Advertise on Bikeforums.net



User Tag List

Page 1 of 2 12 LastLast
Results 1 to 25 of 41
  1. #1
    Senior Member
    Join Date
    Jun 2005
    Location
    rockford, il
    My Bikes
    Trek 7700, C'dale R2000
    Posts
    2,646
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Biking and the Economy

    Hi guys,
    Just in case someone wonders why some of us are absent from this forum. It is not that we no longer love you but my computers are trying to keep up with the historic changes on Wall Street.
    This is unprecedented.
    I bike my 25 to 50 miles per day just to get rid of stress.
    BTW, I am personally involved with AIG and BoA and Merrill Lynch. My wife goes to church while I watch the computers and have meetings with the guys from these companies.
    More later as the dust is settling.

  2. #2
    Yen
    Yen is offline
    Surly Girly Yen's Avatar
    Join Date
    Mar 2007
    Location
    SoCal
    Posts
    4,100
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Good to see you again, Iron Will! Hope things turn out well for you in the economy. It's an E-ticket ride right now.
    Specialized Roubaix Expert
    Surly Long Haul Trucker

  3. #3
    His Brain is Gone! Tom Bombadil's Avatar
    Join Date
    Sep 2006
    Location
    Paoli, Wisconsin
    My Bikes
    RANS Stratus, Bridgestone CB-1, Trek 7600, Sun EZ-Rider AX, Fuji Absolute 1.0, Cayne Rambler 3
    Posts
    9,980
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    A couple of years ago I lost faith in the current administration and dumped all of my stocks and mutual funds. Every last share of them. Went ultra conservative and put everything into CDs. Got 5% on the CDs.

    Wasn't sure at all that it was the right thing to do. Just decided to get out of the risk business for a while. All part of my reduce the stress in my life effort.

    Now I'm thinking of getting back in, while prices are low.
    "Too often I would hear men boast of the miles covered that day, rarely of what they had seen." Louis L'Amour

    There are two types of road bikers: bikers who are faster than me, and me. Bruce Cameron - Denver Post

  4. #4
    Don't mince words Red Rider's Avatar
    Join Date
    Jan 2007
    Location
    Vacaville, CA
    My Bikes
    '08 Orbea Diva "The Avocado"; Specialized Dolce comp "Sweet Thang"; Co-Motion Roadster "Blue Jay", Fuji Team Pro
    Posts
    6,864
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I feel your pain. The California real estate market is, well, challenging, to say the least. I rode 120 miles last week to keep me sane.

    Hey, share a hot tip when you get one, 'k?

    Good luck, and hang in there.
    When my feet hit the floor in the morning, Satan shudders and says, "Oh, *****, she's awake!"

    Visit my blog.

  5. #5
    370H-SSV-0773H linux_author's Avatar
    Join Date
    May 2005
    Location
    Penniless Park, Fla.
    My Bikes
    Merlin Fortius, Specialized Crossroads & Rockhopper, Serotta Fierte, Pedal Force RS2
    Posts
    2,760
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Tom Bombadil View Post

    Now I'm thinking of getting back in, while prices are low.
    i don't like shifting lots of money around, but i have to agree this is a good time to jump back in... (actually, slow-n-steady over the years is better - just think: the Dow was at 5,000 about 12 years ago, IIRC)

    that said, bicycling has saved me money since the cost of gas has doubled in the last four years; i cut my driving more than 40 percent and now ride to market once a week by bike - and that gas money has been re-allocated to investing... a win-win!

  6. #6
    Senior Member
    Join Date
    Dec 2005
    Location
    Deep In The Heart
    My Bikes
    Seven Ti Tandem, Blue T12 tri bike, 92 Paramount, 93 Schwinn Mesa MTB, Trek 520 tourer
    Posts
    2,472
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I almost, but not quite, feel guilty about being in the oil and gas business.

