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Go Back   SailNet Community > General Interest > General Discussion (sailing related) > Armageddon as an excuse
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Thread: Armageddon as an excuse Reply to Thread
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Topic Review (Newest First)
10-02-2008 04:53 PM
Alexeip
Quote:
Originally Posted by hellosailor View Post

The odds are better in Vegas. Not to mention, in Vega you can get comped for your room and drinks. Your broker doesn't do THAT for you, does he?
Ummm...... no.

Unless you mean the odds are better if you are THE HOUSE in Vegas.

There is not a single 10 year period where you wouldn't have made a profit by keeping your money in the stock market (even the one that ended in 1929). The trick to it is just what that Buffett quote said: don't panic. DON'T sell during a big downturn, because you can only lose money doing that (that doesn't mean keep your money in a crappy stock, obviously).

Sheesh. The world's not ending, people. Calm down.
10-02-2008 03:08 PM
knothead I love this video. And the song ain't half bad either.

10-01-2008 06:56 PM
ronspiker Well I don't consider this Armageddon but I do think that the plan is applicable if a major war starts. Get as far south as possible. The Southern Hemisphere will escape a lot of the stupidity that will engulf the US, Europe, and the Middle East.
10-01-2008 05:57 PM
lbdavis
now I'm in a pickle

Quote:
Originally Posted by hellosailor View Post
"this is when those seasoned investors start to pick up the good deals..."

The odds are better in Vegas.
Oh, thanks a lot, hellosailor... Now I don't know whether to take all my money and go to Vegas or take that cruise.

...god, i love vegas.
10-01-2008 05:02 PM
xort The 'big' drop Tuesday was only the 17th largest percentage drop in market history.
Is the glass half empty or half full? Depends on whether panic sets in.
10-01-2008 04:00 PM
hellosailor "this is when those seasoned investors start to pick up the good deals..."
Could be, but if you compare the drops in 87/88, we could easily see the market at 8000 before it begins a five-year recovery climb. This might be a good time for select investments--ignoring the bankruptcies to come--or, it might be 25% higher than the market will be by spring.

The odds are better in Vegas. Not to mention, in Vega you can get comped for your room and drinks. Your broker doesn't do THAT for you, does he?
10-01-2008 03:07 PM
J36ZT I don't think you need to use an impending economic doom or "Armageddon" as an excuse to go sailing or start the voyage for an extended cruise. But...it sure does help!

Skipper, J/36 "Zero Tolerance"
10-01-2008 03:01 PM
lbdavis
Quote:
Originally Posted by eherlihy View Post

Mostly by luck, the family had shoved off when the nation’s economic situation looked especially dire. When they returned, the dust had settled, jobs were plentiful, and the economy was booming again. Their tale was familiar to me. More than a few of our fellow cruising sailors during the early 1990s were young professionals who’d lost their jobs in corporate downsizing. Rather than fight for scraps in the shark tank, they took their meager savings and went sailing. When they finally returned to the workaday world, they had no trouble picking up where they left off.

So . . . if the news out of Wall Street is getting you down, look at it this way. It’s one more reason to go cruising – now. The way things are going, you won’t be missing much."
Nuf said. See you suckers later!!!
10-01-2008 02:59 PM
lbdavis
Quote:
Originally Posted by knothead View Post
I don't need a graph. My gut tells me my boat is my ace in the hole.

What does that graph represent anyway?
That's the DOW for the last 12 months. 14,000 to nearly 10,000. Almost -30%. I wonder if everyone's boats have depreciated 30% in the last 12 months?
10-01-2008 02:53 PM
knothead
Quote:
Originally Posted by lbdavis View Post
Has any one been using data such as the graph below to start investing in their boats to use as future migratory homes?



The way I figure it, I'll skip the bread lines and head south after hurricane season and head back north before the heat.

Plus, I figure I can't lose any more money if I put in my boat than I will if I leave it in my investments.
I don't need a graph. My gut tells me my boat is my ace in the hole.

What does that graph represent anyway?
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