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JJ Irani · 17 August 2009, 04:21 AM

So far...................so good!!

Czechman · 17 August 2009, 04:25 AM

Over the years I slowly built a hobby related business and it's been gangbusters throughout the recession. Been at it for 20 years and April '09 was out best month ever. I'm blessed and don't take one minute of my good fortune for granted.

No debt, money in the bank, buying undervalued stocks and Rolex watches. Life is good.

gmh1013 · 17 August 2009, 05:59 AM

We are retired but funds are short.... IRA's are a joke (lost 40/45 percent)
cant sell house etc....life sucks at the moment....but most people will agree that 75/ 80
percent of us are hurting right now.

AIKO · 17 August 2009, 06:05 AM

Things are ok, healthcare has been somewhat unaffected (for now). While I am doing well, I do not see myself picking up anymore watches.

Prince · 17 August 2009, 06:08 AM

I would just like to inject something upbeat into this thread. My wife and I are retired, and all is well with us. We are NOT underwater in our mortgage (only a few years left on it anyway), we have NO other debt of any kind, we own both of our cars outright, we have already recouped any losses to our 403(b)s incurred during the recession (the money has now been rolled over into IRAs that are NOT in the market), we have a one-year-plus emergency fund, and our income during retirement is more than we were making working.

We empathize with everyone who has had a tough time during this downturn, and we are very thankful for everything!

rajurama · 17 August 2009, 06:25 AM

Quote:

Originally Posted by Czechman

Over the years I slowly built a hobby related business and it's been gangbusters throughout the recession. Been at it for 20 years and April '09 was out best month ever. I'm blessed and don't take one minute of my good fortune for granted.

No debt, money in the bank, buying undervalued stocks and Rolex watches. Life is good.

Just out of curiosity would you like to share the hobby you converted into business???

wino4ever · 17 August 2009, 06:31 AM

The amount of our wealth that went to "money heaven" was startling but we carry no debt other than a modest mortgage and a low car note and the job is sound so all okay.

The stock market rebound has been nice but we really need strong retail sales this holiday season to keep the momentum moving and for that many more people will need to get employed and/or feel secure in the jobs they have.

I stay safe because I save like a packrat and live way below my means. All the nice stuff I have I pay cash for.

Prince · 17 August 2009, 06:35 AM

Quote:

Originally Posted by wino4ever

...I stay safe because I save like a packrat and live way below my means. All the nice stuff I have I pay cash for.

Goodwatch · 17 August 2009, 06:51 AM

Apart from the hit on my pension investments I'm fine. Don't panic because what happens now, this is all a matter of 'the long haul'. My company is still doing OK with a healthy profit margin. And thus I'm still doing OK. We try to keep enough savings to cope with anything unexpected but still this is modest. But our motto stays the same: live now, worry later

Prince · 17 August 2009, 06:55 AM

Quote:

Originally Posted by Goodwatch

...But our motto stays the same: live now, worry later

Almost the same as this guy's...

Czechman · 17 August 2009, 07:15 AM

Quote:

Originally Posted by rajurama

Just out of curiosity would you like to share the hobby you converted into business???

To clarify, I didn't convert a hobby into a business, I have a hobby-related business. We deal with the scale model market. PM me and I'll give you the link.

Czechman · 17 August 2009, 07:19 AM

Quote:

Originally Posted by wino4ever

I stay safe because I save like a packrat and live way below my means. All the nice stuff I have I pay cash for.

Good on you. Living within one's means... what a novel concept.

betrezra · 17 August 2009, 10:55 AM

I got golden-handcuffs (3 yr deal) 1 yr ago which pay out 20/20/40 right through the worst of this recession...... it WAS going towards a tt p-car...... it NOW is going towards House Principle

If things don't improve I'd rather have my house knocked down VS a depreciating shiny (albiet fun) p-car ;)

This was a good learning experience for my family......
1. There IS such a thing as a bubble.....
2. I am NOT a genius investor who can make 30%/yr with my "dart-throw" single equity picks..... (I thought I was :) :) :) .....
3. I DO need to balance my portfolio with cash/realestate/equities etc..... and not just own stocks ;) :) :)
4. I DO NOT need a TT-Pcar ........

but I'd sure look good in one :)

No serious watch shopping..... but I do want a TT DJ Stick Dial so bad I can taste it.

