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Old 12-07-2013, 07:47 PM   #41
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One of the 10 best in Texas, rated by his peers, for his financial performance and integrity. I don't care if he's team captain of a glee club J Mac. I hired him to protect me from the wall street robbers that got me in '08. I couldn't hire Buffet.
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Old 12-07-2013, 08:09 PM   #42
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I hired him to protect me from the wall street robbers that got me in '08.
Good luck, since they pretty much just paid fines or settlements, and had plenty of money left over to carry on.
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Old 12-07-2013, 08:10 PM   #43
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I remember examining an individual who had owned a lot of land that was in the way of the planned Baltimore Subway system. The state came in under eminent domain and paid him a handsome fund for his subway right of way land. Between that and another large capital gain due to stock sales there was a sizable tax owing in excess of $15,000,000. The return was stamped "received with remittance". The individual liquidated all his stocks and was retired in Florida as a gentleman cattle ranch owner.

As part of my examining process I try to learn something about the individual. My education was in Economics and Accounting, his was Finance. This man had patents on cardboard homes that could be built in third world countries, but due to US and BOCA rules could not manufacture in the US. This man had built the doomed Olympic Village where the Israeli team were killed with his unique cardboard construction. He was a fascinating person.

My point is while discussing some of our economic theories and financial wizardly during the exam he relayed the following synopsis. If he had just left his money in the bank and not invested it over 50 years, he would have been just as well off as he is now, except he would not have lost 10 years of his life worrying about what other people were doing with his money in the stock market. He says he can sleep more soundly now that he is out of the market. These words have remained with me.
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Old 12-07-2013, 08:25 PM   #44
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One of the 10 best in Texas, rated by his peers, for his financial performance and integrity. I don't care if he's team captain of a glee club J Mac. I hired him to protect me from the wall street robbers that got me in '08. I couldn't hire Buffet.
Well that's great! Follow his financial advise and leave it at that.
Too bad he wasn't around for you in '08 it sounds like he's a financial advisor as well as a philosopher.
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Old 12-07-2013, 09:25 PM   #45
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It's called sleeping money. That idea is flawed. The more money the feds print the less your "banked" money is worth. And they are printing lots these days. Your right about one thing Jim... financial wealth can shorten your life with worry. That's why I hired a competent advisor so I can live without watching the markets. Like Buffet, he may never retire. He's one of those few down to earth who loves what he does.
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Old 12-07-2013, 09:52 PM   #46
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I wonder how many investors before 2008 had those same praises about their money and investment managers?
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Old 12-07-2013, 10:02 PM   #47
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I just moved some money into a mutual fund, so if you guys were smart, you'd get out of the market...
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Old 12-07-2013, 10:09 PM   #48
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We feel the same. Our kids are our best friends.
A quote I once read: " the last check you should write is to the undertaker and it should bounce "
Hi; robertg... Always remember this. Be kind to your kids... as they will probably be the ones who chose your nursing home!!! Alf
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Old 12-07-2013, 10:20 PM   #49
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Addressing the earlier angst expressed concerning getting too complicated with options on what essentially is a "simple get away from it all fiberglass trailer"....

Presently I'm in the middle of a kitchen remodel (that has also morphed into including a bathroom remodel). Talk about angst! There are way too many ways to spend money on what primarily is simply food preparation. I'm sure I am going to enjoy the final product, but at times, like early in the morning when I'm the only one up, I get a strong case of second guessing the expensive decisions already made.

When I get around to ordering or purchasing the Escape of my dreams, I'm leaning towards simple is better, as my personal goal in "getting away from it all" is simply that. Escapes come with so many standard features, that I can't imagine getting too many options.

Of course, I'm setting myself up to eat these words...
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Old 12-07-2013, 10:52 PM   #50
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"you know you want it all Leonard...you need all the options and more"
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