tag:blogger.com,1999:blog-27697009.post6333615032331672109..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : How to Start Your Own Investment FundJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-27697009.post-18692094203975068112011-10-05T08:43:10.913-07:002011-10-05T08:43:10.913-07:00How about we get this website rolling again?
-Ange...How about we get this website rolling again?<br />-AngeloAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-3242777050449541622009-12-22T09:21:36.339-08:002009-12-22T09:21:36.339-08:00I liked it.
BathmateI liked it.<br /><a rel="nofollow">Bathmate</a>bathmatehttps://www.blogger.com/profile/08828026417866333107noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-444959226170225172008-12-30T11:10:00.000-08:002008-12-30T11:10:00.000-08:00Hi Dan Thanks for the complements. If you do anyt...Hi Dan <BR/><BR/>Thanks for the complements. If you do anything I would try to form a corporation or LLC outside of the US. My thinking on this is that it is very uncertain what our government is going to do next. Plus some of the paperwork you have to figure out quarterly is almost impossible to understand let alone fill out.<BR/><BR/>I can't give you much help on some of this real estate paper floating about. Some of it is pretty abstract stuff.<BR/><BR/>I think that it is still way too early to dive into the Real Estate market. The bottom of most down real estate markets lasts at least 6 years. 2009 is the beginning of the resets for interest only loans.<BR/><BR/>The other hand interest rates are so artificially low that you still might do OK buying the present market, rates could rocket up to about 15%.<BR/><BR/>An LLC would be the best way to go. As the general partner, you get to keep half the profits and the investors put up the funds. The WSJ had a good article today on Hock Shops--that might be a better way to get a bang for your buck.<BR/><BR/>Take careJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-34692649241491622722008-12-28T19:06:00.000-08:002008-12-28T19:06:00.000-08:00Hello Jim.Let me start by saying the website rocks...Hello Jim.<BR/><BR/>Let me start by saying the website rocks, as does your input. It is very cool that you take the time to get back to everybody in their questions/comments.<BR/><BR/>I have been practicing and always further studying residential real estate for a while and am currently putting together a proposal for a RE investment fund. I am mere 25 years of age, and technically have no experience in managing investment funds, though this I am doing because I have a good knowledge of a specific area that has REO's in heavy development neighborhoods. I was told to put this together by one of my investment sources after a conversation that we had on the opportunity involved in working with smaller lofts at 200-300k a piece. Due to the size of the properties and my experience (or lack there of), I am only putting together a proposal for a 2-3 million dollar fund. I am currently researching any info/ flags I should look for (such as the llc/corp requirements, taxes, SEC restrictions, etc..) although I still feel like I could be more lost than I realize. <BR/><BR/>I know this is something I am fully capable of handling, although it is only a wise move to go to those who are wiser.. so ANY suggestions and/or recommendations you may have for resources and such would be greatly appreciated. Thank you again, on everyone's behalf, for this awesome site.<BR/><BR/>Best wishes, <BR/>DanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-35108491088948676352008-10-01T20:00:00.000-07:002008-10-01T20:00:00.000-07:00Comments invited from those of sound mind:6 months...Comments invited from those of sound mind:<BR/><BR/>6 months from now, will I look like a genius if tomorrow morning I cash in my 401K early, take the hit and the cash and pay off my mortgage with? I haven't lost anything in the last year, my money has been in the money market. So I am not cementing any losses here, other than the early cashout.Chuckhttps://www.blogger.com/profile/03127737412698892696noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-76421502135084343822008-09-05T13:20:00.000-07:002008-09-05T13:20:00.000-07:00Hi Anon 6:52I haven't had any sort of dealings wi...Hi Anon 6:52<BR/><BR/>I haven't had any sort of dealings with them. You could be right. It was one of many, offering services on the web.<BR/><BR/>I guess it reaffirms the idea that there is no honor among thieves.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-43295807412876446092008-09-05T06:52:00.000-07:002008-09-05T06:52:00.000-07:00www.offshore-manual.com seems to be a scam site. ...www.offshore-manual.com seems to be a scam site. Have you had successful dealings with them?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-79145113284890971992008-08-30T22:21:00.000-07:002008-08-30T22:21:00.000-07:00Hi JamieNo words of wisdom, I haven't messed with ...Hi Jamie<BR/><BR/>No words of wisdom, I haven't messed with that endeavor, so I can't really help you.