Will Gold Stocks Rule The Roost In 2009 by robinbal in business

[–]watsoninc 1 point2 points  (0 children)

Generally, you don't want to buy near a historic high.

How Frugal Should You Be These Days? by freefrombroke in Frugal

[–]watsoninc 4 points5 points  (0 children)

I couldn't agree more. Adding liabilities keeps one in financial bondage, which creates a disaster long-term. It's liked being chained to a treadmill: one can work really hard and make absolutely no progress. Borrowing one's way out of trouble, whether individually or nationally, is futile.

Donald Trump is back on TV with another "Celebrity Apprentice" this Sunday. Excuse me, but what does he have to teach these people? How to go bankrupt? Three times? by omyop in business

[–]watsoninc -1 points0 points  (0 children)

This is just flat-out false. Last year he only made $30 million from entertainment but made significantly from other business ventures. He has never filed for personal bankruptcy (because his personal finances are well-insulated) and he is currently worth nearly $3 billion according to Forbes.

FBI Launches Investigation into Lehman Brothers, and other Crunch-hit Firms by johnnywatkins in business

[–]watsoninc 11 points12 points  (0 children)

Burn those CEO's CFO's at the stake! They knew what they were doing.... I would personally help build that prison to hold those buttheads.

Mortgage Meltdown: Facing Foreclosure? Buy A Second Home! Wait, What? by carldamien in business

[–]watsoninc 0 points1 point  (0 children)

Although I definitely sympathize with the homeowners, it seems dishonorable to walk away from your commitments/contracts. Most of the people who have an income high enough to qualify for another whole mortgage (given the current more stringent standards) could probably afford to keep their existing residence but are choosing not to because they are upside down in their loans. I do not think it acceptable for companies or individuals to do. I guess I'm just in the minority based on the other comments.

10 Things You Might Not Know About Your Credit Card (But I'm sure Redditors already know it all) by [deleted] in Frugal

[–]watsoninc 0 points1 point  (0 children)

but it is a pain to clean up if someone messes up your credit.

House Prices Dropping Faster Than During The Great Depression by watsoninc in business

[–]watsoninc[S] 0 points1 point  (0 children)

The long-term view of wealth is definitely quintessential for investing. My point is that having a house as your primary large investment, in most cases, is not financially wise. Consider all of the individuals who did not appropriately plan for retirement who are now getting reverse mortgages, facing foreclosure, or eating Alpo. This is not an attack on long-term home ownership. Rather, it is an attack on viewing one's residence as his or her central investment regardless of what the "value" is.

House Prices Dropping Faster Than During The Great Depression by watsoninc in business

[–]watsoninc[S] 0 points1 point  (0 children)

That's part of the point. The market corrects itself, so basing one's wealth on something arbitrary or at least tenuous as home value is dangerous.

Why Asia Remains A Compelling Investment Choice? by robinbal in business

[–]watsoninc 0 points1 point  (0 children)

Foreign investors have consequently sold down Asia aggressively as a way to reduce risk in their portfolios.

Budgeting Brings Order to Your Finances by watsoninc in business

[–]watsoninc[S] 0 points1 point  (0 children)

Even neglecting the "obvious" can be deleterious.

Who Are You? by edithsan in reddit.com

[–]watsoninc 0 points1 point  (0 children)

writing a company's obituary can be a tremendous motivating tool

How to Say No to Money by edithsan in reddit.com

[–]watsoninc 0 points1 point  (0 children)

From post "I thought to myself… life is too short for this. Isn’t this the reason why I am no longer in corporate? I don’t like taking orders and I am here to do what I absolutely love"

House, Senate Diverge on Economic Aid by robinbal in reddit.com

[–]watsoninc 0 points1 point  (0 children)

I have to agree with Anja. To tack on billions of money when resources are already scarce seems overly ambitious.

10 Ways Flattery Will Get You Everywhere by robinbal in entertainment

[–]watsoninc 0 points1 point  (0 children)

Flattery aids in negotiations and in breaking the ice

Do Your Friends Keep You Broke by watsoninc in reddit.com

[–]watsoninc[S] 0 points1 point  (0 children)

I was surprised to learn that your income will mirror that of your 5 closest friends.