Lets assume you have a job scrap.how long will it take for you to get another job? Raise a family? It takes 300 k to send your 2 kids to college.......Did you pay for that out of your pocket scrap or did you look for a student loan and saddled your kids with debt and say....I did good right kids.roflamo........you should of had 2 jobs scrap......but why would you put yourself out to change a generation...that would require effort.........most of the people of this board have a few dollars and buy a few shares hoping to make a hundred dollars........none of you are big investors.......you think you are doing good......you are not smarter then everyone else.......it takes a incredible amount of effort to pay off your debt and to take a leap forward and change a generation........this is something most of you did not do. trust me you arte not smarter then the guy before you and you are not smart then the guy in front of you. One final not if you think government pensions and social security will be around until the baby boomers pass you are wrong. What you are seeing in this country is two things, interets rates going up and taxes are going up. Our Fed uses Kensyian economics to manage this economy. They can no longer kick the can down the road...you will pay for it today. hence the credit card thing.........hence your risk reward in the stock market has been reduced due to taxes...what dont you get this is the real world
Scrap............why is it ludicrous to be debt free? The concept of credit is to manage it and to repay it. ...thats what happens when you pay off your debt. You do not take money that you can not repay...............Repaying the the smallest amount does nothing .now I never said the the the people on this board are at the lower end of the economic bracket. The low end of the economic bracket you would not walk through there neighborhood. The poor have a community of values They have made mistakes. But lets do the math. If you make 50 k a year, you get $700 a week, and your rent is $1250, and you have a car payment, food, utilities and some credit cards. Guess what you do not have free cash because you have debt that can not be repaid.
I see the world for what it is. Examples..........a Iphone is not a computer. It can do some basic functions. If you think Steve Jobs was a innovator you are wrong.......Apple has taken old ideas and have refreshed them The technology that Apple used ATT had in the 1990s and the patents expired. Apple took this technology and refreshed it and declared it was theirs. Cars are no better then they were with Henry Ford. It is still a combustion engine. The only difference is we have made cars lighter so they get more mpg and have a filter on the exhaust. As for VLO, there is a reason most hedge funds do not own refiners.........there profits fluctuate to much due to a unstable oil market. Now let look how we count unemployment........do you really believe it is 6.9% We created 139000 jobs and lost 40000 jobs for 330 million people. Scrap you remind me of the guy who shops at walmart because you like the cheaper prices of the food but you think walmart should pay their employees more. You can not have both. Fear an negativity...not at all...........what I see is a nation that has lost the middle class.......and if you make 50 k a year it is not enough to live on.
Read the headlines
Weather restrains private sector hiring
Fear the Dragon, China could default on their bonds
Housing at the lowest level in 8 years
Durable good orders down 7%
We did not have 3 .8 percent GDP growth 4 th quarter as reported
I do not have to do a thing. I just have to wait right here, and when that ball comes flying out all I have to do is grab it
In the mean time, you have to wait for a lucky day
Another day paying the smallest amount on your credit cards
No disposable income left
Interest rates rising, you are paying 16% or better, in 3 months it will be 21%
All I have to do is sit right here and wait. Good things come to those with patience
There are quite a few here that feel the same way as I do. All we have to do is sit here and wait
OK Clueless...I am debt free are you? roflmao........now i said there would be a counter revo;ution in the Ukraine.....you said clueless then.........I believe I called it the second revolution.....heres the latest news.........Ukraine crisis: separatist in Donetsk proclaims 'people's government'
As tensions mount in eastern Ukraine, supporters of Moscow storm city hall and fly the Russian flag
volume is nothing on the option board for VLO lmao
no fred.................you are or may be one of the slowest traders on the board..........you got had today hook...line...and sinker........only daytraders trade VLO and when the price hits a number with few buyers institions sell FRED
Fred I am not in the game right now. I am banking on guys like you to lose their shirts Guys like you that are maxed on their credit cards hoping that check comes in lol
another idiot trading
Again at these price levels It is worthless. I clearly state in the above post, VLO is not a buy at these price levels. Three months agao I recomended SUNE the stock was at $10 to day it is $20. Much better deal. Will Sune go higher..yup!