| |
| |
| |
|
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50
Comments:
<0> freakin ironic=(
<0> I wonder what he would be doing today if he was still alive, i bet he would the host of some stupid *** reality show
<1> CometBaby: people have their own philosophies on how to handle their money
<0> "The Sam Kinison Show"
<2> blah
<3> If blacks were to take her example and embrace overcoming rather than grievance, the wound to liberalism would be mortal. It is impossible to imagine Hillary Clinton's "plantation" pandering in a room full of Condi Rices.
<2> don't think about it.
<1> i met a gentleman last week who holds 75% of his ***ets in real estate
<0> either that or he would make geust appearances on That 70's show hehehe
<0> canibud so do i
<0> actually more than that
<1> some would say that is insane
<2> I wish Elvis was still alive today.
<1> but everyone has their own methodology
<1> the housing market is nearing a serious burst soon
<0> Canibud actually in the past year real estate sales climbed a whopping 13% and the future looks bright
<4> Poor Elvis.....died on the Toilet
<4> Thats no way for a King to go
<1> the future does not look bright
<4> :>\
<0> in this area
<5> Well I get it, hey black peopl you know how bad plantations are right? Well this is a plantation where the slaves can be voted into equal or greater power than the masters.
<0> while in other parts of the country have dropped
<6> canibud .. unfortunately most people depend on their financial planner. Not everyone is as knowlegable about these things as I am.
<1> property is dangerously inflated
<1> to the point of bursting
<7> "It is better to sit in silence and appear ignorant, than to open your
<7> mouth and remove all doubt." -- Mark Twain
<1> CometBaby: you're very pretentious
<7> Canibud has been a great example of that today
<0> the only financial planner i have is me my wife and I
<0> hehehe
<1> huh?
<0> property isn't something that you just trade on a whim
<8> Comet: Heh.
<8> I just got a call from my dad... ironically.
<1> 426Hemni - i know some people who would disagree with you
<0> its an investment, there are bubbles every 20 years or so give or take
<0> and each bubble is better than the last
<6> canibud .. lol. I am 37 and I have been around a bit. I have already made my money. I haven't worked outside the home in about 5 years now. My husband and I own our own business and neither of us has to work very hard anymore.
<8> As an ex-broker for A.G. Edwards, and for a bank, he said, "It should be against the law to sell whole life."
<1> there is property in California that isn't worth hordly 200,000, but is on the market going for 500,000+
<1> south florida is just as bad
<0> canibud, look at the places you are talking about
<1> CometBaby: i hope to be in that position later in life as well
<8> Comet: Figured I'd ask him. Heh.
<0> there is more to the country and the outlooks of property investment than South florida and california
<1> i know
<1> just a few examples
<1> and if real estate blows up in one place a domino effect will ensue
<6> canibud why don't you get invovled with a mutual funds company and move away from this life insurance stuff?
<5> More people need places to live everyday.
<0> i will hold my prop for the next 20 years at least, although with the rise in local housing sales I might , just might sell one
<6> you don't have to get sponsored by a brokerage house
<0> i haven't REALLY decided yet
<6> banks .. mutual fund companies .. they are all sponsoring securities licenses now.
<6> I think Prudential does .. and Waddell & Reed are also very big into that.
<0> the ****s been paying for itself, and then some, so i don't know if i want to sell or not
<8> Or, go with a good brokerage. IE A.G. Edwards, or one of the other big ones.
<1> CometBaby; I am...i want to lean more towards tax-consequences in finance
<6> Astro .. those are much harder to get ***ociated with.
<1> CometBaby: in the time i've worked with the guy i work for now, i've learned that serious **** happens if you don't manage the tax consequences of transactions appropriately
<8> Comet: True.
<5> 500k earns like 20k in interest in a cd every year.
<0> canibud i learned that lesson when i first started investing, i went with a planner and he ****ED me
<5> How much are you expenses?
<0> in taxes
<6> canibud .. actually the two I suggested are very good places to begin. And of the two, I believe Waddell & Reed would be far preferable. Look in the phone book and see if there is one locally. Call and ask them if they are hiring.
<0> first thing i did was get rid of him
<6> I bet that they would sponsor your securites license.
<1> CometBaby: i'm still just a sophomore at the university
<0> second thing i did was payed off my taxes to the tune of 65,000
<6> canibud .. if you are good in sales it won't matter.
<9> If you want to get involved into a career in finance, check out Primerica
<9> its #1
<1> hmm
<1> we don
<1> we don't have a waddell & reed, but prudential i think so
<6> Astro AG Edwards is a very old, and well established company .. with an excellent reputation .. but it's hard to get jobs with such places and the expectations are extremely high. You peform or you hit the road :)
<0> i almost went bancrupt, i was down to my last 3500$
<8> Comet: Yeah. But if you do well... nothing beats em.
<1> CometBaby; what kind of sales?
<0> in fact the irs agent i was dealing with was amazed i didn't go belly up
<1> CometBaby: as in what arena
<10> 08:35:45 23/01/2006 LOG
<5> 3500 is that the property tax of the cali estates?
<0> hah, no that was how much cash i had left in the bank after i was done paying
<1> CometBaby: sales to financial services companies...or?