<BR/><BR/>I can tell you if you stay clear of Federal laws, you probably won't spend more than 3 years in jail if you get caught spending it on yourself.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-21626749089374799752008-08-30T13:47:00.000-07:002008-08-30T13:47:00.000-07:00Any words of wisdom for a rookie wanting to start ...Any words of wisdom for a rookie wanting to start a private investment fund with a focus on Brazil Real Estate?Maria Ritahttps://www.blogger.com/profile/11346354803407636923noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-48942751838838578132008-08-08T22:34:00.000-07:002008-08-08T22:34:00.000-07:00Hi Anon 11:00There are some deals out there on veh...Hi Anon 11:00<BR/><BR/>There are some deals out there on vehicles. If you can get 50% off on the price and have to finance it, you will save enough to pay the extra at the pump.<BR/><BR/>Even though your money might be insured by FDIC, the one thing not mentioned much, is that they have some time before you have to be paid. It looks like they have years to pay you off, which doesn't sound good.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-73754996309893510962008-08-08T22:03:00.000-07:002008-08-08T22:03:00.000-07:00Hi Anon 5:14Most of the people I know don't even h...Hi Anon 5:14<BR/><BR/>Most of the people I know don't even have 10k in the bank. But if you have a lot of cash, you don't have to worry about bank maximum amounts if you bank with the U. S Treasury. Here is a <A HREF="http://www.savingsbonds.gov/indiv/myaccount/myaccount_treasurydirect.htm" REL="nofollow">Link</A> You can have a Gazillion dollars in the account and it is all insured.<BR/><BR/>I've heard that all of the Colombian drug dealers swear by this program (my wife and I use it and we're not from Colombia).<BR/><BR/>Thank you for the heads up. We help ourselves by helping others.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-34822870371772453592008-08-07T17:14:00.000-07:002008-08-07T17:14:00.000-07:00anonymous said ...Careful of shaky WA Mu. The Fede...anonymous said ...<BR/><BR/>Careful of shaky WA Mu. The Federal Deposit Insurance is only $100,000 per person per bank. Retirement accounts can be insured to $250,000. Please check it out with care that you are not over the federal insurance limit. Sometimes those bank rates are to good to be true.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-75005188474941164242008-08-05T23:00:00.000-07:002008-08-05T23:00:00.000-07:00Last month Chrysler was offering 50% off on their ...Last month Chrysler was offering 50% off on their pickup trucks. One of my coworkers bought one. We figured that, even with expensive gas, he'd beat the total ownership cost of a Prius for at least 6 years.<BR/><BR/>I tried to tell him that a car company that is selling vehicles for 50% off is obviously scrambling for cash. Desperate.<BR/><BR/>My own bank, WaMu, is suddenly offering killer rates after a year of crappy rates. I've shifted all my savings there. A bank offering killer rates right now must be despearate for cash. However, I can't help myself! I'm drawn to it like flies on dog poop.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-84512389629058809162008-08-05T19:57:00.000-07:002008-08-05T19:57:00.000-07:00Hi WatchtowerThe drop in the price of oil could be...Hi Watchtower<BR/><BR/>The drop in the price of oil could be an indicator of world economic conditions. Things are getting worse as people are being laid off. <BR/><BR/>Speculation is still the name of the game. T. Boone Pickens is no dummy. I just can't picture him saying oil will reach $150 a barrel with a straight face. There is more to what's going on than meets the eye and it's probably all above board and legal.<BR/><BR/>Right now there are hints that a big hedgie or two heavy in commodities might bite the dust real soon, could prove to be an interesting week.<BR/><BR/>Thank you for the ata boy.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-85768675040247280442008-08-05T14:16:00.000-07:002008-08-05T14:16:00.000-07:00Jim Please forgive me for beating a dead horse but...Jim <BR/>Please forgive me for beating a dead horse but "you da man", oil continues it's trek down.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-34143629330842659312008-08-05T06:42:00.000-07:002008-08-05T06:42:00.000-07:00Hi Im not PotusIf CH= Switzerland and CHF =the Swi...Hi Im not Potus<BR/><BR/>If CH= Switzerland and CHF =the Swisss Franc, it might not work like you think it would.<BR/><BR/>Back in the 1970's I used a Swiss bank account to speculate in currencies. So many investors were putting their money in the Swiss Franc that the banks started charging the customers interest on their savings accounts held in Swiss Francs. The increased deposits were causing inflation inside the country.