Re: Why Isn't Scott Complaining About This?

Greg Mossman wrote:
On Mar 12, 2:12 am, "Chris Guynn" <chris.gu...@xxxxxxxxx> wrote:

Some, but only a small amount. I actually invest in mutual funds.
I'm in my early thirties, so I don't worry about day to day
fluctuations. Ask me how my investments are doing in twenty years.

How are your investments doing in twenty years?

I predict they will be doing great.


I liquidated every single one of my individual holdings before they
completely tanked, but left the rest to ride out the storm. That's a
few muni bonds, not too hard hit, one corporate bond (Ford) worth
about half its face value, but set to mature next year at which point
I should get all my principal back if Ford hasn't filed for Chapter 11
by then, and the rest in mutual funds. Most of the mutual funds are
international, since I thought I was being clever to spread the risk
around to different countries. Unfortunately the rest of the world is
in worse shape than the U.S. and my international muni funds (Latin
America, Asia, New Zealand) have dropped more than half their peak
value. Hopefully, what goes down must go up. At least I didn't
invest everything in financial stocks.

Unless everything falls apart (in which case there are bigger things to
worry about than my investments), they will. I am actually excited that the
DOW is down in the 6000s. I've got a couple thousand dollars earning about
2% that I'm just itching to use to buy more mutual funds now that they're so
inexpensive.

It probably is a good time to buy right now if you have the cash. I
just spent roughly $1,000 on 750 shares of Ford which is either
throwing good money after bad if they end up bankrupt and default on
my bonds, or a great deal if they eventually recover back to $100/
share or so. The trick is to find those companies that are down and
out right now, but not so down and out that they can never recover. I
wish I had structured the recent sale of my business to get all cash
up front so I could make some larger investments, but unfortunately
it's going to be paid out over three years. If I can afford to live
off my meager salary from the other company, most of the sale proceeds
will go right back into the stock market. I'm also hoping I'll have
time now, with only one company to run, to practice law part time.
There are plenty of people in need of bankruptcy relief right now, so
I might as well try to make money off them whilst I can.

How are you increasing your contributions if you've gone back to
school? Do they pay people to go to school in Texas?

1.) I can get a part time job
2.) My wife and I can manipulate our budget to squeeze a little more out of
it for investment (right now, we're contribuitng a paltry $400 a month which
isn't bad considering we're living off of a $26k per year job while I take
18 hours of classes. Being debt free is a great thing.

Re: paying people to go to school in Texas. They aren't paying me. My
brother in law has some kind of scholarship through the workforce network
though, so I guess it's possible to get paid to go to school in Texas. I
think it's part of the unemployment package, but I'm not sure. I don't
technically qualify for unemployment because of the structure of my previous
employment, so I'm not really sure exactly what the deal is.


.

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