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alstry (< 20)

Is LordZ a free loader?????



July 14, 2008 – Comments (13)

LordZ makes fun of minorities.  Makes disparaging  comments about those that are disadvantaged or may face hurdles in life that some of us are fortunate to avoid.  As a strong proponent of free speech, although  I may not  like what Lordy sayz, the freedom for him to say it is much more important to me than my sensitivities.

But in the end is LordZ a free loader and doesn't know it  yet.  Here are a few of his comments.

My point would be to save up for these rainy days, you don't have to spend and spend, most people in their fools gold lust for more and more salaries often get lost in that its what you end up with that matters most.

Alsty there are millions upon millions of old people that are going to be able to retire extremely comfortably, and a good many of them got there by saving not consuming,

investing in stocks, not running away from the market.

yes anyone can retire.

I got retired back in 2007

Its a good thing that I saved my money..

No Lordy, you stopped working in 2007.  You just think you won the overian lottery.  You happend to be born in a generation that benefitted from belonging to the only major industrial nation that wasn't ravaged by a World War.  By a confluence of factors that made America positioned to benefit from the growth of the industrial revolution and  a population pattern that was perfectly suited for the task.

Now you lazy butt, you want to sit back and let the much fewer in number take care of you while you sit back and bask in the sun.  It was easy when there were five or ten working for every retired person, pretty soon it will be ten retired people for every few working.  And you expect the few to take care of the many?

Shame on you. 

Yes, Lordy, there are millions of Americans that think they can retire......but that may change soon....or it may not.  There were thousands of workers for Braniff, and other airlines, that thought they were getting a pension.......but that was abuptly taken away from them.

Right now, I am aware of a number of municipal pension plans that are mathematically will be insolvent far before ever paying out full benefits.

For the last hundred years, America benefitted from the industrial revolution and the years that followed.  We set up an infastructure second  to none to take  advantage of the period.  We were dependant  on cheap oil and easy money. 

We are now entering the information age.  Anyone  with a computer as the same advantages and disadvantages whether they are in Bombay or Boston.  With expensive fuel and tightening credit, our cost structure puts us at a disadvantage to many nations in the world.

Those that are depending 10% gains in the stock market for the next thirty years(like the past thirty) may be in for a rude suprise.....or maybe not.

But in the end, I laugh at those who make fun of this minority or that.  Arguing that they didn't save any money or have frivilous spending habits.  Yes  it may be true.......but  no  one violated such behavior more than America as a nation and  a society.  Even those that think they saved.

The savings came  on the back of  being at the right  place at  the right  time.  Now the environment is changing and  few really want to face the facts.  They think that they are entitiled  to stick their savings in this place or that and it must generate a certain income to maintain the lifestyle they feel they have earned.

Pretty soon, we may all realize, as Americans, we simply are broke as a nation.  We can't expect our kids to support a huge overhang of retired people demanding ever rising  costs of  health care.

The cost of health care for the aged today is much higher then the savings accumulated over the years.  The savings was based on a cost structure that is  obsolete  today.

Face it folks we are broke as a nation.......and  we  must at some point accept the  fact.  It is not the end of the world....simply a fact we must face and  deal with it.

It will be interesting to see how LordyZ feels when he finds out that his total accumulated savings may not be enough to fund one major illness, or if inflation kicks in, a few years of living expenses.

Just becuase the last sixty years went one way, it doesn't mean times ain't a changing.

Lordy, I have little doubt  you worked hard, were responsible, and saved an amount you feel is adaquate...........but at the end of the day, regardless of the color of your skin, your perception of what is right  and  wrong, and your view to the world.......if your savings loses purchasing power, your stock portfolio crashes,  your bonds default, and your real estate declines....even if you think you did the right thing.....maybe you didn't.

Maybe you were too greedy for holding on too long and not selling......or selling short.  Maybe you thought you were entitled to a DOW 15,000.....maybe soon you will learn that what you thought you were entitled to was simply a fiction sold to you by the media and financial planners over the past thirty years......or maybe you will be right....who really knows at this point.

In the end, be careful calling people may be you who are the reckless one for holding on too long when you should have sold.


13 Comments – Post Your Own

#1) On July 14, 2008 at 2:47 AM, LordZ wrote:

Wow why don't you ficticiously mention how LORD Z is responsible for puppies dying and the sun not shining... wow...

I just get tired of seeing entirely one sided blogs from certain people and call it like I see it, my apologies if I hurt your feelings ALSTRY.

Do you ever reread your own posts ?

Surely just once you could blog something different, as opposed to the same old stuff. When I read most of your blogs they make me glad that I managed to amass what I have and /or they make me think that maybe I should just go on a wild spending spree and blow all my money as the world is going to hell on a hand basket drenched in gasoline free falling towards the center of the earth.

Now not then but right now is the greatest time to be born,

but as none of us have the fortune to time as to when we are created we can only take advantage of what opportunities are available, life isn't fair, the world is rather indifferent and cold.

You can make excuses and find reasons as to why things are not like you'd like them, you can make excuses and find faults and reasons as to why you'll never be able to save, retire, become sucessful, and or even go to church or become a better person, in the end ~ its how you see yourself that matters most.

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#2) On July 14, 2008 at 6:36 AM, abitare (29.58) wrote:

Unless you have your own business, that is going strong with pricing power and monopoly control or several million dollars in a diversified portfolio, you will not likely be able to retire, it is an unachievable myth that most "baby boomers" will be able to retire.

Even if the US continues to monitize and sell every nationial asset that remains in this country, the funds will run out to support this sizable generation into retirement.

Recommend you start thinking about starting your own business it is the only/best way to obtain the funds to retire. 

