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Oct 6 2008, 08:14 PM
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Nothing says 'I love you.' like a box of Hydroshoks ![]() ![]() ![]() ![]() ![]() ![]() Group: Moderators Posts: 5,284 Joined: 23-December 03 From: Granbury, TX Member No.: 4 |
Since about 30, I've been saving, scrimping and hoarding pennies, working 2 jobs, 3 sometimes, all so that I could retire at 55.
Everything ... mortgage, debt, housing amenities, shop, tools ... everything was set up on this idea that I could retire with reasonable comfort and then work as I wanted, when I needed and do what I liked. The last year has seen that dream slowly dwindle into the reality that I will have to work at this stinking job till I'm a hundred and 55. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/unsure.gif) My job is great ... been there since March of 1982. I really like what I do. Unfortunately it comes with it's share of migraine headaches, mostly with the title of Manager attached somewhere. I was talking with a very good friend yesterday and he made some really good sense. Might as well pull all the money from market accounts and buy a new car. The drop in value couldn't be any worse. Oh well, just thought I'd rant a while ... kind of feeling sorry for myself. So I want all of you to feel bad, too. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/drink.gif) |
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Oct 8 2008, 07:30 AM
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#2
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Member ![]() Group: Advanced Members Posts: 122 Joined: 21-October 06 From: Marysville, CA Member No.: 1,423 |
Sorry, gotta dive into the rant ... both anecdotally and otherwise ...
My parents and in-laws were "depression babies". My father-in-law literally DID have coffee cans full of $100 bills buried in the orchard. His similar investment strategies saved him during Enron (they "only" lost a couple hundred K), and have preserved their estate today (down 10% or so ... incredible, given the current norm). My parents never believed in the market, investing their money in cd's ... "foolish" 10 years ago, but today? Brilliant! Education ... America's political system is BASED on the common man being educated enough to participate in government intelligently. Research Thomas Jefferson and his concerns about the new republic. That level of education (formal or informal, it doesn't matter) has risen dramatically in the last 300 years. You are not supposed to base your vote on a candidate's skin color! Nor how hot his running mate is! C'mon people, we have a responsibility, and to shoulder it we must UNDERSTAND it! Not just listen to the f*cking media! Am I biased? I don't think so, but I DO spend my days teaching college Math and Statistics ... and open my Stat students eyes to misleading media reporting of statistics every single day! An election year makes my lectures easy ... "read the paper today?, let's analyze the bullsh*t!" What happens in America still affects the world enormously... your vote affects America ... please learn something about the issues and the candidates' positions ... please vote intelligently ... /rant |
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Oct 8 2008, 10:16 AM
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#3
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Nothing says 'I love you.' like a box of Hydroshoks ![]() ![]() ![]() ![]() ![]() ![]() Group: Moderators Posts: 5,284 Joined: 23-December 03 From: Granbury, TX Member No.: 4 |