    We quit individual stocks some years back, subscribing to the French and Fama theories on portfolio management. We keep a good portion of our stock holdings in broad (S&P, Wilshire, etc.) index funds and occasionally a segment index fund. Still, our 401's have been bumped down with everyone else.
    Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.....Milton Friedman

  7. #7
    feros ferio John E's Avatar
    Join Date
    Jul 2000
    Location
    www.ci.encinitas.ca.us
    My Bikes
    1959 Capo; 1980 Peugeot PKN-10; 1981 Bianchi; 1988 Schwinn KOM-10;
    Posts
    14,356
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)
    I remain heavily invested in investment-grade, non-speculative individual stocks, which in general have held up better than the few mutual funds I have. I am watching BAC carefully for an opportunity to increase my modest long-term position, and I remain bullish on BHI and APA.
    "Early to bed, early to rise. Work like hell, and advertise." -- George Stahlman
    Capo [dschaw'-poe]: 1959 Modell Campagnolo, S/N 40324; 1960 Sieger, S/N 42624
    Peugeot: 1970 UO-8, S/N 0010468
    Bianchi: 1981 Campione d'Italia, S/N 1.M9914
    Schwinn: 1988 Project KOM-10, S/N F804069

  8. #8
    Senior Member Garfield Cat's Avatar
    Join Date
    Oct 2004
    Location
    Huntington Beach, CA
    My Bikes
    Cervelo Prodigy
    Posts
    4,885
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Was it Warren Buffet who said most people sell when its low and buy when its high?? If this is the case, shouldn't we be in the buying mode right now?

  9. #9
    dit
    dit is offline
    Senior Member
    Join Date
    Jun 2008
    Location
    Middle TN
    My Bikes
    custom built 531 db sport touring frame
    Posts
    602
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I think it would be wise to wait a while longer to jump back in. I look for it to get much worse before it gets better. IMO.........My 401K has lost thousands in the last few month thanks to the Bush bunch.

  10. #10
    Ride Daddy Ride Jet Travis's Avatar
    Join Date
    Feb 2007
    Location
    Villa Incognito
    My Bikes
    1983 Trek 720; 1983 Trek 620; 1989 Gi Cannondale Bad Boy Ultra; LeMond Victoire; Bike Friday Pocket Rocket Pro
    Posts
    2,649
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    This advice may be worth what you paid for it, but you guys may be interested: I work in public relations for a business school. Yesterday, I interviewed a very successful investor. His view is that there's a lot more downside than upside at the moment, and may be for some time to come. Speaking for myself, when Bear Sterns went down the drain in March, I decided enough is enough, I'm bailing out.
    "Light it up, Popo." --Levi Leipheimer

  11. #11
    Senior Member
    Join Date
    Dec 2005
    Location
    Deep In The Heart
    My Bikes
    Seven Ti Tandem, Blue T12 tri bike, 92 Paramount, 93 Schwinn Mesa MTB, Trek 520 tourer
    Posts
    2,472
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    [QUOTE=John E;7487260]I remain heavily invested in investment-grade, non-speculative individual stocks, QUOTE]

    IMHO there is no such thing as a non-speculative individual stock.

    All stocks are speculative, because some idiot may, and eventually does, become CEO.
    Last edited by Monoborracho; 09-17-08 at 02:02 PM.
    Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.....Milton Friedman

  12. #12
    370H-SSV-0773H linux_author's Avatar
    Join Date
    May 2005
    Location
    Penniless Park, Fla.
    My Bikes
    Merlin Fortius, Specialized Crossroads & Rockhopper, Serotta Fierte, Pedal Force RS2
    Posts
    2,760
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by dit View Post
    My 401K has lost thousands in the last few month thanks to the Bush bunch.
    <sigh>... why do folks place so much emphasis on the Executive Branch of the Federal government? the root cause here is (at least for U.S.-based business entities) the fault of the Legislative Branch, the selling of derivatives based on derivatives of bundled mortgage and consumer debt by commercial banks and other financial institutions, and human nature.. these over-valued instruments collapsed due to human greed and lack of sound business principles...

    it would suck to be at retirement age right now (even though if one were at retirement age one should be in more conservative, liquid funds) ... fortunately my horizon is 15 years out, so i'm not worried one whit...

    take a look at Google's 20-year timeline on the Dow for a little perspective and rest easy about your 401(k):

    http://finance.google.com/finance?client=ig&cid=983582

    (grab the slider at the bottom of the chart)... 20 years ago the Dow was at 2071!

  13. #13
    Senior Member gcottay's Avatar
    Join Date
    Jul 2007
    Location
    Green Valley AZ
    My Bikes
    Trice Q; Volae Century; TT 3.4
    Posts
    3,772
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by linux_author View Post
    . . . it would suck to be at retirement age right now (even though if one were at retirement age one should be in more conservative, liquid funds) ...
    Maybe so if one is in a great rush to get everything in cash. Otherwise, there's no great rush to cash out. At least current conditions make it a bit less temping to make spending decisions based on over-optimistic yield projections.
    George
    Laissez les bon temps rouler

  14. #14
    dit
    dit is offline
    Senior Member
    Join Date
    Jun 2008
    Location
    Middle TN
    My Bikes
    custom built 531 db sport touring frame
    Posts
    602
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    ...........sigh>... why do folks place so much emphasis on the Executive Branch of the Federal government? the root cause here is (at least for U.S.-based business entities) the fault of the Legislative Branch,.........

