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	<title>Comments on: The rube report</title>
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	<link>http://www.greaterfool.ca/2009/04/28/the-rube-report/</link>
	<description>Book and Weblog - Authored by Garth Turner</description>
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		<title>By: BongoBoy</title>
		<link>http://www.greaterfool.ca/2009/04/28/the-rube-report/comment-page-3/#comment-28350</link>
		<dc:creator>BongoBoy</dc:creator>
		<pubDate>Fri, 08 May 2009 07:31:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=2380#comment-28350</guid>
		<description>After years of renting &amp; saving, I recently put 60% down on a modest 3 bedroom townhome in a good Toronto neighbourhood.  I live in it for about the same monthly outlay as the one bedroom rental I left behind, taxes, interest &amp; utilities included.  It&#039;ll be less once the small mortgage is paid off.  Should I have put off buying?  Denied myself perhaps years of more comfortable living on the CHANCE that down the road I could get something similar for much less?  I suppose it all depends on where your priorities lie.  It&#039;s all the house I need and it&#039;s affordable now.  Maybe I could have saved $50,000 if I&#039;d stayed in my apartment for another year.  Maybe I&#039;ll be dead in six months.  Who the hell knows?  What I do know is that if real estate crashes, I&#039;ll be riding out the storm in a pleasant, cozy townhome.  And as things cycle its value will recover.  World population remains on the increase, and the next generation is going to need an affordable place to live too.  This is all just another market timing game. 

So to those driven to spending hours of their precious lives chasing the dubious rewards of excess wealth I say:  enjoy the ride.  Because in the final tally, that&#039;s all you may have to show for it.  The stock market is legalized gambling for most folks, as is any paper that doesn&#039;t guarantee its principal.  Attempting to time the market on any purchase is a trip to Vegas as well.  Staying mostly in GIC&#039;s wasn&#039;t making me rich by &quot;first world&quot; standards, but it sheltered me from the latest crash and left me feeling angry for so many friends and loved ones who watched their savings get savaged, victims of the commission driven investment community.  

Play with your equity any way you wish.  Just listen to grampa:  &quot;Spend less than you make and put some away in a safe place for tomorrow.&quot;  Pretty simple advice for those of us who value a roof over our heads, some cash in the bank, and a good night&#039;s sleep.</description>
		<content:encoded><![CDATA[<p>After years of renting &amp; saving, I recently put 60% down on a modest 3 bedroom townhome in a good Toronto neighbourhood.  I live in it for about the same monthly outlay as the one bedroom rental I left behind, taxes, interest &amp; utilities included.  It&#8217;ll be less once the small mortgage is paid off.  Should I have put off buying?  Denied myself perhaps years of more comfortable living on the CHANCE that down the road I could get something similar for much less?  I suppose it all depends on where your priorities lie.  It&#8217;s all the house I need and it&#8217;s affordable now.  Maybe I could have saved $50,000 if I&#8217;d stayed in my apartment for another year.  Maybe I&#8217;ll be dead in six months.  Who the hell knows?  What I do know is that if real estate crashes, I&#8217;ll be riding out the storm in a pleasant, cozy townhome.  And as things cycle its value will recover.  World population remains on the increase, and the next generation is going to need an affordable place to live too.  This is all just another market timing game. </p>
<p>So to those driven to spending hours of their precious lives chasing the dubious rewards of excess wealth I say:  enjoy the ride.  Because in the final tally, that&#8217;s all you may have to show for it.  The stock market is legalized gambling for most folks, as is any paper that doesn&#8217;t guarantee its principal.  Attempting to time the market on any purchase is a trip to Vegas as well.  Staying mostly in GIC&#8217;s wasn&#8217;t making me rich by &#8220;first world&#8221; standards, but it sheltered me from the latest crash and left me feeling angry for so many friends and loved ones who watched their savings get savaged, victims of the commission driven investment community.  </p>
<p>Play with your equity any way you wish.  Just listen to grampa:  &#8220;Spend less than you make and put some away in a safe place for tomorrow.&#8221;  Pretty simple advice for those of us who value a roof over our heads, some cash in the bank, and a good night&#8217;s sleep.</p>
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		<title>By: Barb the proof reader</title>
		<link>http://www.greaterfool.ca/2009/04/28/the-rube-report/comment-page-3/#comment-27595</link>
		<dc:creator>Barb the proof reader</dc:creator>
		<pubDate>Thu, 30 Apr 2009 20:09:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=2380#comment-27595</guid>
		<description>&lt;i&gt;#128 Dan in Victoria: &quot;If you look around on the internet there is some other disturbing info.&quot;&lt;/i&gt;

