Storing money

[Ajunta Pall]

Julian, your point about Bear Streans is very true. It collapsed very quickly, like the infamous Enron. It's also true that stock market is risky. But what else is risky these days is having piles of cash lying around. The corrupt powers that be do not like to see such things, and get very jealous and will confinscate your hard earned money. When the rude and evil piggies do this, you will have a long and drawn out legal battle if you wish to get your nest egg back. The courts have declared that your property, such as money or any other valuables have no rights and it is up to you in fact to prove your money legit.
Why do the cops want your money? It's simple they get to keep 80% of it or more. Can't prove where your 100 grand came from, well too bad. The men and women of your local police force will thank you for your $80,000 donation

 

[Julian]

I don't exactly understand question or point. Bear Stern comment absolutely true. I played it Uncertain of future, because I don't play research, I play movement....ie: I don't buy on P/E and all that....I play movement....guided by analysis....(not right or wrong, just my style...I trade for income, not long term.....have tried..(buy and hold), but, when I see how much money I miss out on not playing other things......I can't sit still for long (Bear Stearns perfect example.....2 days representing an astounding yearly return...)

Don't know too much about it but do know was led to believe it was caused by a run on the bank to start with..(Same deal with eTrade...some punk analyst makes a single comments, plunges...and, think going to turn into something long term....I made enormous amounts off that initial drop and bounce, second one, and, watching this current movement to see where it goes.....Their brokerage business is so solid it's not funny and absolutely blows away all competitors in every respect (I've had accounts with all....ETrade best hands down....not even funny.....)

My personal financial picture?.....I've had my approaches tested (have had IRS crawl up my ass for extended period of time more than once......my financials are spotless ........of course, them crawling up my ass the first time really put me through the crash course regarding income and assets documentation and forensic accounting, so.......(and rightly so....my billable hours for accountants and tax lawyers were probably 40 times more hours than would be for the identical case for someone/company that did not ask questions... ie: Fuck that, I got my moneys worth out of them ..(I could do next case myself...actually could have done those but, I paid for nights sleep on those matters....were a while ago and under no circumstances will I ever speak in detail, have, or ever will. Personal info...too detailed...wouldn't risk sharing specific case details...might be easy to whiddle down.....

I have no visable assets or income that can be questioned I'd place myself against any forensic accountant(s) these days

Hiding income has always been done.....worldwide, legal or otherwise.....1,000 ways to keep secure.....I think people overlook their homes......I bet I could pack 5MM into a house that wouldn't be found by an team ripping it apart....and I know this for a fact .....People just have to always approach it from the other side.......No one ever puts themselves in a teams shoes.......they always look at things from their own view.....

I of course agree with all, been saying for years one should never keep any cash around.......

Note: Even if you can prove it...have been many cases where they have only gotten a small portion back, so.......best never to take the chance in the first place

 

[Julian]

Damn, I remember it was 300 an ounce. Now that a good ROI.

Yeah man...I was all over fuckin over it when it dropped below 300.......290....280.....275.....etc......

I got out when 700.....didn't regret doing so at 800...or at 900....even less at 1,000....

People get wrapped up in that....your never going to exactly pinpoint a bottom/reversal....see....that's a big mistake people make...(I did...)...you take money...then, watch it go more then hop back in and try again, etc.....

The Japanese have a saying

You buy.
You sell.
You rest.

(yeah, hard to follow.... but of course the wisest approach...we always tend dwell on imaginary profits lost instead of real pocketed gains......ie: "Awwww...I only made 250% when I could have made 350%".......any way you slice it...silly way to think....(I used to, still do sometimes.....but, know hopping in and chasing it is bad news....people get stuck at the top all the time........not a pleasant place to be........

I think markets right now represent a greater potential than gold.....(I was up like 30 something percent before I was even fully awake today on something......ya know?....single day.....

People hop back in cause they don't want to "miss it", but, there's an endless stream of those.....all the time...always will be....just have to be patient.....(too me a fuckin decade to learn patience .....)

Yeah man...."the frenzy" is part of the game and manipulation.........watch things closely and the greater the frenzy gets, you will see people dumping here and there.......not against the charts......with them......ie: You sell as it goes up.....

Pisses me off all the time (when I see the manipulation.....reflected in volume and movement, etc....stocks....you can manipulate an entire days charts on a 30MM share day.....by maybe a well placed 50k shares......establish right support in right places...etc.....really pisses me off sometimes..(but, at least I see it, so, what can ya do .....)

 

[Ajunta Pall]

Julian, my point on Bear Stearns and Enron, excuse me if I did not make myself clear, was the market, whatever the investment vehicle is, is risky. I know that BS and Enron collapsed due to totally different circumstances, but in the end you lost on Bear Stearns, while I lost not only on Enron, but I took another hit with Dynergy (DYN is its symbol still). That company's stock after the energy market's collapse was not worth the fucking paper it was printed on. It has been some years since then, but when I invested it's stock was between 80-90 or so. I acquired it low, and until the Enron duplicity was revealed, the energy market was surging strong and all signs pointed to a clear horizon.

Ever since then I learned to diversify, which I did half ass before that. As well as having some long term and short term goals. Look, I'm no stock collector who buys then sits on his stock for some unknown reason. I like to make some fast money too. But I also bought gold a few years back and am quite satisfied with it's performance to this date. Sometimes patience pays off. I also bought oil company stocks when gas prices started to go up. I didn't think it would last this long, and prices don't look as if they will drop anytime soon. When gas prices drop, I'll probably sell, but not until a gallon nation wide is under $2.50

Dude, I can also relate with you about the IRS. My troubles are a little more current, so that's all I got to say about that.

