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Age 16 I began teaching tennis to kids (groups 4) all day long in the summer on a private court at someone's home. I took home 90% of the money giving 10% to the home owner. Each kid paid $10/hr...so my take was $36/hr & I taught anywhere's from 5-6 hrs/day approx 3-4 days/week.
Not bad for 16 y.o. & back in the late 70's that was some serious dough for a 16 yr old to be walkin 'round town with. 30 odd yrs later & I'm worse off....lol
Where's that time machine ta turn back the clock when I need it?
Very funny.....
& funnier still is that the Mrs has your pigskin #.....mine knows better & would never even dream of going there.
I think u jus may be in need of a Worn Pigskin female refresher....u can thank me later as soon as u get your Sunday's back :0
Yes... .@ Oanda....in I'm not sure (cuz Oanda is down now) which 1 I signed on to the comp with? But at least u know that w/me....(unlike others) I will tell u exactly who I b.
Nothin ta hide here.
Well there ya go....Thx Cap!!....
u'd think they'd have a lil pop up window that comes up when ya try ta login tellin u wuz up.....then again that would make 2 much sense....tphhhfftt!!!
I LOVE the prop AZ to score 20.5 pts or more....pays +105...not bad....book'em Dano!!
OK....whose messin w/Oanda?
Can't login...was gonna reset for the monthly but I've tried everything....clear cache, etc...tphhhfffttt!!!
Tried hitten the login page several ways 2....from the desktop icon...typin in the url directly from the addy bar.....rebooted the laptop.....fuggetit.
So if I can't manage to get in by mrkt open manana I sure hope the CaT will be kind & look the other way until I get home (tomorrow after the mrkt opens) & have some time to work on it from the PC....otherwise....go ahead 'n DQ me now if ya want b/c I dont have the patience nor the will to try & figure it out from the laptop.
OK....seems no one is 'round now & the steam & hot tub are both ready ta go.....back later on after I'm looser than a sponge jellyfish :0
PS
Super Bowl Props.....what 3 songs will Da Boss pound out @ 1/2 X? LOL
I wanna bet da over/under of the ave wait in the beer line
;)~
Haven't read a post in approx a week.....off the laptop now in Reno....& I hate ta even admit it but I gotta ck out B4 & try & make it home by kick off.....had ta give up the coveted Fri night arrival & Mon AM ck out....& over Super Bowl wknd too....& the hotel acted like they were doin ME a favor in not using the 2 night req'd wknd stay in order to use my deal on the Suite....like they wont be able to fill the room for waay more than what I'm payin per night.....gettin real tired of the attitude here @ the Peppermill. They've treated me like the King I aint thru the yrs but not no'mo for some reason.
Anywho....I'll try & catch up here so I suppose u can say I'm around this afternoon & evening....so if any1 is 'round during this window let's party....I got the hot tub fillen up now & I got the steam component of the shower/steam combo all fired up too...yes, I'm in back heaven for the rest of the day...& I sure need it.
Got tons ta say as I've been sooo busy the last week or so...rescue work, came up w/a pretty good non-profit idea that could very well be the next killer Inet app for nonprofit rescue's (all types of animals...dogs, cats, birds, etc)...so if anyone out there is rescue savvy I could sure use their input.....as I recall I do believe someone who hangs out here has some animal type of background....Prof Groomer maybe...don't recall?
OK...that's it for now....guess I should go try & catch up now....& since I'm on the laptop....u can expect even more typos...so apologies in advance.
& w/re to the comp.....I just may decide to sit it out in cash....will that be good enuff ;)~ J/K of course....tho my time will be limited for it....I don't think I'll be able to not make any trades.....& on that note....sure hope there's not the 2 trades a week min...I say NO minimum....if someone wins by merely collecting the interest....so be it....lol
OK.....more babble ramble to follow....hope all's been well w/the 4x fam since we last conversed.
Cheers!!
PS
Pitt 27 AZ 17
yeah...but
how many times? wink wink ;)~
GO RAIDERDAD & Worn!!!! hehe
both R'dad AND Worn each have 1 win under their collective belts :0
Sure go ahead....step right in & steal all my contest MOD thunder.......lol
J/K of course....seriously....I'm happy ya set it up & are willing ta play by my rules...gold 'n silver :0
I ended being EXTREMELY busy all wknd.....did a 500 mile r/t rescue to the CA Central Valley to pull 2 dogs @ 2 different shelters....Lindsay & Visalia, CA....left on Sat AM @ 5 & didn't return til approx 3p...& of course was WIPED OUT!! & if that wasn't enuff I had ta get ready for a 4:30 family event at Sis' place for which we were 90 mins late to....good thing it's fam & they understood why we were late.
I wont get into just how dire the shelter situation has been getting & will surely be gettin worse b4 better.....but the dogs I pulled had assigned PTS dates for later on this week....being that they were there for over 2 mos & w/more & more incomings on a daily basis....just simply no more room. They're at the stage where they are now giving away dogs for free.....our Rescue wasn't charged a dime for either dog.