<BR/><BR/>The financial world is like a floating boat. If everyone decides to move to starboard at the same time; you solve one problem and create another.<BR/><BR/>It's going to be interesting to see how this all plays out.<BR/><BR/>Your right about one thing, you'll need a sense of humor, to get through this mess.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-53196155668288193512008-08-04T18:32:00.000-07:002008-08-04T18:32:00.000-07:00To keep this tongue and check. I would pick anothe...To keep this tongue and check. I would pick another local for the fun. Me thinks “someone” will find an immanent threat of terrorist funding that will require an immediate physical seizure (aka invasion) of the bank havens in the Caribbean to prevent a credible attack.<BR/>And all of a sudden the plunge protection team will have a lot more “bazookas” to play with.<BR/><BR/>I vote we start a setup in CH. Because I favor the CHF as the fiat of last resort.I'm Not POTUShttps://www.blogger.com/profile/06885542838234710249noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-65909650653881747132008-08-03T21:04:00.000-07:002008-08-03T21:04:00.000-07:00Hi Catholic Girl I don't think that there is too m...Hi Catholic Girl<BR/> <BR/>I don't think that there is too much to fear, knowing what will happen keeps one prepared. It's only going to be real bad for those who commute 100 miles in an Hummer that recently bought a new home.<BR/><BR/>The only reason that they will suffer and we won't is that they are holding on waiting for things to get better.<BR/><BR/>A better reason for stocking up on food,water, a Coleman lantern and stove would be to be prepared for an earthquake (if you live out here in California).<BR/><BR/>In the 1930's farm machinery reduced the farmers from 80% of the population down to 20%. Computers seem to be doing the same thing to industry today.<BR/><BR/>As for a government program (I'm assuming that that was tongue in cheek), California's Workman's Compensation Program pays on just about anything, you might even qualify for a benefit check. <BR/><BR/>Good luck and don't stack the rice bags too high.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-42356471896954012902008-08-03T16:09:00.000-07:002008-08-03T16:09:00.000-07:00I am reading and learning a lot but I want it to g...I am reading and learning a lot but I want it to get better... I am tired of all this mess... I am tired of losing money... I am self centered for sure... but I can't help it... I don't want the depression of 2006 2007 or 2008- I want the recovery of 2009... gosh darn it I stocked up on staples the other day... and crowded my cupboards... and I don't even cook... we go out most nights... I don't like feeling insecure... yes, I am happier in a bubble! Tell me it is going to get better... because my husband is tired of me hauling in rice and brown sugar bags just because I am scared! He brings home a pretty good salary- and I keep telling him we're all going to starve:) I NEED depression therapy!!!<BR/>Do you think there is a government program for that?<BR/>Catholic girlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-36500720277681247652008-08-03T12:46:00.000-07:002008-08-03T12:46:00.000-07:00Hi SackAnon 9:28 probably has the right idea. The...Hi Sack<BR/><BR/>Anon 9:28 probably has the right idea. They are not printing more Euros. I just don't think that the Euro's Union can hold together under this mess. There could be a break up.<BR/><BR/>As for starting a hedge fund to help myself get rich, it's counter productive to the way I was brought up. Paco Bell hit the nail on the head. We know better.<BR/><BR/>The thing I was pointing out, is that with these hedge funds, we are only numbered accounts to them. How they influence our personal lives doesn't even come into the picture. These funds are feeding their familys and kids and that's all that counts.<BR/><BR/>The investor has to take the final responsibility for the way his money is invested, caveat emptor.<BR/><BR/>Thank you both for you your commentsJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-22426305996478778622008-08-02T15:33:00.000-07:002008-08-02T15:33:00.000-07:00*ahem* CHF Top tips Jim, if only I had the cojones...*ahem* CHF <BR/><BR/>Top tips Jim, if only I had the cojones, and possessed the necessary amount of moral ambiguity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-2424271428966694912008-08-01T09:28:00.000-07:002008-08-01T09:28:00.000-07:00*cough* EURO *cough**cough* EURO *cough*Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-33980405818498328792008-08-01T01:22:00.000-07:002008-08-01T01:22:00.000-07:00Many a truth is spoken in jest. Since you and I ha...Many a truth is spoken in jest. Since you and I have both correctly (and well in advance) foreseen the market turmoil, why not start up our own hedge funds? Of course, I'd have to begin by putting it all in cash for a year or two - any favoured currencies?Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.com