees them as 100% over designed!

So, moral of the story - its all in the eye of the beholder.

Later guys and gals ..

[Joe Cannarozzi]

Wills point of view stems from his prolonged exposure to mopar exhaust fumes.

[dale farley]

When we bought our bus last year, I had two choices: I could take the money out of an investment fund and pay for the bus, or I could finance it for a few years. I decided that if I took it out of the fund, the money would just be tied up in a depreciating asset. If I financed it, I would just pay on it, deduct the interest as a vacation home, and the money would still be in the investment fund when I die. I figured my son had rather have the fund than a bus. My portfolio is supposed to be in a low/medium risk category. I am so glad it wasn't in a high-risk fund.

This is one of those cases where the bus "almost" might be considered an appreciating asset (at least, a less-depreciating asset) when compared to my investment fund. At this time, I wouldn't have lost nearly as much with the bus as I have with the investment fund. Of course, I am somewhat optimistic that someday the investment fund will go back up, and I will feel better about my original rationale. Of course, ALL IS NOT LOST for everyone; my fund manager keeps getting thousands every year whether I win or lose.

[Jamie Bradford]

If you are looking for an "asset" that will appreciate---- do not buy a bus......

If you are looking for something that is fun as #@$% and will serve as a great hobby ....... then buy a bus.

At the end of the day ( or night ) I do not think any of our kids will begrudge us for the enjoyment we attained at their expense..............


Enjoying the #@$% out of it............


Jamie

[Joe Cannarozzi]

Paul I had an E-Mail today suggesting ways to profit from pessimism

[phorner]

Hey, I'm no pessimist....

One of the advantages of having very little money is that you have very little to lose

I'm just waitin' for that nice, fat, stimulus check to come rollin' in any day now...

[Joe Cannarozzi]

I think ya gotta have a job to qualify

[jack14r]

Apparently some senators want those that do not have a job and file a tax return to be included in the hand out.