If you read Harry Dent - he believes the DJIA will goto 3800 soon. The economic stimulation helped nothing, and housing prices will fall further. He even suggests selling any homes you have and renting... Then buy back in. This is a real Harvard guy, with most his hypothesis comes from demographic research. Check this out. http://www.hsdent.com/ny_times_bestsell ... book_tour/
Uh Oh III
- Thread starter El and Bill
- Start date
Hi,
This year we used the boat more than ever. Aside from the usual weekends at the Jersey shore, we did a week cruise with some fellow C-Brats in Narragansett Bay and a Maine trip. My wife retired this year with a pension from a major drug company so we are blessed to have a good medical insurance plan with a minimal copay. After our daughters wedding December ouch, Next year we plan on doing a couple weeks in the Florida Keys in March and heading 2152 miles one way to Yellowstone and on down to Grand Teton and Jackson Lake in July or August. Our C-Brat friends are starting to plan on a trip from The Erie Canal to the Thousand Islands in September that we hope to include in next years travels. 2012 we hope to make it to Skagway following inspiration from Jay and Jolee of Hunky Dory fame. The three things I hope the government can do is get entitlements tied to some sort of public service work to prevent double dipping and to prevent illegal immigrants from sucking on the system that they have never paid into. Get spending and the budget in line to reduce the deficit. Lastly the 28th amendment that no law can be passed that does not apply to everyone including all three branches of our government. Hope to see some of you in our travels. I just hope we can till a small portion of what Bill and El have plowed in their adventures over the years. We feel blessed in spite of all thats happened to our country. Who knows what we would be doing if it were not for the C-Brats who were the driving force behind us buying a C-Dory. Our boat is our cottage by the sea.
Dave and Ginny Deem
This year we used the boat more than ever. Aside from the usual weekends at the Jersey shore, we did a week cruise with some fellow C-Brats in Narragansett Bay and a Maine trip. My wife retired this year with a pension from a major drug company so we are blessed to have a good medical insurance plan with a minimal copay. After our daughters wedding December ouch, Next year we plan on doing a couple weeks in the Florida Keys in March and heading 2152 miles one way to Yellowstone and on down to Grand Teton and Jackson Lake in July or August. Our C-Brat friends are starting to plan on a trip from The Erie Canal to the Thousand Islands in September that we hope to include in next years travels. 2012 we hope to make it to Skagway following inspiration from Jay and Jolee of Hunky Dory fame. The three things I hope the government can do is get entitlements tied to some sort of public service work to prevent double dipping and to prevent illegal immigrants from sucking on the system that they have never paid into. Get spending and the budget in line to reduce the deficit. Lastly the 28th amendment that no law can be passed that does not apply to everyone including all three branches of our government. Hope to see some of you in our travels. I just hope we can till a small portion of what Bill and El have plowed in their adventures over the years. We feel blessed in spite of all thats happened to our country. Who knows what we would be doing if it were not for the C-Brats who were the driving force behind us buying a C-Dory. Our boat is our cottage by the sea.
Dave and Ginny Deem
patrick and linda
New member
to dr. bob and checkpoint,
welcome to both,
first, checkpoint, i have read harry dents book, the great depression ahead, found it to be an interesting read, was recommended by my financial advisor, and when i finished reading it i loaned it to my daughter. my daughter manages our business and will buy linda and i out when i retire in/or about one year. i am not in the stock market as mentioned earlier. i do have 3 properties, 1 commercial in an excellent location, which i am not planning on selling until 2030 or thereabout. 1 property is a lake home currently for sale, located in a very good setting and then my primary home, located in a middle to upper scale neighborhood, which hasn't appreciated much in the 7 years from having it built. the only debt i have is on the lake home and that represents approx 38% of market value, once sold, we will be debt free. this is a plan that started 30 years ago, nothing over night here. i believe much of what dent has to say. if he's wrong i haven't hurt myself, if he's right i am better positioned for the future.