So I finally brought home our 1st official foster....(have never actually fostered b4...just transport & drop off w/the fosters) & hope to have him turned around soon.....real sweet lil guy who gets along great w/not only my 2 girls 3 & 6 but also our alpha, Cody. Magoo's name really fits him too...quite the clutz he be...doesn't do stairs yet or has no clue what a leash is....not even sure he knows he's a dog quite yet...lol He's not even 1 y.o. yet but is fairly mellow for a pup. So I'll be busy gettin him assimalated & we also gotta go get him neutered of course....so in addition to my usual doody's 'round here w/the humans, house, etc. I dont see much time in my near future....but will try to participate in the comp....I did sign up this AM.
Thx again to da feline for steppin in there....guess I started somethin I couldn't finish.....tho in my defense, the Rescue came up at the very last min on Fri afternoon....I hadn't a clue I was gonna be making that long ass run on early Sat AM & be gone all day. & it looks like I'll be taking another run out there either later on this week or after I get back from Reno next Sun night or Mon.....yes, I gotta make a Reno run ta get carpets cleaned in the rental, change locks, etc.....way too busy over here for much anything else.
I'll try to keep up w/the posts.....but between that, the comp & everything else....don't be surprised if I go MIA for awhile.....but if anyone wants a lil Super Bowl action.....I should be able to have me a lil R'nR SB fun while in Reno....at least that worked out to where I gotta great deal on a Suite over SB Wknd.....good thing my buddy put all his wagers from the last trip in Dec on my Players Card....betwen his bets (& he was also bettin for others too who came away fairly big winners....only winners get comped..lol) & mine we racked in some nice comp pts towards a Suite.....somethin tells me tho the Suite will end up bein a bit more expensive after it's all said 'n done....lol
I just may decide to make it easy & simply make 1 big bet.... Heads for the coin toss...then I'll know b4 KO if I'm a winner or not ;)~
Cheers!!
"Only drawback is that they don't allow Us Residence to open accts."
tuff 1 ta get around indeed :O
;)~
OK...1 more....free 4x vids from CompassFX
I've been get'n these educational pieces on just about a daily basis for quite sometime....I highly rec'd signing onto their email list....lotza good stuff they cover
Knowing when not ta trade....
http://www.compassfx.com/synergy/commentary.htm
Also.....another must....the monthly Currency Trader...only available via e-sub....but it's free....as are all my resources...indeed I've become da poor man's 4x Library...hehe
http://www.currencytradermag.com/
Correlations.....found it!!
http://fxtradeinfocenter.oanda.com/charts_data/fxcorrelations.shtml
The CaT had it on another 4x Club.us page.....of course itza Oanda page too.
Here's the page I located it off of the CaT's joint
http://www.theforexclub.us/forextradingcompetition.htm
Kinda towards the bottom on the left hand side.
Hope this all helps.....& I'm just gettin started...lol
But time to step away for a few....check back later on
...& remember....do all that ya can ta not bag hold over the wknd....or if ya do & u r w/a platform w/floating spreads....make sure to remove all stops...otherwise when the spreads begin to adjust for the wknds (go waaayy up) u could very well get stopped out.
One of the primary Newbie rules 2 b mindful of here.
Always best to simply trade no sooner than Sun night to Mon AM London session & try to wrap up your week by Fri late AM NY session.
V.....I think u will find that u will always be learning/absorbing if u go about it right...which it appears u r.
I've been at it (mainly demo but a bit of live as well) for over 2 yrs now & still soakin stuff up & plan to 4 as long as I continue to stay connected to all things finance/trading.
1 of the 1st trading strats I ever implemented & has worked quite well for me is one that most do not rec'd u even attempt trying.....going against the trend.
Here's the deal....I look for fairly big & fast swings to any direction...at least 50 pips inside of a few mins...maybe 20 mins at the min....usually look for 100+ over 30 mins or so....then as it appears things are mellowing out....u will almost always see a move/correction back the other way...& as for me, all I'm lookin for is maybe 15-20 pips...30 tops. Usin Fibs for my exits is also key...especially for this approach. & as of late, (the last few mos) what I've been workin on is dumping anywhere's from 1/2 to a 1/3 of a position for a quick scalp (5-10 pips) & then settin the rest to b/e & hopin for the homerun.....50+. Ya can't get hurt w/this strat but it does take awhile in building the acct this way....most times I get stopped out @ b/e only grabbing a few pips. So then I change it up a bit....if I find that I'm not hitting the HR's I'll tend to either cover more (at least 1/2 to 2/3rds) for the quick scalp & or wait it out for a few more pips....like 15+ before setting the rest @ b/e. & if I'm really in need of the $$$$ I'll simply cover the entire lot for 10-15 pips & move on.
It's kinda like the penny mentality where ya wanna leave as many free chips on the table as ya can & move on....eventually one (or hopefully more) will prove 2 b the big HR.
Happy ta see a few more new faces 'round here & that they're all enjoying this...if u r a trader @ heart, how on earth can ya not have some fun w/4x? :)~
Cheers!!
V.....u need to look at the correlations now.....
OK fellow Vets...now I know why there were approx 100 posts since ystrdy afternoon.....looks like I'm gonna need everyone else's help here so I dont go thru all 15 in an hr.....lol
V.....here......pls be sure to bookmark this site....it has it ALL right there for ya....& the price is right....& u can thank Ataglance (the CaT) for it all.
http://www.theforexclub.us/index.html
& on the left side of the home page u will find a wealth of awesome other links.....there should be a link to a pair correlation chart but for some reason I can't locate it....maybe he took it down or moved it somewhere else? CaT....a lil HELP pls if u r out there.
