[Rhodes22-list] Bush Speech
Rik Sandberg
sanderico1 at gmail.com
Sat Sep 27 11:16:20 EDT 2008
Brad,
Hmmm, thought that was Will Rogers, but maybe he only stole it from Ole Sam.
Pretty good advice either way, in my mind
Rik
Ayn Rand was a prophet - - it isn't my fault
Will Rogers often said, "There's nothing quite like money in the bank." He went on to say, "I'm not so concerned about the return on my money as I am about the return of my money."
Brad Haslett wrote:
> Rik,
>
> You just paraphrased Mark Twains number one rule of investing: Don't
> worry about the return on your investment, worry about the return OF
> your investment.
>
> Brad
>
> On Sat, Sep 27, 2008 at 9:42 AM, Rik Sandberg <sanderico1 at gmail.com> wrote:
>
>> Rummy, Art, et al,
>>
>> The winners in all we are embroiled in now will be the guys who lose
>> least. For a time it might be best to worry less about making money and
>> concentrate on retaining what principal you have. Yes, you might lose a
>> bit to inflation, but better to lose a little to inflation and still be
>> building a bigger principal, than to lose to inflation AND lose
>> principal too.
>>
>> There WILL be some bargains out there after a bit, but you have to still
>> have the money to take advantage of them when they come. This means,
>> don't lose it now. Tighten up those stop losses.
>>
>> Just some free advice and probably worth every penny :-)
>>
>> Rik
>>
>> Ayn Rand was a prophet - - it isn't my fault
>>
>>
>>
>> Arthur H. Czerwonky wrote:
>>
>>> Rummy,
>>> Right on the money, so they say! I think the key factor in a retirement mode, if any can be, or wants to be really retired, is being able to adjust the budget output without great pain. I don't like the investment losses either, but just plan to cope for the time.
>>> Art
>>>
>>> -----Original Message-----
>>>
>>>
>>>> From: R22RumRunner at aol.com
>>>> Sent: Sep 25, 2008 1:13 PM
>>>> To: rhodes22-list at rhodes22.org
>>>> Subject: Re: [Rhodes22-list] Bush Speech
>>>>
>>>> Brad,
>>>> I have a lot of land and a lake (still with some water/today) and very
>>>> talented wife that loves to can and garden. We could become very self sufficient
>>>> if need be. My losses in real estate value and stock market value will bottom
>>>> out, but I don't have to sell anything. I can still afford to pay my bills
>>>> and ride this out. Right now I'm mad as hell and I'm not in a frame of mind to
>>>> bail people out because of bad business practices and decisions. Recession
>>>> or depression, I don't care. Bring it on. We all seem to need a new lesson
>>>> every 90 years or so.
>>>>
>>>> Rummy
>>>>
>>>>
>>>> In a message dated 9/25/2008 11:45:05 A.M. Eastern Daylight Time,
>>>> flybrad at gmail.com writes:
>>>>
>>>> Rummy,
>>>>
>>>> I feel your pain! Now who are you going to get the money from?
>>>> Franklin Delano Raines, Obama's buddy, did have to pony up some cash
>>>> after he left Fannie Mae and perhaps we'll collect some from some
>>>> other Wall Street types. But you're concentrating on "cutting off
>>>> your nose to spite your face". You are the first turd headed down the
>>>> shitter (your description, not mine). If the wheels fall off the
>>>> economy, how much money do you think will be spent on roofing? We
>>>> have a gunshot victim lying on the floor and right now we need to
>>>> offer medical assistance. We can argue about how many years to
>>>> sentence the shooter later.
>>>>
>>>> Brad
>>>>
>>>> On Thu, Sep 25, 2008 at 10:22 AM, <R22RumRunner at aol.com> wrote:
>>>>
>>>>
>>>>> I am not about to pony up anything for this mess. Greed is what got us to
>>>>> this point and the ones that made the money should fork it over. I don't
>>>>>
>>>>>
>>>> have a
>>>>
>>>>
>>>>> mortgage and personally don't give a rats ass about anyone stupid enough
>>>>>
>>>>>
>>>> to
>>>>
>>>>
>>>>> have got caught up in this mess. Let them all go down the shitter
>>>>>
>>>>>
>>>> together.
>>>>
>>>>
>>>>> Rummy
>>>>>
>>>>>
>>>>> In a message dated 9/25/2008 9:14:29 A.M. Eastern Daylight Time,
>>>>> rlowe at vt.edu writes:
>>>>>
>>>>> But wait, $700B spread
>>>>> among 300M citizens is only around $2300 a person, why not just ask
>>>>> everyone to pony up their share?
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> **************Looking for simple solutions to your real-life financial
>>>>> challenges? Check out WalletPop for the latest news and information, tips
>>>>>
>>>>>
>>>> and
>>>>
>>>>
>>>>> calculators. (http://www.walletpop.com/?NCID=emlcntuswall00000001)
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>>>>>
>>>>>
>>>>>
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>>>>
>>>>
>>>>
>>>> **************Looking for simple solutions to your real-life financial
>>>> challenges? Check out WalletPop for the latest news and information, tips and
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