Archive for March 2009

New in My life…

March 19, 2009

Well, my life is interesting right now. I work ten hours a week teaching english and I hate it. Mostly, because I hate kids so it works out that I hate my job. Most of the kids are easy but I really have to push myself to be there. I hope these websites start kicking in b/c im itching to quit….

The web work is going good. That’s all I’m going to say about that for now. Busy with it but good.

I’m expanding my circle of friend’s all the time here in Taipei and it is really fun. Every wends, I head to Roxy 99 for the free beer and I always meet people. I always wake up hungover too but is it fun- free beer plus 2 for 1 tequila. I’m a busy beaver.

I still haven’t seen much of Taipei but the weather is nice now and now that I am outsourcing my web work I have more time….so I’ll be seeing a lot lately…and with someone too..

A few weeks back, I met this nice aryan girl at Roxy 99. Austrian. Beautiful. And things are going well with that…so yeah…good for me…that’s my biggest news. so I will end on that high point!

Why Stocks Are a Suckers Bet

March 14, 2009

I don’t really buy stocks anymore. I don’t believe in them. I used to believe in them and that they were a great long term investment but the truth is they aren’t. The recent collapse is proof that the only people who win aren’t the long term investors. If you invested your money in the last ten years and still have it in the market, you haven’t made a dime. I cashed out my stocks before the bubble. Don’t let people fool you- people knew this was coming. The writing was all over the wall. The second Lehman tanked and BOA said they were seeing a rise in credit card delinquencies and mortgages too, I knew that a few banks were going to go. I personally didn’t think it would be this bad but it was bound to happen. You can only live on credit for so long (are you listening federal government?) I did not lose anything. If I still had money in, it would be worth less than the initial investment.

I always tell my parents about this but they never listen. They lost a lot. I’ve been telling them for years on how to invest but they don’t listen. Actual, no one does but that’s ok- I follow buffet and soros and I generally do good. The reason? I don’t invest in the long term and I will never hire a financial planner. If those guys are so good, why are they still working? Soros and Buffet work for themselves. Why is some good telling you what to invest in and not doing it himself? hmmm hmmmm. Yeah, no thanks.

Moreover, the last decade has shown us that history doesn’t repeat it self in the market. Past performance is not a good indicator of future performance. Stocks did great since the depression. They haven’t done so how lately. People who invest in the long term get screwed. Because as Jon Stewart pointed out there are two markets: there is the market that people tell you about- “buy and hold” and then there is the real stock market- the one that happens every day and is transactional. This is the one where people buy and sell for sheer profit and cash out at the end of the day. Buffet holds ownership and preferred stocks not common stocks. Banks do the same. Day traders do the same. Why? Because they understand how it works.

And you don’t. I don’t either. Why do you want to put all your eggs in a basket you don’t really understand? The common person has little sense in investing in stocks. People pour over financial reports everyday. Do you? I don’t. Who has the time!

I do invest in stocks. But only a small small small small few. Why because I know those places. Think about the future of the world. What’s the future hold? No idea. But two things will happen: we need more water and renewable energy will be big. Oil or not, climate change will be a big issue and we’ll need renewable resources. There isn’t a lot of water in the world and the US itself needs BILLIONS in infrastructure investments. Good places to go? These two sectors. I also put a little money in Asia/India stocks just to see.

But I could lose it all which is why I only put a small amount of money in this. The stock market is all a gamble and I’m not going to gamble my savings away. I do that enough playing poker. I don’t know why anyone else would.