<8> Comet: I use AG Edwards for my investment stuff, and handling my company's retirement stuff.
<0> and then a roof leaked and then the furnace in one of my props went out
<6> canibud .. call them and tell them that you want to take the CFP exam and you want to become licensed to sell securities. I don't know what Prudential offers .. if it would be a series 7 or a series 6. Of course the Series 7 is preferable but they may not sponsor them. I believe Waddell & Reed does because they own several mutual fund companies and they do deal in direct stock sales as well.
<0> i fixed the roof myself, and a friend of mine put in my furnace and didn't gank me on the price
<0> so i basically walked away, recouped ohhh about 4 years later, that was 5 years ago=)
<0> now i pay taxes above and beyond what i owe, to ensure i don't fubar myself in the long run and end up owing unexpectedly
<1> CometBaby: i'm not much of a cold caller
<6> canibud are you asking about our business? My husband and I have an LLP .. we invest in income property.
<0> kind of keep it like a saving account
<0> i refuse to go through that **** again
<1> CometBaby: oh interesting, i was referring to what kind of sales Prudential would be doing though
<3> The pastor from Pineville calls it "Rita-wood," stacks of two-by-fours hewn from oak and pine trees that were downed by Hurricane Rita when it tore through southwest Louisiana and east Texas in September. Garry Jones, an Illinois native who brought his missionary zeal to central Louisiana four years ago, is processing those fallen trees in Texas, then trucking them into Plaquemines Parish to rebuild homes.
<3> my gawd, they are HARVESTING the dead trees!!!!
<6> canibud Prudential sells life insurance and mutual funds .. I believe they are probably heavy into variable annunities funded by mutual funds.
<8> Darth: How... unliberal.
<0> Darth, thats a beautiful business actually
<3> astrodog the screaming of the trees is on their head!
<0> Darth a few years ago this guy started a business in which he was recovering a type of hardwood that has now gone extinct from the bottom of the Great Lakes
<3> what ever you do, do not under any circumstance, attempt to harvest dead timber.
<3> thats ike a law
<0> the guy makes nearly 5-10,000 dollars for a 30 foot x 12 inch plank
<6> At a place like Waddell & Reed, which owns a couple of insurance companies themselves, as well as mutual fund companies .. they are in a better position to offer a wide range of financial products and alternatives. Of course a brokerage like AG Edwards would want to fund you thru mutual funds or stocks.
<1> CometBaby: you invest in income property? no down payment house-flipping essentially?
<0> ships sank quite a bit on the great lakes a 100+ years ago filled with this wood, so this guy is salvaging it
<8> Uh.
<11> 426: interesting
<1> in the cases that i've helped work on with the planner i work with now, i've enjoyed selling IRA products more than any
<8> I wouldn't want a house made of wood that's been sitting on the bottom og the great lakes for 100 years.
<8> :P
<6> canibud .. no. We don't flip. We are looking for long term investments. For example, we purchase small apartment units in good areas. We turn them over to a managment company and sit on them. We maintain them very well and don't look to make a lot of money on them right away. These are long term investments and the increase in property value is where we expect to make our money.
<0> Comet EXACTLY!
<1> CometBaby: cool
<0> you don't make money on flipping, you end up losing most times
<1> CometBaby: do you subcontract to the management company?
<0> especially if the house is a freakin lemon
<12> rusty: I disagree, I did very well in the exposive rise of prices in south florida :-)
<0> or prop
<0> Lupine, well not to say you CAN"T
<6> canibud .. no.
<0> but long term usually pays higher
<1> my mom has like $500k in equity on a house she bought for $180k
<12> rusty: thou, buying and repair flipping is different than investing in preconstruction, and selling
<1> CometBaby: how does it work then? liability wise and such
<12> 300-350% in under 5 years is nothing to sneeze at :-)
<0> Lupine yeap, no doubt.....
<6> the thing is I don't want people calling me on the phone when they have a problem with the plumbing etc. They deal with the management company.
<6> We own the property.
<6> they manage it
<1> how do you work the deal with the management company
<1> what arrangement do you have with them
<11> lords, v***als, and serfs
<6> canibud .. I would rather not go into that :)
<0> Lupine people around here pay enormous sums of money for props to build on, I don't see how they are able to keep afloat to be honest the land is not worth that freakin much
<0> in PA its different
<1> CometBaby: im not asking for specifics, just wondering what the clockwork is behind situations like that
<0> across the border where I am its freakin ugly but people pay the money for "location"
<12> Anyone know if Ford's plant closing will mostly affect their importation of forieng cars from canada/mexico into the US? or,a re they closing US plants..
<0> I had a guy on my *** a few years ago that wanted my property, he wanted to take down my house and add it to his property hahaha, he said "the property worth would go down on my property if i didn't sell"
<12> Rusty: well, they're betting on you wont be "out and about" uglying the neighborhood :-)
<0> I said let it, I rent it out, the rent pays the taxes,
<0> see yah
Return to
#politics
or
Go to some related
logs:
#beginner
auto-undrm
#worldcup
fscommand minimize flash
#flash
#politics
#hardware
#sex
#gentoo
winamp unbutu
|
|