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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Sep 19, 2018 - 10:55pm PT
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Heid & I get home tonight from a week of "bluebird weather" hiking in the Dolomites & 6 days in Tuscany.
Stay invested my friends & you too can enjoy "gud" times in retirement.
We hiked the mountain at right the next day.
Wine tasting in Tuscany.
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Reilly
Mountain climber
The Other Monrovia- CA
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Sep 19, 2018 - 11:01pm PT
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Is that Lufthansa premium economy?
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i'm gumby dammit
Sport climber
da ow
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Sep 19, 2018 - 11:06pm PT
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An a propos question for the nautically bent. If yer a sub heavy weather is a non-issue. If yer a well-founded surface craft then staying the course is usually prudent, particularly if yer investment horizon is more than 10 years. Recessions have been trending to less frequent and less long so staying the course is indicated for most. Apparently you were not here for the last recession. It was a doozy, but nothing compared to what's coming. The more you drink the worse the hangover. Dropping a 1 trillion dollar tax cut to corporations on top of an economy already approaching full employment is like doing shots when you're already too drunk to remember doing them. This is gonna be a bad hangover. But that's okay, cause it's our children that get the hangover so who cares right?
F*#k the GOP and their president Trump.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Sep 19, 2018 - 11:14pm PT
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Reilly! Close! But, Lufthansa business. The seats fold to level.
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i'm gumby dammit
Sport climber
da ow
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Sep 19, 2018 - 11:14pm PT
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Just why are you Americans sooo damn st00pid?
You have one of the best countries on the planet and managed to fuk it up in only 100 years and all you can do is blame it all on Trump.
You people are definitely insane ......
Go back to where you came from maybe? I don't care what you've climbed with a boombox attached. You're sucking on the teat of this country while complaining about the taste of the milk. FVKK off!!
Oh, and you should maybe consider that you've kind of lost touch with reality at the same time.
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Reilly
Mountain climber
The Other Monrovia- CA
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Sep 19, 2018 - 11:23pm PT
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Fritz, check out Qatar Qsuite business!
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Rollover
climber
Gross Vegas
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Sep 19, 2018 - 11:51pm PT
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Zzzzzz.
Bet not one of you ever worked 2500-3000 hr/year.
Boring ass retirement thread...
Glad you made it.
90% of the rest of us won’t.
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Reilly
Mountain climber
The Other Monrovia- CA
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Sep 20, 2018 - 12:06am PT
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Rollover, a pro pos handle. I’ve worked 7/12 for 3 months at a time.
Sorry you’re so bitter.
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Rollover
climber
Gross Vegas
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Sep 20, 2018 - 12:15am PT
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7/12 for 3 months speculating stocks?
Counting money?
Turning money over?
Usury?
Sheesh.
Good for you..
Again glad you made it out.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Sep 20, 2018 - 02:00am PT
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Rollover! I used to drive 50,000 miles a year as a sales rep in the northern Rockies, which works out to around 850 hrs a year, plus multi-week road trips. Combined equals 3000 - 3500 hours a year for many years & I still work enough to pay for my wine, plus I sell on Ebay. Did I pay my dues? I'm still paying.
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tooth
Trad climber
B.C.
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Sep 20, 2018 - 05:40am PT
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Rollover, I did 60-80 hr weeks in construction for the longest time. Easy compared to dental school (study all night then classes all day) - which was easier than 55 clinical hrs a week in dentistry, plus treatment planning and running the business hours.
Effort does not equal profit.
Effort does not equal income.
Grades do not equal profit.
Income does not equal wealth.
Being mad at people because they don’t work as many of one metric as you do does equal ignorance. Good chance that they did do what you did and moved on. For reasons stated above.
It seems to me that right now is a great time to realize profits, get out of debts and get ready to buy when things go on sale. Same feeling I got with Gold in 2011, or by business in 2014 which I sold at a peak as well. If you want to buy low and sell high, well, the market has never been higher.
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Rollover
climber
Gross Vegas
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Sep 20, 2018 - 06:01am PT
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Still stand by my statements though.
