I don't see much in this group that is in the least relevant to strippers. It is mostly Limbaugh-like ranting of the kind that almost destroyed US.
Have you no sense of decency, sir? At long last, have you left no sense of decency?





I don't see much in this group that is in the least relevant to strippers. It is mostly Limbaugh-like ranting of the kind that almost destroyed US.
Have you no sense of decency, sir? At long last, have you left no sense of decency?
Personal investing threads gave way a little while ago to economics and economic policy threads, which bore me, so I'm mostly sitting out. Wake me when people want to discuss buying and selling stuff![]()
Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
- Dr John Zoidberg
The economy has no effect on strip clubs you say?










Arguably, because exotic dancers are like professional atheletes in terms of having a relatively 'short' window of opportunity to earn a large amount of money, the management of personal investments should be of great interest to any 'professional' dancer.
Also, arguably, the reason that there are fewer direct discussions re personal invesments and more direct discussions of gov't economic policy is that gov't (sanctioned) economic policy actions are now exerting a larger effect on the economy, the 'value' of the US dollar, and thus the pricing of commodities and the profitability of most companies (thus pricing of their stock shares), than free market forces.
Another reason that there are fewer personal investment discussions is that, across the board, there are fewer high probability 'long' investment opportunities available. Today's markets are laced with unprecedented volatility, thus the most promising investments may now be very short term in nature and/or trading the 'short' side ( put options, inverse ETF's, outright short selling ). This is not typically a 'comfort zone' for most amateur investors, and I hesitate to originate discussions on such topics because - frankly - I don't want to promote the assumption of 'stealth' investment risk.
Since the US economy has really not shown signs of a solid bottom, most of the previous points still hold. People are unable to buy (or unable to obtain the credit to buy) new houses - thus they are keeping and fixing up the houses they already own, thus Lowes and Home Depot are seeing increased business levels. People are unable to buy ( or unable to obtain the credit with which to buy ) expensive consumer items, so businesses like RentACenter and Aarons are seeing increased business levels. As state and local taxes are increasing / energy and food costs are increasing etc. while paychecks are staying the same, going down, or being lost altogether, fewer and fewer people are able to afford shopping at 'middle class' retailers, so bottom end retailers like WalMart, Dollar General etc. are seeing increased business levels.
But the real area of opportunity right now appears to be commodities and currencies. I'm already on record umpteen times as taking a position that the US dollar's 'purchasing power' will steadily decline as the gov't continues to print new money out of thin air. This will result in higher prices for energy and food, and higher profits for energy and food producing companies. This should also result in a 'boost' in the currencies of commodity exporting countries ( like Canada and Australia) versus the US dollar. I am also on record that IMHO the Swiss economy and Swiss Franc are probably the most stable in the entire world right now ( although admittedly 'stability' is now a relative measure !). Obviously there are a bunch of individual company stocks as well as a bunch of ETF's which allow an 'amateur' investor to participate in commodity and currency markets.
~
Last edited by Melonie; 06-14-2009 at 01:25 PM.










^^^ and there are a host of past discussions discussing financial priorities for 'new' dancers - which essentially boils down to ...
A. pay off high interest, non tax deductible debt
B. begin building up a 'cash' reserve equal to about 6 months worth of basic living expenses. This can take the form of a savings account, overlapping maturity CD's, a money market account etc.
C. save money for the purchase of essential big ticket items i.e. a decent car ... without the necessity of high interest rate financing.
D. formulate an investment strategy and begin investing ... noting that one possible early investment is the purchase of a house.
E. serious management of investments
I don't read anything in here.... too much blah blah blah that I don't understand... it may as well be written in Greek. Not to mention the posts are sooo long that I open it, see it's 5 billion pages long and close it before reading a word.
ETA: Im sure there is some intersting stuff in the posts but man, can't they be condensed or something!? I have a short attention span on here just like dancing - 3 minutes and I'm gone. If the post is going to take longer than that to read I don't bother.





I like this thread.![]()










That is it exactly for most people; they don't think about something that is so far off.
It is very easy for anyone to be a millionaire by the time they are 65 by just putting away a few percent of their weekly pay starting form day one. I had a chance to buy at&t stock at a discount when I was 18. Now why would I waste my money on that?![]()





If only...
I spent so much time and energy trying to get rich quick, when all along, the slow method (saving 10% of everything) would have worked perfectly. Luckily, I learned before it was too late. Now I just want to tell every young person to save a little of everything they make and it will be enough.





earl and bobby, keep in mind that you can keep working for decades past age 30 with equal or probably greater earnings potential than when you were 20. In the case of exotic dancers this is almost NEVER the case. Thus in a similar situation to professional athletes, exotic dancers who don't want to be dependent on the successful development of a second career beginning at age 35 need to pay a great deal of attention to savings and investment while they are still in their 'peak' earnings potential years.



I'll be honest... I haven't contributed much in the last little while mostly because the market has humbled me with some of my poor decisions... that, and this year was particularly difficult at school... I wanted to work more than study...
Anyways, I am mostly in CDN$ cash now and have a huge holding in Consumer's Waterheater Income Fund which pays out about a 20% aror as dividends. other than that, I'm a contrarian and still own some gold companies, but ain't buying much of anything... maybe getting into gun collecting. I have some stocks that are borderline heading for Chpt. 11... but, evenstill returns have been good over the last 5 months. still downsizing my holdings overall.
as for the market and economy I think that we are NOT on a rebound.
1. unemployment will still go up.
2. people are financially hardstrapped
3. alot of difficulties ahead in the market.
4. debt levels
5. defecit levels
6. manufacturing way down- globally
7. housing markets still have difficulties
I could be wrong... I've been wrong many times before![]()
Oh Canada, we stand on cars and freeze...








I guess it's the same as why plumbers can sometimes charge up to $200/hr?
most people have a fear of leaks...
anyways, it's a good solid income earner that won't have to worry about unpaid bills and collections in the worst of economic environments. I'm surprised more people haven't thought of this as a good investment...
Oh Canada, we stand on cars and freeze...





maybe that's because the shares have lost half of their value over the last year ! Of course this could make for a buying opportunity given current yield !
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