Here's another MUST tho....the econ calander which is still up there.....u can't trade w/out having this page up...great stuff.
http://www.forexpeacearmy.com/forex_news_calendar/
In the meantime.....u should look around for the correlation chart....it will fully answer your question on this....I found this chart to be VERY helpful....u can use it as a way to know how to hedge your position or to add to it via another associated pair.
Hope this helps in the event your question hasn't been addrsssed yet.
Aye aye Cuz.....it took me approx a week to get to where I felt fairly confident w/their nav.
Pretty e z compared to the rest imo.
Sherri.....how about as soon as we get a few more.....& I've yet ta get all caught up here so who knows....if anyone else has requested to sign on I'll go ahead & work on settin it all up this wknd & we can begin a week from this Sunday.
Lookin forward to it....& this time around if no one else cares.....gold 'n silver is a go.
Cuz....
u getta lil sad face next 2 your name for not following rules...lol
Feb 09 Contestant list....simply add your screen name to the following list & copy 'n paste onto a new post
SherriT
Worn_Buffet (screen name will be (Raiderdad")
Jester_Vandalay
cuzloc :(
Looks like I get some catchin up ta do here.....& Jester.....gotta update for u on the used car loan situation....u will love this...in short...Cap 1/Costco...the outfit who at 1st approved & then declined after learning the title was in my name.....evidently they have no clue what they are doing.....guess what I rec'd via snailmail ystrdy....u got it...a blank check for a limit of 15K @ 6.5% welcoming me to their auto loan program.....LMAO!!!!
Itza 72 mos term....no penalty for early payoff w/a monthly minimun of $252 & change. So today faster than u can say 'bailout' I'm down to my bank to drop the full amt into my acct & then of course immediately pay off the cc it's on. Can't wait to see their reaction when that blank check clears their acct for the full 15K & or they receive the title in the mail that has my name on it.
If they don't catch their mistake before (which I highly doubt they will) I betcha they wont say a word & just go w/it. Unreal how poorly managed the financial institutions are these days....no wonder they are in the deep doo doo they be. :0
gotcha.....no worries then if itza freebie....especially if they offer a lil prize booty ta boot ;)~
edit: covered 1/2 the short e/j already @ 115.20 & set the rest to b/e...which IS my usual M.O.
Scalp for a few & then hope for the big hit.....can never get hurt that way but it can be a real slow go of it in building up the acct while waiting for the big hit(s).
short e/j @ 115.33....
lookin for approx 90....or 114.40 or thereabouts.
goin w/the trend....which is the opposite of my usual trading M.O....I know I know.....tisk, tisk :0
OK....goin 4ward...to all those who wanna play along....simply add your screen name to the following list & copy 'n paste onto a new post....once we get at least 5 I'll go on over to Oanda & try & set it all up (never been a contest Admin b4...should be e z enuff).
& yes.....Oanda offers gold & silver & has pretty decent charts..as far as brokerage charts go.
Here's the link for the new faces....
http://www.oanda.com/
& the contestant list
SherriT
Worn_Buffet (screen name will be (Raiderdad")
Zav.....many of those "contests" have been known to be suspect.....kinda like playing online poker....u never really know who (a pre-programed bot, brokerage schill, etc.?) u r goin up against....& w/a $250 entry....that's a fairly pricey/risky proposition...unless $250 don't mean a whole lot 2 ya.
Just my 2 cents.....careful w/those "competitions" out there.
& on that note & since we seem ta have a few new faces 'round here as of late.....is there an interest in doin another monthly comp (free) w/Oanda?
To the new faces.....u start w/a 50K bank, set it to whatever leverage ya want...can't add any funds & no gold or silver...only currencies.....tho I wouldn't mind including the xau & xag....since the CaT wouldn't be the Admin this time...lol
It'd be for a mos & we could start the 30 days anytime....no need ta wait for the 1st.....& you would need to get signed on w/the Oanda demo if u don't have one.....I highly rec'd this platform for any Newbie....very fair floating spreads & pretty user friendly in genl.
Would be fun ta see where some of the new faces are at & where some need a lil more help, etc. Having at least 5 would be preferred...the more da merrier of course.
No prizes....just a lil 4x pride & some chest pounding ;)~
London is the best (most liquid) session to trade...then NY...after that things tend to mellow out a bit.
W/re to your other question (10/100)...depends on the leverrage you're on.....Kermit explained it nicely I believe in another very recent post.
Another 4x +....for the most part, u r able to set your leverage.....unless u r w/FXCM & on their micro side....then u r forced to use 400-1...which most folks here like since many say u need that kinda leverage on a micro acct. I tend to disagree when it relates to a newbie...that kinda leverage (even w/a micro acct) will wipe ya out fast...one or 2 mistakes & u r toast @ 400-1.
L8tr...
Ah yes....I sense another Newbie sparkle.....
love watchin the light go on & then watchin the progress.
Indeed V....if ya know TA you've got at least 3/4 of the battle won imo.