Dr.B · 17 August 2009, 11:01 AM

Bad that I lost $$$ in the market, good that I kept on investing and buying low.....we will see how it plays out in the next year or two........
Contemplating buying a vacation home at these great prices.....

Bebot · 17 August 2009, 11:09 AM

Quote:

Originally Posted by bodybump

I was wondering 8 months have past..after the worst job loss in the US within months after months...I was looking at the stocks and seems pretty good and job loss are decreasing (well thats what they said)..How did you guys do after 8 months..Good or bad please share it with us...Is buying a new watch on your list this Christmas?? How did you guys manage...

I was doing fine till I met you and start talking to you.

Spend so much money in the last 5 months.

bodybump · 17 August 2009, 11:35 AM

Quote:

Originally Posted by Bebot

I was doing fine till I met you and start talking to you.

Spend so much money in the last 5 months.

My last name is recession...

bodybump · 17 August 2009, 01:25 PM

Quote:

Originally Posted by JJ Irani

So far...................so good!!

Im sure JJ...how can you complain..you were given the best view of your boss...Blondie all the way!!!

bodybump · 17 August 2009, 01:27 PM

Quote:

Originally Posted by TheVTCGuy

Rick I haven't been to Dbuai in many years, but when I was there, I absolutely LOVED It! What an interesting part of the world! Bahrain, Abbu-Dabbi (SP?), I truly enjoyed being there. Maybe in a past life I'm Arabic instead of Greek or something...

One of these days I'm coming back to stay a while...

i would like to go with you paul...my wifes sister works in emirates...

diversified · 17 August 2009, 01:42 PM

Been doing rather good in the stock market only because I've through enough recessions to know that typically 6 months after a major decline in the market, the market will come back 50%. I believe the market is up 48% in 8 months. Now expecting a pullback and the easy money is done. The next couple of years will be a stock pickers market if any decent returns are expected.

Bebot · 18 August 2009, 02:51 AM

Quote:

Originally Posted by bodybump

My last name is recession...

You forgot to mention your middle name.

INFLATION!

HDHNTER · 18 August 2009, 05:30 AM

Very tight times for us, I recruit primarily within manufacturing & business is well......dead for lack of a better word. We're hanging in there but I'm quite confident there will be no Rolex purchase this year. Good thing I stocked up while the money tree was still growing!

Numismatist · 18 August 2009, 05:34 AM

.
.
.
.
.
.
<-----People want Gold Coins when it's bad, and they want to sell them when it's good! It's the 'middle' times that are tough...

Idle Swede · 18 August 2009, 06:15 AM

[QUOTE=bodybump;1317290]i would like to go with you paul...QUOTE]

As long as it doesn't require a Saturday night stay, right?

scottschoe · 18 August 2009, 06:20 AM

Recently graduated and started work the next day. I can't really say I've cut back on purchases - but my Vegas trips are getting more costly every month

No more watches for me this year.

bodybump · 18 August 2009, 06:41 AM

[QUOTE=Idle Swede;1318168]

Quote:

Originally Posted by bodybump

i would like to go with you paul...QUOTE]

As long as it doesn't require a Saturday night stay, right?

don't forget Friday too Leo hahahah

bodybump · 18 August 2009, 06:42 AM

Quote:

Originally Posted by scottschoe

Recently graduated and started work the next day. I can't really say I've cut back on purchases - but my Vegas trips are getting more costly every month

No more watches for me this year.

Tell me about it Scott..I underestimate my trip to vegas too..

bodybump · 18 August 2009, 06:54 AM

Quote:

Originally Posted by HDHNTER

Very tight times for us, I recruit primarily within manufacturing & business is well......dead for lack of a better word. We're hanging in there but I'm quite confident there will be no Rolex purchase this year. Good thing I stocked up while the money tree was still growing!

..are you in the manufacturing buisness? If yes what kind?

