[WestCoast]

If your minions are under water you want them to go slightly above to keep churning for you.

In the mean time you inflate until they feel "responsible" to pay.

(05-18-2013 01:24 PM)Dexter Morgan Wrote:  

(05-18-2013 11:30 AM)WestCoast Wrote:  

Hahaha at all the guys talking about real estate bubbles again, that means they don't understand what the govt is doing.

LOL. Please explain how QE3 (or is it 3,000; I've lost count) is NOT potentially contributing to an asset bubble. I say potentially, because the macro-economic environment is a dynamic one and there are multiple factors. But generally speaking, inflating the money supply (or more accurately, the supply of credit) while simultaneously keeping the short end of the curve low forces people to seek yield elsewhere, and that usually results in inflated asset prices. As it did with housing in the early part of the century. I.e, we've seen this movie before! LOTS of people made the case that housing couldn't be over-inflated then, but anyone who could do a simple mean-variance analysis (and who knows the difference btwn a mean-reverting market and one that isn't) could have predicted what happened.

Now, I don't think asset values are anywhere near as inflated as they were in say 2006....we're more at 2002 levels. But "hahaha" and "doesn't understand what the government is doing"? Why don't you help us "understand" what the government is doing, and how it differs from what led to the real estate crash and the credit crash of the last decade. Because it looks like a similar expansion of the supply of credit to me! And every time I've seen an expansion of credit, I've seen a subsequent unwind of credit. As this is the largest expansion of the money supply in U.S. history (the Fed wasn't even allowed to buy the sort of assets it now buys until a few years ago), i'd like to know why a bubble in real estate couldn't happen again.

[Dexter Morgan]

(05-18-2013 11:30 AM)WestCoast Wrote:  

People looking for guaranteed income, I guarantee they are broke.

I know a lot of folks with 10 figure retirement accounts who, at a certain age, shift towards income.

You're late 20's, aren't you? You have the certainty of the young.

[Dexter Morgan]

(05-18-2013 01:31 PM)WestCoast Wrote:  

If your minions are under water you want them to go slightly above to keep churning for you.

In the mean time you inflate until they feel "responsible" to pay.

(05-18-2013 01:24 PM)Dexter Morgan Wrote:  

(05-18-2013 11:30 AM)WestCoast Wrote:  

Hahaha at all the guys talking about real estate bubbles again, that means they don't understand what the govt is doing.

LOL. Please explain how QE3 (or is it 3,000; I've lost count) is NOT potentially contributing to an asset bubble. I say potentially, because the macro-economic environment is a dynamic one and there are multiple factors. But generally speaking, inflating the money supply (or more accurately, the supply of credit) while simultaneously keeping the short end of the curve low forces people to seek yield elsewhere, and that usually results in inflated asset prices. As it did with housing in the early part of the century. I.e, we've seen this movie before! LOTS of people made the case that housing couldn't be over-inflated then, but anyone who could do a simple mean-variance analysis (and who knows the difference btwn a mean-reverting market and one that isn't) could have predicted what happened.

Now, I don't think asset values are anywhere near as inflated as they were in say 2006....we're more at 2002 levels. But "hahaha" and "doesn't understand what the government is doing"? Why don't you help us "understand" what the government is doing, and how it differs from what led to the real estate crash and the credit crash of the last decade. Because it looks like a similar expansion of the supply of credit to me! And every time I've seen an expansion of credit, I've seen a subsequent unwind of credit. As this is the largest expansion of the money supply in U.S. history (the Fed wasn't even allowed to buy the sort of assets it now buys until a few years ago), i'd like to know why a bubble in real estate couldn't happen again.

Explains nothing. How was the tech crash of 2000, the real estate crash of 2006-8, and the credit & equity markets crash of 2008 any different? All followed significant expansions of the money/credit supply. Why didn't the Fed want its "minions" to keep paying then?

[WestCoast]

Haha.

Okay. Hint hint guys. I post during market hours. I plan on retiring in two years. I seem to know the markets well. I have stated many times if you are not at a HF running a book you're a nobody.

Take a stab what I do?

But feel free to ignore me I am not going to turn this into a posing contest. All good.

Dexter is just as certain I am wrong as I am he, so no point in arguing. Is what it is.

[bacon]

(05-18-2013 01:20 PM)TheCaptainPower Wrote:  

Question is, if I buy something in Miami can I rent for positive cash flow?

In Brooklyn you cant...

The rule of thumb for rental properties is that it is fair value if the rent you can charge for 1 month is equal or more than 1% of the value of the rental property.

I dont like the liability and limited diversification of a rental property over REITs but the advantage is that your return on investment is more consistent because it does not flucuate with the stock price (which could fall as it did in 07 for many REITs).

[Dexter Morgan]

(05-18-2013 01:37 PM)WestCoast Wrote:  

Haha.

Okay. Hint hint guys. I post during market hours. I plan on retiring in two years. I seem to know the markets well. I have stated many times if you are not at a HF running a book you're a nobody.