Just be very observant of pending news so ya dont get whipsawed.....& news comes out ALL the time on just about a daily basis....& also watch the corrleations for the early heads up of how things may be setting up over the near term.
best bit of advice I've seen thus far.....the Sherri & Nettles approach....trade conservatively so as to give yourself plenty of room for error & to give yourself the chance ta ride out the storms we all run into from time ta time....sometimes more often than we care to recall.
I'll try & add a few more bits of what I've learned over the past 2+ yrs....but u seem to be in good hands here so far....folks here know what they speak of & truly want ta help ya out....nothni like pennyland...a real breath of fresh air 4x has been indeed.
GL & Cheers!!
OK....I really gotta run now......I'll try & be back in a few.
Yeah......as far as we small fish are concerned....
the pharse "pi$$en in da ocean" comes ta mind :0
Just ride the coattails (moves) of the big boys & catch a fraction of the moves....that's the plan short 'n sweet aye.
In the meantime....stear clear of that yellow salt water :0
Yeah...what he said +.....
inthe IBox there should be the link to the CaT's site "The Forex Club.us"
I know I keep pushin his place but as for me, I fould it to be of HUGE help during the steepest part of my learning curve. So many great links to tonz of important sites...news, calander, etc. One of the best well-rounded 4x support sites out there imo.
Jester....happy I was able ta help out...even if it was at my expense....at least someone benefitted from me gettin messed with in the credit dept. Somethin sure has gone wrong in this world when those w/great credit can no longer get a pissant 15K used car loan if they are holding title yet willing to sign it over....un'F'nreal.
Lastly....UB, if u r out there & for all you Zeitgeist fans ala conspiracy, etc.....this is maken the email rounds.....thot I'd share.
Friends,
This email is to inform those interested in participating in ZDAY Events ( March 15th 2009 ) about two important things.
1) The New York City Main Event with Peter Joseph, Jacque Fresco and Roxanne Meadows (The Venus Project) will occur at the Tribeca Performing Arts Center in Manhattan. If you are interested in attending this central event, please go here:
http://www.zeitgeistmovie.com/zday09.html
This event will reach full capacity, as based on the current trends, with 25% of the tickets already claimed.
2) ZDAY submissions for local event worldwide are now being accepted and an initial list of all 'Confirmed' and 'Pending' events will appear on the site soon. Please go here to submit an event or for more info:
http://thezeitgeistmovement.com/zday.htm
The Zeitgeist Movement, as of now, has about 145,000 members. We expect this to grow very quickly after Zeitgeist Day.
In solidarity,
Peter"
Home w/at least 1 ankle biter today (the 6 yr old) & deciding if the 3 yr old should go to pre-school.....she had a 101 last night (gave her a dose of tylenol @ 3a) but all seems fine now...think a late moller is comin in maybe...complaine about the back of her mouth hurting a bit....decisions decisions :0
Back a lil later on maybe.....I see where once again there's a been tonz of trading opps.....& it sounds like at least some of ya's caught a few....carry on fellow pipr's :))
Cheers!!!
Private Party ya say......
as in me?.....meaning they would cut a check directly to a CC comapany for payment in full assumming of course I sign title over to'em?
If so.....I forsee a visit to my local branch.
Again...2 b sure we're on the same page here....we're talkin about a SECURED (used) car loan where title is already in the registered parties name....not an unsecured loan...as a cc balance would be considered.
If so...BofA will get our biz...& I dont care what they say at the end of the Addendum about doing biz w/Chase, Citi, BofA, etc....if they'll work w/us.....we're game....the world will just have ta suffer awhile longer...at least until our loan is all paid off :0
Yeah but who holds the title?
I've been approved as well (5.95%) but it must be thru a major dealer....they wont even cut a check directly to the cc company where the current balance is sitten....it is unreal.
If u happen to hold the title & still are approved....pls tell me who has approved you...did ya say BofA?
Somethin's tellin me you don't hold title....but if u do....I'd be more than happy ta get ya any possible referral bonsues ;)~
Kermit....agreed....however I'd just like to comment on 1 thing.....w/re to your demo acct comment....
" It's a completely realistic way to trade without risking your money"
I'd be careful of going so far as to label it "completely realistic"
Agreed in that it is close...BUT as the ol sayin goes (& especially w/this mrkt) close only counts in horseshoes 'n handgranaids :0
For ex....my experience w/the fxcm demo platform wasn't even close to being realistic. On the demo side I would ALWAYS get filled on the lowest spread possible.....then on the live side....when the spreads were lookin fairly calm/reasonable at any given time...they ALWAYS seemed jump up oudda nowhere & slam me on the high end...only to settle back down the moment AFTER my trade was filled...it was uncanny...so much to the degree that I will NEVER send FXCM anymore $$$...EVER!!! F that!!
& I'm sure it's just not FXCM either.....I'm sure many of the other floating spread brokerages may operate in a similar fashion....so to this end I would say that perhaps demoing w/a fixed spread borkerage (like MG Financial) is more realistic....sure you tend to pay a little more...but at least it aint like opening up a 4x "box o'chocolates" & ya know what u r gettin ;)~
Best demo advice I can give....give yourself a 2-3 pip cushion....meaning expect to pay a little more on the live side even tho u r gettin the easy fills on the demo side.....& as we all know, just a few pips can make a huge difference on those entries & the brokerages of course are very well aware of this.
