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post #21 of 58 (permalink) Old 10-06-2008, 02:22 PM
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ONLY down -369 today. That is up 430 off the bottom of earlier in the day.

Still SUB10K. That is not a good sign. The BEST Performing Europe market was FTSE at -6%. Most were in the -8% range. South America was down -5% and Asia [last night was -5% aggregate.

If Asia capitulates this evening tomorrow will be worse.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #22 of 58 (permalink) Old 10-06-2008, 02:23 PM
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Like I said, beer, cheap wine.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #23 of 58 (permalink) Old 10-06-2008, 02:26 PM
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Which is why I am still skeptical of the gold story which is a collectible but somehow in the minds of many is treated differently due to the its historical usage as currency.
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post #24 of 58 (permalink) Old 10-06-2008, 02:48 PM
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Gold is stupid, it will bottom out too just like I predicted would happen with oil a few months ago.
I will still not panic about this market though and I agree with Jayhawk, start buying!
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post #25 of 58 (permalink) Old 10-06-2008, 03:20 PM
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Maybe, maybe not. High priced art works made it as a good keeper in the last big recession. Coins are sometimes good. But I agree on collector cars, they are as overpriced as the market, and I think houses are going to get a 50% correction, which will essentially ruin this country. Cars? Why anyone would pay a hundred grand for some metal-bodied sixties gas hog is beyond me, that market is insane.

The best investment? Beer, cheap wine.
Nobody buys a collector car to drive them. It ruins any car if you drive them and anything old drives like shit compared to anything new. They are garage art and investments you can tinker with, that is all.
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post #26 of 58 (permalink) Old 10-06-2008, 03:23 PM
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Maybe, maybe not. High priced art works made it as a good keeper in the last big recession. Coins are sometimes good. But I agree on collector cars, they are as overpriced as the market, and I think houses are going to get a 50% correction, which will essentially ruin this country. Cars? Why anyone would pay a hundred grand for some metal-bodied sixties gas hog is beyond me, that market is insane.

The best investment? Beer, cheap wine.
Nobody buys a collector car to drive them. It ruins any car if you drive them and anything old drives like shit compared to anything new. They are garage art and investments you can tinker with, that is all.
The property in question (and possibly others) is in the Pecos River area and canyon. Nothing wrong with Jemez, but close proximity to S. Fe is a must for resale I feel. Los Alamos is closest (Jemez) and is a good deal but that town is already a ghost town and its future uncertain.
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post #27 of 58 (permalink) Old 10-06-2008, 04:01 PM Thread Starter
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Nobody buys a collector car to drive them. It ruins any car if you drive them and anything old drives like shit compared to anything new. They are garage art and investments you can tinker with, that is all.
What exactly is your ROI over all the cars you have owned?

Don't believe everything you think
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post #28 of 58 (permalink) Old 10-06-2008, 07:32 PM
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What exactly is your ROI over all the cars you have owned?
$250k there abouts over a five year period regarding classic cars only with far less than that invested ($120k). I am getting better (always learning) as the start was quite slow if ROI is your only measurement. Mind you this is a hobby first and a money maker second. If it wasn't for the commercial real estate in Dallas none of this would be possible. There are better investments but I am sticking to what I know and enjoy. It is too hard to cover all the cars I have owned because many have been new car indulgences. As we all know those are massive losers.

Last edited by Shane; 10-06-2008 at 07:37 PM.
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post #29 of 58 (permalink) Old 10-06-2008, 07:36 PM
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$250k there abouts over a five year period regarding classic cars only. I am getting better (always learning) as the start was quite slow if ROI is your only measurement. Mind you this is a hobby first and a money maker second. If it wasn't for the commercial real estate in Dallas none of this would be possible. There are better investments but I am sticking to what I know and enjoy. It is too hard to cover all the cars I have owned because many have been new car indulgences. As we all know those are massive losers.

Nice! What kind of cars are you collecting? Muscle? Exotic? Antique? You have any particular brand loyalty?
post #30 of 58 (permalink) Old 10-06-2008, 07:38 PM
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I find it hard to believe you've been in BWOT since July and don't know the answer to that.

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