meeting about proprty taxes - 1/31/07

[Bob]

Silly SHELLY :roll: The only people who can do anything about it (members of the Legislature, who are being chased by Charlie Crist with a cattle prod) are talking less about lowering assessments and more about capping millage rates and the amount of money governments can spend.

Where has all that money gone, anyway?

I once read that the Florida Retirement Fund lost over 350 million buying Enron stock. Everything after that revelation is easy to fathom.

 

[SHELLY]

I once read that the Florida Retirement Fund lost over 350 million buying Enron stock. Everything after that revelation is easy to fathom.

Yeah, those idiots put far too many of their eggs in one basket....same can happen to any investor who overloads on one stock or a single asset class <cough: Real Estate>.

 

[beachmouse]

I once read that the Florida Retirement Fund lost over 350 million buying Enron stock. Everything after that revelation is easy to fathom.

Though despite that blunder, FRS is actually the only financially solvent state pension system in the country. The other 50 are moderately to horribly underfunded and will be in trouble when the Boomers start to retire.

It's a nice plan to have considering how little most state/local government jobs pay down here.

 

[flyforfun]

No silly........word is investors will ask that their property descriptions be changed from residential or NPA/Infill to Brothel/or Distillery and request an increase in sales tax to 9% so that everyone can get a lower assessment.

Now that is a great idea! I will vote for that!

 

[flyforfun]

Very Profound Indeed:

Business Week Ameritrade Article excerpt (April 2000)



www.amway.com/http://www.amway.com/

Now that is funny!!!!!

 

[flyforfun]

Very Profound Indeed:

Business Week Ameritrade Article excerpt (April 2000)

"Though tech stocks -- and for that matter, blue chips -- have taken a beating recently, analysts remain convinced that Ameritrade will come back fighting. After all, the market isn't dead, and individual investors won't stop trading. Moreover, experts think online brokers will continue to gain market share as investors turn to the convenience and lower costs of trading via the Net. "Online investing is so much easier, there's so much information available, and it costs less," says Scott Appleby, an analyst with Robertson Stephens. "That's why it's so successful." And Appleby thinks that in the second quarter, Ameritrade "distanced itself from the pack." "

TOM-a-TOE....ta-MAH-TOE

What a joke! :nono1: Unless you have a h*** of alot of experience and good information, you are going to be burned with online trading. More people have lost their nesteggs doing this, than any other vehicle. With all the crooked companies cooking the books small investors don't have a chance.

 

[flyforfun]

Though despite that blunder, FRS is actually the only financially solvent state pension system in the country. The other 50 are moderately to horribly underfunded and will be in trouble when the Boomers start to retire.

It's a nice plan to have considering how little most state/local government jobs pay down here.

Yea, Alabama invested heavy in Healthsouth, and look what it got them? Another bunch of crooks "cooking the books" and a get out of jail card free thanks to our fantastic legal system and a Bush appointed judge!

 

[flyforfun]

I once read that the Florida Retirement Fund lost over 350 million buying Enron stock. Everything after that revelation is easy to fathom.

Enron, another great stock, where folks were "cooking the books" cost me 150K! If I had invested that money in property, at least I would have some sand to sit on than worthless paper! A few guys got to go to federal country clubs....while big and small investors got burned!

 

[SHELLY]

Enron, another great stock, where folks were "cooking the books" cost me 150K!

The employees at Enron really got the shaft (losing both their retirement and their jobs). In the 1990s many thought diversifying their portfolios was "old world." In the end, a good deal of what was lost was "unrealized paper gain-losses" in Enron. I watched that thing run up, collapse and then watched a bunch of speculators load up on stock when it was in Bankruptcy (!) even though the company continuously put out copy telling the current shareholders they would get "nothing." (Same deal with Worldcom.) Go figure

It's a good bet that a large number of folks who were burnt by the stock market turned to buying up pre-construction condos in 2005 since it was "understandable and low risk." Some people never learn.

.

 

[fisher]

It's a good bet that a large number of folks who were burnt by the stock market turned to buying up pre-construction condos in 2005 since it was "understandable and low risk." Some people never learn.

Yes, but remember that most of the average Joe's that bought the Enron stock paid 100% cash for the stock so they only lost 100% of their principal. Many of the RE investors that bought numerous properties at the peak did so by putting down only 10 to 30% and financing the rest. With prices down 40 to 50%, they have lost their principal plus a whole lot more.