to shoulder it we must UNDERSTAND it! Not just listen to the f*cking media! I work in the media world ... corporate now, but for a few years, I was on a weekend ENG team for KLTV in Tyler, Texas. Everyone should spend a few days following field teams from electronic or print media. Your eyes would be opened to a world of lies, deceit, sensationalism and back stabbing. I've seen sh!t you wouldn't believe. If it has the term "news" associated with it, chances are it's more "opinion" or "bias" than "news". /rant Oh and Mike ... old man Mike ... thanks for the "pick-me-up" (IMG:http://www.frrax.com/rrforum/style_emoticons/default/nutkick.gif) |
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mitchntx Ever had a dream just disintegrate before your very eyes? Oct 6 2008, 08:14 PM
FBody383 QUOTE (mitchntx)Oh well, just thought I'd rant... Oct 6 2008, 08:46 PM
firehawkclone I know how you feel on a smaller scale. Sat the mo... Oct 6 2008, 09:35 PM
roadracetransam QUOTE (firehawkclone @ Oct 6 2008, 02:35 ... Oct 6 2008, 10:44 PM
rmackintosh QUOTE (firehawkclone @ Oct 6 2008, 04:35 ... Oct 7 2008, 12:55 AM
NJSPEEDER My view of the situation is simple, unless you are... Oct 6 2008, 09:41 PM
mitchntx QUOTE (NJSPEEDER @ Oct 6 2008, 04:41 PM) ... Oct 6 2008, 10:05 PM

trackbird QUOTE (mitchntx @ Oct 6 2008, 06:05 PM) D... Oct 7 2008, 12:32 AM

cccbock QUOTE (trackbird @ Oct 6 2008, 08:32 PM) ... Oct 7 2008, 01:02 AM

Eugenio_SS QUOTE (trackbird @ Oct 6 2008, 08:32 PM) ... Oct 14 2008, 12:40 PM
SStrokerAce QUOTE (NJSPEEDER @ Oct 6 2008, 05:41 PM) ... Oct 10 2008, 01:55 PM
mitchntx QUOTE (SStrokerAce @ Oct 10 2008, 08:55 A... Oct 12 2008, 11:22 PM
rmackintosh Sorry to hear of your plight Mitch.....this year h... Oct 7 2008, 12:58 AM
98_1LE Hang in there Mitch! Your dream hasn't dis... Oct 7 2008, 01:14 AM
nape The ray of sunshine about the whole situation? At ... Oct 7 2008, 04:08 AM
roadracetransam I think we are all having a crappy year. As for ... Oct 7 2008, 06:48 AM
pknowles As someone who is just starting his career in Janu... Oct 7 2008, 10:44 AM
NJSPEEDER Mitch, if you wanted to retire at 55 you were look... Oct 7 2008, 11:06 AM
CMC#5 When one door closes another one opens. Sorry Mitc... Oct 7 2008, 12:31 PM
98_1LE Social security will be around as long as there ar... Oct 7 2008, 12:46 PM
AllZWay QUOTE (98_1LE @ Oct 7 2008, 07:46 AM) Soc... Oct 7 2008, 02:22 PM
sgarnett The good and the bad:
The world economy is in the... Oct 7 2008, 02:16 PM
ledfoot2 I feel for you Mitch. Two years ago I was racing ... Oct 7 2008, 02:40 PM
mitchntx 401K ....
January 08 - $650K+ across fixed, U... Oct 7 2008, 03:03 PM
Jeff94TA QUOTE (mitchntx @ Oct 7 2008, 11:03 AM) 4... Oct 7 2008, 03:35 PM
AllZWay QUOTE (Jeff94TA @ Oct 7 2008, 10:35 AM) Q... Oct 7 2008, 07:44 PM
sgarnett Ouch. The amount of wealth that is simply evaporat... Oct 7 2008, 03:26 PM
NJSPEEDER The market is in a natural cycle, this time it is ... Oct 7 2008, 05:44 PM
sgarnett I think there's a bigger problem than that. Th... Oct 7 2008, 06:13 PM
mitchntx Any one read or watch Richard Fuld being grilled o... Oct 7 2008, 06:32 PM
matt f I know of people who were literally only months fr... Oct 7 2008, 06:37 PM
sgarnett Fixed income hasn't proven to be very safe eit... Oct 7 2008, 07:00 PM
ledfoot2 I would use a coffee can burried in the back yard.... Oct 7 2008, 07:29 PM
pknowles QUOTE (ledfoot2 @ Oct 7 2008, 03:29 PM) I... Oct 7 2008, 07:45 PM
NJSPEEDER QUOTE (mitchntx @ Oct 7 2008, 02:32 PM) A... Oct 7 2008, 08:01 PM
Jeff97FST/A Funny you mention the coffee can. We went to a par... Oct 7 2008, 08:04 PM
matt f Of course, you could be like a friend of the famil... Oct 7 2008, 08:57 PM
CMC #37 QUOTE (matt f @ Oct 7 2008, 03:57 PM) Of ... Oct 8 2008, 12:55 AM
jensend QUOTE (matt f @ Oct 7 2008, 02:57 PM) Of ... Oct 8 2008, 01:27 AM
sgarnett Another day, another month's pay gone Oct 7 2008, 09:36 PM
mitchntx QUOTE (sgarnett @ Oct 7 2008, 04:36 PM) A... Oct 7 2008, 10:39 PM
BigEnos Yeah my 401K is down about 25% or so on the year, ... Oct 8 2008, 01:29 AM
MikeP-99Z Mitch:
Wait for some good heavy rains, climb up o... Oct 8 2008, 07:09 AM
mitchntx OK .. so lets look at this a diferent way ...
