[Rhodes22-list] Bush Speech

[Rik Sandberg]

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?
>>>
>>>
>>>
>>>
>>>
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>>> challenges?   Check out WalletPop for the latest news and information, tips 
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>> and
>>     
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>>
>>
>>
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