[Homestead] Scary as h*ll
rayzentz at aim.com
rayzentz at aim.com
Thu Oct 16 11:34:56 EDT 2008
Here's my thought on the stock market, real estate, and other
investments. It may be a bit simplistic, but here goes...
GAMBLING! Hello! Duh!
You, and all participants, myself included, are betting that things are
going to fall to your advantage. They don't always do that.
It's like life insurance. You are betting that you are going to live a
shorter time than the insurance company thinks you are. In other
words, you are betting you are gonna die. Some win, some lose.
Or Speeders. Every time you speed, you are betting you can get away
with it. Sometimes, though, you lose. The more you speed, the more
likely it is that you will eventually lose.
Gambling implies risk.
And the game is ALWAYS stacked in favor of the house.
From: bob ford <bobford79 at yahoo.com>
To: homestead at lists.ibiblio.org
Sent: Thu, 16 Oct 2008 6:34 am
Subject: Re: [Homestead] Scary as h*ll
Gene; I would be "down in the mouth" too, If I was forced to sell
right now. I would lose my shirt (pants and underwear, too) if I had
liquidate my real estate holdings. That may happen if the worst that
and gloom people are projecting. But, for now, I'm holding and hoping
some of the real estate value will re-emerge ....bobford
--- On Thu, 10/16/08, Gene GeRue <genegerue at ruralize.com> wrote:
> From: Gene GeRue <genegerue at ruralize.com>
> Subject: Re: [Homestead] Scary as h*ll
> To: bobford79 at yahoo.com, homestead at lists.ibiblio.org
> Date: Thursday, October 16, 2008, 6:30 AM
> On Oct 16, 2008, at 5:26 AM, bob ford wrote:
> > I don't understand what you are saying gene. A
> lot of people have
> > capital gains. I do practically every year. As bad
> as the market
> > is, I will have net capital gains to report this year.
> Well, maybe you should do an investment blog, Bob. Everyone
> I know is
> down in the mouth about their losses.
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