Investment

» codfish - Bragging Rights

In response to Bragging Rights posted by Kirk:

As someone who lived through, and am still in the process of rebuilding from hurricane Katrina, I take offense at the partially sunk shrimp boat. In fact, I would cancel my subscription to your newsletter if it wasn't for the 300% gain in FNSR this year, and the $30k increase in my CACS holdings in the past 2 weeks.
Maybe I'm just a little thin skinned.........I guess I'll have to learn to take a joke ; )

-- posted by codfish

» Jas_Jain - Bragging Rights

In response to Bragging Rights posted by codfish:

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"if it wasn't for the 300% gain in FNSR this year, and the $30k increase in my CACS holdings in the past 2 weeks."

That should help plenty in your rebuilding, fish.

You should realize your gains by selling these two hoties and thank Kirk by buying a life-time subscription.

Jas

-- posted by Jas_Jain

» Normxxx - Performance measurement

In response to Performance measurement posted by allancoleman:

The only suggestion I would have is to move a portion of your bond funds to the international sector. I would definitely not advise investing in gold, silver or commodities, except by way of the PrudentBear Global Bond Fund, or the Hussman bond Fund or, if you feel really rambunctious, by way of one of the Pimco "Real Value" Funds (research the latter carefully; all have strange rules on fees, redemption, etc.)

http://www.prudentbear.com/funds_pshf_fa...

http://www.marketwatch.com/News/Story/St...

I think we may still have one MOABO left this Fall... (After BB panics— and lets loose the dogs of easy money.) We may even have a mini-bounce in RE.

But, who knows?

Also, check out "Peso Problem?"

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The contents of this letter/report does not necessarily reflect the opinions or viewpoint of normxxx. They are provided for informational/educational purposes only.

The content of this message is not to be construed as constituting market or investment advice. It is intended for educational purposes only. Individuals should consult with their own advisors for specific investment advice.

-- posted by Normxxx

» Moonlight - Bragging Rights

In response to Bragging Rights posted by Jas_Jain:

I'm sorry if you take offense, but as for me the RV with a view gave me the belly laugh I really needed. We are RV people just moved from beautiful Callif. to Texas for help with my husbands medical condition. That RV view warms my heart and I sent that image to lots of friends so they can see where we live. Oh what fun.

-- posted by Moonlight

» TonyFromGlendale - Bragging Rights

Would you guys mind if I bragged a little from here in Glendale? I am in escrow (has NOT closed yet, due to close June 9th) selling some units that I purchased in August of 1976 for $273,000.
Selling price...$4,650,000. Love California Real Estate.

-- posted by TonyFromGlendale

» AL_W - Bragging Rights

In response to Bragging Rights posted by TonyFromGlendale:

10% per year across 30 years. Plus all those positive cash flow years. Good investment Tony.

Just curious, how hard do you expect the taxman to hit you?

-- posted by AL_W

» TonyFromGlendale - Tax man on RE sale

If I can do it right, the tax man will not get me at all by doing a 1031 exchange.

-- posted by TonyFromGlendale

» TonyFromGlendale - Kirk's Questions...Brag. rights

A 1031X needs to stay with "real estate" but it can be vacant land, commercial, etc. In my case I will use the 1031X to purchase a single family, rent it, and then convert it to a personal residence. You can rent to anyone as long as it is a "fair market rent" and in my case I will rent back to the sellers for a year. And yes you can do a smaller 1031x. I probably will, and pay some taxes...although I am working on that. I bought this $273,000 property with 10% down, and a 10% second. The 1st TD was a bank loan, and the second from the seller. No partners. Flying solo. The property currently has a 4.5% loan adjustable staying fixed for 5 years which I hate to give up with Washington Mutual. Over the years I have tapped equity. The first apt. rent was $135.00 monthly, and now the last rented was $1175.00. I love California real estate.

-- posted by TonyFromGlendale

» Jas_Jain - Re: Kirk & Tony -- ...Brag. rights

In response to Kirk's Questions...Brag. rights posted by TonyFromGlendale:

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Kirk: “I’m impressed with people who had the insight and wherewithal to leverage themselves and make money with real estate, be they smart teachers or Donald Trump.”

Do you know how many real estate companies that Trump has brought to bankruptcy over the past 30 years?

BTW, looking back it is always easy to see who were the geniuses. “Genius is rising Prices”! What do they say about being at the right place at right time? It is always good to remember these things to keep things in the proper perspectives. I congratulate Tony for his success, but people need to learn extreme caution after a great run.

Tony: “I love California real estate.”

Maybe, you love it too much, Tony. As long as you can handle 80% decline in all your properties, including your residence, you are gonna to be OK; otherwise, all your gloating might make you eat the humble-pie. Oh, and you can handle a 90% decline in your Scams, in case you own some.

Longer these asset bubbles take to correct worse the outcome is gonna be. Just keep that in mind.

Jas

-- posted by Jas_Jain

» Jas_Jain - Re: Kirk & Tony -- ...Brag. rights

In response to Re: Kirk & Tony -- ...Brag. rights posted by Kirk:

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"Speaking of humble pie, do you care to share with us how your US Treasury Strips are doing so far this year?"

First, you NEVER talk about my gold recommendation. Gold has much more than compensated for the losses in USTs this year. Second, the UST STRIP is a long-term hold and it is still up more than 100% in 8.5 years. I am more than satisfied with that kind of return.

"Why not let some others have their day in the sun without trying to pee on their parade?"

JUST REMINDING PEOPLE OF THE REAL DANGER AHEAD AS THE HOUSING BUBBLE POPS.

You are a bull-meister and I am a bear-meister. Only the time will tell who has better sense of the economy and investments.

Jas

-- posted by Jas_Jain