Thanks Trey. And thanks for starting this thread. It has really made a difference. Looking forward to reading of many more retirements and success stories.

Don

Glad you are enjoying the thread!

Day trading is the fastest way to lose money I can think of. That's about the purest form of gambling. Then at the end of the year you owe the IRS taxes... and it raises your ordinary income (if done in a taxable account). Many people don't understand the tax rules of "wash sales" etc. The only way to do this is really have a great base of normal savings and investments... and then just take your "extra" money and either go to Vegas or day trade. LOL

Quickly -- a WASH SALE is where you trade the same stock -- within 30 days and have a gain -- then a loss -- The loss doesn't cancel out the gain - so you owe taxes on the gain even though you had a loss. It's a nasty rule that bites many people in a arse. That's a real basic explanation BTW.

Pretty much how my Dad lost his buttocks in the market. Sad, but true. My bro and i now "help" him out....

My old house in the news
 

So this fits "investing 102" only because it's a way people lose money in "private placement" deals....

This hit the news today - and is the guy that bought our house last May.... which is mentioned by address in the article.

Lobsang is married to Andre Agassi's SISTER.... LOL


http://www.seattletimes.com/business...a-fundraising/

Holey Crap Greg!! You are famous!!!

What a scam it sounds like...or should I say "ill advised program" that leaves itself wide open for scam artists to capitalize on.

I'm not posting this to suggest what's going to happen or what to do. I just find this kind of thing interesting is all. This is the ^VIX index, the volatility in the S&P 500, against the S&P 500 overall market. There's a clear correlation between a sharp spike in the VIX and a drop in the market. Again, this is just for entertainment purposes, your guess is as good as mine if it means anything.

http://finance.yahoo.com/echarts?s=%...tacking":true}

Whole program is ripe for abusing foreign nationals and bilking them. I applaud the SEC for policing stuff like this.

Nice shop, the house is OK too:
http://www.zillow.com/homedetails/25...48684391_zpid/

Some thoughts..

A while ago I took an educated risk with Peer to peer lending... insulated from this turbulence in China and +12% in real $ out profit this year..

Using that cash to buy while the iron is hot..... I know everyone says you lose when you try to time the market.... But.. I am part of team "Buy low" :sarcasm_smiley:

1,154 stocks made new 52 week lows today. That is actually a much higher number than what happened in 2008-2009 and during that low, as well as others, the number of stocks making new 52 week lows has to be for othe most part dwindling before things start going up again. What do I know but I'm betting that even though the economy is better now than it was then (of course we don't know what we don't know) we still have a ways to go down and Sept is often a bad month.

Figured I'd just pop in and say Hi. Still monitoring, but just don't have much to add. LOL.

Keeping a close eye on the market. I haven't funded my ROTH yet, so it may be some time to make a few buys here soon. :)