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  1. hakrjak

    Slowlane Gravity ...

    MINDSET SLOWLANE 
    So the real question is -- How do you break out of slowlane gravity? And don't give me mind-over-matter, because I've been an optimist for my whole life! haha :D - Hakrjak
  2. hakrjak

    Interest rates

    INVESTING 
    More news today that the Fed will be maintaining a low interest rate environment for some time to come.... Fed says "extended period" may last a long time - Yahoo! Finance=
  3. hakrjak

    Slowlane Gravity ...

    MINDSET SLOWLANE 
    My #1 hurdle: Cost of Capital -- My biggest hurdle in escaping the slow lane has been money. Period. If I want to borrow hard money for my Real Estate deals, the cost of capital threatens to eat 60-80% of my potential profit. It makes it not worth my while in most cases. It is now almost...
  4. hakrjak

    Keeping a high mortgage for asset protection purposes?

    REAL ESTATE 
    good plan... I never understood why some guys had a strategy of draining equity from rentals... But either way, nobody offers HELOCs on non owner occs now, so you can't do this anymore anyway.
  5. hakrjak

    Keeping a high mortgage for asset protection purposes?

    REAL ESTATE 
    I maintain close to a 100% LTV loan on my personal residence.... Mainly because I took out all the equity to buy investment property... But when I've thought about it in the past -- What better property to max out the LTV on? If things get bad... You're personal residence is very hard to get...
  6. hakrjak

    Interest rates

    INVESTING 
    And LIBOR still looks very stable, by the way.... Check out the latest: LIBOR | 1 Month Libor 3 Rate 6 Month Rates Bond Index Current One 90 day 30 Day I just had an ARM adjust to Libor + 2.25% this month on the 1st, and couldn't be happier. It went down from 4.85% to 3.1% Cheers, - Hakrjak
  7. hakrjak

    Interest rates

    INVESTING 
    Those terms are pretty industry standard for hard money right now. I was actually getting quoted 12.9% with 5 pts up front here recently. Regarding ARMs -- most from a few years back are tied to LIBOR -- so it will be interesting to watch those rates and how they move vs treasuries IF we see...
  8. hakrjak

    Proudly Made in the USA.

    HOT! 
    I generally associate something made in the USA with a better quality than the products made elsewhere. I figure that they can use heavier weight raw materials because they don't have to worry about shippping half way around the world, and that the people who are assembling it are generally not...
  9. hakrjak

    MJ is offering free mentoring!!!

    GOLD! EXECUTION 
    It's crazy that I was so active over there for so many years, and I don't even remember a thread with you in it. We must have just passed in the night! Cheers, - Hakrjak
  10. hakrjak

    How to get investment

    Sounds like about 80% of your budget is going to go to pay the bribes then... :D - Hakrjak
  11. hakrjak

    Dow poised for a big drop?

    HOT! INVESTING 
    That's the other thing that gave me pause.... When you see the # of Bulls on CNBC like you do right now -- You know it's time to exit. Sad that it took me years to learn this basic fact... - Hakrjak
  12. hakrjak

    Dow poised for a big drop?

    HOT! INVESTING 
    I haven't traded options since the late 90's / early 00's (Where I promptly lost $15k betting on Internet stocks, and stopped -- I'll admit)... But the reason why I'm thinking this is a big deal is because it seems like markets turn DOWN a lot faster than they go up... Especially in this...
  13. hakrjak

    Dow poised for a big drop?

    HOT! INVESTING 
    I don't know if there is a real dissagreement there, because I'd say that the technical trade, as well as the fundamental trade is to sell here. That's why I'm kind of eager to jump back in, because this is the first time in a very long time that I've seen both indicators pointing in the same...
  14. hakrjak

    Dow poised for a big drop?

    HOT! INVESTING 
    So will you be selling anything that's gone up the most in the past year, or do you have specific sectors in mind that would benefit from short selling the most? Cheers, - Hakrjak
  15. hakrjak

    Dow poised for a big drop?

    HOT! INVESTING 
    I think it's up more like 70% for the past 12 months? So everyone here is playing the old "The Trend Is Your Friend" play huh? I guess it's OK with stops in place... But following ridiculous bull markets with no fundamental basis doesn't really sound like skilled investing to me...
  16. hakrjak

    Dow poised for a big drop?

    HOT! INVESTING 
    Dow Jones Industrial Average Index Chart - Yahoo! Finance The Dow is up huge in the past 12 months.... There is absolutely nothing to fundamentally support this climb.... Companies continue to lay off in droves.... Anti-market pressure continues to grow with the current federal...
  17. hakrjak

    Interest rates

    INVESTING 
    I think the point was that with all those factors in place that Bounce ref'd... We don't have to worry about interest rates going anywhere for awhile yet.... Cheers, - Hakrjak
  18. hakrjak

    How do you all keep your books?

    Just wanted to post a quick followup after I had my final tax meeting with my accountant last week, and mailed off my return. I asked him about receipts vs. statements for audit purposes, and he advised Quickbooks right away.... Saying, and I quote, "Every audit I've ever been through with a...
  19. hakrjak

    Time to Get Organized

    FUNNY 
    Russ -- Definitely not saying I believe it 100%, but if you had a country's government dedicate 100+ experts, and a couple $million in budget in order to counterfeit another country's currency... That sure would give them a head start over the Mom & Pop guys trying to do this in their basement...
  20. hakrjak

    Time to Get Organized

    FUNNY 
    Wow, that is some serious cash! I read somewhere that the government of Iran has the absolute best counfeiting operation in the world, and they crank out millions of dollars of US currency daily from their presses. Their money is so good, it rarely fails a counterfeiting test. So it begs...

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