Take a stab what I do?

But feel free to ignore me I am not going to turn this into a posing contest. All good.

So we're just supposed to take your word for it?? I don't think you know the markets well at all! And I don't know ANYONE running a hedge fund with significant AUM who has the time to peddle a site like yours! CLEARLY the 2 & 20% on billions of AUM must exceed any value derived by your site??

Sounds like a B.S. artist to me. But, prove me wrong: Answer the questions above and DEMOSTRATE your assertion "I seem to know the markets well" Show us don't tell us.
Don't hide behind "I am not going to turn this into a posing contest. All good. Dexter is just as certain I am wrong as I am he, so no point in arguing." It's a cop out. You've been called out, son. Your cred is on the line.

[WestCoast]

Jeez someone is upset. I won't be typing out my job on the Internet. No big deal just put me on ignore I am not about to load up my professional info.

Good luck. I already loaded a screen cap of my YTD gains on the site as well so I am not tripping.

Go to the site type: investing in stocks in the search.

Now how about your turn? Also don't see how my cred is on the line when I have met forum members already? Thanks for the offer of disclosing all my personal info though. Relax.

(Ps guys I am a 21 y/o banker who lives in a cubicle smashing my head against the keyboard).

[Dexter Morgan]

(05-18-2013 01:43 PM)WestCoast Wrote:  

Jeez someone is upset. I won't be typing out my job on the Internet. No big deal just put me on ignore I am not about to load up my professional info.

Good luck.

I hear: "Blah blah blah. I got NOTHIN' of real insight to say about the markets, so i'll declare victory and go home".

Who's asking for you to post details about your job?? YOU'RE COMPLETELY ANONYMOUS HERE! YOU said we "know nothing about what the government is doing". I didn't say that for you - YOU SAID IT! In reply, I offered evidence why I think you're a fraud. When money is involved, frauds are dangerous. So please, tell us, where I am wrong about the easing that caused the boom-bust cycles of 2001, 2006 and 2008 being similar to today? Why can real estate not be in a bubble and how do we "no nothing"? Specifically.

Your cred is on the line, junior.

[Dexter Morgan]

<Crickets chirping>

That's what I THOUGHT...

[WestCoast]

^^

Bro go to site type "investing in stocks" in the search function there is my YTD returns.

I have also met members on this forum.

Stop trolling me bro, sounds like you are PMS'ing all over the keyboard. Sounds like someone got shown the conference room 5 years in... (Now I am just having fun at this point - meltdown of the week).

[Dexter Morgan]

(05-18-2013 01:50 PM)WestCoast Wrote:  

^^

Bro go to site type "investing in stocks" in the search function there is my YTD returns.

I have also met members on this forum.

Stop trolling me bro, sounds like you are PMS'ing all over the keyboard

Still avoiding. WHY ís the Fed's actions today unable to lead to a bubble in real estate? YOU said people "no nothing". A man can't make a statement and not back it up. Girls do that. If you don't bring something soon, from now on, you're name is going to be "Cupcake". Every thread you're on, i'm going to post to this one, where you were called out and DIDN'T HAVE NOTHIN'.

I think you're a poseur. I DARE YOU to prove me wrong.

[WestCoast]

^^ super meltdown. Lolllllllzzzz

So I have to write a 79 page essay on my phone right here right now or else I am a poser lollzzzzz

[Dexter Morgan]

(05-18-2013 01:54 PM)WestCoast Wrote:  

^^ super meltdown. Lolllllllzzzz

So I have to write a 79 page essay on my phone right here right now or else I am a poser lollzzzzz

Dare declined, eh? I expected more from someone who talks so big...

[Dexter Morgan]

(05-18-2013 01:54 PM)WestCoast Wrote:  

^^ super meltdown. Lolllllllzzzz

So I have to write a 79 page essay on my phone right here right now or else I am a poser lollzzzzz

Nope. Just a compelling couple of sentences. But if you're not up to task, we understand. The forum learned a lot about you today. Cupcake...

[WestCoast]

K.

(Thank you for cupcaking me too, appreciated)

[Dexter Morgan]

(05-18-2013 01:43 PM)WestCoast Wrote:  

I already loaded a screen cap of my YTD gains on the site as well so I am not tripping.

Go to the site type: investing in stocks in the search.

I did. Hehehe! An individual account on Fidelity.Com! WOW, you ARE a Master of the Universe! You must have what - $50K AUM?? Your frat brothers? I guess I don't need to ask what prime broker your firm uses or which IDB you put trades through!

Do you do your books on "Quickbooks", too??

[Dexter Morgan]

Sorry if this is a tad nasty...I just feel like exposing poseurs is something of a duty. I don't do it w.r.t. game, because that is subjective. But money? I'd hate to see any of you piss away your hard earned cash with this guy.

[WestCoast]

^^ so load up your PA with better than 70% returns? Prove me shitty.

You've trolled yourself.