    Considering the theory of our govenment, this statement is correct. The current executive branch has expanded it's bounds beyond any previous president and has pushed it's agenda thru and veto'd laws not pretaining to it's agenda. The last 7 years has produced an almost monarchy and is very much the reason we are in the current condition.

  15. #15
    tsl
    tsl is offline
    Plays in traffic tsl's Avatar
    Join Date
    May 2006
    Location
    Rochester, NY
    My Bikes
    '96 Litespeed Classic, '06 Trek Portland, '13 Ribble Winter/Audax
    Posts
    6,257
    Mentioned
    3 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by John E View Post
    IMHO there is no such thing as a non-speculative individual stock.

    All stocks are speculative, because some crook may, and eventually does, become CEO.
    There. Fixed it for you.
    My two favorite things in life are libraries and bicycles. They both move people forward without wasting anything.
    The perfect day: Riding a bike to the library.—Peter Golkin


    Lucky for me, I work at a library and bike to work.

  16. #16
    Ride Daddy Ride Jet Travis's Avatar
    Join Date
    Feb 2007
    Location
    Villa Incognito
    My Bikes
    1983 Trek 720; 1983 Trek 620; 1989 Gi Cannondale Bad Boy Ultra; LeMond Victoire; Bike Friday Pocket Rocket Pro
    Posts
    2,649
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    After careful consideration, I'm going to invest in hard goods. Starting with those Sidi shoes.
    "Light it up, Popo." --Levi Leipheimer

  17. #17
    el padre
    Join Date
    Mar 2005
    Location
    Central Kansas
    My Bikes
    Linear,
    Posts
    1,445
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I invested today in 5 gal of paint which will be used tomorrow on my day off...if the paint gun works.
    My other investments are bonds and mutual funds.

  18. #18
    His Brain is Gone! Tom Bombadil's Avatar
    Join Date
    Sep 2006
    Location
    Paoli, Wisconsin
    My Bikes
    RANS Stratus, Bridgestone CB-1, Trek 7600, Sun EZ-Rider AX, Fuji Absolute 1.0, Cayne Rambler 3
    Posts
    9,980
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Jet Travis View Post
    After careful consideration, I'm going to invest in hard goods. Starting with those Sidi shoes.
    Would you please hurry up with that!

    I will be buying and wearing them vicariously through you and I'm tired of waiting.
    "Too often I would hear men boast of the miles covered that day, rarely of what they had seen." Louis L'Amour

    There are two types of road bikers: bikers who are faster than me, and me. Bruce Cameron - Denver Post

  19. #19
    Senior Member
    Join Date
    Jun 2005
    Location
    rockford, il
    My Bikes
    Trek 7700, C'dale R2000
    Posts
    2,646
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Thanks for above replies.
    I am retired and therefore I must be careful. I paid quite a bit for an investment model we followed about one year ago. It has prevented major loss so far.
    Above 50% of funds are invested in medium term Municipal Bond Fund of a leading M. Bond Manager.
    Balanced Retirement Funds for longer term growth we hope.
    Annuity with fixed guaranty of return for life but invested in aggressive growth funds.
    A modest amount in money market fund.
    Three bicycles for health maintenance I put this in for the moderators.

    BTW, I feel much better today. The AIG and ML deal is the best outcome I could hope for.
    Last edited by will dehne; 09-17-08 at 07:27 PM.

  20. #20
    Senior Member
    Join Date
    Jun 2005
    Location
    rockford, il
    My Bikes
    Trek 7700, C'dale R2000
    Posts
    2,646
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Red Rider View Post
    I feel your pain. The California real estate market is, well, challenging, to say the least. I rode 120 miles last week to keep me sane.

    Hey, share a hot tip when you get one, 'k?

    Good luck, and hang in there.
    Hot tip of the day: Real estate is not looking good for a few more years.
    Stocks are not for the faint of heart for now.
    Beware: If America gets a cold, others get pneumonia.

