The Cruising Life, by Jim Trefethen, and Cruising Financials

[SailorGregS]

I don't like "I told you so's" But if you purchased Manulife yesterday and Pengrowth, you could have sent the "sell" call out and made a nice profit.

March 9th my Manulife purchase was approx 10 per share, today, so far it's 13.17 - 25% gain. If it drops to 20 it's sold.

Pengrowth Income Trust, last purchase 5.93 as of right now, it's up 10%.

Capital growth, plus dividend payouts that never have been missed.

If you can buy Canadian Bank Stock and Insurance companies.

reportonbusiness.com: Canada envy, amid a global meltdown

[bb74]

Greg,

You may mean the best however the tone and sarcasm of the past few pages of posts is unwarranted to say the least. You may not be aware of the reality of many families out there, but many are having hard times and not all of this is due to their own financial planning skills. I've looked thru the posts on this link and although it was to have been about the "cruising life", somehow it has turned into a ...I told you so.... debate on investing and how anyone taking a different line than yours is a dope.

I commend you on making 6% these past years (but I guess you could have done that with just about any index fund eh?) and I hope for your sake you can continue to do so for the coming years which will be dramatically different IF the US decides to once and for all stop creation artificial growth based on suprlus money supply (high priced short term revolving credit).

No point in kicking people in the nuts while they're on their knees so please go easy on the "how much I made today" stuff. Please.

Regards,

[SailorGregS]

Hey bb74, that's the problem with message boards, 90% of the message isn't spoken or written.

Anyway, if you use the information I have provided and have user personally you won't suffer to the extent of other.

Good luck folks! If you have the cash, start buying and thank me later.

[erps]

Trust me, our standard of living has nothing to do with military and it's correlation of percentage of GDP which is directly related to a perverse foreign policy.

I disagree.

[SailorGregS]

Originally Posted by erps

I disagree.

Doesn't matter if you disagree or not, it's true, can't change fact.

I really am taking exception to your tone, and how you seem to be over patriotic. You seem to take pleasure in dissing our great country. When all I've done is take the time to help people with their cruising kitty. I may be off side on this one, but you are being too negative to me and to my great country, Canada, and you are trying to take what liberties you think exist.

If you wish to discuss any topic I will be more than happy to accommodate you in a private dialogue. If you don't understand simple everyday fact then there's not much I can do but wish you luck and much happiness.

Good luck my friend.

[erps]

I really am taking exception to your tone, and how you seem to be over patriotic. You seem to take pleasure in dissing our great country. When all I've done is take the time to help people with their cruising kitty. I may be off side on this one, but you are being too negative to me and to my great country, Canada, and you are trying to take what liberties you think exist.

My tone is factual. You have been exposed now. I'll let your words and mine speak for themselves.

[SailorGregS]

It seems like your one of the bailout receipients.

The great thing about long term investing is the rule of 72. If you take your rate of return and divide 72 by that value, the result is the number of years it takes your money to double. For example; if you get 10% on your money and divide 72 by it, then your money will double in value in 7.2 yrs.

The rule of 72 works very well, and it's geared towards the long term investor.

Here's another tip that might help with some decision making, and hopefully make you a ton of money.

Now that we've had months of bad new hitting the newspapers, airways, and websites everyone is getting used to it. The impact of bad news doesn't have the same physiological affect on people, which in turn makes the markets fluctuate wildly. If you have the money available, all the bad news coming out in the months to come won't make the market dive 10-12%.

[erps]

It seems like your one of the bailout receipients.

Nope, you would be wrong, which indicates evidence of poor judgment or a personal attack.

Thanks for sharing your investment advice although I'm a little surprised that a person with your knowledge and experience hasn't retired yet. After all, I'm just an ordinary fellow about the same age as you (if anything you say can still be taken as a fact) who has already married off a daughter, subsidized my son's college education, my boat is paid for and our condo is nearly paid for. Although our taxed and untaxed mutual fund portfolios took a big hit, I'm pretty confident that they will come back, as we're in it for the long term. The proof is in the pudding that a fellow like me with no financial savvy can get good results by not following your recommendations with steady investments into mutual funds.

[hellosailor]

"If you have the money available, all the bad news coming out in the months to come won't make the market dive 10-12%."
Hmmm...but the S&P 500 went from 683 to 750 last week alone, that's almost a 10% swing. And while it and the Dow are up this week--they've had greater weekly ups in the last year, followed by downs of way more than 10%. Even in one month, not to mention the year.

If what you are doing is working for you, great. I'd have to assume it is different from what you are suggesting here, where the numbers just add up the opposite way.

[SailorGregS]

It's interesting to me reading the comments back to see how people get into serious financial trouble, and end up on Dr. Phil.

But, whatever works, I hope it does for everyone. What ever will contribute to your cruising kitty. Just don't buy mutual funds, they are a poor mans tool for investing, and hardly ever produce. With MER's in the 2%+ range, that assures the managers make money.

Build the same thing as a MF by using ETF's and have fee's in the .25% range. It's a no brainer.

There is a fly in the ointment, and it comes in like this. The economy and lifestyle of the American public is controlled by the Chinese. If the Chinese decide to call the US on the notes, then the US will collapse, which will send the world economy into turmoil. Let's hope the Chinese government will allow the USA to exist, and keep buying notes and doesn't call. The US government has to assure the Chinese that they still offer a good investment, and that they will repay their loans. If they can't we are all in trouble.