Search results

I guess I better sell all my gold and buy the equities. I just need to hope that the bigger sucker will be around when I am ready to sell.

"Doesn't everyone want an unfair advantage? " This is rubbish. I do not want an unfair advantage, and there are millions of my kind in this world who want nothing more than an even playing field.

Most people think that the rich are smarter people. Yes, they are smart in making money, but not in most other things. If you want to meet the smartest people, go to a department of physics in a research school. I have seen at work that the best minds keep working and do not take the...

60K a year for car factory workers?? I thought they made more than that.

I like the business this guy is in. Make 100 predictions, and then talk about the dozen that came right on TV and claim to be a wizard. Where do I sign up.

I think credit will never go out of fashion. If people were not to get credit, no new businesses will come out since only the people who alreday have the capital will be able to come up with new businesses, and we all know that people who have already have made a lot of money have little...

I know a lot of these agents were so busy selling homes and collecting their share of the loot, that many of them were driving 50K cars and sipping red wines every night and complaining about too much work. Does anyone here believe that these real estate agents do real work, I mean they open...

It is very expensive no matter how frugal you get. At least $1500 for mortgage, Taxes and insurance $700 Medical Insurance - a very basic one $1000 for utilities, out of pocket medical expenses, food, car maintenance etc. That takes it to $3200 a month and that too after Tax. If the...

People need so much more discretionary spending now a days. There are so many many industries and jobs tied to the discretionary spending, that the spending must be kept high.

4-5% a year appreciation, yes agreed. Now subtract the 3% property tax and insurance(2.5% after the tax writeoff). Then you have the house upkeep and maintenance for another 1% per year for new houses and 2% for older houses. There is not much long term return left on the house as an...

You think Forbes knows it like it really is? There are 100s of billionaires in India. Things work very different in India. Dozens of politicians are Billionaires. Most of the Billionaires in India hide their money in real estates and cash.

Trading is not the same as investing. Trading is a trade or a business or a job, but investing is seeking return on the capital.

Most people think Americans consume too much, but I think there is a reason for all of that. I think a lot of people are careful with their money. There are many new expenses that just did not exist in 1950. Real estate taxes are a lot now. Health care has become so much more expensive and a...

IMF always gives rosier outlooks.

I disagree with paying off the house. You could be paying off the house with valuable dollars today than the less valuable ones tomorrow, if inflation were to pick up

My company has an office in UK and the people with similar work get paid less, they have to pay higher taxes and also they have to pay more for just about everything. But life is more than finances. Life is otherwise very good in UK.

Its OK to be in debt if you have a rigorous education as in engineering or medicine or accounting etc.

I have given up on my fundamental or technical analysis. I say buy some Gold, keep some cash, some real estate and some resource companies and just sit back and watch. No one knows what happens next. I am sure though that there will be a struggle between the fiat currencies and Dollar will...

There will be inflation is what most sheeple owes (as in texes and costs) There will be deflation in what most sheeple owns (as in assets) Does not sound good to me

The government has to solve the high health care costs so that the companies can hire in US. Then, it comes to the micro level, where people educate their kids and make them competitive. Right now, all kids are growing up to be beauty queens, managers, analysts and ball players. This has to...