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Just screwed Obama

Discussion in 'Politics, Elections & Legislation' started by 635 G, Nov 14, 2012.

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  1. 635 G

    635 G Well-Known Member

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    Just sold everything I had in the stock market. All I did with the dividends was reinvest them. The rest of my investments are tax free bond. He will never see anything from me.

    Phil Berkowitz
     
  2. gdbabin

    gdbabin TS Member

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    Phil,

    I hope you based your decision on sound investment strategy and not on rhetoric from TS.com, "news otlets", emotion, or other endemic entity.


    Impulse investing is just as fraught with pitfalls as impulse buying.


    I'd also hope your motivation was to help yourself and NOT to screw anybody--although your headline is eye-catching. Surely you'd have much greater success with the former, rather than the latter motivation.


    Guy B.
     
  3. front242

    front242 Member

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  4. 635 G

    635 G Well-Known Member

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    It is on sound advice, I have zero debt and have enough to live one way beyond my life expectancy. If he decides to tax muni bonds, the entire coutnry is finished.

    Phil Berkowitz
     
  5. Bisi

    Bisi TS Member

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    Good luck Phil. Talked to my broker yesterday, he is pushing bonds too.

    I hope you didn't invest in any munis from cities in CA. IL. and a lot of other states. On 2nd thought - Obama will bail those states out. Not LOL.
     
  6. 635 G

    635 G Well-Known Member

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    Stay away from Ca. NY, NJ and any sates that have big public employee unions. Invest in NC &FL & or any fiscally sound right to work state.

    Phil Berkowitz
     
  7. blade819

    blade819 Well-Known Member

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    Berkowitz screwed.....Berkowitz. Man who is your Broker?

    blade819
     
  8. BT-100dc

    BT-100dc Active Member

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    Keep in mind you still have to pay the tax on the tax exempt bond funds for all of the holdings outside the state that you reside in; that's taxable. If inflation kicks in and interest rates go up then the value of your bonds will decrease. I sold mine a couple of years ago as the bonds were heavily weighed in states like California & Nevada. I was not confortable with the prospects of California going broke. It will go broke. Good luck with your investments. BT100dc
     
  9. 635 G

    635 G Well-Known Member

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    I have a broker who charges $7'trade---the only time I ever lost money is when I used a full service broker Smith Barney.

    Phil Berkowitz
     
  10. 635 G

    635 G Well-Known Member

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    Florida has no income tax- any muni is good here

    Phil Berkowitz
     
  11. 635 G

    635 G Well-Known Member

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    People with $$ are voting with their wallets. If an employer has enough money for his future--shut down & screw the people who voted for Obama.

    Phil Berkowitz
     
  12. Stl Flyn

    Stl Flyn Well-Known Member

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    Great idea!!!!!!!!!!!!!!!!!! WTF!
     
  13. stokinpls

    stokinpls Well-Known Member

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    Either that or pay a consultant to decipher Obamacare so you will stay out of the slammer. Some choice. I'd close up shop too. A whole bunch of places are laying off people to get under the 50 employee limit requiring them to sign up for this debacle.

    In the space of a couple months, these imcompetent morons have managed to discredit:

    The Secret Service - Columbian Hookers

    The Dept. of Defense - Benghazi and Panetta

    The CIA - Patreaus

    The FBI - Sitting on the Broadwell Scandal

    The Armed Forces - General Allen and Jill Kelly cozyness.
    General Carter Ham - wanted to rescue Stevens, forced to resign.

    Great job. The KGB couldn't have done a better job. Take a week off for some serious golf.

    Bob Falfa
     
  14. 635 G

    635 G Well-Known Member

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    I really mean it, we can do without Starbucks, Panera Bread, Red Lobster, Olive Garden, --the list goes on. These companies are the employers of the masses 20=25. I'm willing to be the DOW is under 10k in less than a year. Cash will be king. Try and buy something with a Krugerand or aMaple Leaf.

    Just hope & pray our country can survive another 4 years and the Republicans get their act together.


    Phil Berkowitz
     
  15. pretzel

    pretzel TS Member

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    Good for you 635 G. I dont have any stocks or I would do the same. For years now I have put everything into land with water under it and capable of producing food. Ive seen this coming for a long time.
     
  16. Johnny

    Johnny Well-Known Member

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    Phil, if you dumped stocks today you have lost your butt and you will never get it back elsewhere.
     
  17. 635 G

    635 G Well-Known Member

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    In four years the mkt will be 7000 if its lucky. I never worried about saving money, I worried about making money--I've got enough--I'm on auto-pilot. For everyone else hang on its going to be a rough ride.

    Phil Berkowitz
     
  18. grunt

    grunt TS Supporters TS Supporters

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    And to think the welfare state put him back in office.
     
  19. bigdogtx

    bigdogtx Well-Known Member

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    Johnny,,,,,you are assuming it doesn't go down farther,,,,,,wait for it,,,,,,wait for it.......
     
  20. Johnny

    Johnny Well-Known Member

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    bigdog, no, not assuming that at all, I expect it to go down further.I also expect it to come back up when the "fiscal cliff" bs is resolved. When that happens, Phil will be on the sidelines losing to inflation. Could be rough the next two years.
     
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