How much does three cows run you anyway? Not that I have the space.
In a straw poll of my coworkers on friday several were “not looking”, one is bizarrely using all his available cash to trade up to an extremely expensive house needing a lot of work, and the majority were taking the sit tight and make with the gallows humour approach.
I’m cautiously optimistic. I just started investing this year, and I think I’m going to pick up some assets at good P/E ratios as a result of market mayhem.
When I lived in Vermont, my 80-year-old neighbour across the street owned what I assumed at first was a trailer park but in fact it represented his retirement savings. He never trusted banks or markets, so he put all his money into trailer homes; he had about 20 of them in his yard. Whenever he was running low on funds he would sell one and live off the money for a few years (he lived very frugally, no running water and no telephone). Not exactly what you’d call appreciating assets, but definitely tangible ones. And in his case, it worked!
There’s definitely some tragic stories in the post. It’s too bad that sheer panic kicks in for many, as we can surely attest by the testimony exhibited in the post. I can see people bailing out of mutual funds, but everything they own?
There was a post on Seeking Alpha this weekend which stated that last week was the most volatile week since 1987. Investors who looked at their portfolio values daily had a rough week.
I think Cow-backed Securities (CBS) might be a better bet. i.e. for the ones selling CBS (us), not the suckers buying them. Of course, we’ll have to get them AAA-rated but we can manage that with a bit of sorcery. And if we sell enough of this pile of dung, we might even get the government to bail us out. I can’t see how we can lose!
Nice to see the market continue to sink. With the huge jump Thursday and Friday I was afraid that the bailout announcement might have been the bottom, and I missed it. However, this morning I see an article in the G&M saying that for the bailout to really work the US housing market needs to “rebound”. That’s not going to happen. The bubble hasn’t fully deflated yet.
I don’t know whether it’s a lesson I learned or just the way my brain is wired, but I don’t understand panic selling at all. I see the market dropping and I wish I had more cash to buy with; I think about rebalancing my existing portfolio; I regret that I didn’t do more to unbalance my portfolio back when I knew the correction was coming. I don’t for a second think that I should sell and lock in a loss.
Actually, belted Galloways would be an especially good investment because I have insider knowledge that the International Belted Galloways Owners Association has finally reached settlement on a longstanding patent infringement suit against Nabisco for the Oreo cookie.
Witness the two parties in question and you’ll understand why:
[...] Canadian Capitalist writes about Investor Reaction to Market Volatility , so far I haven’t heard of anyone jumping out their windows, so it seems to be better than [...]
How much does three cows run you anyway? Not that I have the space.
In a straw poll of my coworkers on friday several were “not looking”, one is bizarrely using all his available cash to trade up to an extremely expensive house needing a lot of work, and the majority were taking the sit tight and make with the gallows humour approach.
I’m sitting tight. I went through 2000 meltdown and although I was somewhat oblivious at that time – this doesn’t seem anywhere near as bad.
Mr. Brown can moo, can you? (the cow story reminded me of one of my son’s books)
I’m cautiously optimistic. I just started investing this year, and I think I’m going to pick up some assets at good P/E ratios as a result of market mayhem.
When I lived in Vermont, my 80-year-old neighbour across the street owned what I assumed at first was a trailer park but in fact it represented his retirement savings. He never trusted banks or markets, so he put all his money into trailer homes; he had about 20 of them in his yard. Whenever he was running low on funds he would sell one and live off the money for a few years (he lived very frugally, no running water and no telephone). Not exactly what you’d call appreciating assets, but definitely tangible ones. And in his case, it worked!
Guinness: Looks like a milk cow will cost $2,000 to $4,000 according to this report.
http://blog.mlive.com/kzgazette/2008/03/video_got_50000_cows_sell_for.html
Mike: I haven’t been too bothered about this correction, so my 20% bond allocation might be a bit too high. Still, I’m not going to tweak it.
Robillard: I think valuations are reasonable as well. I picked up some VEA last week out of savings but mostly I’m holding.
brad: That’s an interesting story and a very unique retirement account.
There’s definitely some tragic stories in the post. It’s too bad that sheer panic kicks in for many, as we can surely attest by the testimony exhibited in the post. I can see people bailing out of mutual funds, but everything they own?
There was a post on Seeking Alpha this weekend which stated that last week was the most volatile week since 1987. Investors who looked at their portfolio values daily had a rough week.
seems like a good time to pile money in if you ask me.
Having done a bit of research, those belted galloways are good looking cows. Here are two for sale in Ottawa if you’re interested in diversifying, CC.
Hmm I think they’re overvalued (cows). I think I’ma gonna short sell me some cows. Can I borrow someone’s cow?
Not until after Oct 3rd.
I think Cow-backed Securities (CBS) might be a better bet. i.e. for the ones selling CBS (us), not the suckers buying them. Of course, we’ll have to get them AAA-rated but we can manage that with a bit of sorcery. And if we sell enough of this pile of dung, we might even get the government to bail us out. I can’t see how we can lose!
Nice to see the market continue to sink. With the huge jump Thursday and Friday I was afraid that the bailout announcement might have been the bottom, and I missed it. However, this morning I see an article in the G&M saying that for the bailout to really work the US housing market needs to “rebound”. That’s not going to happen. The bubble hasn’t fully deflated yet.
I don’t know whether it’s a lesson I learned or just the way my brain is wired, but I don’t understand panic selling at all. I see the market dropping and I wish I had more cash to buy with; I think about rebalancing my existing portfolio; I regret that I didn’t do more to unbalance my portfolio back when I knew the correction was coming. I don’t for a second think that I should sell and lock in a loss.
Actually, belted Galloways would be an especially good investment because I have insider knowledge that the International Belted Galloways Owners Association has finally reached settlement on a longstanding patent infringement suit against Nabisco for the Oreo cookie.
Witness the two parties in question and you’ll understand why:
The Oreo: http://www.youtube.com/oreo
The Belted Galloway: http://www.beltie.org/
The similarities in look and feel are too close to be coincidental.
I have taken all of your advice and bought a trailer park and filled it full of cows.
[...] Canadian Capitalist writes about Investor Reaction to Market Volatility , so far I haven’t heard of anyone jumping out their windows, so it seems to be better than [...]
[...] still drinking Coca-Cola?”…. “You still washing your clothes? That’s Procter & [...]