Talking about nose dives ...
http://www.bloomberg.com/apps/news?p...efer=worldwide
E-Trade is in trouble.
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13-11-2007, 10:32 AM #11
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13-11-2007, 10:40 AM #12
Ah - land banking... Have you actually tried to cash in any of that land yet? Here's some interesting reading on what happened to Land Banking in the UK: http://www.propertyscam.org.uk/
The people trying to sell this stuff are the same people who tried to sell viaticals a few years back - complete scam merchants.
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13-11-2007, 10:42 AM #13
Oh ... didn't know the term "viaticals" .. someone had approached me several years ago.
Just sounded way too weird to me, to profit on someone's life insurance.
Funny thing is I'm meeting the guy for drinks this week.
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13-11-2007, 11:04 AM #14
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13-11-2007, 12:18 PM #15
PDLM asked: Ah - land banking... Have you actually tried to cash in any of that land yet?
Answer: Yes. In 2001, the Walton Company sold the land to a developer who built more than 500 homes and a large shopping mall. I received a very nice USD$350,000 for my investment. I no longer invest as I am able to live very well on retirement and interest earned. Since then, most of the land in Alberta has increased due to the shale-oil reserves.
PDLM, Are you an investor in stocks now?
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13-11-2007, 12:50 PM #16
My long term (5-15 year, 50%of my portfolio) investments are largely in equities, yes. And they very happily produce 8-10% per year. My medium term (2-5 year, 20%) is largely in bonds, producing yields of around 5-6%, and the UK Guaranteed Equity Bonds (one having just matured with an average annual gain over 5 years of 9.5%). In the short term I'm dabbling in equity and things like that (ETFs, one or two managed funds, etc) with about 10% of my portfolio. I also have about 20% in property both here and in The Philippines, but those are primarily as family homes not as investments per se.
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13-11-2007, 04:35 PM #17
I guess Uncle Sam and Bernanke will come to the rescue and save E-Trade and the rest of investment bankers. More rate cut and more excessive liquidity to correct the current credit crunch. the so called street experts and veterans saying credit crunch and subprime mess are behind us must be kidding themselves. wait until the appraisers and valuation specialists looking at countrywide balance sheets... more write off or "B" word is loooming.
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Originally Posted by KnowItAll:
