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To: russet who wrote (35799)4/8/2010 4:47:12 PM
From: Cogito Ergo Sum  Respond to of 233807
 
And if they go after registered accounts... why would divies be sacrosanct :O) Naw if push comes to shove.. I'm with Claude.. Land, guns, and good community relations..



To: russet who wrote (35799)4/8/2010 9:10:26 PM
From: cambus  Read Replies (1) | Respond to of 233807
 
*But the flaw here is that triple your amount of money is only worth what the origanal amount of money was worth 16 years ago.
You have gained nothing -admittedly you have your original value if thinga have gone right for 16 years.

I'm 72 now and I found that real estate with tenants helping pay and personal homes with no capital gains allowed me to increase the value of my equity for minimal work and risk.Probably my best investment was the #10,000 down I put on a wonderful family home which we lived in for over 30 yrs and sold recently for well in excess of a mill.We looked on the mortgage payments as rent which of course became less and less significant as inflation whittled its real cost down.

NO GUARANTEES EVER but I sure encouraged each of my 5 children to get into the real estate game and already they are ahead.
I tend to use the value of the average cost of a house in my area as the unit of value of my net worth and using leverage moderately I have done much better than if I had just relied on compound interest.you do have to consider affordability of homes compared to wages in the local area or you can get bitten ina bubble but reasonable opportunities always come along eventually.



To: russet who wrote (35799)4/9/2010 9:46:45 AM
From: Claude Cormier  Read Replies (1) | Respond to of 233807
 
|| Look what the politicians are thinking about now,...won't be the gold they'll be confiscating this time,... more like the RRSP.

Excellent point. I am very much afraid about that. Not sure if they could end up confiscationg the RRSP's but they could force you to invest in specific things lige government's instruments and limit the amount of withdrawal you can do.



To: russet who wrote (35799)4/9/2010 11:15:05 AM
From: Metacomet  Respond to of 233807
 
Right, left, or somewhere in between, over 75% of Americans now disapprove of the business going on within the walls of the once great building.

Which is testament to the powers of misinformation that pervade our media.

Not much reality sees print, but here is an interesting take on the reviled Obamanomics:

businessweek.com

The real tragedy would be if the mass hypnosis somehow succeeds, and the fools who got us into the mess are again allowed to drive.