| Author |
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George Conklin
Guest
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 Posted:
Fri Dec 31, 2004 4:03 pm Post subject:
Re: Are you in favor of an SUV endorsement? |
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"DTJ" <dtj@comcast.net> wrote in message
news:gj99t0t07r8ethm1nedji76rnehpr77hbe@4ax.com...
| Quote: | On Thu, 30 Dec 2004 15:18:45 -0700, Olaf Gustafson <none@dev.null
wrote:
Please don't give us that crap that it is impossible - I started with
investing $20 a month, and accumulated $250,000 within 15 years.
And if you really turned $20 a month into $250,000 in 15 years, you
must have made some excellent investment choices. But I suspect that
you're not telling us that it's been a long time since you only
invested $20 a month.
I won't go into all of the details of my personal finances. However,
I invested that $20 for the first few years, and then stopped. I was
working at a company that paid approximately $1200 a year in profit
sharing. After about 8 years I went to a company where I saved about
$5000 a year for 5 years in a 401K. I took that money, less than $50k
total, and turned it into a quarter million very easily. Total time
may have been slightly more than 15 years now that I count them.
Guaranteed no more than 20.
The biggest issue the poor have is that the rich (read that as
liberals in control of the country) teach them they can't save, and
when they do save, they should only invest in bank accounts. All the
rich people are busy investing in stocks.
When I took the ~$50k and began controlling my investments myself, I
went from annual returns of less than 10%, to 28% the first year.
Every year I increased the yield, maxing out at 51%. Better than most
- yes. Unusual - not at all.
|
The 1980-1999 era was an strange one not likely to be repeated.
TIAA-CREF estimates that the average return for someone putting the small
amount from SS in their funds for the next 20 years is $100,000 for a
lifetime accumulation, which will not be enough to replace the amount of
reduction promised by government in ordinary benefits. In short, it is just
a way of cutting SS back to nothing, a long-term goal of the Republicans.
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Guest
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| Posted:
Fri Dec 31, 2004 7:34 pm Post subject:
Re: Are you in favor of an SUV endorsement? |
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Do some research before you comment WBMA. Commenting on a
subject of which you obviously have little or no knowledge makes
your posts appear even that much more foolish. Get a life LOL
mike hunt
DonQuixote-v-Windmills wrote:
| Quote: |
BigJohnson@mailcity.com wrote:
Perhaps not but oil helps keep them well fed. The US produces
most of the worlds food, and oil is one of the primary things
that makes that possible. Do some research as to what is done
with all of the things that come from the oil used by the US,
WBMA
You are going to make us cry with statement that oil goes to produce
food, which in turn goes to feed the poor children in Africa... :(
What a pity is not true. Actually goes to move the stupid SUVs and feed
that Oil Kingdom in the Middle East... |
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Guest
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| Posted:
Fri Dec 31, 2004 7:38 pm Post subject:
Re: Are you in favor of an SUV endorsement? |
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The is known as communism. History has proven that does
not work. You really need to do more research and get
a life LOL
mike hunt
DonQuixote-v-Windmills wrote:
| Quote: |
Only solution is the 80% to get together and cooperate. It's called
COOPERATIVES. They can even have a better life than the
predators--without money. Don't believe me? |
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Olaf Gustafson
Guest
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| Posted:
Fri Dec 31, 2004 9:47 pm Post subject:
Re: Are you in favor of an SUV endorsement? |
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On Thu, 30 Dec 2004 15:31:51 -0700, "Keith Schiffner"
<schistan@3rivers.net> wrote:
| Quote: |
"Olaf Gustafson" <none@dev.null> wrote in message
news:7hv8t0hr42m2b3fu9s3ab1g37lotf5ut9l@4ax.com...
SNIP
But even with investing $20 a month, the poor aren't
likely to get
rich from oil.
lol too volatile for me. My money is tied up in cannabis and
poppy futures. ;^)
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Well, cannabis is the #1 cash crop in the US - has been for years.