It takes 5 seconds I'll crown you the new guy to listen to. Seriously, do it I don't care if you've got the cards show me up and I'll tell people to listen to you.

The only accounts I am willing to show are individual I am not retarded.

[WestCoast]

Well screen cap? Or you still vigorously searching for a fake one.

[Dexter Morgan]

(05-18-2013 02:06 PM)WestCoast Wrote:  

^^ so load up your PA with better than 70% returns? Prove me shitty.

You've trolled yourself.

It takes 5 seconds I'll crown you the new guy to listen to. Seriously, do it I don't care if you've got the cards show me up and I'll tell people to listen to you.

The only accounts I am willing to show are individual I am not retarded.

Uh, your point is that you're so good you can do 70%? I know a guy on this board who said that anyone who thinks that even 2-3% is easy is full of it, that if he could only do 2-3% a month, he could retire in 2 years. Who was that guy again? Oh yeah - it was you!

http://www.rooshvforum.network/thread-20949-...#pid381568

So which is it? Do you struggle to do 2-3% in your dreams, or did you do 70%? Can you make up your mind? Do you even know?

In any event, none of this PROVES anything - you can make up whatever you like! If you want to prove some insight of the markets, try responding to questions about YOUR assertion that those who believe the Fed's actions can lead to (yet another) bubble "know nothing".

That would be a nice change of pace, Cupcake.

[WestCoast]

Okay so you don't come through.

No where do I say returns are easy either you're putting words in my mouth. You have done this many times already, I never said I run a $20B book or even run a book, I said you're a nobody if you don't work at a HF and top tier is running a book. Re-read the thread.

Where is that screen cap? I have met forum members, I have added value, I have screen caps, I have the correct answers to Wall Street interviews and yet I have something to prove to you?

GTFO keep cupcaking me.

[Dexter Morgan]

(05-18-2013 02:19 PM)WestCoast Wrote:  

Okay so you don't come through.

No where do I say returns are easy either you're putting words in my mouth.

Where is that screen cap?

Yeah and I have something to prove to you? GTFO keep cupcaking me.

Classic misdirection. Like arguing with a girl. I never offered to show you a screen cap. Even if I did - I couldn't - I don't have a single screen cap - my money is with 4 different MM/brokerage accounts. I don't manage all of them myself; half my assets are professionally managed. I would advise anyone to diversify their assets, including their money managers, just the same: No one is an expert on everything! I don't want anyone on this board to give me money, and I have NO website that sells anything. Unlike someone else I know...

Unlike me, who claims no extra-ordinary skill, YOU, on the other hand, made a claim about the macro economy of which you CLEARLY have very little understanding. And have refused to write even two sentences backing up ***YOUR*** original assertion. And yet YOU want people to trust you/your website with money?? You're a joke!

All hat, no cattle...who would trust their money with someone who can't even answer a simple question on an assertion THEY made??

[WestCoast]

Wtf I don't sell anything nor am I asking for money from you guys? Nor do I claim skill, I am just posting my returns... All we are doing is recommending shit Ee use and getting donations for charity so????

As a quick answer to assets even warren buffet says "the best single asset to buy right now is single family homes". I agree with him.

You have embarrassed yourself.

So your claim that you do know macro is better? Lol nonsense.

I'm done with the thread I am arguing with a guy who was shown the conference room at year 3 or so.

[Dexter Morgan]

(05-18-2013 02:30 PM)WestCoast Wrote:  

Wtf I don't sell anything nor am I asking for money from you guys? Not do I claim skill, I am just posting my returns...

You have embarrassed yourself.

Huh? You don't sell anything or ask for money?? So I guess this link on your page (that you include in your signature) is from someone who hacked you? "Approved products" ISN'T you selling something? "Buy us a drink" ISN'T you asking for money. Uh, ok...

http://wallstreetplayboys.com/approved-products/

Tell you what, Cupcake: I'll go along with the gag: You know MUCH more about investing and the macro environment than anyone else on this blog. So I ask you - no, I beg of you - help enlighten those of us who aren't as knowledgeable as you: Why CAN'T the Federal Reserves continuing expansion of credit lead to any number of asset bubbles? Help us understand where those of us who smell the same potential bubble trouble that cropped up in 2001, 2006, and 2008 "know nothing". Seriously - I'm dying to know!

p.s. - I admire that you've linked this thread on your website. First honest thing I've seen you do! Let people reach their own conclusions about your ability (??) to assess market conditions. I predict you'll take it down in a day when the full scope of what it reveals dawns on you...

[Dexter Morgan]

Am I the only one here who wants an answer to this question? Surely most of you either currently own assets in the stock market or the real estate markets, or plan to at some point. And if you've not been in a coma since 2002, you know what happened to real estate in the U.S. (and Ireland, and Spain, and ....). Don't any of you want to know what special insight allows this conclusion?:

"Hahaha at all the guys talking about real estate bubbles again, that means they don't understand what the govt is doing."

(Shameless ask: I'd LUV for just one other poster to reply "yeah ...answer the question!")