ALBERT HERTER

Archive for December, 2008|Monthly archive page

QUOTATION OF THE DAY. N.Y.TIMES, 23 DEC. 2008

In Uncategorized on December 24, 2008 at 14:33

– QUOTATION OF THE DAY -N.Y. TIMES, 23 DEC. 2008

“In elevating to a level of demi-worship people with big bucks, we have been destroying the values of our future generation. We need a total rethinking of who the heroes are, who the role models are, who we should be honoring.”
– RABBI BENJAMIN BLECH, professor of philosophy of law at Yeshiva University, on
the downfall of disgraced financier Bernard Madoff.

MY 12 SUGGESTED STEPS TO PREPARE FOR ‘GREAT DEPRESSION II’ , THE SEQUEL

In Uncategorized on December 19, 2008 at 23:43

.

I’M NOT MAKING ANY BETS/MOVES TILL I SEE HOW BAD THIS IS GOING TO GET.   IN   THE SHORT-TERM CASH WILL BE KING.

NO CUTTING BACK POUR MOI SINCE I’M LIVING BELOW MY MEANS FOREVER. THE ART OF LIVING POOR.

COSTS ME A DOLLAR TOTAL TO GET OUT TO JFK ON THE SUBWAY/BUS. A TRAIN TO LEFFERTS BLVD.; FORGETABOUT THE AIR TRAIN AT FIVE BUCKS!

MANY ASK WHAT’S MY GUESS ABOUT HOW LONG THIS IS GOING TO LAST?  Three to five YEARS IS MY GUESS.

MY SUGGESTIONS:

1. FOR A MONTH KEEP TRACK IN A SMALL NOTEBOOK—DON’T BUY ONE—OF EVERY PENNY YOU SPEND.

2. REVIEW EACH BILL YOU PAY OR HAVE PAID. NEED ALL THOSE CABLE CHANNELS? THE LATTES? THE SMOKES? THE CLEANERS? THE MAID TWICE A WEEK?

THINK SIMPLE LIVING. QUAKERS AS THE STANDARD. PAY OFF ALL CREDIT BILLS.

3. SELL ANYTHING YOU DON’T USE, WANT, NEED, OR ARE JUST STORING FOR POSTERITY, THE CHILDREN,  FOR A RAINY DAY.

4. WALK , USE PUBLIC TRANSIT, USE YOUR BIKE, CAR POOL.

5. GENERIC DRUGS.

6. COOK/ENTERTAIN AT HOME. POTLUCKS. CHEAPER, EASIER, NICER, MORE FUN.

7. MEND CLOTHES, DARN SOCKS, TURN OFF LIGHTS, RE-HEAT LEFTOVERS. THINK SMALL, CHEAP, AFFORDABLE.

8. START TO GET THE DRIFT THAT THE LANDSCAPE HAS CHANGED DRAMATICALLY.

9. LOOK FOR REVENUE CENTERS THAT YOU CAN PROFIT FROM: RENT A SMALL ROOM AS AN OFFICE FOR SOMEONE WHO WILL USE IT; THE GARAGE; THE BASEMENT FOR STORAGE.

10. GET ONTO CRAIGSLIST AND MINE THOSE WATERS.TO SELL , TO RENT, TO EXCHANGE APTS. RATHER THAN USE HOTELS. BARTER SERVICES.

11. PLAN A VEGGIE GARDEN, YOU DO TOMATOES, THE NEIGHBORS DO CORN/BEANS/SQUASH. YOU SHARE THE HARVEST /TOOLS/KNOWLEDGE WITH EACH OTHER.

12. COUNT YOUR BLESSINGS. BE GOOD TO YOURSELF. HEALTH IS NUMBER ONE ON MY LIST. EAT BETTER, EAT LESS, TAKE YOGA/WALKS/BIKE RIDES. VOLUNTEER TO GET OUT OF THE APT/HOUSE, GET YOU IN TOUCH WITH OTHERS LESS FORTUNATE. DDAGTM—–AN IN MESSAGE FOR FRIENDS OF BILL’S…..

WANT WHAT YOU HAVE.

DO WHAT YOU CAN.

BE WHO YOU ARE.

AL HERTER IN A SNOWY MAGICAL MANHATTAN.sc002b46ed2

MEET ‘THE MILLIONAIRE NEXT DOOR’ NYC, 12/12, STARTING AT 7:30P

In Uncategorized on December 10, 2008 at 18:29

AL HERTER  WILL BE SPEAKING THIS FRIDAY THE 12TH . HOSTED BY WWW.REFINERY29.COM  AT THEIR OFFICES AT 79 LEONARD ST., BETWEEN BROADWAY & CHURCH IN LOWER MANHATTAN.

