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  • From: rayzentz AT aim.com
  • To: bobford79 AT yahoo.com, homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Scary as h*ll
  • Date: Thu, 16 Oct 2008 11:34:56 -0400

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.

Ray


-----Original Message-----
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 everything
right now. I would lose my shirt (pants and underwear, too) if I had to
liquidate my real estate holdings. That may happen if the worst that the doom
and gloom people are projecting. But, for now, I'm holding and hoping one day,
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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