  21. #21
    Senior Member
    Join Date
    Jun 2005
    Location
    rockford, il
    My Bikes
    Trek 7700, C'dale R2000
    Posts
    2,646
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by linux_author View Post
    <sigh>... why do folks place so much emphasis on the Executive Branch of the Federal government? the root cause here is (at least for U.S.-based business entities) the fault of the Legislative Branch, the selling of derivatives based on derivatives of bundled mortgage and consumer debt by commercial banks and other financial institutions, and human nature.. these over-valued instruments collapsed due to human greed and lack of sound business principles...

    it would suck to be at retirement age right now (even though if one were at retirement age one should be in more conservative, liquid funds) ... fortunately my horizon is 15 years out, so i'm not worried one whit...

    take a look at Google's 20-year timeline on the Dow for a little perspective and rest easy about your 401(k):

    http://finance.google.com/finance?client=ig&cid=983582

    (grab the slider at the bottom of the chart)... 20 years ago the Dow was at 2071!
    I am not interested in knocking Bush. Part of the current mess was caused by government relaxing interest ceilings in place (That was Clinton). Next, the government lowered interest rate and encouraged borrowing short and lending long (That was Bush). At a minimum it can be said that the government did not keep an eye on cause and effect and let the sharks run wild.

  22. #22
    Rides again HiYoSilver's Avatar
    Join Date
    Oct 2004
    Location
    W. Sacramento Region, aka, Nut Tree
    My Bikes
    Giant OCR T, Trek SC
    Posts
    3,259
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by dit View Post
    The current executive branch has expanded it's bounds beyond any previous president and has pushed it's agenda thru and veto'd laws not pretaining to it's agenda. The last 7 years has produced an almost monarchy and is very much the reason we are in the current condition.
    You can't fairly blame one branch. They all are messed up and only get more messed up regardless of which party's puppet is the current president.

    1. Did you see the chief justice comment this week? Some is horribly wrong with legal system that so many of best minds are working in legal profession which adds no value to the economy.

    2. Congress voted on just barely over 200 bills this last year and over 100 were pat on the back type of bills.

    3. Congress is not legislating so Court is making up laws and congress lacks guts to revise laws to adjust court rulings.

    4. Congress and Exec branch ignore the big issues of the day

    5. All of them are only interested in what their key financial supporters are promoting.


    Fixes, I don't know. Some things that have been suggested that make some sense to me are:

    1. Revise CEO and top 10% of companies compensated employees so bonuses have to based on 5 year performance, and not on year by year performance.

    2. Limit government spending to a fixed percentage of GNP.

    3. Revise the health insurance companies ability to control both ends of service.
    Change so no one can be excluded, no preexisting conditions after 1 year, and no individual/small business health plans. Any plan can use volume of scale and has to be offered to anyone living in the state. Forbid any age or sex differences in premiums. Yes, companies can still make money. They just have to make some services more expensive. Maybe have the govt require a minimum level of benefits. Require all employees, full or part time to be covered. Part timers can pay pro-rata.

    4. Fix the special interest mess. Restrict the tax code to 25 letter size, single sided pages, with font of at least 10pt.

    5. Fix the congress mess. It's over 90% lawyers. Restrict lawyers to 30% of membership.

    6. Deal with the environmental mess most everyone is ignoring. Cancer is increasing because of a polluted food system. We need some new method to remove the incentive to do things like add plastic to milk.

    7. Fix the education mess. Make High Schools and Colleges/Universities compete just as any business would for customers.

    8. Require 2 years of service by everyone between ages of 20 and 30. I don't care if its military service, peace corps, CCC, or whatever. We need to say as a nation, we are a nation and not a sandpile of selfish snobs.

    9. Fix the transportation infrastructure mess. Last bandage was when Ike was president. We've tripled population and added 10% to our roads without increasing mass transit, heck don't even have light transit. Just a few smelly buses here and there.

    10. Fix the border security problems. There are too many criminals that are given free rides who are in a protected class.


    Ok, that's 10. Enough to get started? The point is simple, as a wiser man said,

    I have met the enemy, and he is us.
    Hi 'o Silver away

  23. #23
    Don't mince words Red Rider's Avatar
    Join Date
    Jan 2007
    Location
    Vacaville, CA
    My Bikes
    '08 Orbea Diva "The Avocado"; Specialized Dolce comp "Sweet Thang"; Co-Motion Roadster "Blue Jay", Fuji Team Pro
    Posts
    6,864
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Jet Travis View Post
    After careful consideration, I'm going to invest in hard goods. Starting with those Sidi shoes.
    Your ROI should be better than some of those steenking stocks.
    When my feet hit the floor in the morning, Satan shudders and says, "Oh, *****, she's awake!"

    Visit my blog.