True, like how former Alberta politicians have poised themselves to catch the ball of healthcare profits as they tumble into private hands, nudge by nudge, not for improperly purported money saving purposes but for lining private pockets.  Manipulating and strangling the public healthcare system to a false death has been Big Private Medicine&#039;s long term goal.  Beware of unbounded greed of medical profiteers in sheep&#039;s clothing, they don&#039;t care who they kill in their money-making wake.</description>
		<content:encoded><![CDATA[<p><i>#128 Dan in Victoria: &#8220;If you look around on the internet there is some other disturbing info.&#8221;</i></p>
<p>True, like how former Alberta politicians have poised themselves to catch the ball of healthcare profits as they tumble into private hands, nudge by nudge, not for improperly purported money saving purposes but for lining private pockets.  Manipulating and strangling the public healthcare system to a false death has been Big Private Medicine&#8217;s long term goal.  Beware of unbounded greed of medical profiteers in sheep&#8217;s clothing, they don&#8217;t care who they kill in their money-making wake.</p>
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		<title>By: Got A Watch</title>
		<link>http://www.greaterfool.ca/2009/04/28/the-rube-report/comment-page-3/#comment-27593</link>
		<dc:creator>Got A Watch</dc:creator>
		<pubDate>Thu, 30 Apr 2009 19:56:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=2380#comment-27593</guid>
		<description>#123 - Sean - LOL. Those all sound like good arguments to not own this company now, but maybe in the future when the economy improves.

But I am mostly a day-trader anyway. Obviously your standards of what is a good investment are different from mine. I look for a small instant gain, then I bail. I care not about the long term, I don&#039;t hold for that long.

If you bothered to click on the link, it talks about how solar manufacturing plants are shutting down all over the globe - because customers with money who are ready to install now are very scarce. Due to the credit crunch.

This has nothing to do with the ESLR stock, except they won&#039;t escape the same fate. If customers have no money, the sales won&#039;t be made till they do. 

Has nothing to do with how good or not the company by itself is, it&#039;s the wider economy and the credit crunch.

I have a background in this field, actually do have a degree in mechanical technology with a solar specialty.  But that does not help me analyze the stock in a time when the markets are not normal. If things were not so bad all over, your analysis would probably  be correct.

Good luck with the trade. I just don&#039;t have enough patience to hold it.</description>
		<content:encoded><![CDATA[<p>#123 &#8211; Sean &#8211; LOL. Those all sound like good arguments to not own this company now, but maybe in the future when the economy improves.</p>
<p>But I am mostly a day-trader anyway. Obviously your standards of what is a good investment are different from mine. I look for a small instant gain, then I bail. I care not about the long term, I don&#8217;t hold for that long.</p>
<p>If you bothered to click on the link, it talks about how solar manufacturing plants are shutting down all over the globe &#8211; because customers with money who are ready to install now are very scarce. Due to the credit crunch.</p>
<p>This has nothing to do with the ESLR stock, except they won&#8217;t escape the same fate. If customers have no money, the sales won&#8217;t be made till they do. </p>
<p>Has nothing to do with how good or not the company by itself is, it&#8217;s the wider economy and the credit crunch.</p>
<p>I have a background in this field, actually do have a degree in mechanical technology with a solar specialty.  But that does not help me analyze the stock in a time when the markets are not normal. If things were not so bad all over, your analysis would probably  be correct.</p>
<p>Good luck with the trade. I just don&#8217;t have enough patience to hold it.</p>
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		<title>By: Dan in Victoria</title>
		<link>http://www.greaterfool.ca/2009/04/28/the-rube-report/comment-page-3/#comment-27532</link>
		<dc:creator>Dan in Victoria</dc:creator>
		<pubDate>Thu, 30 Apr 2009 05:10:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=2380#comment-27532</guid>
		<description>Post #122 Barb&quot;Who is profiting off of them&quot; that got me thinking on a diffrent tangent,Tamiflu was on the news tonight.How about former US Defense secretary Donald Rumsfeld,former Secretary of State George Schultz,wife of former California Governor Pete Wilson.http://www.snopes.com/politics/medical/tamiflu.asp   If you look around on the internet there is some other disturbing info.</description>
		<content:encoded><![CDATA[<p>Post #122 Barb&#8221;Who is profiting off of them&#8221; that got me thinking on a diffrent tangent,Tamiflu was on the news tonight.How about former US Defense secretary Donald Rumsfeld,former Secretary of State George Schultz,wife of former California Governor Pete Wilson.<a href="http://www.snopes.com/politics/medical/tamiflu.asp" rel="nofollow">http://www.snopes.com/politics/medical/tamiflu.asp</a>   If you look around on the internet there is some other disturbing info.</p>
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