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Sedans Luxury Lounge
21456 messages, Last post on Dec 01, 2009 at 7:22 PM
You are in the Sedans Forum. Your Hosts are pat & karens
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Replying to: anthonyp (Oct 05, 2008 12:51 pm) Problems are everywhere these days. Over here unemployment is rising high because of the building crisis; stock market assets are falling down to hell you know why. Yet Banks are still solid due to rigorous regulation made by the Spanish Central Bank in past recent years. As a consequence, Banco de Santander, Banco Bilbao-Vizcaya and the rest mostly have their business in everyday banking but not in risky investments, or so appears. By now people are still able to repay their hypos or debts. But if the crisis proceeds further enough, who knows what will occur. My wife and I, both, we are MDs and full Professors with tenure at a Medical School. Thus, we are escaping from the crisis relatively well to date. Problems might start at our retirement time, as our assets to complement the retirement have dropped by 30% this year. Retirement is 5 to 10 years from now, so I am still confident the crisis may resolve before it. Meanwhile, we control our family spending more rigidly but even so we enjoy life as much as possible. The way I see it is not to be lavish but at the same time try to get the money going around to avoid crisis growing even deeper. Seriously, I believe this behavior is better for all of us than putting all the money we could either in the socket or in dangerous business. Regards, Jose
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Replying to: jlbl (Oct 06, 2008 11:38 am) And here I thought it was only Tag and me....As I understand it we (the USA) have lost five trillion dollars of market value, out of fifteen trillion, That comes from Doug Kass, but I thought maybe there was more than fifteen trillion $ ....I hope the Spanish gov. managed your banking situation better than our gov....I feel as though things are out of control--which is not a good feeling...Tony |
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Replying to: tagman (Oct 06, 2008 10:36 am) Luckily, I don't "need" my investment $ at the moment. But, no Jag or S5 in my near future... Actually, the Evil Wife was rather prescient regarding this turn of events. When the Dow hit 14,000, she decided bad things were on the horizon, so she moved her 401k $ out of the assorted funds she had chosen and "parked" 'em in stable value funds. Great move! In the time my (and most everyone else) retriement funds have dropped like a stone, she has maintained and somewhat increased her holdings. She's started getting back in slowly, to dollar cost average, hopefully bottom feed. Smart woman financially with terrible taste in men!
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Replying to: laurasdada (Oct 06, 2008 1:18 pm) TM
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Replying to: tagman (Oct 06, 2008 1:52 pm)  Both finished higher by the end of the day - SOV and WFC. Don't tell my wife. 
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If not, I will never invest in stocks again. Thats what every1 says, including many of my family members, but when the market goes up they invest, then when it falls they 
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Btw, I spotted your 135i today, silver color, Now I know why you never stop talking about your car  , indeed it looks GREAT, especially from the rear. Looks more special than the 335i !
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Hey folks! I wish I had some more time to be a regular participant here but right now these financial markets has made my job very busy. I am still buying stocks hand over fist especially these past two months like never before. My clients and my own personal equity exposure has never been this high. Miraculously I haven't received any death threats from any clients at least not yet.  My portfolios have suffered lately but I have never been this confident in my whole life in terms of the "Great Buys" out there. So some have said that things appear to be out of control? Almost a year ago I had posted the following POST 8487 Dated Dec 4th 2008 This is not a typical kind of situation since for the first time there is a risk that a few big derivative contract counterparties may not be able to live up to their commitments.( there are dozens of trillions of dollars of those contracts out there whose value is based on a counterparties ability to deliver) . If major financial instituions whom are counterparties of trillions of dollars of these contracts get financially squeezed then this whole world will be fried. Yup fried is the word. The Gates of Hell has opened because of the lack of transparency involved with rillions of dollars of derivative contracts out there and fears that these contracts cannot be fulfilled. That was my outlook over a year ago. Unfortunately I did not listen to my own opinion and bought quite a few equities prematurely. Oh well now for something more cheerful: I read somewhere that the new Lexus Prius will be a plug-in. Now that is music to my years. Take care and as things become less hectic I will back again with my regular visitations. I really do miss this place |
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Replying to: bmlexus (Oct 06, 2008 2:22 pm) Gee, I haven't posted about the 135i in quite some time now... at least a couple of hours. bmlexus, I've been in the stock market a long time, and it's just that I'm at the point where I don't want to take the time any more to see a long recovery process through. I'll probably start increasing the portfolio's percentage to bonds, even though I'm sure there are some seriously good buys out there. Clembo, as far as stocks go, financials are likely a good investment right now, as they are so battered, the strong institutions should bounce back nicely. I think you've made a good move. TM |
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Replying to: tagman (Oct 06, 2008 1:52 pm) Tagman, Jose, Laurasdada, Clembo and for all those concerned: “Buy when there’s blood in the streets” (Baron Rothschild in 1871) Hang in there.
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