The... Oct 8 2008, 12:57 PM
marka Howdy,
QUOTE (mitchntx @ Oct 8 2008, 08... Oct 8 2008, 01:58 PM
mitchntx QUOTE (marka @ Oct 8 2008, 08:58 AM) Taki... Oct 8 2008, 08:05 PM
FBody383 QUOTE (mitchntx @ Oct 8 2008, 03:05 PM) Q... Oct 8 2008, 08:48 PM
marka Howdy,
QUOTE (mitchntx @ Oct 8 2008, 04... Oct 9 2008, 03:11 PM
pknowles The Fed came out and lowered interest rates yester... Oct 8 2008, 02:22 PM
sgarnett Re the media, on any situation in which I've h... Oct 8 2008, 03:34 PM
FBody383 QUOTE (mitchntx)Any one read or watch Richard Fuld... Oct 8 2008, 08:43 PM
T.O.Dillinder Mitch,
Find happiness in the fact you have your h... Oct 16 2008, 03:53 AM
98_1LE Yes, a 401k loan simply takes the money out of the... Oct 9 2008, 02:43 AM
FBody383 QUOTE (98_1LE)I believe the money I yanked from my... Oct 9 2008, 02:32 PM
bsim There is absolutely no reason to ponder the value ... Oct 9 2008, 03:25 AM
mitchntx QUOTE (bsim @ Oct 8 2008, 10:25 PM) There... Oct 9 2008, 09:31 AM
bsim Oops, sorry Mitch. I gets b!tched at at work ... Oct 9 2008, 03:55 PM
bowtieboy Anyone take a look at the market today .
.......I... Oct 9 2008, 10:03 PM
PeteL Pete's rules for investing:If you need the mon... Oct 10 2008, 01:04 AM
sgarnett I really screwed up. Even though the 1999 Miata Sp... Oct 9 2008, 11:51 PM
bsim Brad's investing advice = Do the OPPOSITE of e... Oct 10 2008, 01:13 AM
CMC #37 QUOTE (bsim @ Oct 9 2008, 08:13 PM) Brad... Oct 10 2008, 01:30 AM
sgarnett Oh, I am buying a little stock now, as I can, and ... Oct 10 2008, 01:39 AM
Rob Hood QUOTE (sgarnett @ Oct 9 2008, 06:39 PM) O... Oct 10 2008, 03:19 AM
mitchntx Gm stock was and $4.xx /share and Ford stock ... Oct 10 2008, 06:54 AM
sgarnett Well, right now the most of the Asian/Australian m... Oct 13 2008, 01:19 AM
mitchntx LOL .... Oct 13 2008, 10:23 AM
v7guy while I'm sure things will continue getting wo... Oct 13 2008, 12:57 PM
sgarnett I agree it's a good time to buy (well, maybe n... Oct 13 2008, 03:10 PM
SStrokerAce Did today help??
Friday had all the signs of the ... Oct 13 2008, 08:13 PM
pknowles QUOTE (SStrokerAce @ Oct 13 2008, 04:13 P... Oct 13 2008, 09:05 PM
SStrokerAce QUOTE (pknowles @ Oct 13 2008, 05:05 PM) ... Oct 14 2008, 02:25 AM
sgarnett QUOTE (SStrokerAce @ Oct 13 2008, 09:25 P... Oct 14 2008, 03:37 AM
pknowles QUOTE (SStrokerAce @ Oct 13 2008, 10:25 P... Oct 14 2008, 03:45 PM
mitchntx QUOTE (pknowles @ Oct 14 2008, 10:45 AM) ... Oct 14 2008, 04:04 PM
sgarnett QUOTE (pknowles @ Oct 14 2008, 10:45 AM) ... Oct 15 2008, 12:50 AM
mitchntx I need some Maalox .... Oct 13 2008, 08:30 PM
mitchntx <burp> Oct 14 2008, 06:37 AM
AndyJ Hey all!
Yep, still around! .
I t... Oct 17 2008, 05:28 PM![]() ![]() |
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