 

FIRST TIME IN THE U.S.A. THAT PRIVATE INVESTOR AL HERTER WILL SHARE HIS OVER FORTY YEARS OF INVESTING IN STOKS/BOND, MUTUAL FUNDS, REAL ESTATE AND MORE.

 

HE HAS GIVEN THIS TALK YEARLY IN PARIS SINCE MARCH 2005.

GO TO WWW.MONEYMATTERSFORWOMEN.ORG FOR A SHORT BIO/FOTO OF HIM.

 

TEN BUCKS AT THE DOOR SPACE PERMITTING. FIRST COME FIRST IN. MANY HAVE ALREADY SENT IN THEIR CHECKS TO SECURE A SEAT AT THIS SURE TO BE FANTASTIC EVENT, ESPECIALLY GIVEN THE FINANCIAL MELTDOWN THAT GROWS DAILY.

AL WILL TALK FOR AN HOUR, AND THEN WILL DO Q. AND A. FOR TWO HOURS.

SEE YOU AT REFINERY29 OFFICES: 79 LEONARD ST. SUBWAY Q , N OR THE 6 LINE TO CANAL AND BROADWAY.

PROGRAM BEGINS PROMPTLY AT 8PM !!!!!

BE THERE OR BE SQUARE. SEATING LIMITED.

MEET ‘THE MILLIONAIRE NEXT DOOR’ -PARIS, 19TH SEPT. 2008. BENEFIT FOR HANDICAP INTERNATIONAL

In Uncategorized on December 10, 2008 at 18:17

paris-seminar-3paris-seminar-4paris-seminar-5

The Money Issue- April 24th 2000

In Uncategorized on December 10, 2008 at 15:40

sc0003ea40

Live from Wall Street. JUMP YOU FUCKERS!!!!!

In Uncategorized on December 10, 2008 at 15:31

sc0003864f

Some Pearls of Wisdom Learned Along the Road

In Uncategorized on December 6, 2008 at 16:01

1. BUY LOW, SELL HIGH. (OR PERHAPS NEVER SELL, JUST HOLD ON.)

2. INFLATION= CASH IS TRASH. DEFLATION= CASH IS KING.

3. LEARN WHEN TO HOLD ‘EM AND WHEN TO FOLD ‘EM

4. THINGS ARE RARELY AS GOOD OR AS BAD AS PORTRAYED IN THE MEDIA

5. YOU’LL NEVER GO BROKE TAKING PROFITS.

6. BULLS AND BEARS EAT. IT’S PIGS THAT GET SLAUGHTERED.

7. MONEY IS THE WAY WE KEEP SCORE ON WALL ST.

8. DOING NOTHING/ BEING NEUTRAL IS ALWAYS AN OPTION.

9. YOU’LL LEARN MORE FROM YOUR MISTAKES THAN FROM YOUR WINS.

10. PREREQUISITE TO TRADING OPTIONS OR COMMODITIES? A STRONG DEATH WISH!

11. BUY STRAW HATS IN DECEMBER AND SNOW SHOVELS IN JULY.

12. NUMBER OF TIMES I’VE BOUGHT STOCK ON MARGIN? NEVER!

13. WALL STREET IS THE ONLY PLACE WHERE  WHEN THINGS ARE ON SALE, THERE ARE NO TAKERS.

14. YOUR INVESTEMENT STRATEGY SHOULD BE BASED ON SLEEPING WELL OR EATING WELL.

15. READ THE ONLY INVESTEMENT GUIDE YOU WILL EVER NEED, BY ANDREW TOBIAS. DEDICATION: “TO MY BROKER- EVEN IF HE HAS, FROM TIME TO TIME, MADE ME JUST THAT.”

16. TRY SIMPLE LIVING. “WANT LESS!” USE SAVINGS TO INVEST AND WORK FOR YOU. MONEY MAKES MONEY, THAT’S WHY THE RICH GET RICHER.

March 15th 2006-EMAIL MSG. I SEND OUT ONCE A YEAR PREDICTS COMING MARKET COLLAPSE & BURSTING HOUSING BUBBLE, BIG TIME! THREE YEARS AGO. NOT ONE WORD CHANGED.

In Uncategorized on December 6, 2008 at 15:36

sc003cc6b8

Sent: Wednesday, March 15, 2006 4:03 PM
Subject: THE PIPER IS COMING AND WANTS TO BE PAID. YOU WELL PREPARED FOR FINANCIAL RECKONING DAY?
The set-up:
Herald Tribune, March 13th, 2006.   A few tea leaves to read.
 
Investing (pg.15), by Matthew Lynn, ‘Failing vision for Oracle of Omaha?’
 