I'm seriosuly considering paying a lil more & going w/a fixed spread....this way I know what I'm gettin & execution tends to be better.....just gotta be a lil more patient as I wait for the mrkt to come ta me. However so far, after more than 2 yrs of pretty steady demoing, I really haven't heard much negative stuff about Oanda (floating spreads).....very reasonable spreads for the most part, decent execution for the most part AND as mentioned, they even allow u 2 hang yourself w/gold 'n silver ;)~
Hey....anyone hear anything more about the new 4x portal "Currensee" (yes, that's correctly spelled) ?
JRB.....u hear of this new venture yet? If ya got the time u may be interested in applying to their beta run. This is something many of us have been saying this mrkt needs....should be interesting ta follow the progress of this venture....see if they get it off the ground & how successful it will be.
& Idzi...I'd like ta add to Sherri's ?.....
do you take into acct fundi's/news.....from what I've been reading it appears as if u r 100% t/a...which is fine of course.....would just be good ta know if u r also lookin at the calander?
& speakin of which....Sherri....sorry to hear ya got caught in the expiration whipsaw....soooo many things (in addition to ta) 2 b continuously aware of....especially if ya wanna try & hold on for the longer time frames.
& Jester....if ya wanna perk up the cheap beans a bit....keep'em in the freezer (whole) & then grind'em up..no more than ya need of course....& just before ya perk'em....fresh beans (even if cheap) always taste that much better when properly used.
OK....Espresso 101 has concluded for the day ;)~
yeah....that's me too these days....not alotta time over here either....tho if I can be so bold as to make a sugg.....we need a lil more color commentary pls....lol
A lil more spice along w/all the long this & short that sure would help ta offset all the dryness of da topic @ hand ;)~
Somethin like..."I love the euro long here but think my stepmother iza Witch" would be a nice touch...but that's just me :0
Cheers!!!
& get this....we actually got approved via Costco/Capital 1.....& at a better rate too (5.95%).....then as soon as Cap 1 learned that the title is in my name....they said no go...it would then be deemed a personal loan. Evidently they will only fund at the 5.95% rate if the check was bein cut to a major car dealer. I said of course I was assuming I had to sign title over to them....still no go.
This is UNREAL......this credit knee jerk reaction has gone waayyy too far the wrong way.
So I guess the plan now is to do what my original plan was....simply transfer the balance to my Chase 3.46% rate (standard purchase...NOT a teaser rate....so no additioanl 3% trans fee) & thus keep it on a CC & roll the dice for a few more mos. We're gonna try one more time tho & apply via the teachers credit union....tho somethin's tellin me that rate will be closer to the Wells offer we got of 8.17%...maybe a skosh lower....around 7.99%. If that doesn't pan out then in the meantime hopefully the Obama regime will be able to loosen up standards a bit & after a few mos of the Chase 3.46 well be able to find a secure line somewhere at a decent/fair rate.
It is unreal how truly terrible things have gotten credit wise.
& on that note....y dontcha jus simply apply for a 27K loan via BofA....if ya get anything under 7% I'd be happy ta make monthly payments in Jester's name to the tune of a 15K principal....72 mos would be great....we'd prolly buy down & make it 60 mos or less.....but it is nice to have the option of a lower monthly should we need it during any given month.
OK...enuff used car loan jabs in my direction.....Worn is NOT happy about this....NEVER have we ever been denied for anything...mortgage, cars, etc....in fact it was fun squeezin institutions for another 1/4 pt when shoppin around for various loans....now the tides have turned & I aint used to this type of financial rejection :0
it'd be cheaper moving to Israel & living on a Kibbutz....just have all your Obama paychecks forwarded over there & immediately convert those greenback into sheckels ;)~
I got 2 kids we're busy raisen....another 18 mos or so b4 ankle biter #2 is in school days....albeit 1/2 days....so another 2+ yrs b4 I'm able to throw the papers f/t.
In the meantime.....if the man wants ta mess 'round w/us futher & continue to play these bogus games....we can play that way too & he can kiss whatever we owe him goodbye....it'd be well worth the 7yrs of rebuilden our credit....+ we'll be back to double income for the majority of those 7 yrs of tarnsihed credit so we'll climb oudda the hole in very good shape & it'll go by in no time at all.
BUT....in the meantime....I need ta get that 4Runner off the unsecured cc so they can't mess w/that interest rate & jack us to 20+%...which I know "they" are ALL achin ta do. Heck, I'm even willing ta pay pay 8% if I have ta go there....but still think I should be able ta get 6-7% at the most for a secured used car loan.
F'n unreal how messed up things are....like they were sayin the other day on Fast $....this tightening up of the credit has been a knee jerk reaction that has gone wayyy too far to the other side....& we're all payin the price for the indescressions of the few (Goldman, Citi, etc.) who lost their asses....so wrong this all is.
Like I said....Obama best get his game on & FAST!!!
In the meantime...looks like we're stuck playin virtual monopoly these days....Bailout Monopoly, ya can't lose!! lol
http://www.yorkblog.com/artist/2008/10/bailout-monopoly-you-cant-lose.html
ya know what I think it is...sadly....
they think "hey, if we're goin under, we're takin AS MANY w/us as possible"
(sorry, no time ta spell ck....typin on the fly here)
I totally agree w/you (what else is new).....how on earth in this enviornment can any financial institution see it a wise idea to not only raise rates but then to also for all intensive purposes cut off most all lines of credit. Foklks can't spend even IF they have great credit (like us) & if they do decide to spend a bit.....we get reamed up da wazoo in fee's & rates. What good are low rates if thery aren't approving people?