  24. #24
    Don't mince words Red Rider's Avatar
    Join Date
    Jan 2007
    Location
    Vacaville, CA
    My Bikes
    '08 Orbea Diva "The Avocado"; Specialized Dolce comp "Sweet Thang"; Co-Motion Roadster "Blue Jay", Fuji Team Pro
    Posts
    6,864
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    You've provided much food for thought. I have no answers, only observations.

    I've stuck my big toe into politics by having been elected to the Board of Directors of my local Assoc. of Realtors. I also volunteer on the local Board PAC. I've gone to Sacramento 3 years now for our Legislative Days, meeting our elected officials and lobbying for their votes on bills that affect us and our cities. It's a very eye-opening experience. I have given thought to running for city council and am holding out -- the timing doesn't feel right. And, being a Realtor, I have no money with which to run a campaign, with the current market. This is a challenging time. >insert irony icon here<

    Yet as one who leads, I feel compelled to pull papers to run for city council. Currently there are 3 positions available and 29 applicants. I'm not feeling that it's my time, so I'm holding back. Besides, cgallagh says if I volunteer for one more "thing" he's going to yell at me. Shades of the Road Forum!

    My time will come. I encourage those of you who feel powerless to step up and take a position. You have more power than you think -- and you can set an example for all the other cyclists who are resisting involvement. You have more impact than you know.


    Quote Originally Posted by HiYoSilver View Post
    You can't fairly blame one branch. They all are messed up and only get more messed up regardless of which party's puppet is the current president.

    1. Did you see the chief justice comment this week? Some is horribly wrong with legal system that so many of best minds are working in legal profession which adds no value to the economy.

    2. Congress voted on just barely over 200 bills this last year and over 100 were pat on the back type of bills.

    3. Congress is not legislating so Court is making up laws and congress lacks guts to revise laws to adjust court rulings.

    4. Congress and Exec branch ignore the big issues of the day

    5. All of them are only interested in what their key financial supporters are promoting.


    Fixes, I don't know. Some things that have been suggested that make some sense to me are:

    1. Revise CEO and top 10% of companies compensated employees so bonuses have to based on 5 year performance, and not on year by year performance.

    2. Limit government spending to a fixed percentage of GNP.

    3. Revise the health insurance companies ability to control both ends of service.
    Change so no one can be excluded, no preexisting conditions after 1 year, and no individual/small business health plans. Any plan can use volume of scale and has to be offered to anyone living in the state. Forbid any age or sex differences in premiums. Yes, companies can still make money. They just have to make some services more expensive. Maybe have the govt require a minimum level of benefits. Require all employees, full or part time to be covered. Part timers can pay pro-rata.

    4. Fix the special interest mess. Restrict the tax code to 25 letter size, single sided pages, with font of at least 10pt.

    5. Fix the congress mess. It's over 90% lawyers. Restrict lawyers to 30% of membership.

    6. Deal with the environmental mess most everyone is ignoring. Cancer is increasing because of a polluted food system. We need some new method to remove the incentive to do things like add plastic to milk.

    7. Fix the education mess. Make High Schools and Colleges/Universities compete just as any business would for customers.

    8. Require 2 years of service by everyone between ages of 20 and 30. I don't care if its military service, peace corps, CCC, or whatever. We need to say as a nation, we are a nation and not a sandpile of selfish snobs.

    9. Fix the transportation infrastructure mess. Last bandage was when Ike was president. We've tripled population and added 10% to our roads without increasing mass transit, heck don't even have light transit. Just a few smelly buses here and there.

    10. Fix the border security problems. There are too many criminals that are given free rides who are in a protected class.


    Ok, that's 10. Enough to get started? The point is simple, as a wiser man said,

    I have met the enemy, and he is us.
    When my feet hit the floor in the morning, Satan shudders and says, "Oh, *****, she's awake!"

    Visit my blog.

  25. #25
    just keep riding BluesDawg's Avatar
    Join Date
    Feb 2005
    Location
    Milledgeville, Georgia
    My Bikes
    2014 Specialized Crave Pro 29, 2014 Specialized Crux EVO Carbon Disc, 2012 Black Mountain Cycles Monster Cross, 2011 Specialized Roubaix SL3 Expert Compact, 2009 Salsa Casseroll, 2003 KHS Milano Tandem, 1986 Nishiki Cadence rigid MTB
    Posts
    12,649
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by HiYoSilver View Post
    The point is simple, as a wiser man said,

    I have met the enemy, and he is us.
    Pogo was a wiser 'possum.
    The more you ride your bike, the less your ass will hurt.

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •