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investing forum

21 years ago

SPIKE sure would like to see the investment forum open up!!

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Comments (12)

aileen
21 years ago
Spike may have thought that there was enough poor investment advice going around without the Garden Web adding to it.

Some of the advice was good, but some of it really was foolish. I sure hope that some of it was ignored. No one can afford bad advice when it comes to retirment money.
pinecone
Original Author
21 years ago
AILEEN, I am sorry that I confused you. I did not necessarily mean the stockmarket. To me investing is every thing you do with your money.
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The only thing Dave has said that I can disagree with, is that it's 'simple' to find all your posts by typing in your user name in a search. Yes, it does bring up all your posts, but it doesn't bring them up in chronological order. If you've been here for years as many have, you could have many pages of posts to review before you might stumble upon your most recent posts. I gave up on trying to find my posts in that way. I did decide to 'check the box' on each thread I post to, so that it will be sent to my email. That was not easy either. I had to contact support because after repeated efforts to set my account to allow emails, it wasn't changing it. Once I did contact Tamara, they did change it and now I do get emails for the threads I'm following. But, I don't always get them and sometimes they come into my email box days later. lol But, for now, that is working the best so far for trying to keep up with threads I am following. But my email box is now needing a lot more time weeding out. I use the Cornell site to read reviews on different vegetable varieties and like that site. I have however started following others' suggestions that Google/Gardenweb searches turn up better results than GW and have found that works better for me sometimes. I try the search function and if the results are just too random and I find myself *sighing*, I just start a new thread and ask for what I need. edit: I see someone above has said, that sometimes other members 'insist I do a search'. I have rarely had that happen to me, thankfully. My way of looking at it is, that every subject we discuss is a repeat of some earlier discussion. Some of the forums, especially over the winter, are so inactive, that any discussion is a bonus, even a repeat one. If we all did searches and found the answers we needed, we wouldn't need to be discussing live every day. And btw, even if you find posts on the subject you are looking for, they are not always giving you what you want. Sometimes there will be 3 posts on a thread. Or the exact question you wanted to ask was not discussed. Or the person on the forum with the most experience was not on that day. This post was edited by prairiemoon2 on Fri, Jun 27, 14 at 17:07
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A recent speaker warned newbies not to start marketing veggies until they had two things: a fence and an irrigation system. I'm just a tiny market gardener who hardly makes anything each year, but my first investment was a fence. White tail deer in the east can jump an 8 foot fence, but usually won't. I have an old barbed wire fence that is in rickety shape, but put a 6 foot welded wire fence 6 feet inside the barbed wire one. The deer don't seem to want to jump that much horizontal span, so I rarely have had any problem with deer over the last few years. However, once a rabbit or woodchuck gets in (when the gate is open presumably) he get "locked in." A live trap or a .22 works to solve those problems. Expecting most other solutions to work may be unrealistic, especially in certain years when the deer population is large, as they are forced to seek food where they normally might not bother. So the non-fence protection things work depending on the deer pressure. I love to wish people good luck in growing, but if they think they can outsmart nature in all years without fencing, I think they'll need a lot more than my good luck wishes. Ann
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What's a 'healthy' investment into an old home?
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victoriandream, My DH is an attorney & banker. He is NOT a handyman although he tries...Bless his heart. We are both gardeners &, if I do say so myself, accomplished gardeners. So, we've done the garden restoration & hired 95% of the home renovations. It took us about 15 minutes with a heat gun to realize that we were never going to be able to strip all that paint off the millwork ourselves. And, if we did we would ruin the woodwork! :) There are times in economic & societal cycles when historic homes ARE a good investment. We are not now nor have we been in that type of cycle for, maybe, the past 8 years thereabouts. Will it again turn in favor of historic homes? Sure, but who knows when? Just like...if one had such a desire...avacado-green carpet is again available. (Ugh!) Everything is cyclical. You should, IMO, never purchase an historic home with the intention of making a bundle. That's not realistic. Facts are that it costs considerably more to restore these homes than it would to bulldoze & build new on the site. Those pesky appraisers & lenders don't share our emotional attachments so they often block our dreams of grandeur. In many cases, they save us from ourselves! Yes, we had kids. The ranged in age from 8 to 13 when we purchased that 1848 colonial. Our son is a pro at stripping wallpaper! During their teen years they had great ghost stories to entertain their friends! They may have suffered from things we did as parents (?); but I don't believe living in a period home did them any lasting damage. LOL You will know your stewardship is over when you hesitate before starting the next project. Or, you'll know when the checkbook is running on fumes because you can't even stay in a period home, much less restore it, without being bankrolled. They suck money like a vacuum from your wallet. Your daughter is precious! And, what a grand lady your home is! Wonderful that you've got old pictures for a guide. Did you have to strip ALL that millwork? OMG! I think you've done a lovely job of maintaining the 'feel' for the kitchen while still bringing to a 21st century functionality. I love the windows. The windows in our 1848 home were narrow & tall. Window treatments were like trying to dress spaghetti! Yes, our East Lake, Brilliant Period Cut Glass, & tapestries would have worked wonderfully in your home. The auction was sorta fun...we've actually done that thing twice (auctioning off our entire household...that's how we've managed to upgrade our collections...buy, sell & then re-purchase fewer but higher quality pieces). I've got a cupboard that would be lovely in your kitchen...it's c. 1865 so very appropriate to your home. Here's its official description: A circa 1860-1870 step-back cupboard having pie shelf beneath shaped apron beneath a top case consisting of pair of paneled doors with tombstone and molded design with applied cornice molding. Top case rests on bottom case; double drawers above conforming paneled doors having recessed tombstone and molded design matching doors in top case; side panels of lower case also with inset tombstone shaped panels; side of bottom case terminates with successful "cupids bow" base cutout; front apron and feet conform to shaping above pie shelf. This cupboard retains desirable original chrome yellow surface with red highlights; faux birds eye decoration. (84-inches tall X 45-inches wide X 19 1/8-inches deep.) That's funny about you wanting to become boaters! We started with a small 21' sport lobster boat & quickly got a bad case of "Two-footitis". That's a common disease amongst boaters & it's contagious. We ended up with this...she's a Nordic Tug outfitted for long-distance cruising...the Bahamas to Maine. Stay away from boat shows. They are dangerous places! rofl I can really understand why you fell in love with your home & I'm sure she's grateful for your efforts. I know this may sound like blasphemy; but, have you considered a B&B? If not your heart, at least your tax returns would thank you. :) Your family will make many wonderful memories living in that house. If it were me, I'd sigh & start on that siding before the season gets away! :) /tricia
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Comments (13)
>>If you decide to see a financial planner, avoid the ones who spam internet message boards with their services.Mona could not be speaking of Dave Donhoff, whose input I also enjoy and respect immensely. Dave is NOT a financial planner, nor does he pass himself off as one. He is, however, very knowledgeable in his field, which is mortgages and equity - how people handle their debt, in other words. The only true financial planners are Certified Financial Planners (CFP), who specialize in estate and financial planning, either through annual fees (percentage of investible portfolio) or hourly. They are registered and licensed. No stock broker or any kind of financial advisor who is not a CFP, has any true fiduciary responsibility when handling your money. Note I said handling, not advising. You can take advice from anyone, even me or Dave. But you don't want anybody EXCEPT someone with fiduciary (e.g., legal) responsibility, to be handling your money. Many people get confused and think financial planners are those guys who give "free" seminars and then try to railroad you into buying insurance you don't need or wild'n'wacky hedge funds. But people who are the "real deal" in the CFP world don't operate that way. It isn't worth their while - most of them have minimums of at least $250K for a client's portfolio. Those are liquid funds for investing, not your house equity or stock options. And many go even higher, to $1M+ needed in liquidity before you can become a client.
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Jonesy
21 years ago
We don't invest our money, it is in CD's and a good thing to. My sis and a couple of friends lost a great deal of money in the stock market. All of my family and friends are hanging onto their life savings and I can't figure out why. We are spending ours and enjoying it.
joyfulguy
21 years ago
The idea is to spend your last dollar on your last day of life.

Has anyone figured out how to do that (excepting committing suicide, of course)?

Unless one wants to leave a little for one's kids - or/and deserving charities.

I think that life will be tougher for the youger generation(s) - a lot of computer work is done in India.

I heard a while ago that recently a major call centre was established there, as well. Operates in a system similar to ones here - but at about half the cost. Staff using names such as "Kathy", "Linda" etc. They'll have to amend their pronunciation if they want to pass as local when talking to people here.

Our middle class is being eroded.

If a kid age 15 invests one single dollar ...
-and gets 5% rate of return - value at age 65 will be $11.00 plus;
-and gets 10% rate of return, value at age 65 will be $117.00 and change,
-and gets 15% rate of return, value at age 65 will be $1,070.00 plus.

No allowance for the erosion of ongoing income by income tax, or of value of the underlying asset due to inflation.

Learning how money works (and the effects of income tax) is an interesting hobby - that pays well.

Many people spend more time and energy planning their vacation that how to finance their retirement.

Good wishes to you and yours,

joyful guy/Ed
andrasnagy
17 years ago
Retire Worry Free: Essays on Risk and Money Management
Product Details:
ISBN: 0975309315
Format: Paperback
Pub. Date: February 2003
Publisher: Murine Press
"Nearly 8 trillion dollars were lost after the dot.com bubble and the ensuing stock market sell-off between 2000 and 2002. This bubble caused life-style changes for pre-retirees and caused 10 Wall-street broker firms to pay off 1.4 billion to unhappy investors in settlements. It has become clear that one must manage one's financial affairs and try to do a better job doing it. Personal application of Modern Portfolio Theory and unique Money Management ideas in this book will help the reader to plan better. The book also explains in detail the long hidden secret of success of the famous Turtle Trading."

Here is a link that might be useful: Buy it from Barnes and Noble
devorah
17 years ago
Gosh, what a coicidence that you and the author have the same name. I think that separating me from $20 is your investment plan
joyfulguy
17 years ago
Jonesy

You don't invest?

Your money is in CDs?

It's "invested" - in an asset which can't grow in size.

On which the borrower pays you rent for the use of your money.

And pays you back, at the end of the term, precisely the same nmber of dollars that s/he borrowed.

Each one of which will buy less than when you began to let them use it.

ole joyful
pinecone
Original Author
17 years ago
Greetings to who ever reads this forum.
Gee it was a shock to see a post when I had asked Spike to open the Investing forum back up in 02 and here it is May 06 and a post shows up on my original question. How nice to see.
If I remember right I was to be the monitor. But there was no need at that time.
I am glad to see the interest the forum is generated.
Keep in mind you are not supposed to list an add for anthing to sale (I should check the rule, it may have changed). I think the book would be on the gray line. I will post on the investing forum soon. Till I do to ans the subjects that have come up about "investing" Here are my thoughts.
True life is an investment in Time, Talent, Looks, Money, Food, Love, Hate, Fear, Education, Music, Land, Timber, Bank CD, Stocks, Bonds, Cotton, Gold and the BEAT GOES ON and the LIST GOES ON!

Happy Trails till we meet again,
pinecone
joyfulguy
17 years ago
pinecone,

Be sure that your sins will find you out!

Actually, when you're out ...

... most likely your sins will get a recorded meswsage.

ole joyful
Chemocurl zn5b/6a Indiana
17 years ago
andras...Hate to tell you this, but all that book contains is some old and pretty common knowledge.

I'm with Devorah, and will invest my money on something with hopefully a better return...lol

Sue....enjoying retirement
joyfulguy
17 years ago
Chemo,

Your kids will tell you ...

... if you yell long enough, and often enough ...

... sooner or later, it usually gets action.

Sometimes the action that you want.

ole joyful
skagit_goat_man_
16 years ago
I've only taken an active interest into our retirement accounts over the past half year. But from what I've found it seems that a bank savings account at today's rates just looses you money or at best just keeps you even when inflation is taken into account. There are plenty of FDIC banks that offer money market accounts on-line and are paying just below or above 5% interest. In these accounts your money is available and it is just as secure as in your home town bank. Tom

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