The poppy market is more volatile since it's difficult to grow in any
quantity in the US without getting busted.
| Quote: | The profit potential offsets the loss
potential. YVORMV |
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Olaf Gustafson
Guest
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| Posted:
Fri Dec 31, 2004 9:52 pm Post subject:
Re: Are you in favor of an SUV endorsement? |
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On Fri, 31 Dec 2004 01:16:10 GMT, DTJ <dtj@comcast.net> wrote:
| Quote: | On Thu, 30 Dec 2004 15:18:45 -0700, Olaf Gustafson <none@dev.null
wrote:
Please don't give us that crap that it is impossible - I started with
investing $20 a month, and accumulated $250,000 within 15 years.
And if you really turned $20 a month into $250,000 in 15 years, you
must have made some excellent investment choices. But I suspect that
you're not telling us that it's been a long time since you only
invested $20 a month.
I won't go into all of the details of my personal finances.
|
You're the one that brought them up, not me. I won't tell you how
much I sock away each month either, but it's more than $20.
| Quote: | However,
I invested that $20 for the first few years, and then stopped. I was
working at a company that paid approximately $1200 a year in profit
sharing. After about 8 years I went to a company where I saved about
$5000 a year for 5 years in a 401K. I took that money, less than $50k
total, and turned it into a quarter million very easily.
|
Without doing the math, it still sounds like you made some good
investment choices - congrats.
| Quote: | Total time
may have been slightly more than 15 years now that I count them.
Guaranteed no more than 20.
The biggest issue the poor have is that the rich (read that as
liberals in control of the country)
|
Liberals control the country? Bush isn't a conservative, but he's
hardly liberal.
| Quote: | teach them they can't save, and
|
Actually, it's the credit industry that teaches them that not only do
they not have to save, but that they can go into debt!
They should still know better though -
| Quote: | when they do save, they should only invest in bank accounts. All the
rich people are busy investing in stocks.
When I took the ~$50k and began controlling my investments myself, I
went from annual returns of less than 10%, to 28% the first year.
|
That is quite good. Most people are doing well if they can make 10%.
I'm satisfied with 15% - doubles my money every 5 years
| Quote: | Every year I increased the yield, maxing out at 51%. Better than most
- yes. Unusual - not at all.
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Yeah - 51% is not unusual. Dream on. |
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DTJ
Guest
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| Posted:
Sat Jan 01, 2005 1:43 am Post subject:
Re: Are you in favor of an SUV endorsement? |
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On Fri, 31 Dec 2004 11:03:01 GMT, "George Conklin"
<georgeconklin1@earthlink.net> wrote:
| Quote: | The 1980-1999 era was an strange one not likely to be repeated.
TIAA-CREF estimates that the average return for someone putting the small
amount from SS in their funds for the next 20 years is $100,000 for a
lifetime accumulation, which will not be enough to replace the amount of
reduction promised by government in ordinary benefits. In short, it is just
a way of cutting SS back to nothing, a long-term goal of the Republicans.
|
Well I am glad you see the benefit of cutting SS to zero, although
since it is the dimocrats who are always talking about it, I am
confused as to why you give credit to Republicans.
Everybody should work to convince government that SS is a waste of tax
payer dollars. People need to take care of themselves, and government
plans should only be available to the ones who are truly in need. |
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DTJ
Guest
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| Posted:
Sat Jan 01, 2005 1:48 am Post subject:
Re: Are you in favor of an SUV endorsement? |
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On Fri, 31 Dec 2004 09:52:28 -0700, Olaf Gustafson <none@dev.null>
wrote:
| Quote: | The biggest issue the poor have is that the rich (read that as
liberals in control of the country)
Liberals control the country? Bush isn't a conservative, but he's
hardly liberal.
|
Bush is the president, the liberal media, schools and corporations
control the country.
Don't tell me you thought the president had any real power other than
what the constitution gives him? I'll bet you are in that group that
is blaming Bush for the tidal wave.
| Quote: | Actually, it's the credit industry that teaches them that not only do
they not have to save, but that they can go into debt!
|
See above on corporations...
| Quote: | They should still know better though -
|
See above on liberal teachers and schools...
| Quote: | That is quite good. Most people are doing well if they can make 10%.
I'm satisfied with 15% - doubles my money every 5 years
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5.2 actually.
| Quote: | Every year I increased the yield, maxing out at 51%. Better than most
- yes. Unusual - not at all.
