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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (48206)	4/8/2004 11:38:55 AM
From: LLCF	Read Replies (1) \| Respond to of 74559

<I am not up to speed on it,> Obviously... and why understand it? Easier to throw mud and stomp your feet. Reality: You own lot's of puts in 'real life' through insurance vastly more overvalued than what I just bought. I own NONE of those and am in the enviable position to be able to self insure... saving sick amounts of money directly to the account, and buy undervalued puts on the S&P [and overvalued asset IMO, but you don't even have to believe that to see the beauty if you understand the situation] locking in value on both sides.... [EVEN THOUGH THE PROBABILITY OF OUT OF THE MONEY POOTS GOING IN THE MONEY IS ALWAYS < 50%] yum, maybe make even Jay enviable... although I wouldn't be surprised if he was actually SELLING insurance as well.... he, he....You 'Warren Buffet' Jay! I don't pay that much attention, too busy on the tractor and futzing with the Salmon habitat. :)) DAK

To: Ilaine who wrote (48206)	4/9/2004 1:58:13 AM
From: Cogito Ergo Sum	Respond to of 74559

something like twirling my mustaches and swirling my cape, and saying that I bought something LOL --- I've got you now Nell and Dudley's can't save you... -- Snidely Whiplash... spots.dns2go.com BTW people should start saving for the kids' educations as soon as kids are born. Maybe that's wrong headed on my part but I've already got enough for my 11 year old to go to university in projected future costs... discipline.. discipline... plus taking advantage of government programs... eg. here the government gives you a 20% grant annually on contributions to an education plan up to 400$ annually... plus this most gracious bear and now bull market have greatly contributed... Spots...