The Stock Market Thread

Discussion in 'The Thunderdome' started by golfballs03, Oct 28, 2011.

  1. NorrisAlan

    NorrisAlan Super Moderator

    Lady at worked asked me "should I get out?" I was astounded. "NO! What are the options? Get out now and lose a bunch of money. Stay in and it goes down even more, in which case you are not retiring even if you got out. Stay in and it goes back up." People naturally panic in that situation, but I pride myself on (hopefully) being level headed enough to see what is really going on.
     
  2. gcbvol

    gcbvol Fabulous Moderator

    Absolutely. I am now 10-11 years away from potential early retirement, so I can continue with greater risk for awhile longer.
     
  3. OrangeEmpire

    OrangeEmpire Take a chance, Custer did

    That would have been a damn shame.
     
  4. Volst53

    Volst53 Super Moderator

    Buy a mobile saw mill and cut custom slabs and retire now. You're welcome
     
  5. JayVols

    JayVols Walleye Catchin' Moderator

    I have 10 years to retirement eligibility- I'll be 52. I can't get crazy. My plan is to retire from teaching then do something else. What? I'm not quite sure, but I prefer to do something where I have no responsibilities other than myself. Or I could drive 20-25 minutes to teach in VA for 5 years to get vested in their system- double dipping by getting a paycheck from VA while drawing TN retirement. Or I could work homebound up to 100 days in TN & still get my retirement plus getting an hourly wage for the homebound. I just know that I can't sit at home & do nothing. That wouldn't be good for the finances or my health.
     
  6. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    Truth be told, as long as I am healthy, I doubt I ever retire. I'll do something as long as I can. Get bored too easy.
     
  7. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    I know several that retired then went to work at a private school. Several.
     
  8. droski

    droski Traffic Criminal

    as long as there is the belief that the fed will bail out any market crash the market wont go down significantly. the actual bond buying program doesn't mean much, it's perception. from a valuation point of view stocks aren't anywhere near where they were overvalued in say 87 or 2000.
     
  9. JayVols

    JayVols Walleye Catchin' Moderator

    My B-i-L bought an island in the river- no access other than by boat- at an auction. He made $20k profit off it in less than a year. Of course, we still have a lot in a subdivision that I went in with him on. It wasn't much, but he's sold every other piece of property he's bought easily & for good profit. We've had it close to 6 years now. I'm a jinx apparently. Hopefully it sells when the economy picks up.
     
  10. OrangeEmpire

    OrangeEmpire Take a chance, Custer did

    Where in Va?
     
  11. droski

    droski Traffic Criminal

    i'm there with you. though my job is one where it's very easy to work 20 hours a week, bullshit with some clients, make a little money, and be semi retired. most accountants I know have big problems scaling things down.
     
  12. droski

    droski Traffic Criminal

    not many real estate investments are going to be up if bought in 2008.
     
  13. Volst53

    Volst53 Super Moderator

    We're selling a house in a subdivision, and i hate subdivisions. Hopefully it sells fast
     
  14. JayVols

    JayVols Walleye Catchin' Moderator

    I don't understand any of it. I'm going to pan a creek on my property for gold this spring/summer. It's a fool's errand, but I can get pans for <$10 & I already have the shovels and picks and a tractor with a front-end loader. So, I'm not going to be out anything when I find nothing. At the least, the exercise will be good for me.

    And yes, even though we are polar opposites on many things, I consider you a buddy. :)
     
  15. JayVols

    JayVols Walleye Catchin' Moderator

    Thankfully, I had a few miracles happen & avoided it. Then, I beat their ass...
     
  16. JayVols

    JayVols Walleye Catchin' Moderator

    I only have one option for that in my area. I can't see myself at a Christian school despite being a believer. Besides, the pay is terrible. If i'm still going to teach, I'll keep my job. I would make more just continuing. The lone exception is the retire in TN then draw a bigger paycheck than I do now in VA while still getting my TN retirement.
     
  17. gcbvol

    gcbvol Fabulous Moderator

    Yep, I'm very similar to you and Jay. We just want to do something we find more enjoyment and fulfillment with, and on our terms. Maybe a small business. I see early retirement as a means to break away from the corporate work life. But I still want to work.
     
  18. OrangeEmpire

    OrangeEmpire Take a chance, Custer did

    What part dork?

    May have to put in a transfer letter and we can be best friends, hahahaha
     
  19. JayVols

    JayVols Walleye Catchin' Moderator

    Scott Co/Gate City area. I'm 20 minutes away. I have family there as that's where my mom is from. I would love to live in the Lexington, VA area if I had to move somewhere in VA.
     
  20. droski

    droski Traffic Criminal

    I have a friend whose dad does this every summer. he has a claim somewhere in Arizona. he find it's relaxing. I don't think he's ever found anything though.

    ditto
     

Share This Page