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OptionManiac

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  • 7 Dividend Stocks for the Ultimate in Deferred Gratification [View article]
    Both my wife and I were brought up by depression era parents. Now that we are empty nesters, we like to have lunch out on the weekends, but haven't had dinner out in months. (my mother-in-law is taking us out for our anniversary this weekend, that should be romantic).
    Whoever gives their kid a new car is nuts. I replaced both bumpers once and one bumper twice on the old Accord the kids drove.
    Jul 9, 2010. 11:06 AM | 4 Likes Like |Link to Comment
  • More than one in seven homeowners with loans in excess of $1M are seriously delinquent, NYT reports, while homeowners with less lavish housing are much more likely to keep writing checks to their lender. But the NYT generalization of "rich" homeowners may miss the mark - some may have bought more home than they could really afford.  [View news story]
    And with one person buying multiple homes - the harder it is to get rid of inventory. Maybe we should have a cash for clunkers for homes. We crush your old house if you buy a new one.
    Jul 9, 2010. 10:56 AM | 2 Likes Like |Link to Comment
  • Revisiting the Wall of Worries [View article]
    Yes, you two are right on many points, but I still think there is a lot more legitimate money out there that people are willing to spend. There is a whole generation whose kids are not just leaving the house, but out of college. We empty nesters are finding ourselves in better financial straits than we've ever been. There's a lot of out there.
    As far as new cars - there are a lot of people out there that will buy nothing but. My father's generation was used to buying a new car every three years (he complained that the dealer pulled a string after three years and the car fell apart). He still is in the habit of buying a car every three years, while trying to tough it out and turning on the air when it is 90 out (and he wonders why we don't like to visit).
    Jul 9, 2010. 10:01 AM | 1 Like Like |Link to Comment
  • Finally, Jobless Claims Take a Breather [View article]
    And the pro business regime a couple of years ago helped this economy?
    Jul 9, 2010. 09:21 AM | Likes Like |Link to Comment
  • 7 Dividend Stocks for the Ultimate in Deferred Gratification [View article]
    Credit card company owner gave you the negative mark. I'm a credit card company nightmare. Go for the cash back myself. Pay in full every month. I once put a trip on a new card that gave me 0% interest for one year. I immediately got $50 in rewards and paid the card off in one year. Now the offers I get have a 4% fee for any transfers.
    Jul 9, 2010. 09:19 AM | 3 Likes Like |Link to Comment
  • 7 Dividend Stocks for the Ultimate in Deferred Gratification [View article]
    My mother-in-law put $50 a month into an account for my daughter many years ago, she did this for just a few years. My daughter now has enough for a down payment on a house.
    Jul 9, 2010. 09:12 AM | 3 Likes Like |Link to Comment
  • 7 Dividend Stocks for the Ultimate in Deferred Gratification [View article]
    At our production meeting this morning Walmart came up - someone called them the Anti-Christ. No discussion about the greeters.
    Jul 9, 2010. 09:10 AM | 1 Like Like |Link to Comment
  • Revisiting the Wall of Worries [View article]
    You make it sound as if every other American is a deadbeat and not paying their mortgage for the heck of it and instead spending their money like drunken monkeys on anything and everything. I don't buy it. There are still a lot of people working and making money, and like my wife and myself, taking advantage of lower prices, we are buying now on some big ticket items now rather than later.
    Car buying will increase as the age of the vehicles grows older. There gets to be a point where you can't keep old Betsy running anymore. I keep my cars for maybe ten years, but I get to the point where I need to replace them.
    Jul 9, 2010. 09:06 AM | 2 Likes Like |Link to Comment
  • Finally, Jobless Claims Take a Breather [View article]
    Not that bad, out there, you make it sound like NOBODY has money and doesn't have a job, or is ready to be foreclosed on. Malls are still crazy crowded in my area, Outer Banks this past week was just packed (oh, how I hate the food shopping frenzy at the Food Lion the first two days). Yes, for some individuals, times are dismal, for others, they are making cash and getting deals.
    Also, instead of the normal shutdowns this summer, some car makers are keeping factories open. When they stay open, so do parts makers, restaurants, and probably bars.
    Jul 8, 2010. 02:51 PM | 1 Like Like |Link to Comment
  • 7 Dividend Stocks for the Ultimate in Deferred Gratification [View article]
    Worked with a guy who was in his 70's and worked part-time to keep busy. His wife died 3 months after he retired from his real job. His motto to me was "Raise hell while you can!". Life is tough to gauge, hate to have all those chips in front of me and then have the big one hit me before being able to spend any of it, and I would hate to be a Wal-mart greeter when I'm 90 to keep myself fed with cat food.
    Jul 8, 2010. 11:30 AM | 6 Likes Like |Link to Comment
  • America the Beautiful ... Investment Destination [View article]
    I do agree with you, but remain naively optimistic.
    Jul 5, 2010. 12:13 PM | Likes Like |Link to Comment
  • America the Beautiful ... Investment Destination [View article]
    Health-care is a huge problem. My self-employed neighbor tried to save money by switching insurance companies. When it came time to have his knee replacement, coverage was denied because of the condition being pre-existing. He paid the $30,000 out of pocket. Then we have my 80 year old mother with private insurance and medicare. She loves going to the doctor. For free.
    Jul 5, 2010. 09:34 AM | Likes Like |Link to Comment
  • America the Beautiful ... Investment Destination [View article]
    At the time we exported bombs to blow up Europe. Why did the war get us out of the Depression?
    Jul 5, 2010. 09:16 AM | Likes Like |Link to Comment
  • Thoughts on Krugman's 'Myths of Austerity' [View article]
    They tore up the street in front of work again. Didn't coordinate with the water company last year, so new pipe had to be laid under brand new asphalt.
    Jul 5, 2010. 09:03 AM | 2 Likes Like |Link to Comment
  • America the Beautiful ... Investment Destination [View article]
    And we've been there before and came out on top, while helping Europe rebuild (Marshall Plan).
    Jul 4, 2010. 05:59 PM | 2 Likes Like |Link to Comment
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