Comments on: Making Money 201? Whoohoo … time to have some fun!

By: Is Mike aiming high enough?- 7million7years

Is Mike aiming high enough?- 7million7years — Mon, 15 Feb 2010 10:21:06 +0000

[...] for Mike, and anybody else whose primary Making Money 201 ‘accelerate your income’ tool has been climbing the corporate totem pole to a position [...]

By: AJC

AJC — Fri, 31 Oct 2008 04:34:55 +0000

@ Steve – Thanks, but it’s a kind of grudging ‘advice’ …. and, I do say: “Buy a Fixed Annuity – costs suck, but if you can’t do 2. or 3., what’s really left for you besides TIPS or this?” as a bottom-of-the-barrel choice.

But, look at the bright side: if you are flush with funds and are just concerned about a fixed annual income (that can even be correlated with inflation) an annuity is as close to a guaranteed way to get that, as I can see … aside from TIPS (my preferred choice).

BTW: for our other readers, the post you are referring to is this one:

http://7million7years.com/2008/10/23/making-money-301-hold-on-to-your-horses/

By: Steve

Steve — Fri, 31 Oct 2008 02:58:41 +0000

Reading your writings about what to do when your suddenly hit with markets like we’re currently experiencing. I see you advise an annuity !!!!
Sorry, but I have always felt that these are the worst place to put your money. Only put your money there if your looking to make an Insurance Company rich. Would never advise these instruments even for someone I don’t like.

By: Making Money 301? Hold on to your horses …. « How to Make 7 Million in 7 Years™

Thu, 23 Oct 2008 09:13:00 +0000

[...] October 23, 2008 retirement Tags: money, Rich, Starting Out, wealth Part 3 of a 3 part series on weathering the current financial storm [...]

By: AJC

AJC — Wed, 22 Oct 2008 02:55:40 +0000

@ Josh – LOL. Yep, WB calls it a ‘Moat’ … a competitive strength of some sort: strong brand, secret formula, monopoly etc.

By: Josh

Josh — Wed, 22 Oct 2008 00:50:05 +0000

I agree this is a great time to buy stocks but in Buffets case, it’s important to buy stocks which have a monopoly of some sort and are just down because scared people took their money out of their retirement accounts and went into cash, forcing fund managers to liquidate. (it’s time to get in before the fearful start to get greedy again)
Taking the Peter Lynch prospective could be interesting as well. He appreciated bad economic times because the week companies would likely go out of business and the strong companies would survive and gain a greater market share. Now you just have to identify those strong companies that will out weather the weak.

p.s. – trading in and out of stocks as you see them under and over valued is an insane amount of fun (hence the title of this post). Assuming your on the money making side of course.