LONDON:
‘Nobody can argue about (Warren) Buffett’s track record. Many investors have made money sporadically, but almost nobody has done so as consistently as Buffett. You do not get to be theworld’s most respected investor without HAVING A FEEL FOR HOW THE MARKETS ARE MOVING.’ (emphasis mine)
 
Economic Outlook (pg.15). by Simon Kennedy. ‘Huge U.S. trade gap is hot button for G-10.’
 
PARIS:    ‘The U.S current-account deficit….reached a record 6.5 percent of gross domestic product in the first quarter of 2005, and annual figures scheduled for release by the Commerce Department on Tuesday are set to show it EXCEEDED $800 BILLION!   FOR THE FIRST TIME LAST YEAR.
The trade deficit….widened to a record $68.5 BILLION! IN JANUARY!  THAT MEANS THE UNITED STATES MUST ATTRACT $2.1 BILLION OF FOREIGN CASH DAILY!!! TO PLUG THE GAPS.
 
Toward the end of his tenure, (Alan) Greenspan argued that “At some point foreign investors will balk at a growing concentration of claims against U.S. residents”–
 
AND THERE’S MORE:
 
“For homeowners spending their equity, the party MAY (?) be over,” be Matthew Benjamin.
 
WASHINGTON:   ‘U.S. homeowners…pulled a record $279 BILLION! in CASH! out of their houses last year through refinancing and home-equity BORROWING.
This year, home-equity extraction is expected to drop 50 percent….
Incomes and credit-card borrowing are NOT rising enough to compensate, meaning U.S. consumer spending will slow, holding back economic growth in the U.S.
“We’ve been sustaining consumption by taking money out of housing,” Joseph Stiglitz, a professor at Columbia University and recipient of the 2001 Nobel prize in economics, said.  As home borrowing cools, “we will not be able to maintain the increases in consumption that we need to sustain growth at 3 or 4 percent.”‘
 
HERE’S WHAT I THINK:
 
Inflation is coming down the pike as sure as g_d made little green apples. GUESS WHAT THESAVINGS RATE HAS BEEN FOR THE LAST FIVE MONTHS IN AMERICA? Answer is below. What’s your guess?
 
Record deficits, record red ink in Washington, China and India poised to clean our clock and then some. WAIT TILL THE JAPANESE AND/OR CHINESE DECIDE TO PULL THE PLUG AND WANT TO BE PAID THE DEBT THEY HOLD.
 
You borrow a buck from me, then I ‘own you’ till you pay me back.
YOU BORROW A MILLION DOLLARS FROM ME?
YOU OWN ME UNTIL I GET PAID BACK.                  Think about it!!
 
The Japanese and Chinese own us.   And this party can’t last forever. Tax cuts, a $400 BILLION Afghanistan / Iraq War bill—$30 billion per month, $100,000 per  minute!!!!!!!!!!!!!
 
This can’t go on folks. No way. And governments have often been successful at paying off debt with ‘funny money’ //// read: INFLATION.
Remember during periods of inflation cash is trash. Hard assets, investments tied to inflation, real estate bought ‘smartly’.
Today I’ve got half my assets in the USA–Fidelity Select Medical Equipment & Fidelity Software, two areas I think where the USA will still have an edge.
Bought Med. Equip. after Blue Cross paid Columbia Presbyterian Hospital $50,000 for my two stents and a 43 hour sojourn there. SOMEBODY IS MAKING A LOT OF MONEY.
Both bought Aug. 1st, 2005. Med. Equip. +2%, Software + 13%.
 
Other half of portfolio was invested Dec. 8th, 2005.
Equal amounts into five Fidelity funds after about an hour  at the Investor Center on Madison Ave. and 76th St., across the street from the Carlyle Hotel where both Jack and Bobby had many trysts—their father owed the joint!
 
Here are my five picks and the per annum return since I bought them about three months ago, all Fidelity (toll free number from France: 0800 90 10 43):
 
Nordic–                             +45%
International Discovery–  +43%
China Region–                    +32%
Capital Appreciation–       +23%
Global Balanced–               +16%
 
That’s all folks. Buy low, sell high.
THE SAVINGS RATE THE PAST FIVE MONTHS HAS BEEN NEGATIVE……………PEOPLE ARE SPENDING MORE THAN THEY ARE EARNING.  READ THAT AGAIN……… you’ve seen this once before in your lifetime? He who fails to remember………….
 
BONNE CHANCE,
Al
 
‘Want less!’, Wendell Berry, poet & farmer.
‘What goes around, comes around.’
‘We must learn to be still, and still moving.’ T.S. Eliot