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  1. randallg99

    My lawyer kicks ARSE/a$$!

    OFF-TOPIC 
    CPAs and attorney searching: we found our accountant through one of our trade groups... after firing the prior CPA for his ineptitude and his persistent negative aura, we went searching. Instead of using the internet, I would highly recommend asking like minded people who they use and if...
  2. randallg99

    Is Ownership Crucial to Fastlane Wealth

    you want to own as much as you can regardless of who is building the company/project or the one putting in the capital
  3. randallg99

    The economy, tenants and your thoughts.

    REAL ESTATE 
    the irony is that us landlords were absolutely elated once the housing market started going downhill thinking we would finally capitalize on higher rents after a plateau in rates for a few years. now the multitude of problems is nailing the consumer but the rent/mortgage must always be top...
  4. randallg99

    Your definition of millionaire

    HOT! 
    its very possible to own 2mil worth of debt while owning 1mil worth of assets... does that qualify as a millionaire?
  5. randallg99

    Anyone Think Oil Is In A Bubble?

    HOT! INVESTING 
    1st- yes, we are in a bubble. 2nd - yes, it will pop. But not for a long time... after the olympics end in china, we may see a slow down in pent up demand speculation has driven up the price by approx 5-10% so the impact of speculation is rather minimal... we are witnessing the truest form of...
  6. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    anyone have any good news to report after the Fed released their minutes? so, our esteemed Fed anticipates higher inflation and unemployment, no more rate cuts, no bottom to the housing mess... here comes stagflation and mark my words- the Fed will cut again despite claiming they wont no...
  7. randallg99

    Shared Portfolio

    HOT! INVESTING 
    I have sold BKC yesterday and added to Golden Ocean Freight (GDOCF)... GDOCF announced a .55 dividend. 29% yield at current pricing. Need I say more? i will also be adding to FDG in upcoming week(s) Do your own DD. R
  8. randallg99

    Subprime Meltdown: What about HELOCs?

    REAL ESTATE 
    I think GreenPoint has liquidated their assets/sold them off and folded up since this post...
  9. randallg99

    What time do you start your day?

    HOT! MINDSET 
    5.45a
  10. randallg99

    Shorting subprime: MBS, REITs, title companies, home builders,etc

    INVESTING 
    Re: Shorting subprime: MBS, REITs, title companies, home builders Here is what I see and this is strictly objective and without hard data- the markets are very forward looking which at this time is very promising since there appears to be light at the end of the tunnel, but the 64k question...
  11. randallg99

    Shared Portfolio

    HOT! INVESTING 
    below is a listing of what holdings my portfolios contain. This is a long term strategic porftolio that is hopefully designed to counteract the US$ demise and to capture the expanding global markets. We live in an age where we can capitalize on world markets unlike only a decade ago we were...
  12. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    here's a commentary below that highlights and corroborates much of my very own sentiment except the author below is much more eloquent than me. in my own view there is only so much stress the monetary system can sustain while resource costs increase and dollar values decrease.... CREDIT...
  13. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    As a rule, the Fed supports/protects the banking system by having actual funds on hand in the form of cash in US$ which is unleveraged (supposedly) . the reality is that when funds are depleted, the Fed has the ability to print the money to make up for the short fall. The Fed can also issue...
  14. randallg99

    Advice for my 1st IRS Audit

    I have gone through a couple of audits and I can tell you that you really need to know your rights.... but I have never heard of this new invasive type of `research`.... sounds like a bunch of BS to me and that right there raises a red flag. Can you ask the auditor exactly how this works...
  15. randallg99

    My 401k plan, please read need some advice. Thanks!

    Adam - here is what I think you should collectively gather and try to do based on some good advice from others here (JScott, tsbells, etc... ) part of my investing style has always avoided taxation and capital gains... this type of thinking may or may not be slow lane, but it has...
  16. randallg99

    My 401k plan, please read need some advice. Thanks!

    you don't tell much about your physical condition that may require insurance... do you have a family that requires insurance? you are 24 and your 401k is losing money "everyday"... how much of that is employers' contribution? I personally don't like the idea of RE investing using the "nest...
  17. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    RJP: great charts, thanks and +++... the Fed's answer to this is dusting off the money-printing machine and letting the press run 24/7. While these helicopter drops of cash have saved our banking system thus far, the influx of cash has not hit the retail level.... as consumers, we are still...
  18. randallg99

    Using Technology to Your Advantage

    I don't provide PDA's to my employees, but they have business emails. I only expect my employees to work during business hours but they are able to access their emails from home using the internet based program. If they choose to work off-hours by responding to emails, then it's their...
  19. randallg99

    Using Technology to Your Advantage

    dude, I am on a golf course, in seminars, out for dinner, at social events, walking my daughter in the park and I can do business all day because of my blackberry. quite frankly, it's absolutely, positively awesome. ps. I leave my phone/blackberry in the kitchen at night so I am not...
  20. randallg99

    Accounting software

    QuickBooks Pro is easy to use, CPAs are familiar with it, easy to save and back up. You can download info directly from bank accounts (biz accounts), create excellent P&L, balance sheets, and other special reports on the fly... very, very highly recommended. I agree with JScott: I don't like...
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