Buying a cow. Any words of wisdom?
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Comments (7)OK, here's a bit more on the trip: It was with my daughter's high school trip - so .... Much of it was in a group. I think all the Europeans are really sick and tired of big tour groups, and I don't blame them. Especially evident in Rome. (sigh, you just can't move the Forum! or the Vatican!) But when out with just my husband and daughter and one or two of her friends on "free" time, attitudes were much better. Of course, I try to speak some of the language no matter how bad I am. :-D But folks seem to appreciate that effort, and I smiled a lot and gave compliments freely! Most folks were happy to help. Food at the group dinners was highly variable :-( and not that great. But, we learned quickly that we should buy food at every chance. You like what you see, then buy it and eat it. And give a generous compliment or tip. I shopped at the open air fruit market. I bought a bag full of fruit to cut up for breakfast. Most hotels offered only a roll or pastry and coffee. Some fruit is imported from Senegal as one shopkeeper told me. I was lusting after some stunning purple artichokes at one stand, pity I had no place to cook them, boo-hoo <:o>Hawkers on the street - are everywhere. Many are immigrants - little Asian women and men from Africa. They want to sell you anything anytime. The lesson: never stop selling, ever. If they bother you too much, simply wave them away. If they don't leave you alone, speak in Lithuanian. They have no clue what you are saying, become baffled and leave you alone! Most charming town in Italy: Assisi- I paid my respects to St. Francis and his compadres. The church where he is entombed has just been put back together with tweezers...it was in an earthquake about 9 years ago. The frescos fell and killed 4 people. Don't miss Assisi if you're in Italy. Charming quiet picturesque. Pottery factory at the bottom of the hill. Florence - 2 hour wait in line to see the real David - oh well. A nice time at night in the various squares listening to live music. One British guy - Julian Davies - and a "gypsy" swing band. (Oh -watch out for the gypsies who want a handout every few minutes) Fashionable clothes all over the place. Perfect weather, almost hot. Lemons and oranges on the trees. Bay laurel hedges - smell heavenly! Greenhouses are on the hillsides and nearly cover some areas, I never saw so many acres of glass. And those hillsides were rather steep. Looked as if some should be sliding off into the Meditereanian sea. I'm betting many were for producing salad greens and the like. Seemed rather extreme to just grow marigolds like that ! In Nice, we went to a little bistro type place. The group ate together and it was a boring pasta thing (In France?) Anyway, I saw great plates of sea food floating by to the regular customers. I was determined to have some. When the group left - I kept my husband and daughter there and ordered the huge seafood platter. Wow! and wine... The waiter immediately turned into another person, he was charming and eager to take the order. He smiled! The owner came by and smiled. I complimented the food over and over and it deserved it. Salmon, a white fish, mussels, prawns (with the heads on :-) squid. All the while we murdered the French language ;-) I didn't even need dessert! Palm trees in bloom and the lovely beach... Spain- you just can't beat a plate of good paella with the seafood on top and artichokes (sigh). Don't go home without buying a pair of Spanish made shoes. Their the best :-) and more reasonably priced than those in Florence, Italy. BArcelona- Lovely city, bigger tahn it looks. Found a wonderful little park on the steep hillside 2 blocks from the hotel. Parakeets were nesting in the palm trees, kids playing and moms strolling with babies, people walking their dogs. A very quiet park in a residential area. Rosemary bushes with trunks the size of my ankle...sage herbs, various things in bloom that I didn't recognize. A couple of hours on the Riviera beach...water a bit cool, but some tops were off anyway. ;-) Madrid- el Prado and the new modern art museum (where the Dali's and Picasso's now reside) are fantistico...and the Royal Botanic Garden is just across the courtyard, cheap to get in and had roses in bloom. sigh. Good bake shops! *Universal* truths: never stop selling, ever The women's rest room always has the longest line (so barge into the men's room) Food is the best at truck stops. No kidding, the "autogrille" stops on the highways have wonderful caffe latte and beautiful sandwiches, chocolate by the kilo and are reasonabley priced. Well, I hope that's enough! Granted, I would not choose to go in a group again, but the price was reasonable. There were a few glitches, Oh, and the tour guide was abrasive and cranky, but he's Roman, so he's probably just burned out. We did have several other guides that were just charming....and the bus driver was a charmer too.... but If we had to stay home, we would have missed some lovely moments. Ciao! Maryanne...See MoreWhy buy the cow?
