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Sell in May' then go away? Geezz, this market is a stock pickers headache.
Flight to quality? I would like to buy when it starts to rise after a hard pull back..Prob an easy 10-12% trade with that scenerio.
Posts: 10729 | From: oregon | Registered: Feb 2005
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Blue performs an excellent job at picking quality value stocks. I always research his picks and even buy some of his picks.
Personally, I am feeling a little pressured because I think the fifteen percent capital gains tax will vanish when Hillary takes office in 2009. Might be a one year delay, might be Congress will push through a repeal right away during 2009, might be the current fifteen percent rate will simply expire leaving us with the old very high rates.
I am hoping to make as much money as possible before 2009, cash out and move that money into real estate which affords a little bit better tax breaks, not much better, but a bit of wiggle room through deductions.
Real estate is always a good investment. Recently real property prices have softened, not a bubble burst, just a mild correction, oh, five to six percent down on the average. My hope is real estate will soften ten percent or so, from now through late 2008 affording a chance to buy in and ride real estate prices back up as our US economy improves with a change of leadership.
So, I am looking more and more at daytrading, short term, volatility plays and such. Still, this is a good time to switch over to value stock, has been a good time since Bush took his second term of orifice. For IRA accounts and similar, very long term value stocks would be very prudent.
However, I am greedy and impatient. I love money!
I just have a problem with spending money. Cannot seem to get over my tightwad ways.
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Purl, maybe you should have a look see at some Ranches east of the Cascades in Oregon...But be very quiet about your interest...Those Old Ranchers really got Radar for California money! LOL
There is a trick to buying Ranches up here....
Key in on old timer..As in original. Do not want to be to specific, but you been around I'm sure ya know what I'm talking about.
Just in case, clue: Roll over rate.
I've got a little money burning a hole in my pocket....Thinking about flipping a US Marshall forclosure, I currently own.. May add a few bucks and start realestate hunting myself.
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We have been looking intently at retirement property up there. We are looking at east of Bend, Oregon, just north of Klamath, north and east of Susanville in California along with Lee Vining and Walker in California.
Found some land, ten to fifty acres of interest. Greatest problem is availability of utilities.
Well water is ok. However, in northeast California wells need to be two-hundred to three-hundred feet deep which poses a high risk of a dry well. River front property, not so bad but prices are so much higher being scenic.
East of Bend, Oregon, is attractive. We snow ski there a lot and spend time out on the high desert. We noticed a lot of creeks and streams out in the high desert suggesting water is not a problem.
However, electricity becomes a problem!
We love Oregon, kinda wish we had moved there many decades back. Had we moved to Oregon long back, we not have made a lot of money in real estate investing.
Chances are we will end up in East Oregon or maybe over in Idaho somewhere. Real property ís still affordable there if you stay well away from cities and resort areas.
My husband wants to build a five-thousand square feet commercial like steel building, then build us a small home, inside. Boys and their cars!
Carson, Nevada, is another area we are researching.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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Now we are on the same page...Mitchell and surrounding area is remote, rugged and High Desert...Water is always a problem during drought cycles..But some ranches have artesian wells.
Elk bears and Mule deer are hell on your garden though..
Onetime I slipped and fell into a creek out there...Nearly died from tail slaps from the giant Trout...One of um was so big it was using an Elk Antler to pick it;s teeth while sizing me up..Damn Gurl I thought I had sold the Ranch..
Posts: 10729 | From: oregon | Registered: Feb 2005
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Belle gushes: "My husband wants to build a five-thousand square feet commercial like steel building, then build us a small home, inside. Boys and their cars!"
That's a good plan. As a teen, worked in VP's office at a small steel mill. He made out well with retirement and moved to the country. I helped him finish just such a building, which in their case houses their "golden years" travel bus plus their very nice "apartment." Also works out nicely re taxes (annual appraisals are done from the air...).
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Hey a Big Shop? Standard equipment..Home, house ?just some place with dirty dishes...
Posts: 10729 | From: oregon | Registered: Feb 2005
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Purl, almost bought a lot years ago at the Crooked River Ranch in phase 8 outside Redmond....Took the money and bought a Fishing boat instead...Dumb...
Posts: 10729 | From: oregon | Registered: Feb 2005
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I bet Hillary won't even win the Democratic Primary. And I hope she doesn't, because I think that we may need 4 years of a Democrat before we return to the better party, but I refuse to vote for Hillary.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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Yep, Tex. Inside a steel building is a good place to hide from tax assessors. Easy enough to hide a small house, a swimming pool, a spa and such. No dirty dishes, though. We use paper plates. I am a tightwad.
My interest is setting up a ten-thousand watt stereo system in the building, plugging in my electric cello.... Cloud 9!
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Oh O,,,,Geezz, our collective Goose may be cooked!
Kudlow is talking a 50 point basis point raise in the fed this summer...Yicks! these Cats are 'fraid of inflation, duh....
Posts: 10729 | From: oregon | Registered: Feb 2005
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Mr. Paulson is chairman of the environmental group, which purchases huge tracts of land to set them aside and prevent them from being developed. Property rights advocates charge that the group preys upon financially feeble rural landowners, family farmers, ranchers and tree farmers, purchasing their property at bargain prices and then selling it at a profit to the federal government.
- Washington Times
Steve Milloy, director of the Free Enterprise Action Fund in Washington, also called for withdrawal of the nomination, noting that Goldman Sachs is under investigation for its financial dealings. Mr. Paulson "oversaw Goldman's participation in questionable practices, including use of Goldman Sachs' corporate assets to advance personal and family interests, and involvement in the Fannie Mae scandal," Mr. Milloy said. "At a time when Republicans in Washington are mired in scandal, Hank Paulson is the last guy I'd want to be Treasury secretary."
- Washington Times
**
Never think Bush is working for America. Bush's only interest is lining his pockets, the Bush family pockets, now and into the future.
Another interest rate hike will just about destroy the American middle class. As you know, under Bush more and more middle class families are being pushed into the poverty class.
Foreclosure rates are skyrocketing because of adjustable rate home loans. Another interest rate hike will be devastating to the middle class, salt-of-the-earth.
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