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#3) On July 14, 2008 at 9:22 AM, alstry (< 20) wrote:

Lordy, I have no problem you criticizing my posts.  I post in the manner to stir conversation.

I provide the "bear" perspective.  No one is forced to read my blog. 

We accumulate points in CAPs and life by making choices.  Some choose to buy while other choose to sell.  That is what they call a market.



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#4) On July 14, 2008 at 10:07 AM, 22SMU22 (59.74) wrote:

Lets all keep an open mind here... I used to think just like him and for various reasons I changed my ways. Coming from a close minded perpective makes me more open minded than normal, because depending on how people were raised or what their current mindset is, they honestly believe 100% in what they say. So I can see where he is coming from... Do I agree? no, but I value anyones opinion on any subject because I believe true knowledge comes from within, but is altered from our surroundings.

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#5) On July 14, 2008 at 10:54 AM, wolfhounds (54.39) wrote:

Enough already. Yeah, I can regurgitate my life history as well as anyone in my generation, but so what. No matter what anyone of you think, if there's a better chance of making it in another country you can do that too. We still get about 1.5 million legal immigrants a year. They aren't going to China, Russia, Brazil, U.K., France or Saudi Arabia. Have a beer or two; it's summer time in America.

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#6) On July 14, 2008 at 11:01 AM, LordZ wrote:

 22SMU22  I use to think just like him ???

wtf is that suppose to mean ? 22SMU22  ???

who is the close minded person ?

I make a critical comment about someones ( alstry ) negatively world is coming to an end blogging  (and if your really opened minded and go back to look at every blog Alstry posts )

Than the next blog is a question about me ? something questioning whether I paid and pay my dues, no one other than myself is supporting me, and when I say that I'm retired, I became retired from depending upon others to provide for me an employment or revenue generating position. I am truly my own man, making my own fortune in the world.

I'm not here to save the planet, i'm not here to save any souls, and i'm not here to sell anyone any ideas or products. I'm just looking for intelligent conversations and some insight and perspective.

I'm looking to grow and learn, now that I don't have any employer freedom takes on a whole new meaning.

In order to sell it would mean that you once bought or have something worthy of selling.


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#7) On July 14, 2008 at 11:53 AM, 22SMU22 (59.74) wrote:

I was speaking to the other people in this blog, not you. I have no problem with you, I was just talking about what I read. I used to think just like that... if you would like me to make an open minded opinion then I will:

"I'm looking to grow and learn"

Any one with that outlook on things is fine in my book. So don't be so critical :)

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#8) On July 14, 2008 at 12:12 PM, LordZ wrote:

Thank you for clarifying your statement 22SMU22

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#9) On July 14, 2008 at 1:30 PM, zygnoda (< 20) wrote:

Lordz, you've crossed the line before.  You may not agree with others who say you have. 

I agree that Alstry does post a lot of the same type of thing over and over.  I still find his posts informative..

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#10) On July 14, 2008 at 3:42 PM, LordZ wrote:

Zip it  zygnoda

imaginary lines are like imaginary numbers in high school...

anyone remember their math lessons in high school


if i've crossed anything, i've gotten the so called punishment for it.

I remember the term imaginary numbers but I can't recall why the heck was I being taught about imaginary numbers LOL

real numbers are hard enough for most people.

Anyways i'm still standing.

speaking my mind, trying to keep it within socially accepted guidelines, so  zygnoda

your comment is weak.

and poorly timed in this blog.


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#11) On July 15, 2008 at 12:41 AM, blade5adj (< 20) wrote:

Amen, wolfhounds...I think I'll have a beer myself!

I must say from my personal perspective, and myself being a young person (college student), I definitely do not feel as though I "missed out" on anything as alstry seems to be suggesting (correct me if I am wrong, however).  In fact, I love that I was born when I was.  I'm excited about the prospects of renewable energy, and I love the developments that are currently occurring in the world of technology. Perhaps I am just a "noob" haha

Although I do feel like the competive advantages that we used to have as Americans are ebbing away, to me that doesn't really make much of a difference.  I consider myself more a "world citizen" (sorry that sounds so cheeky), and I gladly welcome the lowered barriers of globalization and free trade.  With the free movement of people and capital, if another country is offering better opportunities, I think you should be able to move there.  I think that's the only way we'll be able to stem violence, curb world hunger, and allow for specialization.

If there is large concern over the unpredictable nature of investments, then why not just invest in treasuries and investment grade debt?  That way you ensure a minimum level of return.  It may not be as good a return as equities, but it would certainly allow working american's the ability to better understand how much money they need to save to retire.  The problem we have right now is that people are not saving enough.  Ask an economist: if it were not for foreign investment, we would not be able to maintain the economy that we have.

On another note, when everyone talks about "being able to retire", I find this to be an interesting topic, since it assumes that there is this magic number of wealth required to not have to work any more.  I think retirement means a lot of different things to a lot of different people.  I just think it's interesting that there is this idea that seems to permeate American culture that if you work long enough, you can just sit on your laurels and coast the rest of the way.  I'm not saying that it's right or wrong, just interesting.

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#12) On July 19, 2008 at 1:34 PM, LordZ wrote:

ITs ironic that you mention my CAPS name

and you get the most recommendations.

I like the american indians perspecitve the best

how they mention before the white man came

there were no taxes

no deficits

man hunted and fished all day

while the women worked all day.


you have such a closed minded perspective and single purpose agenda.


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#13) On August 05, 2008 at 9:59 PM, nuf2bdangrus (< 20) wrote:

And to think I spend my precious time on CAPS blogs looking for investment ideas......

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