hello dr. bob, 9000 miles sounds like one sweet trip. linda and i can't wait to follow your footsteps. sorry to hear about the reduction in property values on the home front. i'm sure you have already petitioned your local county tax assessor to revalue your property and subsequently reduce your property taxes accordingly! many property owners have successfully applied for and have been granted lower assessments.
i just heard about a new bill being introduced, where we will be able to sign over our 401k, ira's to the government and our government will guaranty us a life time income, upon our death, the government would inherit the balance of the account, just like an annuity! sounds cool, just like social security! how's that workin' out so far?
always good to hear from you guys.
pat
welcome to both,
first, checkpoint, i have read harry dents book, the great depression ahead, found it to be an interesting read, was recommended by my financial advisor, and when i finished reading it i loaned it to my daughter. my daughter manages our business and will buy linda and i out when i retire in/or about one year. i am not in the stock market as mentioned earlier. i do have 3 properties, 1 commercial in an excellent location, which i am not planning on selling until 2030 or thereabout. 1 property is a lake home currently for sale, located in a very good setting and then my primary home, located in a middle to upper scale neighborhood, which hasn't appreciated much in the 7 years from having it built. the only debt i have is on the lake home and that represents approx 38% of market value, once sold, we will be debt free. this is a plan that started 30 years ago, nothing over night here. i believe much of what dent has to say. if he's wrong i haven't hurt myself, if he's right i am better positioned for the future.
hello dr. bob, 9000 miles sounds like one sweet trip. linda and i can't wait to follow your footsteps. sorry to hear about the reduction in property values on the home front. i'm sure you have already petitioned your local county tax assessor to revalue your property and subsequently reduce your property taxes accordingly! many property owners have successfully applied for and have been granted lower assessments.
i just heard about a new bill being introduced, where we will be able to sign over our 401k, ira's to the government and our government will guaranty us a life time income, upon our death, the government would inherit the balance of the account, just like an annuity! sounds cool, just like social security! how's that workin' out so far?
always good to hear from you guys.
pat
There will always be gloom and doom proponents like Harry Dent. He sells books and his target audience are those who believe the worse. A growing audience, unfortunately.
On the other hand, there are those who believe the economy is struggling and will continue to struggle as the average US family shifts from credit spending to responsible spending and I'm in that gang. As children with Depression parents, we learned the importance of savings at an early age. Knowledge we (as a group) did not routinely pass to our children and grandchildren. It shows.
My generation valued savings and eschewed debt. Our house CANNOT drop in value - it's paid off. It will and has dropped in market price, but not where it counts; a paid off roof over our head. That's worth more than money alone.
Yes, our portfolio has dropped in value as reflected in total net worth, but it only reflects the market. As a long time believer in dollar cost averaging, we still invest regularly. Mostly in dividend producing stocks and bonds from companies that will be here long after our grandchildren are around. Again, the focus on instant gratification still bites.
Boating? The only reason we stopped was physical, and now that my cardiac Roto Rooter has done his job, we're back. With the help of key Brats, we scored a C-16 at an embarrassing low price. Why? We knew the market, knew what we wanted, and had patience.
One of my economics profs once said that the market is its own entity and will go where it wants to in spite of our pathetic attempts to influence it. It's a matter of cultural consciousness, not reality.
I think he was right.
Don
On the other hand, there are those who believe the economy is struggling and will continue to struggle as the average US family shifts from credit spending to responsible spending and I'm in that gang. As children with Depression parents, we learned the importance of savings at an early age. Knowledge we (as a group) did not routinely pass to our children and grandchildren. It shows.
My generation valued savings and eschewed debt. Our house CANNOT drop in value - it's paid off. It will and has dropped in market price, but not where it counts; a paid off roof over our head. That's worth more than money alone.
