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  1. randallg99

    Biz Owner/Mgr Policy Questions

    1. how often do you review expenses and do you utilize a systematic method? 2. any of you have to relieve (read: fire) a loyal employee who does not fit the company profile despite many discussions/talks for improvement?
  2. randallg99

    Additional Tiers of Private Forum

    HOT! 
    probably a good idea.... I don't know any of you so I probably wouldn't share ideas with you... but if you're comfortable sharing with me for feedback, I would happily critique and help in strict confidence.... I tend to agree sensitive info should use more discretion although the 1 caveat...
  3. randallg99

    Stories that will make you feel old

    OFF-TOPIC 
    well, we can all feel old.... but I just bought these "Sperry Shoes" that look like patched up plaid patches... remember those Vans shoes from the 80s? Same soles just like them... ask anyone under 20 years old, they are hip. (right?) now I feel like I can ride a skateboard again when I wear...
  4. randallg99

    Stories that will make you feel old

    OFF-TOPIC 
    I felt old the other day when I needed exact change for a candy machine and it ate my money.... all the while I sat there staring at the machine with the Twizlers dangling from that stupid metal circular hook.... a few years back, my temper would have gotten the best of me and I would have...
  5. randallg99

    Yachts as an investment

    great ideas - but probably stay away from Vegas unless you get everything cheap.... supposedly going to have the worst economic pocket in the country in the next few years... this is per speculation on the Wynn and Mirage companies, along with other Fed data take this idea to china or dubai
  6. randallg99

    Yachts as an investment

    I read recently one of the hottest "jobs" today is the boating repo biz... lots of work in this field these days unfortunately now that payments are defaulting like crazy on boats... but hey, you could probably score one on the cheap these days.... I don't know which way to direct you you...
  7. randallg99

    Living near family

    OFF-TOPIC 
    interesting question.... my wife and I recently pondered about moving AWAY from our families... but concluded, or at least she prevailed that we are staying put. I want to move either to Florida or Panama for a nicer pace of life, no snow (ditto JScott) and a lot of fishing and golf... wife...
  8. randallg99

    Happy BDAY Edge!

    OFF-TOPIC 
    here's a tip I only give out on special birthdays: buy low, sell high. ;-) happy healthy
  9. randallg99

    Shared Portfolio

    HOT! INVESTING 
    update- I bought slugs of FRE on Friday and traded several times... did not intend to hold any over the weekend, but still left in one of the accounts a couple thousand shares that did not get unloaded .... very lucky for me that Paulson and Company saved the day. any significant strength in...
  10. randallg99

    WTF: Buyers who don't have any money!?!?!

    "banks do not view equity as equity." That is rightfully correct.... the lending institution only wants their money back in exchange for the loan. Nothing more, nothing less. They do not want the equity. They do not want the property. Only the money lent. It means nothing to the bank if the...
  11. randallg99

    WTF: Buyers who don't have any money!?!?!

    we can agree to disagree so for the record, I will say this: it is this kind of thinking that has gotten us into the mortgage debacle that we are in. This mentality and entitlement attitude is why Freddie Mac and Fannie Mae has all but virtually collapsed this very morning. does that mean...
  12. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    timber!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Congratulations to all of us for being the new official owners of Freddie and Fannie and the taxpayers will now own most of the American mortgages. Kidgas - did you leave that GG unhedged?
  13. randallg99

    Thoughts on Gold

    INVESTING 
    not only the amount that the Fed needs to pony up, whether it's 40bil or a tril, but the market caps for banks are dropping to such low levels... keep in mind, besides the money spent to shore up the banks, the Fed is also allowing lower grade collateral to shore up the brokers.... I just...
  14. randallg99

    Thoughts on Gold

    INVESTING 
    if the carnage continues in financials, lowering rates might be the route... ben is in a jam not many people envy
  15. randallg99

    WTF: Buyers who don't have any money!?!?!

    response to a couple of comments: 1. a customer asks for a product and gets it. Who is ultimately responsible if they do not use the product correctly. ... think ATV manufacturers responsible for welfare of drunks doing jumps over cars... mortgage companies provided a service and many people...
  16. randallg99

    WTF: Buyers who don't have any money!?!?!

    Let Me Join In Your Rant: Americans Who Think They Are Entitled To A Cheap No Money Down Mortgage For The Sakes Of Just Owning Property Has Got To Stop Right Now. It's Idjits Like "successful Investment Bankers" Pursuing Real Estate Without Investing Any Of Their Own Money That Contributed To...
  17. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    FRE and FAN are too close for insolvency and nothing else in the equities markets matters... everything else is just noise. if these 2 companies fall, we will have undoubtedly the worst market crash in the past 79 years. the Fed needs to pull a rabbit out of the hat. NOW... perhaps have the...
  18. randallg99

    Employers and References

    like you say, people are sue happy and disclosing more information than necessary is an open door to law suits. what we do: we implement 90 day probationary periods and they're a large part of the culture to make sure our "engagement" works well enough to justify the "marriage" ... as an At...
  19. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    I pasted this response from another thread... very appropriate here.... Default Re: Fannie Mae and Freddie Mac plunge Originally Posted by andviv View Post So, 1. what does this mean? 2. dollar keeps losing value? more inflation? 3. how does this affect me? 4. Why shouldn't I be buying...
  20. randallg99

    47 years ago, July 7, 1961 . . .

    OFF-TOPIC 
    best wishes for many more healthy birthdays! go easy on the wine tonight!

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