WorkFE's Account Talk

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This conversation reminds me of a love story regarding noodles. There are several co-ed dormitories on the campus of the University of Florida. One of these dormitories had a fire alarm go off and all students had to vacate the building. One male student took his bowl of hot noodles with him to finish eating. There was a young female student standing next to him outside and her hands were cold. So our gentleman student offered to let her hold his bowl of hot noodles and that led to more conversation. The young lady actually lived on a lower floor directly under the gentleman student. To make a long story short they started dating and ended up getting married several years later on campus where they met that eventful night - same location. Now that's sweet. And you guessed it - the bowl was there too.
 
The mortgage and credit sickness that brought banks and brokers to their knees has now infected the companies that insure our lives and protect our families.

If they start jacking my auto and home owners insurance because they invest like pigs, they can have it all. I'll take the foreclosure, repossesion and bankrupcy. Fiscal policy forces me to pay for others arrogance, soon if you own a car or house the regulations put in place to safeguard against accidents will be getting what is left.

It is hard to believe we have an illegal immigration problem.

I can't think of a single reason the market wasn't up 1000 points today:D
 
Today is always a day to be happy (FRIDAY) but checking the futures makes it tough to enjoy this one.
Probably bounce around alot, make some people pull the trigger and then end flat.
I am holding 25 G,C,S,I. If it looks like the day is headed south big I might throw in my last 25 dry powder then Hibernate for awhile.
I am heading to FLW, Mo. sunday for TDY
Everyone have a great weekend.
 
Birchtree said:
This conversation reminds me of a love story regarding noodles. There are several co-ed dormitories on the campus of the University of Florida. One of these dormitories had a fire alarm go off and all students had to vacate the building. One male student took his bowl of hot noodles with him to finish eating. There was a young female student standing next to him outside and her hands were cold. So our gentleman student offered to let her hold his bowl of hot noodles and that led to more conversation. The young lady actually lived on a lower floor directly under the gentleman student. To make a long story short they started dating and ended up getting married several years later on campus where they met that eventful night - same location. Now that's sweet. And you guessed it - the bowl was there too.
Click to expand...

Birchie, let me take a totally wild guess. The gentleman and scholar wouldn't have been you, would it? ;)
 
This market is not going to show its hand until 12:01
DOW 2500 to 3000 by April 1st. Thats going to hurt. (Like not properly tying your rig when rappeling):worried:
 
Wall Street suffers worst February since 1933

And let me tell you guys something, it was really bad that year.
You know when I open a newspaper or watch the news on TV you would think that things are great in Iraq and Afganastan, there are know pirates left off the coast of Somalia, World hunger has been solved. I mean 2 Nuclear Subs crashed into each other and it got 5 minutes of air time.

I believe these m#%$^&@&*^ believe it is fine to over cover the economy into absolute oblivian.
We get it.
I see good things happen everyday and would be a better story than writing some Bull Crap story that only serves one purpose. Creating Fear. No wonder news papers are losing their shirts. Try leaving your office and actually investigate something. Do a story of the thousands of people in this country who are doing something that makes a difference.

Done Ranting:D
 
"The one permanent emotion of the inferior man is fear - fear of the unknown, the complex, the inexplicable. What he wants above everything else is safety."

Henry Louis Mencken

"We witnessed a stock panic in late 2008, an exceedingly rare event. The dictionary definition of this is a sudden widespread fear concerning financial affairs leading to credit contraction and widespread sale of securities at depressed prices in an effort to acquire cash. (Let the weak hands continue to get out.) Panics are bubbles in fear which drive investors to liquidate everything they can at any price. They get so scared they only want to hold cash." So what's an investor or speculator to do? Ride the coming inflationary wave. Bernanke says it's two years away so there is plenty of time to prepare. Some of this deluge of new money will flow into beaten-down stocks and commodities.

http://safehaven.com/article-12403.htm
 
This is absolutely a buyers market Birch. Just be careful where you put your hands.
Having my Military retirement already I never paid much attention to my TSP.
Fortunately I moved all my wifes Walmart 401K to cash preservation alittle less than 2 years ago. Let me tell ya, she's like a gun slinger in the old west, so ready to pull the trigger and dive back in at these prices. We started talking about it when we were at DOW 9000 and we are still holding steady.
 
WorkFE said:
Having my Military retirement already I never paid much attention to my TSP.
Click to expand...

I wish TSP had been round when I was in. 50% of an enlisted man's pay is not enough to live on. At least not in Western WA. I'm not sure 75% would be. When I got out 50% of my pay was other than base pay. So my retirement/retainer is 25% of what I was making active duty. Don't get me wrong, it's a great residual income base and makes my house payment. And you get out young enough for a second career. If TSP had been available I might not have had to work after I retired. It's something for any young military reading this to think about.
 
True JB,
I am not sure when TSP came about for active duty. I am pretty sure I had 15-20 years in already. I manage my son's my pay. He gets mad at me because he is still at that party stage but after 3 years he has way more saved up than I ever did when I was 22.
He knows where I am coming from but he still gets itchy palms. I back off his allocation when he whines to much just to pacify him.
I don't think he'll make a career out of it but I told him he can always roll it over to a future 401K or IRA.

Have a great weekend
 
WorkFE said:
True JB,
I am not sure when TSP came about for active duty. I am pretty sure I had 15-20 years in already. I manage my son's my pay. He gets mad at me because he is still at that party stage but after 3 years he has way more saved up than I ever did when I was 22.
He knows where I am coming from but he still gets itchy palms. I back off his allocation when he whines to much just to pacify him.
I don't think he'll make a career out of it but I told him he can always roll it over to a future 401K or IRA.

Have a great weekend
Click to expand...

You are a wise man and a good father to get your son investing at that age. My son is also active duty (3 tours Iraq/Kuwait) and he doesn't contribute much if at all. He is married with children but my advice and experience falls on deaf ears. I keep hoping he will come to his senses before he is in the same boat as me at retirement.
 
It's easier with my boy. No diapers. Something my wants to be a grandmother (Wife) is anoid by.:D

Nobody realy gets smart about their future until they are 60. I still gotta a little ways to go myself.

Tell your son to be safe and Thank You.
 
Just got back from TDY at Fort Leonard Wood. What do you all do to the market?
 
Take small bites everybody and chew your food completely before swallowing. And whatever you do, don't look at the ticker you might scare it.;)
 
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