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aircraftdoctor

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  • My First 3 Steps Toward Financial Freedom [View article]
    Stephen J Melnykevich, the real estate also takes more work than the stocks you must be willing to fix things. Number one in real estate is the location , location part of real estate. I suggest only a rental property be owned in a solid established neighborhood. Stocks you are already at the this site, but I am firm believer in Forbes magazine read it cover to cover. Forbes articles tipped me off in October 2007 to get out of stocks and into bonds from one of the Forbes article contributors. Then again in March 2009 another Forbes article contributor made a lot of good points about the bottom and that it was time to get back into stocks, so off I went back into stocks. So read, read, read financial publications you can never have too much financial training. Beware though right now things are upside down for bonds, with our financially illiterate President's totally juvenile thinking on how the U.S. economy works. When this juvenile thinking President is replaced, and bonds and treasuries' go back to market driven rates, then hang on this U? S. economies pent up demands will be a thing to watch take off.
    Apr 5, 2013. 10:30 AM | Likes Like |Link to Comment
  • My First 3 Steps Toward Financial Freedom [View article]
    Live below your means always been my motto. Only a blue collar worker, but my first house was a triplex I made the down payment the renters bought the rest. Thank you renters. Then I took an equity loan against the rental so I could move out. Again I made the down payment the renters paid off my house. Thanks renters again. I again took an equity loan against the rental property and for several years have thrown that into my IRA and then Roth IRA. Again thanks renters. I am not there yet, but I can see the retirement window looks a lot closer than it has if I was only going to count on Social Security.
    Apr 4, 2013. 10:11 AM | 3 Likes Like |Link to Comment
  • Buffett's Big Bet On U.S. Housing: 3 Ways To Play The Recovery [View article]
    I think this article misses the true picture. Warren Buffet maybe right if he bought mortgage companies and he can out wait the dumb Federal Reserve. REIT's are going to crash and burn, and so are housing prices going to crash again. If you don't get what is happening think free market enterprise and interest rates. Sooner than later Bernanke will not be able to sell his zero percent bonds back to the Social Security funds, that is where he is selling them to. Bernanke is making a second housing bubble mess with his artificially low interest rates. He, Bernanke is dumb, dumb, dumb. Bernanke is delaying a real housing recovery with his low rates tactics. The Chinese have stopped buying U.S. Bonds. Learn and get ready for this second housing bubble when interest rates climb to real market rates, not the Federal Reserves false low interest rates it is coming. Once the banks can no longer get the low interest money from the Federal Reserve, and get back to real market loan rates. The house loan's rates will go up big time, and housing sales will crash. The young workers with large student loans do not have the funds for a home loan deposits. The baby boomers are tapped out and will be moving down market on their homes. So the housing market for the next decade look out. The temporary housing boom will stop again. I am in REIT's now, but debating how soon to get out before this next Federal Reserve caused bubble crash coming.
    Feb 4, 2013. 11:22 AM | Likes Like |Link to Comment
  • The Paul Ryan budget plan is "ludicrous and cruel," Paul Krugman writes, and shouldn't be taken seriously. Ryan calls for spending on all items other than Social Security, Medicare and Medicaid to fall to 3.5% of GDP, less than the U.S. now spends on defense alone. "How could such a drastic shrinking of government take place without crippling essential public functions?" (previous)  [View news story]
    I have not read Paul Krugmans reply to budget cuts, but lets put some facts to it. During JFK's presidency the GDP to Federal spending was 14 percent. Under Obama, GDP to Federal spending around 24.7 percent and going higher. Lets look at more workers in the department of agriculture than farmers something wrong there you think? How about the funds to the arts. Do you understand how this is wasted. Lets say your putting on a play with union musicians. Your play say only needs say a violin, a flute, and maybe a piano. Well under the current rules in most plays paid for under the arts funding the whole orchestra gets paid even when they are not there. They need to go on unemployment like the rest of us. Get a job Paul Krugman out here in the private sector. You lazy good for nothing money sucking leaches get off my aching tax paying back. You clowns can't even add. Normal blue collar worker pays over fifty percent in taxes. Here add them up 6.2 % S.S. 6.2% S.S. Match by employer. Local sales tax 7%, property tax for me 8%, local income tax 2%, state income tax 6%, federal tax 15%, Medicare tax 1.65% That's not even adding in the federal fuel taxes on every gallon of gas. Or how about those excises taxes on buying a tire or you phone bill. Add it up over fifty percent and I am in the bottom tax brackets. Can you add you dumb liberals I think not.
    Apr 8, 2011. 11:20 AM | 9 Likes Like |Link to Comment
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