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T O P I C    R E V I E W
LEVITRA-OMO Posted - Oct 09 2008 : 15:36:39
My 401 DAM! These realiy hurts, my money is sinking fast. What the world should I do. I've lost at least half my savings of my 401. I'm trying real hard to belive it's going to get better but I just don't know.
20   L A T E S T    R E P L I E S    (Newest First)
Bifocal-OMO Posted - Oct 28 2008 : 13:49:11
The Indian plant is about 25 miles away from my house in south Gastonia NC. They look better in person and sit very well. I got to ride one that someone had bought and he rode mine. He liked mine and I liked his. I have a Yamaha Roadstar touring bike 1700 cc Midnight black metalflake. This is the one I have now.

burniste Posted - Oct 28 2008 : 11:40:22
quote:
Originally posted by Bifocal-OMO

I hope it has not offended anyone.


you de-railed my post about finding an Indian Head penny!
just kidding Bif, that's a very nice ride.

i told the wife i wanted a four-wheeler, and tried
to talk her into it by saying "i can put a blade on
it and use it for a plow".

she said "no. if you want a snowblower, fine. i'd
rather we get a motorcycle."

can't wait to show her that picture, Bif!
Bifocal-OMO Posted - Oct 28 2008 : 10:25:52
This is one I would like to get. It is the Chief Roadmaster. Nice bike



Sweeeeeet ride yes it is
Expired-OMO Posted - Oct 28 2008 : 08:11:09
Could you pick up a "Geranamo" model for me....Thanks
Petrified-OMO Posted - Oct 28 2008 : 07:00:17
Which Indian?
Bifocal-OMO Posted - Oct 27 2008 : 18:59:37
Speaking of Indian, I am going to the Indian motorcycle plant to look at a Indian motorcycle. They have some sharp ones out now.

This post was not a lie and I hope it has not offended anyone.
burniste Posted - Oct 27 2008 : 17:24:03
ok, so our firm had a meeting with our 'advisor', and the quarterly report
came out.

the good news is
i found an indian head penny today . . .
medicated Posted - Oct 25 2008 : 15:13:27
While gold may seem to go down, rest assured that it will hit all time highs in the near future. It was froze earlier this year to keep investors away from it. Theres a reason even if its not clear. And it is best owned in coin. That way it can be traded even in the worst case. Its always worth it weight in gold! Silver coinage is another good thing to have on hand. An old silver quarter will still buy a gallon of gas based on its silver value. While buyers are paying $1.25 for them, you know that is well below its actual value. Thats $50.00 a roll....im thinking more like $80 to $100 in the near future. And its hard to kill a coins collectors value. Or devalue its precious metal value. A roll of silver quarters was worth $210.00 in the 80's remember! I sold lots of em for $5.25 each.
Dirtbag-OMO Posted - Oct 24 2008 : 13:10:01
quote:
Originally posted by burniste

ever get the feeling that stock traders are like wildebeasts,
and it's a herd mentality?




If there trading stocks rather than options they were doomed from the git go.
DOW another great buy. 7% dividends also!
Aged Posted - Oct 24 2008 : 09:42:14
Here are 3 ways to look at the current situation, depending on your situation:

If you don't need the money in your 401k during the next 10 years or so, buy! There's a sale going on.

If you need that money in the next few (3 or less) years, get it out of the market before even more is taken away from you. Also, I'm sure you'll look great in a Walmart vest.

If you're somewhere in the middle, ... the answer gets waaaay more complicated. Good luck.



burniste Posted - Oct 24 2008 : 09:06:23
"Fear, chaos hit markets
Stocks around the world plunge on fears of a deepening global recession.
» 'Bizarre' moves, even gold down"

ever get the feeling that stock traders are like wildebeasts,
and it's a herd mentality?
Dirtbag-OMO Posted - Oct 12 2008 : 08:11:06
ROFL!!!!!!! Nosey. The media is a good source of valuable information.
Nosehair-OMO Posted - Oct 12 2008 : 07:55:00
LOL DB, It's THTH for sure. However, I'm leaving my $$$ in the market 'cause that's what I'm being told to do. My simple brain says put it under the mattress, but i haven't done that YET. I am coming into a bit more $$$ this week too. Where the ^%#$@ is my money best invested. Do I watch an hour or two of Mad Money and take it from Crammer?!??!
He says General Mills and other "bare necessaties" type companpanies are the place to go.

