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| cptken |
 Posted: Fri Mar 28, 2008 2:28 pm Post subject: best advice |
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Investing Sr. Associate
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| Ok guys and gals i was out of the game for a while and had some major life changing events recently i have a 3 yr old son that i want to start saving for him to use as he sees fit after school what is the best advice you can give to someone any would be appreciative |
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| Staggs |
| Posted: Fri Mar 28, 2008 5:38 pm Post subject: |
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Investing Sr. Associate
Joined: 19 Jun 2007
Posts: 141
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Location: Wisconsin
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| That is a good question, I'm in a similiar boat as well. I think investing in yourself and your future will guarantee your sons future is bright because if your better off then your son will be better off if you plan to support him. |
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| Im Not Warren Buffett |
| Posted: Fri Mar 28, 2008 7:54 pm Post subject: Re: best advice |
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CFO
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| cptken wrote: | | Ok guys and gals i was out of the game for a while and had some major life changing events recently i have a 3 yr old son that i want to start saving for him to use as he sees fit after school what is the best advice you can give to someone any would be appreciative |
I've had about a dozen Grey Gooses tonight so my thoughts should be taken as such...
Before you want to set junior up with a post-college fund, make sure you have college taken care of. My college ran a $200k bill, and price inflation there isn't going anywhere unless you get "lucky" with financial aid, in which case you probably aren't in a position to consider setting junior up with a post-college fund.
Anywho, there are plenty of excellent companies trading at reasonable valuations right now to the point where you should be able to build a diversified portfolio. I like WFC and USB at under 11x earnings, AXP in the low $40s, JNJ in the low $60s, IR in the low $40s, BBBY in the mid $20s, a COH and/or RL for retail, HOG for a light consumer cyclical, WY, USG, or SHW for some housing exposure... how much did I cover?
I guarantee I named more stocks than have been mentioned by everyone else during the entire month of March. |
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| Grimreaper |
| Posted: Sat Mar 29, 2008 2:17 am Post subject: Re: best advice |
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CFO
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| Im Not Warren Buffett wrote: | | cptken wrote: | | Ok guys and gals i was out of the game for a while and had some major life changing events recently i have a 3 yr old son that i want to start saving for him to use as he sees fit after school what is the best advice you can give to someone any would be appreciative |
I've had about a dozen Grey Gooses tonight so my thoughts should be taken as such...
Before you want to set junior up with a post-college fund, make sure you have college taken care of. My college ran a $200k bill, and price inflation there isn't going anywhere unless you get "lucky" with financial aid, in which case you probably aren't in a position to consider setting junior up with a post-college fund.
Anywho, there are plenty of excellent companies trading at reasonable valuations right now to the point where you should be able to build a diversified portfolio. I like WFC and USB at under 11x earnings, AXP in the low $40s, JNJ in the low $60s, IR in the low $40s, BBBY in the mid $20s, a COH and/or RL for retail, HOG for a light consumer cyclical, WY, USG, or SHW for some housing exposure... how much did I cover?
I guarantee I named more stocks than have been mentioned by everyone else during the entire month of March. |
Hmmmm...the 1 dat "sticks out" da most on yer list is USG. I'm wreckin you are gonna ride the real WB's coattails all the way down to sub $10?  Let's look at it from a logimacal standpoint. Since TOL (a homebuilder) will net da fokes who bought yer wreck-o-mendayshun at 29.75 a loss down ta say $10 dallahs....and da fokes who bot dem TOL houses will be able to live payment-free till at least mid 2009 as their foreclosure case will be stuck in da courts for an estreee 12 mumphs...there will be ALOT ov damage dat can be dunn to EVERY wall in the house!  Suuuuure....USG will be a GOOGn in 2 years maybe. Have a few more Grey Goooskees pal.  |
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| Im Not Warren Buffett |
| Posted: Sat Mar 29, 2008 7:21 am Post subject: |
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CFO
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I think USG would be taken out long before it got to $10... just a thought.
Neither my family, friends... or people I dislike but who ask me about stocks have I ever suggested buy a homebuilder. If they press, I'll offer that AVTR and NVR look to have the least in the way of liquidity issues. The materials companies do not have the inventory problems of the homebuilders, so they should be much safer.