Comments (16)You have a great concern here. I'm on the consumer end of this and will offer up my 'doings' and hopefully you can gather some wisdom from the experience. We built our house on an acre last summer becuase we can't afford to write a check to some guy who builds homes. We finished in November, so all the lawn and etc.. is going to happen in spring 2005. Well, all winter the lawn seeding companies circled like vultures over a dead rat, and rather than tell them straight up that I can't afford a landscaper to seed/sod my lot, I let them pitch the sale. They protected the goods pretty well up front, but basically then after the speel was over, I'd start digging at the edges.. When could you start seeding? I found out that no earlier than April 1, it's too cold before that, let the frost out of the ground.. but don't wait until may or june, you want a head start on the weeds... 'check' So, what kind of seed are you going to plant? Whatever you want as a customer.... but typically we seed.. xyz.. because.... Some would pitch erosion netting, and here's why.. keeps the ground temp warmer, the birds can't eat the seed, helps runoff to not make gouges if you get a big rain. One firm guaranteed the lawn.. if I kept it watered and did fertilizer once ayear... They'd come back forever .. if I had grubs, dead spots, gouges from runoff right after they seeded it.. I asked.. If you use no eroision netting, how can you afford to come fix all my runoff problems? He said that they seed so much seed that the ground literally pops up as turf within a week. After that, no problems. *ding, light comes on in my head, seed a lot of seed*.. In the end, I seeded about 6 pounds per 1000sqft of a very high quality pure kentucky bluegrass, seeded over it with about 2 pounds/1000 annual rye (to come up fast and hold the dirt while the blue gets established), and did put down erosion matting to hold the dirt, for all those reasons above. It worked great. I spent about $3500... The bids were mostly in the $7500 range. We couldn't afford to pay any of them. If I had a buddy in the industry, I'd have asked him what to do to get it to work so well, but since I didn't, this worked great. I wish you much success in your business and hope you can see through my experience some ways to guard agaisnt giving out the final answer for free....See MoreSeek 'Wisdom of Crowds' re CD Rates
Comments (26)If you figure that you're going to need that CDIC back-up, better put your money into a small bank, for several banks have failed and I think that quite a few feel that if a fair-sized bank goes broke, the CDIC till will be bare. Being a gov't. agency, there'd likely be back-up, but that would cause substantial delay, quite likely ... and incur more debt for the U.S. gov't., which has taken on far too much, now. As most of that debt is held abroad, they'll have to start paying higher rates in order to entice lenders to buy their debt instruments ... and have been printing money, with the likelihood that they'll be printing a whole lot more, soon. These mortgage-initiating rascals in recent years sure make a bank robber carrying his loot in a pillowcase look like pretty small potatoes. I remember as a kid, when I learned to ride a bicycle down our country road, wishing that the gravel on the road would become gold ... but it didn't take me long to realize that if it were gold for me, it would be for everyone else, as well ... and that soon it would take more than a pocketful of gold to buy a loaf of bread. How long has it been since the U.S. Dollar was backed by gold? Or silver? Our Dollar - same game. And - when your economy gets a cold ... ours gets pneumonia. What's the expected time-frame when you'll need to use those assets? Almost 10 years ago, when I was 70, I called a financial planner on a phone-in radio show to say that I felt that I should plan to fund my life to age 100, which was six blocks of five years each. Fortunately, I was able to live on somewhat less than my three pensions, and expected to be able to do so for some time - now, 10 years later, same story. But it seemed to me that were I to need some of the assets to live on, I should not eat up all of the first block in the first five years, for it would no longer be there to earn some income for my future needs. In fact, I thought that I should try to avoid using any more than that first block of the six in the first 10 years ... especially considerig that inflation would cause me to need more dollars to live the same lifestyle, a few years down the road. You know - that "inflation" that has shrunk the value of each one of our dollars-in-hand in every year since the late 1930s. And money in the bank is like money-in-hand: each dollar of the principal doesn't grow (but it sure does shrink). Which means that I would not plan to use up 83% of my asset during that first 10 year period, and that a number of financial advisors feel that purchasing stocks for more than a 10-year time horizon makes sense. He said that my plan made a lot of sense, in his view. Short-term, if we fear losing capital, we need to invest in guaranteed dollars ... but long-term, those guaranteed dollar investments, after paying tax, and adding some to principal in order to maintain purchasing power, leave little for the investor. If anything. Now, at 80, I carry about 80% of my assets in equity-based investments. That would make many people have a hairy ... but I feel comfortable with it. Yes, I have some losses, but I have some gains, as well ... and the tax structure here encourages holding equities. A single taxpayer with no income but dividends on Canadian stocks can earn over $46,000. before being required to pay ONE CENT of income tax (and having a low-income spouse with transferrable credits, or gifts to charity or a political campaign, or eligible medical/dental bills over 4.5% [in that case - 3% ordinarily] of net income will push that $46,000.