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  1. randallg99

    The 100+ hour work week?

    when I opened my first retail facility at age 23, I spent every waking moment in the operation... developing systems, managing inventory, purchasing, financing, sales, hiring, etc to the point that 100+ hours flew by so fast that I forgot my girlfriend existed until she broke up with me. it...
  2. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    SteveO- apologies if offense was taken and there honestly isnt't any ill intention. there are a lot of very bullish folks out there and of course, long term I am bullish as well but as investors in equities aka paper assets, we have to realize that it's going to take significant amount of time...
  3. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    thanks, Unicon.... someone "gets it" around here I really gotta say that it really (insert vulgarities here) sucks to be on the right side of the trade only to have the most historical precendent set against it.... (the bailouts) and you are right about our debt.... but the vicious cycle...
  4. randallg99

    Happy MOM's DAY!!!

    earlier today on one of the good morning shows, there was a collage of photos of mothers around the country and that really doesn't come close to the amount of gratitude all of our moms deserve... happy mothers day. R
  5. randallg99

    Walmart: Love it or Hate it?

    OFF-TOPIC 
    service at wal mart stinks worse than the NY thruway gas station bathroom on a good day the problem is not that the consumer wants to pay the cheapest prices... that's ok, in my opinion. But, the problem is that the consumer has expectations that the cheapest products are as good as the more...
  6. randallg99

    Altria Group Fallout

    I don't own MO, but at first thought/glance- 1. municipal and state budget shortages will almost certainly impact excise taxes all around the country and that potentially affects sales 2. wasn't there a spin off? did another company symbol magically appear in your statement by any chance...
  7. randallg99

    If You Had $300,000 What Business Would You Buy?

    recently golfed with one of the largest restaurant-equipment suppliers on the east coast who would differ with your opinion stating that the costs of flour, corn, dairy (basically all foods) have made the pizza shops much more competitive with other restaurants and no longer the pizza parlor is...
  8. randallg99

    Need a good stock trading system

    INVESTING 
    me too. This is why I use Ameritrade heavily and manage several ports there... +++
  9. randallg99

    Attention Landlords: Don't be a Wimp

    REAL ESTATE 
    all of my leases allow payments up until the 5th of the month without the late fee and the late fee amounts to 10% of unpaid rent.... and arent you enforcing the lease? you are not extorting people... the tenants already agreed to pay on time and if they dont, then a call is not a terrible...
  10. randallg99

    The Best Advice I Ever Got

    absolutely, positively one of my favorite quotes of all time. ++++++++
  11. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    so the fed cut another 1/4 today... and 2 dissented leading us to believe that those votes were more concerned about inflation (strength of the US$) than the health of the economy. a couple of points to ponder: with the population rate higher than 0.6%, the economy is effectively contracting...
  12. randallg99

    Investing in Gold?

    INVESTING 
    silver in the low 17's make it almost a no-brainer.... but WTFDIK precious metal mining companies with virtually none to little hedging also make sense. One company I like is SLW (I have no position currently.) Another I like is AUY (disclosure: I own AUY and some LEAPS.... I originally...
  13. randallg99

    Is 20% Equity TOO Much!?

    REAL ESTATE 
    equity is a very important element of my net worth and while i concur that utilizing that very equity is important for building net worth, it must be done with prudence. If anyone here has read another thread in the paper assets category, they will understand my philosophy about averting risk as...
  14. randallg99

    Retail Workshop Learnings

    WEB/DIGITAL 
    it's a resale certificate required by the state that closely resembles the fed id#... when buying from suppliers, they will ask for a copy of this certificate so that they don't charge you sales tax on the merchandise you will be selling. hope the QB seminar did you some good. I use QB pro for...
  15. randallg99

    Investing in Gold?

    INVESTING 
    andviv - don't forget that commodities were in a dry spell for about 20 years and profitiability was hard to find especially at the price levels they maintained. to sustain positive earnings, miners resorted to low costs thus low mining outputs. miners investing in infrastructure while gold was...
  16. randallg99

    Do you know when to start?

    MINDSET 
    funny this topic appears... just this past weekend was hanging with friends and one who has been married for 6 years w/o kids confided that he has been "waiting for the right time" to have kids. there's never a "right" time to do anything you really want to pursue.... nobody ever announces...
  17. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    it's been about 6 months since I started this thread and we are about several hundred billion dollars of write downs and infusions later. I played my cards right and there is absolutely no way I could have ever expected the huge bail outs our government and Fed chairman have instated and if...
  18. randallg99

    RE Building question

    REAL ESTATE 
    are there any zoning, land, survey issues? if you remove this structure, the township may disallow anything being rebuilt depending upon modern day zoning
  19. randallg99

    Retail Workshop Learnings

    WEB/DIGITAL 
    1. any merchandise you resell is not subject to sales tax. 2. this varies from state to state. 3. this also varies from state to state. 4. jurisdiction of the land always prevails. you are very smart to get good information straight from the horse's mouth. if you can stand one more...
  20. randallg99

    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    I am in complete agreement with this author.... this economy will be flipped upside down with a fork far up its a$$ if inflation continues to threaten economic output since now there is no more ammo to stimulate more economic activity... inflation must be kept at bay if economy slows down...

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