401K's

[Rhiannon]

quit smoking kiddo...unsolicited advice for the day...

I already have the day I'm gonna quit smoking picked out in my head. It's a milestone day and until that happens, I'm going to puff on.
Good advice though, Wowie. And I appreciate it.

[jrnychick]

I agree with your advisor. Buy, buy, buy! With everything so low, there are some great deals out there...and if we've formed a bottom, then your value will only go up.

The Dow was/is overpriced. A bottom doesn't in any way signify across the board deals. You still need to pick companies that are healthy, have fair value (reasonable p/e ratio), growth potential and are well managed. Whether the market is at the top or bottom has very little bearing on what I mentioned. Though certain stocks do get unfairly beat up in these types of market conditions, but it's still difficult to identify which ones they are.

I agree with you completely, St. John. If you're buying now, KNOW what you are buying. Don't rely solely on your financial advisor's opinions.

[jrnychick]

Great time to buy real estate, Rick. Pick up a condo and lease it out to someone that lost their home because Clinton thought everyone should own a home...even if their credit sucked. That's what I'm doing!!!

You're a brave man, SJ. Rental property sounds like a good idea, but in this economy with businesses closing and people loosing their jobs, I would be afraid I would get renters who couldn't pay the rent. Then what do you do? You can't just throw them out anymore, there are legal / court cost involved now. And you still have to make your payments. Scary times. [/quote]

As a landlord, I know how difficult it can be. You really need to do your homework about where you buy first. Here in northern IL, the laws are different in Lake County than in Cook County. We had a tenant who refused to pay rent and the judge in Lake County ruled in our favor and we were putting her stuff on the curb 30 days later. Yes, it cost us some money, but the tax benefits are wonderful. Cook county is not so friendly to landlords. The rent that we charge covers the mortgage, property taxes, and bills we have to pay on the house. We have great people in the house now, but we really have to look at it like a business. If they can't pay rent (which they are struggling with right now), we have to evict them. There are TONS of people out there now who don't qualify for a loan or went into foreclosure who can afford to rent our house. My husband is finishing building a house right now. If we can't sell it in 2009, we will rent it out temporarily.

[Marabelle]

My financial guy moved all my money to very conservative stocks and there hasn't been too much change in the last few months but...I haven't checked in the last week. So, I might be out of a lot of money. I also thought of investing in rental property cause now is the time to purchase if you have any extra money; it is the time to buy buy buy...but I haven't yet and I don't know when I will but it's something I am strongly considering. I just hope when the market quiets that I will have something left.

[Rick]

quit smoking kiddo...unsolicited advice for the day...

I already have the day I'm gonna quit smoking picked out in my head. It's a milestone day and until that happens, I'm going to puff on.
Good advice though, Wowie. And I appreciate it.

I have the day picked out also, and that day will be etched on my gravestone. Gotta die of something.

All these heath nuts are going to feel real silly, laying in the hospital, dying of nothing.

[Deb]

quit smoking kiddo...unsolicited advice for the day...

I already have the day I'm gonna quit smoking picked out in my head. It's a milestone day and until that happens, I'm going to puff on.
Good advice though, Wowie. And I appreciate it.

I have the day picked out also, and that day will be etched on my gravestone. Gotta die of something.

All these heath nuts are going to feel real silly, laying in the hospital, dying of nothing.

But, but, but Rick....just think of how many more shows/get-togethers you'd be able to go to. I quit about 7 years ago at a pack of cigs at almost $10 here, I just put those $$ into my passion for music instead.......mucho healthier and funner! It's worth a little weight gain when you first quit.

[separate_wayz]

Most of my free cash flow goes to Kandi Kane at Kahoots Gentleman's Club.

[Michigan Girl]

quit smoking kiddo...unsolicited advice for the day...

I already have the day I'm gonna quit smoking picked out in my head. It's a milestone day and until that happens, I'm going to puff on.
Good advice though, Wowie. And I appreciate it.

I have the day picked out also, and that day will be etched on my gravestone. Gotta die of something.

All these heath nuts are going to feel real silly, laying in the hospital, dying of nothing.

I am LMAO at this....it's a bit morbid, but funny as heck!!

[Luvsaugeri]

quit smoking kiddo...unsolicited advice for the day...

I already have the day I'm gonna quit smoking picked out in my head. It's a milestone day and until that happens, I'm going to puff on.
Good advice though, Wowie. And I appreciate it.

I have the day picked out also, and that day will be etched on my gravestone. Gotta die of something.

All these heath nuts are going to feel real silly, laying in the hospital, dying of nothing.

Yeah but they will die peacefully in their sleep as opposed to suffering on a ventilator for months!!

[Rhiannon]

I have the day picked out also, and that day will be etched on my gravestone. Gotta die of something.

No you don't. Become a vampire. Live forever.
Um, anyhow, that's not the day I have picked out... my designated quit day will come much sooner than that... HOPEFULLY!!!

[Michigan Girl]

quit smoking kiddo...unsolicited advice for the day...

I already have the day I'm gonna quit smoking picked out in my head. It's a milestone day and until that happens, I'm going to puff on.
Good advice though, Wowie. And I appreciate it.

I have the day picked out also, and that day will be etched on my gravestone. Gotta die of something.

All these heath nuts are going to feel real silly, laying in the hospital, dying of nothing.

Yeah but they will die peacefully in their sleep as opposed to suffering on a ventilator for months!!

I wanna die peacefully in my sleep just like grandpa did, not screaming an hollering like the 3 others in his car!

lol....Deep Thoughts~SNL!!!