Here's my experience the past 48 hrs.....1st a lil background...in mid '03 (when times were better of course) I leased a fairly new (Dealer Demo that had 5K on the odom) 03 4 Runner V8 4 wheel drive Sport Edition....the model right under the top of the line model (which is The Limited)...is pretty much loaded w/everything except leather & GPS...very nice ride.
I leased it (a 5 yr...not 3 yr lease) b/c of course it kept the payments on the low side & I had always planned to buy it outright once the lease term was up....which I did last summer. I put it on a Wells Fargo CC...was given a 0% bal transfer for 6 mos from Wells who we have a GREAT history with...a coupla mortgages & an equity line that have always been in good standing....have NEVER even so much as been late for a payment w/them...EVER!! & no, our equity line dint even come close to tapping out all our equity in our primary. Even in today's r/e mrkt...when you consider the equity line combined w/the principal we still owe, the home still has apporx 375-400K in untapped equity. So you'd think we'd be sitten pretty as far as credit goes, right? Nope!!
Last summer when I had to purchase the car outright at the end of the lease...the obvious way to go was to increase the equity line by approx 20K (there was 17K on the car)...nothin right? Wrong again....Wells wouldn't go for that for some reason? I didn't get it at the time b/c all I was doin was trading one $300/mos payment for another....not increasing our overhead or anything like that....actually, it would have been LOWERING our overhead b/c of the write off we woulda rec'd since it was gonna be off the heloc. A no brainer....but no go. So I said fine...give me that 6 mos 0% bal tranfer (didn't even have ta pay the 3% b/c the 1st bal transfer was free being that it was on a new line of credit....approx 25K) you've been floodin my mail box with for the past few yrs & I'll worry about it in 6 mos. So I continued to pay $300/mos every month like clockwork for the 6 mos (minimum payment was approx $160) & now the bal is down to 15K & the rate is an adjustable that's sitten @ 7.65%.
So I figure OK....I'll simply re-fi to a secured used car loan thru a local credit union thaty we have an impecible record with....back in '04 we bought a brand new Saturn L300 for the Mrs. A very nice/safe family car...front & side airbags...almost the top of the line model for that yr. A yr ago we sold that car to her parents (gave'em a deal of course so we took a slight bath...but hey, it's fam right) & replaced it w/my dad's top of the line '03 Murano that still to this day is covered under an extended 100K warranty (has approx 62K on the odom).....has GPS, leather seats, front seat warmers (absolutely LOVE that for the back) all the bells 'n whistles...so we thot tradin a just out of warranty '04 w/less miles on it for a slightly older car but w/more bells 'n whistles & still under warranty was a good idea...+ we are payin pops 0% interest....a slam dunk idea....which it was.
OK.....back to the 4Runner....so here we are w/1 car payment @ 0% to pops (Murano) & the 4 Runner now on an unsecured line of credit. Enter the 2 rentals up in Reno.....this is why I think we're bein messed with but the lenders of credit aren't sayin so. We're up to date (alawys have been) on all the pamyents up there & there's been no missing of any payments since '03 when we bought the 1st rental (#2 was in '05 & was a lease option to purchase contract from tenants #1 in the 1st home from '03..for which they've since bailed on & have moved out) so on paper as far as payments go, everything is all hunky dory as far the banks should be concerned. In fact considering everything that's been goin on, they should be completely ecstatic!! Sure we're a bit (not much) under water after being up over 100K in equity at one point...but still, bein down approx 35-50K in equity isn't hurtin too much...not at all. In fact we were able to secure home #2 (the lasee option for tenants in home #1) by simply using the equity from home #1 over the 2 yr period from '03-'05 to use as a down payment for home #2....jus playin a lil live Monopoly like most everyone else back in those days.
Anyway....here we are w/great credit...albeit it was in the high 700's & at last check this week it was down to the mid 700's...still quite good in these times.....but what good is outstanding credit when ya can't even tap into it? We've never been late with ANY payments...cc, mortgage, cars, utilities...NOTHING!! In fact, I have no idea why we went down from the high 700's (780's I think it was) back in '03-04? Thinking maybe they've lowered us b/c of a slight increase in outstanding cc debt. Back in '03-'04 we were around 4-5K in revolving debt....now it's doubled but not unmanagable by any stretch. In fact yuo'd think the CC's would LOVE us b/c we are on time & are of course paying them their interest. I also think that they've lowered us b/c they see 3 mortgages & a 150K heloc that has approx 20% left that's untapped. You may ask why then don't ya use that to pay for the 4 Runner? Those funds are for the rentals to weather any storms (which we're kinda just goin thru now...lookin for a tenant w/no nibbles yet in home #2 & home #1 we'll be lookin for new tenants to occupy in June. I like to have a cushion there in the event we have trouble finding a good app. Since '03 however, I think we've had maybe 5 days total of vacancy.....& that's just b/c I needed a day for the carpets to dry...not b/c there wasn't a tenant. We've never had any trouble finding tenants...& in this mrkt you would think w/everyone losing their homes that it wouldn't be too hard to occupy rentals..& it hasn't been....til now. 2 weeks on the mrkt (Craigslist) & not one nibble....tho this time of yr up there not many folks are lookin to mover...so we may have to wait another mos or 2...hopefully not any longer than that.