Widows Son · 18 August 2009, 12:28 PM

Quote:

Originally Posted by ijen0311

My work gets busier as people get poorer, so it's never a dull moment. Sigh...

I can relate!!!

Raam · 18 August 2009, 04:27 PM

yo guys & Oscar what up!

not so good for me but still have a job and health.

Next year maybe for another Rolex, that DJII lol

openwheelracing · 18 August 2009, 04:33 PM

My employer posted 16 million lost in second quarter, so we had to swallow a 15% mandatory paycut (corporate wide). I am thankful to God that I didn't lose my job because the parking lot is now always half empty (it used to be full).

In the mean time, I want to celebrate the recession by getting my first Rolex :) cheers.

btw my portfolio is earning decent though. I am just 28 and took some risks, and they are paying off nicely atm.

17 August 2009, 04:21 AM	#31
JJ Irani Fondly Remembered Join Date: May 2005 Real Name: JJ Location: Auckland, NZ Watch: ALL SOLD!! Posts: 74,319	So far...................so good!! __________________ Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!!

17 August 2009, 04:25 AM	#32
Czechman "TRF" Member Join Date: Aug 2009 Location: USA Watch: See my signature Posts: 1,189	Over the years I slowly built a hobby related business and it's been gangbusters throughout the recession. Been at it for 20 years and April '09 was out best month ever. I'm blessed and don't take one minute of my good fortune for granted. No debt, money in the bank, buying undervalued stocks and Rolex watches. Life is good. __________________ "Woody and Jen say hey from North Kakalaki" 19019, 19018x3, 17000x2, 16570x2, 16220, 5700, 1501, 6564, 16030, 16710, 16610

17 August 2009, 06:08 AM	#35
Prince "TRF" Member Join Date: Feb 2006 Real Name: Allan Location: St. Augustine, FL Watch: Daytona/Sub/GMT/DJ Posts: 20,323	I would just like to inject something upbeat into this thread. My wife and I are retired, and all is well with us. We are NOT underwater in our mortgage (only a few years left on it anyway), we have NO other debt of any kind, we own both of our cars outright, we have already recouped any losses to our 403(b)s incurred during the recession (the money has now been rolled over into IRAs that are NOT in the market), we have a one-year-plus emergency fund, and our income during retirement is more than we were making working. We empathize with everyone who has had a tough time during this downturn, and we are very thankful for everything! __________________ Member: Rolex Keeper's Society "You see, you can't please everyone, so you got to please yourself." - Rick Nelson

17 August 2009, 06:51 AM	#39
Goodwatch "TRF" Member Join Date: Aug 2005 Real Name: Frans ® Location: Rotterdam Watch: the sunrise... Posts: 10,230	Apart from the hit on my pension investments I'm fine. Don't panic because what happens now, this is all a matter of 'the long haul'. My company is still doing OK with a healthy profit margin. And thus I'm still doing OK. We try to keep enough savings to cope with anything unexpected but still this is modest. But our motto stays the same: live now, worry later __________________ Member# 127

17 August 2009, 10:55 AM	#43
betrezra "TRF" Member Join Date: Jan 2006 Posts: 477	@@ I got golden-handcuffs (3 yr deal) 1 yr ago which pay out 20/20/40 right through the worst of this recession...... it WAS going towards a tt p-car...... it NOW is going towards House Principle If things don't improve I'd rather have my house knocked down VS a depreciating shiny (albiet fun) p-car ;) This was a good learning experience for my family...... 1. There IS such a thing as a bubble..... 2. I am NOT a genius investor who can make 30%/yr with my "dart-throw" single equity picks..... (I thought I was :) :) :) ..... 3. I DO need to balance my portfolio with cash/realestate/equities etc..... and not just own stocks ;) :) :) 4. I DO NOT need a TT-Pcar ........ but I'd sure look good in one :) No serious watch shopping..... but I do want a TT DJ Stick Dial so bad I can taste it.

17 August 2009, 05:59 AM	#33
gmh1013 Banned Join Date: Jun 2008 Real Name: greg Location: Tempe AZ Watch: GMT Posts: 5,703	We are retired but funds are short.... IRA's are a joke (lost 40/45 percent) cant sell house etc....life sucks at the moment....but most people will agree that 75/ 80 percent of us are hurting right now.

