Buy a 2009 Rt or Invest in Stock Market???
09-29-2008, 09:18 PM
#11
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RE: Buy a 2009 Rt or Invest in Stock Market???
How about investing in rental property?
You can get paid rent every month forever.
I love passive income!!! Getting paid without working!
I heard there are organizations that own and manage rental property.
They do all the work and deal with all the hassles.
You give them your money and they will give you your share of the profits.
People will always need a place to live no matter what the economy is like.
There are other investments besides just stocks.
Personally I don't like stocks. They're such a gamble.
They say that when times are bad, cash is king. If you have cash, you can buy valuable income-generating assets such as real estate and businesses at bargain prices. They say to invest in businesses that provide basic necessities.
A new car is one of the worst places to put your money from a financial viewpoint. They just depreciate a lot and you lose your money instead of making money. A lot of millionaires are tightwads and they drive cheap old cars.
You can get paid rent every month forever.
I love passive income!!! Getting paid without working!
I heard there are organizations that own and manage rental property.
They do all the work and deal with all the hassles.
You give them your money and they will give you your share of the profits.
People will always need a place to live no matter what the economy is like.
There are other investments besides just stocks.
Personally I don't like stocks. They're such a gamble.
They say that when times are bad, cash is king. If you have cash, you can buy valuable income-generating assets such as real estate and businesses at bargain prices. They say to invest in businesses that provide basic necessities.
A new car is one of the worst places to put your money from a financial viewpoint. They just depreciate a lot and you lose your money instead of making money. A lot of millionaires are tightwads and they drive cheap old cars.
09-29-2008, 09:51 PM
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RE: Buy a 2009 Rt or Invest in Stock Market???
colorancher: before you spew your leftist (today's form of communism) views on here, you should check into some of your facts.
Franklin Raines was the Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae's accounting activities. At the time of his departure The Wall Street Journal noted, " Raines, who long defended the company's accounting despite mounting evidence that it wasn't proper, issued a statement late Tuesday conceding that "mistakes were made" and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under growing pressure from regulators to shake up its management in the wake of findings that the company's books ran afoul of generally accepted accounting principles for four years.” Fannie Mae had to reduce its surplus by $9 billion.
Tim Howard - Was the Chief Financial Officer of Fannie Mae. Howard "was a strong internal proponent of using accounting strategies that would ensure a "stable pattern of earnings" at Fannie. In everyday English - he was cooking the books. The Government Investigation determined that, "Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae."
Jim Johnson - A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. A look at the Office of Federal Housing Enterprise Oversight's May 2006 report on mismanagement and corruption inside Fannie Mae, and you'll see some interesting things about Johnson. Investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million." Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.
What do they all have in common and who do they currently advise?
FRANKLIN RAINES - Raines works for the Obama Campaign as Chief Economic Advisor.
TIM HOWARD - Howard is also a Chief Economic Advisor to Obama.
JIM JOHNSON - Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.
And one more thing, it was actually the "wondeful" president Bill Clinton who set the stage for this huge mess. I bet you never even heard of the Community Reinvestment Act.
The Community Reinvestment Act was pushed hard by Bill Clinton, although it originated under Jimmy Carter. Asked about it the other day on one of the morning TV talk shows, Clinton said times back then were different. Fannie and Freddie had lots of money and he (in his infinite wisdom) decided that the money should not go to share holders or to executive compensation, but should be used to put the poor into homes.
As you can imagine, wonderful things happen when the government strong arms corporations as to how they should spend their money and, better yet, how they should assess the qualifications of home buyers. So the country's biggest buyers of mortgages were pressured into lowering the qualifications of applicants, in order to increase the percentage of poor that got mortgages. By 2006, 30% of all mortgages went to people who in any other circumstances wouldn't qualify.
Now the political left would like you to know that the CRA-controlled institutions did not lend the largest percentage of sub-prime mortgages. But that's information by deception, because the mortgage business is a competitive business. If the government strong arms one part of the business, the other part will respond. And strong arm was what the Clinton administration did, even using the Office of the Comptroller of the Currency to pressure banks to lend more money to the disadvantaged. Caught in the act, a spokesman for the office noted that its abuse of power was "for the best of intentions:" the same inclination used to pave the road to hell.
In the short run, all sorts of money was to be made by lowering standards and processing sub-prime loans for the poor. The Wall Street Journal raised concerns about Fannie's and Freddie's capital requirements. Senator Phil Gramm (R, TX) raised issues about community pressure groups, such as Barack Obama's ACORN, extorting money from banks by holding their feet to the CRA fire, and threatening to militate against mergers and acquisitions unless the banks entered into preferential agreements with community groups.
