Market crash: are we there yet ? - Page 47

xort · #**461** (**permalink**) 11-27-2007

Now I'm not sure about y'all, but thats the kind of profit I'm lookin' to MAKE on a stock. Sure beats the 2 pts I get at the local bank, eh?

I think that's at the root of many chicken littles...they have their money under the mattress.

cardiacpaul · #**462** (**permalink**) 11-28-2007

FINALLY,
market secrets revealed.
I wish this could have been explained in econ101

http://www.youtube.com/watch?v=SJ_qK4g6ntM

therapy23 · #**463** (**permalink**) 11-28-2007

Quote:

Originally Posted by cardiacpaul

FINALLY,
market secrets revealed.
I wish this could have been explained in econ101

http://www.youtube.com/watch?v=SJ_qK4g6ntM

LOL

Then cried a little.

kwaltersmi · #**464** (**permalink**) 11-28-2007

Go for real estate. Hold on to it long term. Weather the storm. That's my long term plan.

xort · #**465** (**permalink**) 11-28-2007

Quote:

Originally Posted by kwaltersmi

Go for real estate. Hold on to it long term. Weather the storm. That's my long term plan.

Don't forget to calculate the taxes & upkeep along the way

kwaltersmi · #**466** (**permalink**) 11-28-2007

Taxes, upkeep and capital gains (taxes again!). After that, you're home free!

therapy23 · #**467** (**permalink**) 11-28-2007

Quote:

Originally Posted by kwaltersmi

Taxes, upkeep and capital gains (taxes again!). After that, you're home free!

I tried that.
I bought a nice lot in and expanding area.
I sold it after seven years for a BIG profit.
I sat down with the file and added up everything.
I lost like 300 bucks.
Mattress would have worked better.

kwaltersmi · #**468** (**permalink**) 11-28-2007

What went wrong? Did you not account for capital gains, commissions, transfer taxes, revenue stamps? Where did the "BIG" profit go?

therapy23 · #**469** (**permalink**) 11-28-2007

Quote:

Originally Posted by kwaltersmi

Where did the "BIG" profit go?

Buying costs, you know, doc stamps, taxes, title search, survey - I can't remember them all.
Intrest.
Taxes - uppity-up ya know.
Advertising.
Realter fees.

Maybe more. It has been a long time as I am old now and that was when I was young and soon to be wealthy.

ReverendMike · #**470** (**permalink**) 11-29-2007

Quote:

Originally Posted by cardiacpaul

FINALLY,
market secrets revealed.
I wish this could have been explained in econ101

http://www.youtube.com/watch?v=SJ_qK4g6ntM

ROTFLMAO, then (like therapy23) I cried a little also....