I don't know about you, but I lead a risky life style, so thusly, I'm not arguing against having a nice little nest egg tucked away somewhere safe. I just don't advise anyone to keep sitting on large sums. I don't see the sense in spending a lot of effort and money season after season just to do nothing with what you have earned.

A rule of thumb for me is that if you can hide it eventually someone will find it. I don't doubt your prowess at hiding shit, but over the years I known people who were cocksure about their abilities, but were ultimately proven wrong. After awhile something happened in my brain and I tried to learn as much as I could from other people's downfalls.

The stock market is just one piece of the picture. Invest in yourself as well, go to college, or start your own business. Do something productive with it. Spread it around, that way if anything bad happens you may not loose everything that you have worked for.

 

[Julian]

Julian, my point on Bear Stearns and Enron, excuse me if I did not make myself clear, was the market, whatever the investment vehicle is, is risky. I know that BS and Enron collapsed due to totally different circumstances, but in the end you lost on Bear Stearns, while I lost not only on Enron, but I took another hit with Dynergy (DYN is its symbol still). That company's stock after the energy market's collapse was not worth the fucking paper it was printed on. It has been some years since then, but when I invested it's stock was between 80-90 or so. I acquired it low, and until the Enron duplicity was revealed, the energy market was surging strong and all signs pointed to a clear horizon.

I gotcha......(used to play DYN actually...don't remember how long ago but was in 2 range or so I think....was a while back....)

Yeah, see...my positions regarding risk (that I always feel no/little risk) are, I think always it's much less risk you play a short term movement (daily, next day, etc) of something , than, as above man....to buy something, sit back with the long term approach.....You know...if I am on something.....I'm in it, I'm watching it...makes a move that I had not anticipated?...I know something's wrong and I'm out......

Anything more than monitored short movements?....I would agree...extremely risky....

Ever since then I learned to diversify, which I did half ass before that. As well as having some long term and short term goals. Look, I'm no stock collector who buys then sits on his stock for some unknown reason. I like to make some fast money too. But I also bought gold a few years back and am quite satisfied with it's performance to this date. Sometimes patience pays off. I also bought oil company stocks when gas prices started to go up. I didn't think it would last this long, and prices don't look as if they will drop anytime soon. When gas prices drop, I'll probably sell, but not until a gallon nation wide is under $2.50

I'd agree with all...definitely...fuck, I'm just starting to think about oil companies now for long term....(well, longer.... Haven't looked at charts lately but have been looking more and more.....havoc everywhere and those guys pulling down consistent billions, ya know? ....I'm happy with my last gold run, despite getting out when I did...made good money, and, never chase things now, so.....want to see where it goes and then will decide again what I should do.....

Dude, I can also relate with you about the IRS. My troubles are a little more current, so that's all I got to say about that.

Well.......being a veteran.....might be worse than you think in the end....make sure attorneys and accountants on it, and, what you'll learn in the end could fill volumes and will change your life .....

I don't know about you, but I lead a risky life style, so thusly, I'm not arguing against having a nice little nest egg tucked away somewhere safe. I just don't advise anyone to keep sitting on large sums. I don't see the sense in spending a lot of effort and money season after season just to do nothing with what you have earned.

I've consistently advised the same over and over for years. Fully agree. People get too comfortable when doing well. (My biggest pet peeve, in relation to growing, is people keeping all product, cash, same place as op.......really upsets me........)

A rule of thumb for me is that if you can hide it eventually someone will find it. I don't doubt your prowess at hiding shit, but over the years I known people who were cocksure about their abilities, but were ultimately proven wrong. After awhile something happened in my brain and I tried to learn as much as I could from other people's downfalls.

I understand what you mean, and , from the general idea, correct, but............I'm talking a different level

I'm not talking a cereal box in kitchen......I'm talked sealed and packed under insulation in 1' corner of unfinished attic.....

I'm not talking in the freezer.......I'm talked sealed up in wall in corner of living room under drywall inside insulation inside wall......

I'm not talking on top of medicine cabinet.....I'm talking stuffed up into the ceiling through hole of light fixture (large, heavy) over dining room table ....

Behind the drywall, behind the mounted dishwasher in a kitchen ....

I'm talking under a freshly laid concrete patio.....thing of those nature.....literally things which would require a demolition of an entire property to eventually find

Know what I mean?

(To people who can't do such work themselves?.....no problem.....half way through job you order crew some food, if good weather, have em sit outside, if bad in another room, when out of room, toss back down into wall halfway through job..(have helped people do it 3 times..) stick around when thy start job again until that section finished and they move on and you know your good......

It all actually fits in quite well with MO of getting a home for minimal down, using "extra" money for of the book improvements also.........course of couple years....can fully redo an entire property..........down to the studs in every room if you like

Make sure you always have a sledge and couple fire extinguishers onhand though

The stock market is just one piece of the picture. Invest in yourself as well, go to college, or start your own business. Do something productive with it. Spread it around, that way if anything bad happens you may not loose everything that you have worked for.

I've always fully agreed. People fall into trap of thinking immediate bonus income is anything more than that.

Hiding assets:
See....people also underestimate and aren't aware of the variety of the smallest most innocent objects.....I like numismatic items.....you can have a coin the size of a dime worth 500k...slap a piece of duct tape over it, open the back of your tv, tape it unexposed into a hard to reach corner...screw it back shut....

When I say "never" find.....

I mean never

Have to go above and beyond though, but......100% safety?...to me is worth it (to anyone.........)

I've heard people say thing like "how about in 20 gallon planter in backyard"...well, personally....I wouldn't feel safe like that.....under the concrete tile(s) the planter sits on? .......different story