So bottom line Colorancher, know your facts before you put them on a CAR blog. I don't care about your political opinion, just like you probably don't care to read the facts that prove your opinions are based upon mindless indulgence in the liberal media and what they feed you.
Franklin Raines was the Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae's accounting activities. At the time of his departure The Wall Street Journal noted, " Raines, who long defended the company's accounting despite mounting evidence that it wasn't proper, issued a statement late Tuesday conceding that "mistakes were made" and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under growing pressure from regulators to shake up its management in the wake of findings that the company's books ran afoul of generally accepted accounting principles for four years.” Fannie Mae had to reduce its surplus by $9 billion.
Tim Howard - Was the Chief Financial Officer of Fannie Mae. Howard "was a strong internal proponent of using accounting strategies that would ensure a "stable pattern of earnings" at Fannie. In everyday English - he was cooking the books. The Government Investigation determined that, "Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae."
Jim Johnson - A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. A look at the Office of Federal Housing Enterprise Oversight's May 2006 report on mismanagement and corruption inside Fannie Mae, and you'll see some interesting things about Johnson. Investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million." Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.
What do they all have in common and who do they currently advise?
FRANKLIN RAINES - Raines works for the Obama Campaign as Chief Economic Advisor.
TIM HOWARD - Howard is also a Chief Economic Advisor to Obama.
JIM JOHNSON - Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.
And one more thing, it was actually the "wondeful" president Bill Clinton who set the stage for this huge mess. I bet you never even heard of the Community Reinvestment Act.
The Community Reinvestment Act was pushed hard by Bill Clinton, although it originated under Jimmy Carter. Asked about it the other day on one of the morning TV talk shows, Clinton said times back then were different. Fannie and Freddie had lots of money and he (in his infinite wisdom) decided that the money should not go to share holders or to executive compensation, but should be used to put the poor into homes.
As you can imagine, wonderful things happen when the government strong arms corporations as to how they should spend their money and, better yet, how they should assess the qualifications of home buyers. So the country's biggest buyers of mortgages were pressured into lowering the qualifications of applicants, in order to increase the percentage of poor that got mortgages. By 2006, 30% of all mortgages went to people who in any other circumstances wouldn't qualify.
Now the political left would like you to know that the CRA-controlled institutions did not lend the largest percentage of sub-prime mortgages. But that's information by deception, because the mortgage business is a competitive business. If the government strong arms one part of the business, the other part will respond. And strong arm was what the Clinton administration did, even using the Office of the Comptroller of the Currency to pressure banks to lend more money to the disadvantaged. Caught in the act, a spokesman for the office noted that its abuse of power was "for the best of intentions:" the same inclination used to pave the road to hell.
In the short run, all sorts of money was to be made by lowering standards and processing sub-prime loans for the poor. The Wall Street Journal raised concerns about Fannie's and Freddie's capital requirements. Senator Phil Gramm (R, TX) raised issues about community pressure groups, such as Barack Obama's ACORN, extorting money from banks by holding their feet to the CRA fire, and threatening to militate against mergers and acquisitions unless the banks entered into preferential agreements with community groups.
So bottom line Colorancher, know your facts before you put them on a CAR blog. I don't care about your political opinion, just like you probably don't care to read the facts that prove your opinions are based upon mindless indulgence in the liberal media and what they feed you.
09-29-2008, 11:50 PM
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RE: Buy a 2009 Rt or Invest in Stock Market???
ORIGINAL: Colorancher
I will suggest that the market will rebound tomorrow (Tuesday Sept. 30) by about 75% of the loss today (maybe 582 points). All it will take is the spineless Republicans who got us into this mees to vote yes on the market making plan. The $600B is not a tax hit. It is an investment in distreseed equities. The gov't could actually make money by gettting these mortage backed securities (yes, actually backed by physical properties) at pennies on the dollar. I do not think our gov't could actually make a profit (c'mon it is the gov't), but it is not just pouring tax money down the drain. Mark my words, right now, the Congress will pass a measure and the stock market will rise tomorrow.
I will suggest that the market will rebound tomorrow (Tuesday Sept. 30) by about 75% of the loss today (maybe 582 points). All it will take is the spineless Republicans who got us into this mees to vote yes on the market making plan. The $600B is not a tax hit. It is an investment in distreseed equities. The gov't could actually make money by gettting these mortage backed securities (yes, actually backed by physical properties) at pennies on the dollar. I do not think our gov't could actually make a profit (c'mon it is the gov't), but it is not just pouring tax money down the drain. Mark my words, right now, the Congress will pass a measure and the stock market will rise tomorrow.
http://www.americanthinker.com/blog/..._franklin.html
09-29-2008, 11:57 PM
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RE: Buy a 2009 Rt or Invest in Stock Market???