17 August 2009, 06:05 AM	#34
AIKO "TRF" Member Join Date: Nov 2008 Location: South Carolina Posts: 1,937	Things are ok, healthcare has been somewhat unaffected (for now). While I am doing well, I do not see myself picking up anymore watches.

17 August 2009, 06:31 AM	#37
wino4ever "TRF" Member Join Date: Jun 2009 Location: Austin Posts: 47	The amount of our wealth that went to "money heaven" was startling but we carry no debt other than a modest mortgage and a low car note and the job is sound so all okay. The stock market rebound has been nice but we really need strong retail sales this holiday season to keep the momentum moving and for that many more people will need to get employed and/or feel secure in the jobs they have. I stay safe because I save like a packrat and live way below my means. All the nice stuff I have I pay cash for.

17 August 2009, 11:01 AM	#44
Dr.B "TRF" Member Join Date: Nov 2008 Real Name: Fernando Location: North Carolina Watch: SS White Daytona Posts: 1,944	Bad that I lost $$$ in the market, good that I kept on investing and buying low.....we will see how it plays out in the next year or two........ Contemplating buying a vacation home at these great prices.....

17 August 2009, 01:42 PM	#49
diversified "TRF" Member Join Date: Jan 2008 Real Name: Jim Location: State College PA Posts: 1,694	Been doing rather good in the stock market only because I've through enough recessions to know that typically 6 months after a major decline in the market, the market will come back 50%. I believe the market is up 48% in 8 months. Now expecting a pullback and the easy money is done. The next couple of years will be a stock pickers market if any decent returns are expected.

18 August 2009, 05:30 AM	#51
HDHNTER "TRF" Member Join Date: Feb 2007 Real Name: Allen Location: SC Posts: 2,766	Very tight times for us, I recruit primarily within manufacturing & business is well......dead for lack of a better word. We're hanging in there but I'm quite confident there will be no Rolex purchase this year. Good thing I stocked up while the money tree was still growing! __________________ Instagram @HDHNTER

18 August 2009, 05:34 AM	#52
Numismatist "TRF" Member Join Date: Nov 2007 Real Name: Chris Location: Camden ME & STT Watch: 116600 Posts: 6,350	. . . . . . <-----People want Gold Coins when it's bad, and they want to sell them when it's good! It's the 'middle' times that are tough... __________________ Rolex 116600 Sea-dweller Montblanc Solitaire Doué Black & White Legrand FP Montblanc Solitaire Doué Black & White RB Montblanc Meisterstück Diamond Mozart BP Montblanc Meisterstück Mozart BP

18 August 2009, 06:15 AM	#53
Idle Swede Suspended Join Date: Oct 2008 Real Name: Leo Location: Boca Raton Posts: 13,820	[QUOTE=bodybump;1317290]i would like to go with you paul...QUOTE] As long as it doesn't require a Saturday night stay, right?

18 August 2009, 06:20 AM	#54
scottschoe "TRF" Member Join Date: Nov 2007 Location: CA Posts: 3,295	Recently graduated and started work the next day. I can't really say I've cut back on purchases - but my Vegas trips are getting more costly every month No more watches for me this year. __________________ __________________

18 August 2009, 04:27 PM	#59
Raam Member Join Date: Mar 2009 Real Name: Raam Location: Irian Jaya Watch: Explorer Posts: 118	yo guys & Oscar what up! not so good for me but still have a job and health. Next year maybe for another Rolex, that DJII lol

18 August 2009, 04:33 PM	#60
openwheelracing "TRF" Member Join Date: Aug 2009 Location: Glendora Posts: 215	My employer posted 16 million lost in second quarter, so we had to swallow a 15% mandatory paycut (corporate wide). I am thankful to God that I didn't lose my job because the parking lot is now always half empty (it used to be full). In the mean time, I want to celebrate the recession by getting my first Rolex :) cheers. btw my portfolio is earning decent though. I am just 28 and took some risks, and they are paying off nicely atm.

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