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Given the deep/deepening recession, do you think it was wise
Topic Started: Nov 30 2013, 10:46 PM (3,477 Views)
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Fire & Ice Senior Diplomat
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Still arguing after calling yourself silly for doing so? LOL
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Mountainrivers
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Dec 9 2013, 01:16 AM
Still arguing after calling yourself silly for doing so? LOL
Providing information, not arguing, nitwit.
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Neutral
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You contradict yourself and don't even know it. lol
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Pat
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campingken
Dec 8 2013, 07:25 AM
Pat,

Personally I'm glad that I didn't listen to your Obama's re-election will destroy the stock market predication. It closed at over 16,000 yesterday and the gains have been across the board. :bounce:
Yea I know you are glad you didn't. I made that prediction based on a set of rules I follow and have been responsible for me keeping a handle on my family's finances. I have jumped in and out a couple of times when it made sense but will not do so in a permanent fashion like you or others have. The risk/reward numbers don't make sense to me. To each their own.
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Neutral
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Those staying for the long haul better hope the economy doesn't get better.
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campingken
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Pat,

Are you responsible for your entire family or do your kids make their own decisions? I ask because it is tough to step back and watch them make the same mistakes that we did.

Too bad that all the 47 million collecting SS didn't buy Google. Do the cons here acknowledge that, unlike SS and Medicare, a life time of investing in the stock market does have the possibility of the investor ending up with zero?
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Pat
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campingken
Dec 9 2013, 03:26 AM
Pat,

Are you responsible for your entire family or do your kids make their own decisions? I ask because it is tough to step back and watch them make the same mistakes that we did.

Too bad that all the 47 million collecting SS didn't buy Google. Do the cons here acknowledge that, unlike SS and Medicare, a life time of investing in the stock market does have the possibility of the investor ending up with zero?
Both Neal. I sit on the board for our family trust so in a way I'm a steward for the extended family. My kids make their own decisions but I will admit they call the wife and me. Some are near 50. My son has taken over control of the company and my daughter and daughter in law work for him, but I still get called too often. It's the way we have done things for generations now. I have to thank the wisdom of my great, great grandfather, I would probably have never been anything without that structure in place and backing. It's one reason I push for so hard and advocate that families need to tend to their own.
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Mountainrivers
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Pat
Dec 9 2013, 03:58 AM
campingken
Dec 9 2013, 03:26 AM
Pat,

Are you responsible for your entire family or do your kids make their own decisions? I ask because it is tough to step back and watch them make the same mistakes that we did.

Too bad that all the 47 million collecting SS didn't buy Google. Do the cons here acknowledge that, unlike SS and Medicare, a life time of investing in the stock market does have the possibility of the investor ending up with zero?
Both Neal. I sit on the board for our family trust so in a way I'm a steward for the extended family. My kids make their own decisions but I will admit they call the wife and me. Some are near 50. My son has taken over control of the company and my daughter and daughter in law work for him, but I still get called too often. It's the way we have done things for generations now. I have to thank the wisdom of my great, great grandfather, I would probably have never been anything without that structure in place and backing. It's one reason I push for so hard and advocate that families need to tend to their own.
You're talking to Ken, not Neal. Yes, you were very fortunate to have been reared in the environment that produced you and your siblings. Unfortunately, everybody doesn't get that start in life. It's too bad you weren't raised in a ghetto by uncaring, alcoholic, drug abusing, criminal parents who inspired you with no motivation to do anything but what they do. Maybe your view of those people would be different.
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campingken
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The best way to make money is the old fashioned way, inherit it..... :toasting:
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Sea Dog
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Sound like Pat is a classic case of money coming to money.

Family trust?
Everyone should be so lucky!

Generations?
Sheese!
Edited by Sea Dog, Dec 9 2013, 08:21 AM.
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