+ tax-free income level even higher). Some time ago, I wrote a thread either here or on "Money Saving Tips", I think, asking which ordinary person gained from inflation, and who loses. When you put your money in the bank, say $10,000., 15 years ago, they guaranteed to pay you back every dollar, in addition to the rent on the money. There's another guarantee, that they never mention - they won't pay you one dollar more, either. And the value of each of those dollars has shrunk, in every one of those 15 years ... as it has every year since the 1930s. That $10,000. would have bought a nice car, 15 years ago ... not now. I figured a while ago, when I could borrow at 6.25%, that most of the time I could come close to breaking even on such a loan, using it to purchase quality stocks. So ... now, when I can borrow for 4.75%, breaking even should be an even greater probability, no? If I'd borrowed your $10,000. from the bank, 15 years ago and paid only the interest in the years since (which I would never recommend, on a consumer loan) .................................................................................................................................................... ................................... when I go into the bank to pay off the loan, now, how much will I need to pay? Yes - $10,000. Which they will give to you, to pay off your CD, if you ask. I gained from inflation, because I paid off the loan in depreciated dollars - you lost, since each of those dollars would buy less than when you loaned it out to the bank, 15 years ago. The only value that your money would ever produce, relative to each of those years, was made right then ... and it was taxed - then ... and, in Canada, it's taxed at top marginal rate. When I used those borrowed dollars to buy quality (retirement type) stocks, and since I came close to breaking even each year on the loan that I made, on average, over the last fifteen years, my investment in stocks grew quite a lot, so now, when I sell them, after paying off the loan, I have quite a lot of money left in my pocket. Which asset was built with your money, not mine. Granted - if the stocks went down in value - I had to find the money somewhere else to pay back to the bank. But, as you know ... they didn't. And, over a time horizon of 10 years or so, they haven't. And a bonus for me - as the value of those quality stocks went up ... so did the annual rate of dividends that they paid. When I bought shares in a Canadian bank 41 years ago for $4.20 or so (also referred to below), they produced annual dividends of about a dime or 12 cents per year: now they pay $3.48. As the number of dollars in a CD doesn't change over the years ... the amount of interest that they produce doesn't change much, either. But - my investment in shares of a Canadian bank have gone from $106. in May, 2007 to just over $62.00 now ... why? They put substantial amounts into those sub-prime U.S. mortgages ... and that "asset-backed commercial paper" ("acid-backed commercial paper"??) that some of the U.S. financial scoundrels were peddling. That now the U.S. government, which can't afford to, is going to partially bail them out of. As some say - socialism for the rich ... private enterprise for the low-level guys who get stuck with the bill ......................... when the rich guys pull a big-time goof (but the rich guys get to keep their previously ill-gotten loot). Remember the savings and loan fiasco of, what, 20 years or so ago? Have you given thought to how much it has cost for the Mccain-Obama campaign over the past couple of years? Where do you figure that money came from? Apart from the costs associated with running for Congress or the Senate, etc. Good wishes for increasing skill in managing your income ... and your assets. ole joyful...See More"Words of Wisdom" from the infamous curmudgeon - Maxine.
Comments (8)That was great! Really funny. We can add don't answer your door if you hear a baby crying....it's gang member initiation. Also, don't stop your car if you see a baby seat or baby carriage along the road.....gang initiation Don't get in your car if you see a van pulled up along side your drivers side in a parking lot...... Don't get back out of your car after getting into it and starting it because you see a piece of paper stuck to your windshield, or back window...... Hahaha...See Morebbstx
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