Professional Soldiers ® - View Single Post

PSM · 10-09-2008, 21:36

I’m with Pete. I’m a buyer.

TR’s right:

Experience: My Grandparents went through the Great Depression and one set went through the Dust Bowl as well. They did just fine. We went through the ’87 drop and bounced back even better. Same thing with September 11.

Tranining: I read a Peter Lynch book where he said he was in Ireland on Black Monday in ’87 and couldn’t find a phone to start buying for his Magellan Fund. There were similar stories about wealth building in the ‘30s.

Optimism: This is still the strongest, freest, most productive, country in the world. We can weather this.

But, at my age, this might be the last downturn that I can afford to take advantage of. My son is DCAing in big time because I taught his all of the above. (I may need someone to change my diapers in the future.

)

Pat

10-09-2008, 21:36	#6
PSM Area Commander Join Date: Nov 2005 Location: Cochise Co., AZ Posts: 6,200	I’m with Pete. I’m a buyer. TR’s right: Experience: My Grandparents went through the Great Depression and one set went through the Dust Bowl as well. They did just fine. We went through the ’87 drop and bounced back even better. Same thing with September 11. Tranining: I read a Peter Lynch book where he said he was in Ireland on Black Monday in ’87 and couldn’t find a phone to start buying for his Magellan Fund. There were similar stories about wealth building in the ‘30s. Optimism: This is still the strongest, freest, most productive, country in the world. We can weather this. But, at my age, this might be the last downturn that I can afford to take advantage of. My son is DCAing in big time because I taught his all of the above. (I may need someone to change my diapers in the future. ) Pat __________________ "Hector Lives!" "The limits of tyrants are prescribed by the endurance of those whom they oppress." -- Frederick Douglass "The bigger the government, the smaller the citizen." -- Dennis Prager "The urge to save humanity is almost always only a false-face for the urge to rule it." --H.L. Mencken
PSM is offline