But nice try guys.
Can’t guilt or shame me into believing otherwise.
We all have our battles.
Some make it. Most won’t.
I can’t celebrate any of your good fortune nor can you celebrate
any of mine.
Any of you climb 100 days a year OUTSIDE and work
2500-3000 hrs a year? Crickets?
Pissing contest over.
Mark my words Boomers will be the last retirement generation.
Gen Xers not so much.
Enjoy YOUR retirement!
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Spider Savage
Mountain climber
The shaggy fringe of Los Angeles
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Sep 20, 2018 - 10:02am PT
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Working your ass off is good but you also have to speculate and play the game.
For inspiration read The Bonanza King by our own Gregory Crouch. John McCay went from hard labor to the one of the richest in the world.
You can't win if you don't play. The smarter you are, the luckier you will be.
Add: and by play I mean the real estate and stock market, not the lotto. Lotto is a guaranteed looser.
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John M
climber
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Sep 20, 2018 - 10:26am PT
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Just don't rub it in our faces gentlemen. I had many years where I worked over 3000 hours a year, but because of health issues I live in poverty. If not for my parents help, I would be homeless, and did live out of my car for 4 years. I'm glad that you are having a great time. Just don't be superior about it.
The world is messed up. the gap between the haves and the have not has risen to levels rarely seen before, and each time it has risen to those kinds of levels, we end up in a "let them eat cake" scenario. I would prefer to avoid that.
Enjoy it.. Celebrate your good fortune, but don't be smug about it.
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Reilly
Mountain climber
The Other Monrovia- CA
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Sep 20, 2018 - 12:06pm PT
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Rollover, go ahead and stand by your beliefs. Too bad you don’t know jack about economics or finance. More pitiful is your making completely off the wall assumptions about people you know nothing about. I grew up in a dirt poor Irish family in Chicago. We were so poor we had to live in a Polak neighborhood. I have a friend who grew up on a subsistence farm in central Illinois. He just retired as the VP of a $50 million company. Another friend grew up dirt poor in Peoria, Illinois. He’s a world renowned bio-chemist who designs drugs so people don’t go blind. Got a friend whose grandad was a sharecropper in Bama. He’s a surgeon. Got a friend from Sierra Leone who lived on cassava and peanuts as a kid. She’s now the med-surg nursing supervisor at a major hospital. Got an Indian friend who grew up in a house with dirt floors. I think that qualifies as dirt poor. He never spoke on a telephone until he was 16. He is now an MD AND a PhD doing eye research. Got a bunch of friends from Russia and Ukraine who not only were poor but Jewish so they had many doors of opportunity slammed in their faces over there. The common theme is they got an education, plus they don’t go around feeling superior about their jaundiced view of reality.
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Toker Villain
Big Wall climber
Toquerville, Utah
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Sep 20, 2018 - 01:16pm PT
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You are talking about half my family, Reilly.
Sorry to hear John M is having a hard time. Anything we can do?
New high for me today, but education is the key. I'm gonna invest in my niece and nephew.
edit; oh yeah, stock tip
If it drops back to $28.50 I like Alliancebernstein (AB)
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Sep 20, 2018 - 03:51pm PT
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Of course it's not appropriate to brag on ST, except for climbing stories, adventures, large trout, remodels, lifestyle, pets, girlfriends & wives, your teams, your political candidates, & your Christian beliefs.
John M. My apologies for bragging about my Italian adventure.
Here's a Christian-summit shot to molify you.
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John M
climber
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Sep 20, 2018 - 03:55pm PT
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how does a smart person end up broke when they are 40
plenty of ways.
Health problems
War
Recessions
Grow up in a communist regime.
I'm sure that there are more.
I know some very bright people who lost their shirts in the last recession. Way over bought when the housing market was at its peak. I tried to warn them, they didn't listen and went upside down really fast on a lot of loans. It happens. People can be very smart in some areas, and not so smart when it comes to investing. Being arrogant about it is a fools game. They will come out of it and do well because they can learn and are smart and have their health.
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