I'm not sure about the opium trade in Afganistan, while they supply 90% of the global opium, I'm thinking NATO may negatively effect the supply lines.
Dirtbag-OMO Posted - Oct 12 2008 : 07:29:08
The Government needs to go back to the time before Clinton when he deregulated the banks in 96 and Allowed all these sub prime mortgages.
For now, for the immediate future the Government should allow these people a little flexibility. I'm not saying a bailout as McCain said he would do in his last debate.
I do believe people need to be held accountable for what they do, but the lenders tricked millions of these people just for their own greed.
When this situation is resolved we will see a huge change in the economy.
Until then if you have ANY extra money. I suggest you invest it in the market now with STABLE cash rich companies. There is a lot of really good buys out there. Microsoft being one of them.

I hope nobody thinks this is a 2h2h I'm not starting anything on either side just pointing out some of my opinions.
Cadaver-OMO Posted - Oct 12 2008 : 00:59:35
Yeah, I question the bailout. We are in this mess because the public chose to spend more than they could afford, and the banks chose to finance it. So what do we do, give banks more money to lend out on the premise that our economy is underpinned on credit and will collapse the rest of the way without it. Go figure. Hopefully the new credit isn't given out like candy, but I guess it's a free country...

Petrified-OMO Posted - Oct 11 2008 : 23:35:21
Normal people have Trillions?

Dang... I knew I wasn't normal.

HEARTBURN-OMO Posted - Oct 11 2008 : 20:39:15
I don't think so. The big difference now is the big problem during the depression was not so much the stock market. It was everyone having their cash in banks. When there was no more money in the bank via run on the bank, bad investments, etc. there were no protections for the every day guy. He was the one that lost everything along with most companies and mom and pops. Remember, back then the country was full of mom and pop businesses. When they lost their cash, they couldn't survive. Today we have $250,000. per deposit insured by the FDIC. It was 100k until last week. If that was not true I would have pulled everything out quickly.
I think this will all settle down after the elections. By the second quarter of next year things might be better.

One thing though. All these banks and investment bankers being bailed out....wouldn't it be nice if the normal people that have lost trillions over the past week, could get somekind of tax relief from their loss?
Kayjay Posted - Oct 10 2008 : 22:28:20
There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.
- Richard Feynman

I can safely say that I don't have a 401k or any sort of investments that I know of. December 31st is when my job will be signing me up. Honestly, i wish that I had the spare money to start investing now. what's that saying.. Buy low, sell high?

Ladies and gentlemen, in case you didn't notice, we are witnessing what happened in 1929, only a much, MUCH slower version of it. Look at it. High unemployment rate, banks going out of business, stock market taking a turn for the worse, and even just like in 1929, the foregin markets are getting hit, like during the begining of the great depression. the sad part is that nobody realizes it.
HEARTBURN-OMO Posted - Oct 10 2008 : 17:58:52
Ok, one thing you can do is if you are able to manipulate your 401k (change what funds you have your investment) move everything to the safest fund. That would be the one that produced the lowest return but was stable and remains stable.

I have 3 401k's and I lost about 20% the past 2 months. I moved everything to the safest fund and although my wife lost 14% keeping it in the mixed funds, I have only lost 4% the past two weeks. When I feel it's going to start turning, I'll change my elections back.

I also bought into gold at 790.00. If I was to sell it today I could make up what I lost in my 401k. But, I'm hoping it jumps up to over the 1000.00 mark. The trick will be to dump it before it goes below what I paid. In any case even if I broke even I would come out ahead as compared to my 401k and Roth accounts.
Dirtbag-OMO Posted - Oct 10 2008 : 13:01:25
Microsoft is at an all time low of 21 per share. A great buy!! The company has 40 billion in cash. That speaks loud at this point in time. I know I'm buying in on Microsoft!!!!!!!

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