I also like USG as a hedge on natural disasters... like that hurricane you're working up to wipe out the Hamptons. If you own an insurer that writes property/super-cat (I like BRK, MKL, and WTM), they'll take a loss on the hurricane, but a building materials company like USG will earn more money because of the need to rebuild. I believe this is part of the reason Buffett owns such a big stake in USG. |
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| Staggs |
| Posted: Sat Mar 29, 2008 4:06 pm Post subject: Re: best advice |
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Investing Sr. Associate
Joined: 19 Jun 2007
Posts: 141
This Month: 0
Location: Wisconsin
3884.82 e$
Net worth: 13,634.82
Portfolio Value: 9,750.00
Monthly Return: -11.76%
Trades this month: 0
Churn Rate: 0.00%Items
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| Im Not Warren Buffett wrote: | | cptken wrote: | | Ok guys and gals i was out of the game for a while and had some major life changing events recently i have a 3 yr old son that i want to start saving for him to use as he sees fit after school what is the best advice you can give to someone any would be appreciative |
I've had about a dozen Grey Gooses tonight so my thoughts should be taken as such...
Before you want to set junior up with a post-college fund, make sure you have college taken care of. My college ran a $200k bill, and price inflation there isn't going anywhere unless you get "lucky" with financial aid, in which case you probably aren't in a position to consider setting junior up with a post-college fund.
Anywho, there are plenty of excellent companies trading at reasonable valuations right now to the point where you should be able to build a diversified portfolio. I like WFC and USB at under 11x earnings, AXP in the low $40s, JNJ in the low $60s, IR in the low $40s, BBBY in the mid $20s, a COH and/or RL for retail, HOG for a light consumer cyclical, WY, USG, or SHW for some housing exposure... how much did I cover?
I guarantee I named more stocks than have been mentioned by everyone else during the entire month of March. |
Well I think you should have a few grey gooses a little more often this site can use your insight. To bad da Reaper doesn't pull back a few once and awhile.  |
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| Im Not Warren Buffett |
| Posted: Sat Mar 29, 2008 7:29 pm Post subject: |
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CFO
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| This site can use any legitimate mention of a ticker symbol, it sucks so bad. |
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| Grimreaper |
| Posted: Sun Mar 30, 2008 7:37 am Post subject: |
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CFO
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| Im Not Warren Buffett wrote: | I think USG would be taken out long before it got to $10... just a thought.
Neither my family, friends... or people I dislike but who ask me about stocks have I ever suggested buy a homebuilder. If they press, I'll offer that AVTR and NVR look to have the least in the way of liquidity issues. The materials companies do not have the inventory problems of the homebuilders, so they should be much safer.
I also like USG as a hedge on natural disasters... like that hurricane you're working up to wipe out the Hamptons. If you own an insurer that writes property/super-cat (I like BRK, MKL, and WTM), they'll take a loss on the hurricane, but a building materials company like USG will earn more money because of the need to rebuild. I believe this is part of the reason Buffett owns such a big stake in USG. |
Ackchooly...da "herricane" thingy wassa bout the ONLY thaaang I wassa wroo...wrrrrr....my judgemunt was off by a tad on. It's ackchooly a GIANT Sue Nahmee washing ova da Hamptons! Da trooly badder news is dat psunamis tend to go in waves...getit?!! ....maaaan I crack meself up sometimes Uhhhhhm.. BSC wassa da foist wave....ifn ya remembah, when Bernanke last stud bafo Congruss he said  "Why doanchu idiots in da banking seckter just face da fax and stawt writing down yer loans directly to da consumer ya's took advantage of?"....Da banks said " " Insted da banks decided to put da current CEO ov BSC up in front of da masses n confiduntly proclaimed "All is well, no need ta werry bout nuthin I tell ya, ha ha, he he, ho ho!" Noooow, Bernanke ALSO said "some banks will probably fail"....the appropreeyut word is banks...as in "more than 1"  I'm personally taking down LEH....and I am also betting dat what Wall St toldja bout JPM being an organizayshun ov geniuses isn't exackly cerreckt none neither. And God help those who are in any way, shape, or form affiliated wit a Hedge Fund! Uncle Sam wants you noooow!   |
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| cptken |
| Posted: Mon Mar 31, 2008 5:49 am Post subject: |
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Investing Sr. Associate
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| THANKS FOR ALL THE HELP GUYS IT IS VERY MUCH APPRECIATED |
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| jake |
| Posted: Wed Apr 09, 2008 12:54 am Post subject: |
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Investing Associate
Joined: 08 Apr 2008
Posts: 11
This Month: 0
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| Invest in your son's education and health, that's a good investment in anyone's parlance. He will not be able to thank you enough. |
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