Anyway....that's where we're at....nothing too bad...in fact considering I think we're lucky compared to most who're holding a rental prop or 2...not down by much & a real good credit history...yet the "man" doesn't wanna play nice w/us....& if he continues to play this way....he just may find that he wont be gettin 1 red cent of what we owe him....if we declared banko & or decide to leave the keys on the counter one day....then we'll have no car or cc payments left....I can easily put up w/7 yrs of trashed credit & living well w/in our means if this is how they wanna play.
Indeed, it makes no sense to me....you would think they'd wanna work with us....especially those who've been paying & continue to play by the rules....instead, they wanna make it harder on us just b/c it's gettin harder on them. it aint our fault they took the path they did....& further more, they're gettin help from the govt....are we? Tphhhfffttt!!!
Seems to me they're gettin ALL the assistence & not allowing it to trickle down....we can't even get a pissant 15K used car loan....what BS!!
Oh & in case you were wondering....even tho we're a 1 income household, the bread winner here grosses a lil over 75K/yr....& just got a 4% raise effective this month & retro'd from last June ta boot. You would think that would be more than enough.....but living in Cali sure don't help the cause either....but if not for where we live, we also wouldn't have nearly the equtiy we do....we bought our primary (1st home) 14 yrs ago in Jan of '95 (moved in on Super Bowl Sunday.....9'ers v SD) for 315K & it's now around 800K...was up to 875 at its' high....still, considering, it's held it's value quite well thru all of this BS....& I don't expect it to go down from here more than another 10-15%.
Tho I know the CaT has another view.....but he don't know our micro mrkt here where we live...we happen to be in a very tight locale.....school rankings in the upper 90%, etc....a very sought after locale so putting us on a natl ave chart has not proved to be a very good model to go by...we've certainly been lucky to have bucked the natl trends as far as a bottom falling out...& most local r/e experts & Pundits are in agreement....we seem to be near or at the bottom of all this....same for Reno....which is NOT Vegas....that's been Reno's bug-a-boo in all this.....they tend to get lumped in with Vegas which is not right....Reno is their own mrkt & is not connected in any way w/the Vegas mrkt....Vegas is pretty much as far away as you can get from Reno while remaining in NV....yet Reno has gotten punished b/c of the Vegas build out over the past decade or so. This also explains why Reno hasn't bottomed nearly as bad as Vegas.....Reno is off maybe 20-25%...Vegas closer to 50%....& W/out the Vegas factor I think Reno would be down maybe just 10-15%...tphhfftt!!
OK....I saved my rant for the wknd.....lolololol
Anyone know of anyone who wants to provide a simple used car laon for 15K let me know....& it wont be increasing our overhead.....just keeping it the same....tho it seems the man wants desperately to increase our overhead so he can take us down w/him....have I said....tphhhffftttt!!! yet? :0
Gotta run.....I feel maybe a lil better tho now that I got this off my chest...lol
I need to tell ya the strat behind doin what I need ta do.....
in the maentime...I have in incredible card w/a 3.74 rate....NOT a teaser either....this is a straight standard purchase APR (variable of course) so I can transfer the bal to this card with NO 1 time 3% trans fee.
But in short....I want to get this bal onto a SECURED line/loan of credit (even if it means payin double the %)....u can maybe guess where I'm goin w/this now.
Times really suck.
For some reason I had thought that architecture & laytex was prior profession as well? May've been a not too distant Couz? ;)~
When I have more time I gotta tell ya all about my experience over the last 24 hrs in trying to get a simple 15K secured used car loan....u would think w/a credit score in the mid 700's it wouldn't be that difficult...even in this economy.
I actually got approved via Costco/Captial 1 today.....but then when they found out that I hold the title (I have it on a CC where the 0% 6 mos teaser expired & so now it's @ 7.65%....not bad....but still would rather have it on a secured car loan.....+ the rates a bit cheaper anyhow.....6.9% I'm being quoted) everything all of the sudden changed & I got denied. I told'em I be more than happy to & was assuming I needed to sign the title over to them.....but still they wouldn't have any of it....sayin it would be deemed a personal loan & not a used car loan.
UN'F'nreal....but I dont have the time nor the patience to get into all the deets....but here I thot credit was beginning ta loosen up a bit......not for us....a pissant 15K used car loan...& it aint like itza real old beater either...an '03 4Runner 4 wheel drive (Sport Edition) V8 w/only 56K on the odom....tpppphhhfffttt!!!
F'n Obama best get ta work & FAST!!!!
well shucks...OK then....L aud/us @ 66.35....
kinda scary lookin long but man alive do I think the dollar has gone too far north on this last lil run.
Also lookin @ usd/chf for a short but that one there don't quite qualify yet as far as a short goes....would like ta see more like 1.1215+ for a short entry there.
So while I'm waiten for that.....long gold @ 813.48...took that one jus for chits 'n gigs on the demo around 8a pst.