Yeah - 51% is not unusual. Dream on.
|
Nope. There are many of Fidelity funds (just one group of available
funds) that had returns averaging over 50%, and at least a few that
were averaging over 100%.
Gee, I can sit around and bitch about the cost of natural gas, or I
can invest in a fund that benefits from the cost, and more than makes
up for what I am losing in increased costs of heating my home. |
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Bernard Farquart
Guest
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| Posted:
Sat Jan 01, 2005 1:53 am Post subject:
Re: Are you in favor of an SUV endorsement? |
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"DTJ" <dtj@comcast.net> wrote in message
news:baebt0l10vkk3q7t76kvhn7e5osddd4lru@4ax.com...
| Quote: |
Everybody should work to convince government that SS is a waste of tax
payer dollars. People need to take care of themselves, and government
plans should only be available to the ones who are truly in need.
|
Are you saying you are in favor of "means testing" for retirees
to receive SS?
'cause I am right with you on that one.
Bernard |
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DonQuixote-v-Windmills
Guest
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| Posted:
Sat Jan 01, 2005 2:24 am Post subject:
Re: Are you in favor of an SUV endorsement? |
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MelvinGibson@mailcity.com wrote:
| Quote: | The is known as communism. History has proven that does
not work. You really need to do more research and get
a life LOL
|
How ironic, it works for the country that you so much defend. You even
subsidize it so they can have a better quality of life. But better,
they have OPTIONS while you are stuck with a MONOPOLISTIC LION. And
that sounds like communism to me. ;)
Do I need to say the country? |
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Sancho Panza
Guest
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| Posted:
Sat Jan 01, 2005 3:09 am Post subject:
Re: Are you in favor of an SUV endorsement? |
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"Nate Nagel" <njnagel@flycast.net> wrote in message
news:O-qdne7jNNZXTkncRVn-og@comcast.com...
| Quote: | As I thought, just another blowhard too lazy to cite cites or do a
google search. No need to prolong the agony, don't bother to reply.
|
What a joker! A Google search produced plenty of hot air from you and not
one fact. You don't have any key words to even conduct a search. Stand naked
for all the world to see and don't expect more free rides. |
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DonQuixote-v-Windmills
Guest
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| Posted:
Sat Jan 01, 2005 3:20 am Post subject:
Re: Are you in favor of an SUV endorsement? |
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DTJ wrote:
| Quote: | On Fri, 31 Dec 2004 09:52:28 -0700, Olaf Gustafson <none@dev.null
wrote:
The biggest issue the poor have is that the rich (read that as
liberals in control of the country)
Liberals control the country? Bush isn't a conservative, but he's
hardly liberal.
Bush is the president, the liberal media, schools and corporations
control the country.
|
The liberal media (NYT et al) would rather bail out of Iraq, now that
things went wrong. But the corporations with their puppet president
want OIL, and nothing but oil. Of course, they ain't evil, they only
want to keep the SUV crowd happy. No wonder you are his cheerleaders.
;)
| Quote: |
Don't tell me you thought the president had any real power other than
what the constitution gives him? I'll bet you are in that group that
is blaming Bush for the tidal wave.
|
Not for the tidal wave, but yes for the 4 hurricanes that hit Florida
in a row.
| Quote: |
Actually, it's the credit industry that teaches them that not only
do
they not have to save, but that they can go into debt!
See above on corporations...
They should still know better though -
See above on liberal teachers and schools...
|
The liberal teachers and schools must be very unhappy, not because they
are liberal, but because they suffered big cuts in education to finance
an stupid war. |
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DTJ
Guest
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| Posted:
Sat Jan 01, 2005 9:03 pm Post subject:
Re: Are you in favor of an SUV endorsement? |
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On Fri, 31 Dec 2004 20:53:41 GMT, "Bernard Farquart"
<bernardfarquart@hotmail.delete.com> wrote:
| Quote: |
"DTJ" <dtj@comcast.net> wrote in message
news:baebt0l10vkk3q7t76kvhn7e5osddd4lru@4ax.com...