Yes, our portfolio has dropped in value as reflected in total net worth, but it only reflects the market. As a long time believer in dollar cost averaging, we still invest regularly. Mostly in dividend producing stocks and bonds from companies that will be here long after our grandchildren are around. Again, the focus on instant gratification still bites.
Boating? The only reason we stopped was physical, and now that my cardiac Roto Rooter has done his job, we're back. With the help of key Brats, we scored a C-16 at an embarrassing low price. Why? We knew the market, knew what we wanted, and had patience.
One of my economics profs once said that the market is its own entity and will go where it wants to in spite of our pathetic attempts to influence it. It's a matter of cultural consciousness, not reality.
I think he was right.
Don
Captains Cat
New member
I just got out of the equities market (once again) so you can expect the market to climb smartly for the next few weeks!! :disgust
Charkue
Charkue
patrick and linda
New member
hi don,
i've read your post and would disagree with your statement, labeling a reader of a particular book, to be a negative person and/or a person that thinks the worst. i personally, am an avid reading of non-fictional books. one can find segments of truth in 99% of books written. for one to grasp an good understanding of the market, our economy and our general u.s. health, requires reading, getting involved in movements, watching people and their habits and of course voting. if you looked at our society and the ramped spread of obesity, one might say we are in for troubling times, not a negative statement, only a very negative situation. how do we help smokers deal with the fact that they have burned out their lungs and at the same time not hurt their feelings for having done so, rather than saying, ya dumb ass, you knew what you were doing and the consequences associated with your disgustingly bad habit, no we don't dare do that, we simply say, you have copd, no more smokers cough or smokers chronic bronchitis, no you have chronic obstructive pulmonary disease! saying one has copd is much easier than telling someone they caused this to myself! granted cigarette smoking is the leading cause of copd, however not everyone that has copd was or is a smoker. i've never met a successful person that wasn't well informed!
it's easy standing on the sidelines calling the umpire a bum, it's quit another to get in the game of coaching and/or umpiring the game.
just my two cents and probably worth less than that.
best regards
pat
i've read your post and would disagree with your statement, labeling a reader of a particular book, to be a negative person and/or a person that thinks the worst. i personally, am an avid reading of non-fictional books. one can find segments of truth in 99% of books written. for one to grasp an good understanding of the market, our economy and our general u.s. health, requires reading, getting involved in movements, watching people and their habits and of course voting. if you looked at our society and the ramped spread of obesity, one might say we are in for troubling times, not a negative statement, only a very negative situation. how do we help smokers deal with the fact that they have burned out their lungs and at the same time not hurt their feelings for having done so, rather than saying, ya dumb ass, you knew what you were doing and the consequences associated with your disgustingly bad habit, no we don't dare do that, we simply say, you have copd, no more smokers cough or smokers chronic bronchitis, no you have chronic obstructive pulmonary disease! saying one has copd is much easier than telling someone they caused this to myself! granted cigarette smoking is the leading cause of copd, however not everyone that has copd was or is a smoker. i've never met a successful person that wasn't well informed!
it's easy standing on the sidelines calling the umpire a bum, it's quit another to get in the game of coaching and/or umpiring the game.
just my two cents and probably worth less than that.
best regards
pat
patrick and linda":2td488do said:
What I actually said:
Sneaks":2td488do said:
I have to disagree back, Pat. Nowhere did I label all readers of Dent's book, however I did label his target market. Writers write to sell books after all. Intelligent readers always look at both sides but I really don't think they're in the majority in any controversial subject, be it health care, economics, or (especially) politics. It's not my place to judge Dent, the market will do that. Hopefully it will find him wrong....
Regards
Don
patrick and linda
New member
ok don,
charlie said we can only settle this matter like real men, and that sir is to see who can put a cold beer away in the fastest time! you may have me on this, i'm not sure, but before this meeting occurs i will seek counseling from byrdman, so better start practicing!
best regards
pat
charlie said we can only settle this matter like real men, and that sir is to see who can put a cold beer away in the fastest time! you may have me on this, i'm not sure, but before this meeting occurs i will seek counseling from byrdman, so better start practicing!
best regards
pat
Captains Cat
New member
patrick and linda":1qowi9d4 said:
I did NOT. What I said was "marshmallows at 50 paces". Whomever can throw one that far wins... :wink:
I hate to see two of my favorite Brats fighting. Kinda like my dog who gets upset when two of the cats tussle... :embarrased :cat :cat :dog :love
patrick and linda
New member
hi charles,
you will never see me upset with another c-brat, i might take issue with what's being said, as i have here, but never fighting or disrespectful.
i like my idea better, of course you or byrdman would have to give me good advice on the technique of downing a cold one!
hope all is well in your neck of the woods, as for me, tired of the heat! 94 again today.
best regards
pat
you will never see me upset with another c-brat, i might take issue with what's being said, as i have here, but never fighting or disrespectful.
i like my idea better, of course you or byrdman would have to give me good advice on the technique of downing a cold one!
hope all is well in your neck of the woods, as for me, tired of the heat! 94 again today.
best regards
pat
Captains Cat
New member
So much for this topic.... 94 is a cold spell. Nearly 100 here... You better quit fakin' that 27' C-dory in your profile.... 
Charlie
Charlie
patrick and linda":35ev2tll said:
Byrdman is a lightweight when it comes to beer, Patrick, and Charlie gave up his license long ago. Sally has him on a strict Hops free diet. So it's just you and me and my nephew. You're on. Guaranteed an Anderson is gonna come out the winner though.
Don
P.S. Yah, what's with your profile. From "Other", HIN is TOFOLLOW? Are you a closet Canuke? What year does that HIN decode to?
Captains Cat
New member
Don, he doesn't have a C-Dory but some off brand that has a hole in the bow... :roll:
He's "grandfathered" in here because he used to have sense and own a C-Dory and is older than both of us put together... :|
But all in all, he's a nice guy, I don't care what Linda says... :cry
Oh, and I still drink :beer occasionally. I wouldn't get into a :beer drinking contest with either you or Pat Anderson any more than I'd get into a pixxing contest with a stud horse. I've seen him in action, it's impressive!!
And here is the GREAT MAN in action at Langford in 2005!
Charlie
He's "grandfathered" in here because he used to have sense and own a C-Dory and is older than both of us put together... :|
But all in all, he's a nice guy, I don't care what Linda says... :cry
Oh, and I still drink :beer occasionally. I wouldn't get into a :beer drinking contest with either you or Pat Anderson any more than I'd get into a pixxing contest with a stud horse. I've seen him in action, it's impressive!!
And here is the GREAT MAN in action at Langford in 2005!
Charlie
Boont Boater
New member
I think that Harry Dent was famous for predicting a 30,000 Dow. Soo he's not always right. We talked about him a lot in a financial planning class I took. I think his main point about the changing demographics in the U.S. are important. Like Japan in the 80's we have an aging population bulge (baby boomers) who aren't earning and spending like they used to. If this really makes or breaks an economy then a lot of our fussing about politics becomes less relevant. One thing that we have going for us is the resourcefulness and industry of the American people (including immigrants).
Captains Cat
New member
About the DJIA, you can predict anything you want, sooner or later, you'll be right. Just like a clock that is broken is right 2X a day! (if it's a 12 hour clock)
Charlie
Charlie
Captains Cat
New member
Captains Cat":3n5zjqtu said:
I told you guys. Whenever you see that I've jumped out of the market, it's time to jump in and reap the benefits of my absence. Market is up 200+ at this moment and I'm on the sidelines... :roll:
Charlie
Boont Boater
New member
Charlie,
Could you give us a little bit more advanced notice before you sell off. It's hard for me to shuffle money around that fast.
Could you give us a little bit more advanced notice before you sell off. It's hard for me to shuffle money around that fast.