In fact havin a Butler woulda been a good way ta go.....havin 2 Sr's along for the ride (in their mid 70's & been partying hard all their life & continue to do so to this day) there was a bit of handholding/Sr Sitting goin on for me & Bruno.....having a Butler to do this job for us might not have been such a bad idea'r.
We were always lookin over our shoulders & askin each other...."were's Whit 'n Dennis...sure hope they both dint get arrested?" :0
Tell ya what tho....both Bruno & I sure hope we have a coupla "responsible" younger adults to Chap us all around town when we get of the age to where negotiating the Strip behind the wheel on a Sat night would be too dicey....especailly when all juiced up on the spirits. There's no way those 2 coulda did what they did w/out a coupla "Butlers" lookin out for'em all night long. I told Bruno I felt like I was doin my wknd "Sr. Community Service" for the wknd ;)~
Here's hopin karma is lookin out for me when I'm in my 70's....should I be lucky enuff to be gettin around at that age & there's someone out there who'd wanna cart me all over the Strip for a wknd of adult fun 'n games.
Back to all da biz @ hand here.....lotza news out today....here's hopin u all catch your share of pips & then some...I'll be a rootin 4 u all from da sidelines....rooks like I are not allowed to even step out onto the field on days like these :0
Guess u can call me the Rudy of 4x ;)~
& Idzi....been meanin ta ask...what's that pic of? Is it simply a kewl pic or is there also some kinda meaning to it as well?
truth be known...I'm not really sure myself at this point....
I forgot to add that I drove (1st time ever...have always flew)..left Fri @ 4:30p & arrived at 1:15a Sat....& left an hr or so after the last game on Sun....around 5:30 & got home at 1:30a....8 hrs each way....think I was there approx 40 hrs...so I spent approx 1/2 my time on the road...lolol
But it was nice having a car while in town so we drove all over not having to worry about cab fares all over town...& @ $2/gal it was well worth the drive....the 3 other guys I met up with all flew in....so I was the cabbie for the wknd....the least I could do since Whitney offerd his comped Suite to us all....3 rooms so everyone had their own bed....tho mine was a sofa bed pull out as I was in the middle room witch was the kitchen/living room area in between the 2 bedrooms....I was comfortable....+ I think I slept maybe 10 hrs combined....lolol
Think it'll take me the rest of this week to recoup....helps too that we were all on the dogs all wknd long.....3 of 4 covered the spread & 3 of those 4 even coverd the money line (won outright)....if SD woulda won I woulda won over $400....was so close...but as it was I won approx $100....no complaints...paid for gas & the $35 night club cover...which I woulda paid $100 for....lol.
OK....enuff kevetching....I'm goin back to the back of the class....I dont have much else ta add being that i've been disconnected from the mrkts since pretty much last Thurs....& even b4 that I wasn't too in tune w/stuff bein that I took 2+ weeks off from the mrkts over the holiday.
So what's the Cliff Note 4x version of what I've missed? I see there were some decent moves....hope ya caught some.
kevetching is of Yiddish origin....I know that there's several Yenta (another Yiddish word) comedian's who've been ta use the word....Rita Rudner for one & even some Goy's too....like Kathy Griffen use the word....lol
Kevetching.....prety much explains my M.O. 'round here...hehe
& speakin of which....wadda Vegas wknd.....tho since this is a "family" board I'll keep it as clean as possible....all I'll say is on Sat night we went to Mix (the night club at the top of Mandalay Bay) for one of the many after show parties for the AVA's....INCREDIBLE VIEWS.....of the Strip too :0
I highly rec'd this particular wknd...end of CES, 2 playoff games on both days & of course the AVA's on Sat night.....we're talkin about buyin some cheap seats ($100) for next yr & actually goin....only prob is....Sun AM kickoff is 10a....u pretty much have to either completely forget about the early game or get your bets in on Sat night.....we weren't that smart so when we woke up @ 8:30 on Sun AM after our night at Mandaylay Bay we were hammered...lol
Had a nice dinner tho at The House of Blues which is also at Mandalay Bay before goin up to the nightclub, Mix for the after party...only a $35 cover & WELL worth it....by 1a that place was hopin....no elbow room at all....& since the ladies were "dressed" in their "work" attire having no elbow room wasn't such a bad thing on this particular evening...about as much clean fun as a married man could ever ask for.
OK....that's about as clean as I should keep it....all I'll add is that it was also a hoot to meet & spend the wknd w/Whitney Reed...a former #1 ranked player in the world from back in the day.....& he still parties like a young whipper snapper.
Gotta signed copy of his auto-bio & the stories (he was known as the party boy of the tour back then) were never ending...unreal how good he was & the fact that if he wasn't drinking before a match he couldn't play good....lol & of course he also plays a mean game of poker too....a backgammon hustler too.
Here's a lil more about Whit....a movie should be made about his life...the book here really doesn't do him any justice....
http://www.easytowineasytouse.com/
& his short lil Wiki page
http://en.wikipedia.org/wiki/Whitney_Reed
OK....back to 4x.....what did I miss? lol
Cheers!!
Oh well.....next yr.....
think we'll be makin this particular wknd THE wknd 2 b on the Strip.....as long as we have this room connection....otherwise availability (not to mention price) is a serious factor bein that it's quite the popular wknd....pigskin playoffs in addition to the All Star Game for the other "sport" :0