Everybody should work to convince government that SS is a waste of tax
payer dollars. People need to take care of themselves, and government
plans should only be available to the ones who are truly in need.
Are you saying you are in favor of "means testing" for retirees
to receive SS?
'cause I am right with you on that one.
|
At a minimum, yes. Really, I think SS should be eliminated. People
need to take care of themselves. Although, as I understand the need
to offer temporary assistance, such as unemployment, I would not fight
offering temporary support to retirees who are in dire need. The
problem is how to do so without encouraging people to not save. |
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DTJ
Guest
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| Posted:
Sat Jan 01, 2005 9:03 pm Post subject:
Re: Are you in favor of an SUV endorsement? |
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On Fri, 31 Dec 2004 20:53:41 GMT, "Bernard Farquart"
<bernardfarquart@hotmail.delete.com> wrote:
| Quote: |
"DTJ" <dtj@comcast.net> wrote in message
news:baebt0l10vkk3q7t76kvhn7e5osddd4lru@4ax.com...
Everybody should work to convince government that SS is a waste of tax
payer dollars. People need to take care of themselves, and government
plans should only be available to the ones who are truly in need.
Are you saying you are in favor of "means testing" for retirees
to receive SS?
'cause I am right with you on that one.
|
Yes, I still am. :-) |
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DonQuixote-v-Windmills
Guest
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| Posted:
Sat Jan 01, 2005 9:42 pm Post subject:
Re: Are you in favor of an SUV endorsement? |
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"We can accomplish Peace in 2005"
Howdy, Peace on Earth!
Well, I can throw a model here that I think includes all the actors as
well as the motives behind terrorism...
THE LAW OF THE JUNGLE
Once upon a time, in the deep jungle, lived a Lion and a Monkey... One
day the Monkey, tired of the Lion always taking the LION'S SHARE, and
seeing that such injustice represented a danger to all, demanded
JUSTICE... The HUNGRY LION, yawning and stretching, said, "You would
have to have paws and sharp teeth..." Then the Monkey, who was very
clever, devised a plan: He would go to the costume store, and look like
a lion...
When the Lion saw him, noticing that the new lion wasn't a match for
him, and fearing COMPETITION, killed him on the spot --before the
indifferent look of the little animals of the jungle... And that's how
the Law of the Jungle was re-established one more time...
NOTE: Other monkeys survived him...
***
This HUNGRY LION is very peaceful, that is until his lion's share is
challenged. "How dare you? Well, I'm the King of the Jungle, and I give
a damn." There's a problem though: Your lion's share rides on the GREAT
INJUSTICES committed over billions of little animals. "Never mind, you
would have to come up with an armed revolutionary struggle and have
real teeth and paws to show." Well, you know the rest of the story:
There's no military match for the King of the Jungle. But the new
violent monkeys are intent on beating the beast and say, "The hell with
it, one way or another we'll get the mother f***," and then the little
animals start putting the dead to both sides... :(
Well, guys, for the whole thing to stop, there's but one single
solution: STOP THE JUNGLE! Yep, THE JUNGLE MUST GO. It must be ended
for big and small; the lion's share must be, well, shared; he must end
his MONOPOLISTIC BEHAVIOR that don't allow for CHOICES; and the
indifferent little animals must be taught to not ever again live with a
lion as if pretending there's none. That would be a happy ending to the
story indeed. ;)
http://committed.to/justiceforpeace |
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Guest
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| Posted:
Sun Jan 02, 2005 2:21 am Post subject:
Re: Are you in favor of an SUV endorsement? |
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You better, it can't be the USA. The USA is a, democratically
elected, Constitutional Representative Republic of independent
states. The USA operates on a capitalist system. But then
perhaps we should expect
that you do not know that. LOL
mike hunt
DonQuixote-v-Windmills wrote:
| Quote: |
MelvinGibson@mailcity.com wrote:
The is known as communism. History has proven that does
not work. You really need to do more research and get
a life LOL
How ironic, it works for the country that you so much defend. You even
subsidize it so they can have a better quality of life. But better,
they have OPTIONS while you are stuck with a MONOPOLISTIC LION. And
that sounds like communism to me. ;)
Do I need to say the country? |
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