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  #16  
Old 05-18-2012, 08:58 AM
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Originally Posted by ssramage View Post
This applies to any type of risk based investment
well alot of what Clark Howard says is basic common sense most people dont have common sense though
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  #17  
Old 05-18-2012, 08:59 AM
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Originally Posted by ryano View Post
Clark Howard said if you have plenty of money to dive in head first. if you dont have money you could potentially lose, stay the hell away from it at least for now.

I think me and you probably fall in the latter category of that Im gonna pass.
Wow, you're right .

But doesn't that basically apply to any stock? Look at what happened to Enron. This will be an interesting one to follow though.

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  #18  
Old 05-18-2012, 08:59 AM
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well alot of what Clark Howard says is basic common sense most people dont have common sense though
True
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  #19  
Old 05-18-2012, 09:00 AM
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How can it grow? A site that allows you to advertise you bussiness, club, group, etc, for FREE? Interact with your customers for FREE?

I think the damn should get the title of smartest man in the world!
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  #20  
Old 05-18-2012, 10:22 AM
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Facebook has been around almost 10 years now and has over 800 million members and is growing daily. I dont think its going anywhere anytime soon.
Membership has very little to do with how the company makes money. That's what the general public is missing. This reminds me a lot of how people invested in the 1990's.


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Originally Posted by Bruz View Post
BUY ...... If not NOW......Soon.

It is here to stay....Like the Internet.
On what premise? You might be right, but how did you come about this decision?

Quote:
Originally Posted by ryano View Post
Clark Howard said if you have plenty of money to dive in head first. if you dont have money you could potentially lose, stay the hell away from it at least for now.

I think me and you probably fall in the latter category of that Im gonna pass.
If you get your financial advice from Clark Howard......well, I'll just say I wouldn't tell anybody that.

Especially since he doesn't follow his own advice.


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Originally Posted by quackwacker View Post
How can it grow? A site that allows you to advertise you bussiness, club, group, etc, for FREE? Interact with your customers for FREE?

I think the damn should get the title of smartest man in the world!
The ads aren't free....how do you think Facebook makes money? If all of that was free then it would an even worse investment.

Red
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  #21  
Old 05-18-2012, 10:55 AM
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Shit man. The extent of my financial status is paying the maximum I'm allowed into the Teacher's Retirement System.

All the rest goes to bills and "fun" pretty much.

I don't take advice from Clark Howard, Dave Ramsey or much of anyone like that. Good bad or indifferent.
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  #22  
Old 05-18-2012, 12:08 PM
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Originally Posted by ryano View Post
Shit man. The extent of my financial status is paying the maximum I'm allowed into the Teacher's Retirement System.

All the rest goes to bills and "fun" pretty much.

I don't take advice from Clark Howard, Dave Ramsey or much of anyone like that. Good bad or indifferent.
I hear ya. My wife is a teacher and God bless you for putting up with the public school system BS. The TRS system is a good one. Its one of the last plans like that.

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  #23  
Old 05-18-2012, 12:14 PM
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Know it isn't like for a topic to go astray around here but wondering.....

Is the TRS still offered to new employees? About a year ago they locked our retirement plan down, no new enrolees. New folks can get a 401K with a small ammount matching. The state has ruined any decent incentive to work for them.

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  #24  
Old 05-18-2012, 12:28 PM
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Facebook at 40.86 up a liitle over 2.5% Must be a ton of short selling going on
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  #25  
Old 05-18-2012, 12:50 PM
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whats they symbol for FB? Scottrade isn't pulling it up. Never mind found it.
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  #26  
Old 05-18-2012, 12:57 PM
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Quote:
Originally Posted by Nick_T View Post
Know it isn't like for a topic to go astray around here but wondering.....

Is the TRS still offered to new employees? About a year ago they locked our retirement plan down, no new enrolees. New folks can get a 401K with a small ammount matching. The state has ruined any decent incentive to work for them.

Nick T
Yes it's still there but it was modified a few years ago I think. I'm not exactly sure what the changes were, but I remember talking about it in one of my accounting classes in school. I do know that the pension system my wife is under is not the same as what teachers 10 or 20 years ago got, but it's still pretty decent.
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  #27  
Old 05-18-2012, 12:58 PM
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Quote:
Originally Posted by Nick_T View Post
Know it isn't like for a topic to go astray around here but wondering.....

Is the TRS still offered to new employees? About a year ago they locked our retirement plan down, no new enrolees. New folks can get a 401K with a small ammount matching. The state has ruined any decent incentive to work for them.

Nick T
It's not just the state...........Alot of private and public companies are doing the same thing, one reason I decided to stay with the company
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  #28  
Old 05-18-2012, 01:02 PM
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Smart move. The retirement system I'm under ain't no where what they had back in the mid-80's but it's a heck of alot better than what's offered now. Got to figure out my next play in about 4yrs or so, i'll have my full 30 in.

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  #29  
Old 05-18-2012, 01:04 PM
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Quote:
Originally Posted by ssramage View Post
Yes it's still there but it was modified a few years ago I think. I'm not exactly sure what the changes were, but I remember talking about it in one of my accounting classes in school. I do know that the pension system my wife is under is not the same as what teachers 10 or 20 years ago got, but it's still pretty decent.
About what I figured. Teachers and GSP faired alot better when they went to rearranging things than most other gov't agencies.

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  #30  
Old 05-18-2012, 01:19 PM
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Im under the "60% of an average of your two best years" with 30 years of service plan.........Was fully vested at 10 years of service.

Im just about half way to retirement and I dont see my salary increasing a whole lot in the future. I will have go back to work at least part time somewhere when I retire here.
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