ORIGINAL: Billionaire
How about investing in rental property?
You can get paid rent every month forever.
I love passive income!!! Getting paid without working!
I heard there are organizations that own and manage rental property.
They do all the work and deal with all the hassles.
You give them your money and they will give you your share of the profits.
People will always need a place to live no matter what the economy is like.
There are other investments besides just stocks.
Personally I don't like stocks. They're such a gamble.
They say that when times are bad, cash is king. If you have cash, you can buy valuable income-generating assets such as real estate and businesses at bargain prices. They say to invest in businesses that provide basic necessities.
A new car is one of the worst places to put your money from a financial viewpoint. They just depreciate a lot and you lose your money instead of making money. A lot of millionaires are tightwads and they drive cheap old cars.
How about investing in rental property?
You can get paid rent every month forever.
I love passive income!!! Getting paid without working!
I heard there are organizations that own and manage rental property.
They do all the work and deal with all the hassles.
You give them your money and they will give you your share of the profits.
People will always need a place to live no matter what the economy is like.
There are other investments besides just stocks.
Personally I don't like stocks. They're such a gamble.
They say that when times are bad, cash is king. If you have cash, you can buy valuable income-generating assets such as real estate and businesses at bargain prices. They say to invest in businesses that provide basic necessities.
A new car is one of the worst places to put your money from a financial viewpoint. They just depreciate a lot and you lose your money instead of making money. A lot of millionaires are tightwads and they drive cheap old cars.
09-30-2008, 04:26 AM
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RE: Buy a 2009 Rt or Invest in Stock Market???
The problem with the economic mess is the "Mortgage market" being so tight,, correct.?
To open up the credit lines some want to spend $700 billion..
Why not have FHA secure ALL the mortgages.?
Total cost 40 - 50 billion..
(FHA is government backed mortgage insurance..)
And I agree that NOW is the time to invest in the stock market..
If I had some extra money I would put it all there..
A LOT of money was made in '29 and '87 by people that put their money in the stock market..
Buy Low, sell High..
To open up the credit lines some want to spend $700 billion..
Why not have FHA secure ALL the mortgages.?
Total cost 40 - 50 billion..
(FHA is government backed mortgage insurance..)
And I agree that NOW is the time to invest in the stock market..
If I had some extra money I would put it all there..
A LOT of money was made in '29 and '87 by people that put their money in the stock market..
Buy Low, sell High..
09-30-2008, 05:43 PM
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RE: Buy a 2009 Rt or Invest in Stock Market???
Markets rebounded today
But if the 700 Billion is not passed we will be back to what we had on monday by weeksend(let the market fallllll}
....
If you invest let say $20,000 in Visa at $56 a share today.
I am sure when the market gets better early next year the price will be around the $130-$150 mark.....
If not the stock will be auound $80-$90 with at least a $15,000 gain.....
Geeee that would be a nice down payment,,,,but I rather pay cash ,hate paying intrest
on something that I tradein every 2 or 3 years..........
But if the 700 Billion is not passed we will be back to what we had on monday by weeksend(let the market fallllll}
....
If you invest let say $20,000 in Visa at $56 a share today.
I am sure when the market gets better early next year the price will be around the $130-$150 mark.....
If not the stock will be auound $80-$90 with at least a $15,000 gain.....
Geeee that would be a nice down payment,,,,but I rather pay cash ,hate paying intrest
on something that I tradein every 2 or 3 years..........
10-01-2008, 02:38 AM
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RE: Buy a 2009 Rt or Invest in Stock Market???
My money is on the Challenger its in the garage It gives me a great feeling and I dont have to worry if its up or down just driving. There is no profit in the stock market unless you cash in your winners. I know one ,of my jobs is a commodity broker I have seen account values go up and down all the time. When someone gets out then it is a plus or minus. Just my thoughs good luck with your choice
10-01-2008, 08:08 AM
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RE: Buy a 2009 Rt or Invest in Stock Market???
Then I am glad you paid cash for your Challenger..........................
Not to invest in the stock market does not hold water
when all the stocks are falling............
I am losing money but it does not matter because economy will get better
and I just keep buying all the stocks that are falling and next year 2009
most stocks will be double if not more.
Buy 1000 of Rimm and make $60,000 sometime next year..................
And then buy 2 challengers Rts for cash
Not to invest in the stock market does not hold water
when all the stocks are falling............
I am losing money but it does not matter because economy will get better
and I just keep buying all the stocks that are falling and next year 2009
most stocks will be double if not more.
Buy 1000 of Rimm and make $60,000 sometime next year..................
And then buy 2 challengers Rts for cash