11
   

I'm taking matters into my own hands to help the economy

 
 
Miller
 
  0  
Reply Wed 8 Oct, 2008 01:39 pm
@Linkat,
Linkat wrote:

I just upped my monthly investments by increasing my contributions into mutual funds by $200 a month. Everything is a bargain right now and this money I am investing is not going to be used for at least 8 years.

Come one you good for nothings - help the economy and make money - I figure if it is good enough for Warren Buffet, it is good enough for me!


You're not WARREN BUFFET...
Miller
 
  0  
Reply Wed 8 Oct, 2008 01:41 pm
@shewolfnm,
shewolfnm wrote:

I have done something similar.

it is a Mason jar, in my apartment.
Im not sure I have faith in our banking systems as they are..


Good for you! Some of the richest people in Boston have several shopping bags full of cash. Can't blame them, that's for sure.
Miller
 
  0  
Reply Wed 8 Oct, 2008 01:42 pm
@cicerone imposter,
cicerone imposter wrote:

shewolf, Any money in a FDIC bank is insured by the government up to $250,000 for individuals.


I like that "insured by the government" part. Duhhhhhhhhhhhhhh...
cicerone imposter
 
  0  
Reply Wed 8 Oct, 2008 01:53 pm
@Miller,
And you are? LOL

0 Replies
 
cicerone imposter
 
  0  
Reply Wed 8 Oct, 2008 01:53 pm
@Miller,
Good for them; but what's your point?
0 Replies
 
cicerone imposter
 
  0  
Reply Wed 8 Oct, 2008 01:54 pm
@Miller,
If our money is not safe in FDIC insured banks, you can just kiss our economy goodbye. Once gain, what's your point?
0 Replies
 
Linkat
 
  2  
Reply Wed 8 Oct, 2008 02:24 pm
@Miller,
Yeah right - if I was, I wouldn't be sitting here typing this crap out, I'd be swimming naked in my pool of money.
chai2
 
  1  
Reply Wed 8 Oct, 2008 02:36 pm
@Linkat,
Thanks for starting this thread linkat.

I've been thinking of cramming some cash into mutual funds right now, remember the old adage of buy low, sell high.

It's pretty low now....on sale.

I'm going to attend to this in the next couple of days.
Linkat
 
  1  
Reply Wed 8 Oct, 2008 03:39 pm
@chai2,
Hey - by starting this thread - I may have more an impact on the economy than the "bailout" and the Fed lowering the rate combined!

And I would only ask a sincere thank you. That's all.
cicerone imposter
 
  1  
Reply Wed 8 Oct, 2008 04:24 pm
@chai2,
chai, Just a little hint; don't put all your eggs in one basket.
mason738
 
  -1  
Reply Wed 8 Oct, 2008 05:01 pm
@Miller,
Miller- You have a good point. Wait until the ghetto boy begins to send more money into the inner city. You don't think so? Do you know Chicago? Run by a bunch of minorities with Daley as a figure head with one of the highest sales taxes in the country. 10.25%. That is OBAMA's city. Just wait to see what he does to the country.
0 Replies
 
mason738
 
  0  
Reply Wed 8 Oct, 2008 05:07 pm
@Miller,
By the way, Miller, I hear you have one of the finest governors in the country in Massachusetts. DeVal PATRICK. You know,of course,that he is one of Obama's good buddies. A Brother! How has he done in MASS? Or areyou afraid your computer is tapped?

Obama may wellappoint DEval to a post in his cabinet along with Cynthia( FLAPMOUTH) Mc Kinney and the delightful lady from the coast(MaxineWATERS). can youjust see the first cabinet meeting?

Immediately after,ladies and gentlemen, we will have LUDICRUS with his rap group to entertain the crowd.
0 Replies
 
Green Witch
 
  1  
Reply Wed 8 Oct, 2008 05:18 pm
@shewolfnm,
Quote:
I have done something similar.
it is a Mason jar, in my apartment.
Im not sure I have faith in our banking systems as they are..


People do not make money from their salary, the make money from their investments.The best way to create personal wealth is to use your money to make more money. There are plenty of safe ways to earn some interest - even the lowest paying CD is better than a mason jar or mattress. Talk to your local banker.

I agree that this is good opportunity to do some investing if you will not need the cash for a few years. There are some good company stocks now available at a discounted rate. I agree that we are really investing in America's economic future. Go Linkat!, I'm right behind you.
chai2
 
  1  
Reply Wed 8 Oct, 2008 05:40 pm
@cicerone imposter,
oh no, don't worry about that, I'm well diversified.

but thanks, I appreciate input.
0 Replies
 
cicerone imposter
 
  1  
Reply Wed 8 Oct, 2008 06:04 pm
@Green Witch,
GW, I agree with you 100%. Without investing into our economy, we pretty much gave up on it. That only says we don't trust our economy; and that only provides us with a dead end.
0 Replies
 
talk72000
 
  1  
Reply Sun 12 Oct, 2008 04:50 am
@cicerone imposter,
If the debt to equity raio of 35:1 used by the Wall Street banks is true then there is a lot more credit crunch ahead as $35 trillion would be required to ease the crunch assuming they have $1 trillion equity. It is assumed or rumored that $65 trillion of mortgage-based certificates are floating around like millstones on bankers' necks worldwide. Also short selling will begin and sound corporations could be targetted by junk bond artists like Icahn, T. Boone Pickens and such like vultures. It appears the recession will be starting and the downward slide will be quite a while.

Don't forget all the defense spending did very little domestically with bombs costing $1 million each, GIs' salaries spent in Iraq, fuel and equipment failure and damaged or destroyed (those drones are a few million bucks each), private contractors like Blackwater, black expenses by CIA to covert actions, etc.

Job losses from free trade and outsourcing contribute to America workers becoming low wage earners unable to afford their mortgages. Less disposable income contributes to less sales for big item retail outlets and on and on...
0 Replies
 
gungasnake
 
  -1  
Reply Sun 12 Oct, 2008 06:37 am
I'm helping the economyby voting against democrats.

http://neverfindout.org/#TB_inline?height=380&width=640&inlineId=video_energy
talk72000
 
  1  
Reply Mon 13 Oct, 2008 05:41 pm
@gungasnake,
'The Quick and the Dead' starring Sharon Stone and Gene Hackman with newbies Russell Croweand Leonardo DiCaprio.

Gene Hackman plays Herod who controls the town and uses strongarm methods to reward himself and his cronies. Stranger comes to the town and Sharon Stone plays her. She manages to get rid of the town bully and bring law to the town.

Reality Politics:
George W. bush plays Herod who controls Washington and uses stealth and strong arm tactics to reward his cronies Wall Street bankers, Halliburton, oil companies, etc. Stranger comes to the town and Barack Obama p;ays him. Well, we will see if he wins the election and rid the Washington bullies (Republicans) and bring law to Washington as after all Obama is a law professor.
0 Replies
 
mismi
 
  1  
Reply Mon 13 Oct, 2008 07:58 pm
@Linkat,
Quote:
Hey - by starting this thread - I may have more an impact on the economy than the "bailout" and the Fed lowering the rate combined!

And I would only ask a sincere thank you. That's all.


HOLEY MOLEY LINKAT - you did it.
http://news.moneycentral.msn.com/briefing/StockTicker.aspx
Linkat
 
  1  
Reply Tue 14 Oct, 2008 07:41 am
@mismi,
Yep - it only took a couple of days too! And coincidently or not " the 11th is the day I have my monthly contributions to 529 and 401 plans invested. <I think not!>
0 Replies
 
 

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