What is Your Net Worth?

[C.P.]

I do take hand outs and old clothes, for the record.

I resell them turn a hefty profit and fleece America.

 

[GreenDoberman]

I'd be willing to bet that over 90% of the posters on here could not accurately calculate their net worth.

Not that there is anything wrong with that, just that people do not take record keeping and finances as serious as perhaps they should.

 

[joeyfitzclick]

Went from approximatly $1.25m to about -250K in just under 4 years.

 

[Mr.Smith]

"Whatever I finds, I keeps" and "Let me go check in my couch" should have been options for gamblers.

 

[bullets]

Went from approximatly $1.25m to about -250K in just under 4 years.

I almost feel the pain.

Close to 750k to around 300k in one year.

I went back to work in January. It sucks.

 

[Huego]

why are you guys gambling if you have a negative net worth? lol

 

[Seymour]

Went from approximatly $1.25m to about -250K in just under 4 years.

You spent too much? How?

My brokerage is down alot but I'm hoping that some day the market rebounds.

 

[NES]

If you dont count my boner and baby hand about $5.

Chopsuey

 

[oldirtyku]

Went from approximatly $1.25m to about -250K in just under 4 years.

Hookers and blow will do that to ya...

 

[quinnsft34]

FZ you should have 2,000,000.00.00 as a choice in case NEWLEYWED wants to play

:lolBIG:

 

[barman]

I can't reply to this Poll for another five days....but will be right on it then.

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[barman]

Went from approximatly $1.25m to about -250K in just under 4 years.

Joey'sGoodBuddy about 4 1/2 years ago: Hey Joey, I got this Great Idea! Let's open a restaurant!

 

[joeyfitzclick]

You spent too much? How?

My brokerage is down alot but I'm hoping that some day the market rebounds.

I owned about $5m in real estate holdings in late 2004 and had approximatly $4m in mortgages (averaging about 75% LTV over all the properties) and a nice BR of about $250K in the bank/mutual funds/liquid asstes.

I still have about $4m in mortgages but the value of my holdings is now at about 100% LTV or slightly worse and my BR is gone.

Basic math.

 

[joeyfitzclick]

Joey'sGoodBuddy about 4 1/2 years ago: Hey Joey, I got this Great Idea! Let's open a restaurant!

Ironically the restaurants have paid my mortgage the last 1 1/2 years.

 

[Dante]

> $2,000,000

 

[barman]

Ironically the restaurants have paid my mortgage the last 1 1/2 years.

Cool. Happy to have my imaginary diagnosis corrected. Mortgage holdings often have potential to rally back while unprofitable restaurants close.

 

[GreenDoberman]

I think with found a new nickname for Joe, "The Irish Donald Trump".

 

[silver7]

I Hope You Aren't Taking

So far 1/3 of respondents have negative net worth, pretty scary!

this thing seriously. I'd say maybe 20% did and really put up a legit #. BTW who cares? At my age my net is limitless. As I have 100 times more $$ than I know what to do with, as I actually am able to do very little. Compared to just 20 yrs ago. Right now, food, housing, & gambling. The rest does and will go to my kids, probably soon, the way I feel. Just 6 days till KO. That unfortunately is my horizon. But I have to say that at this stage of MY life I'm as content as I've ever been. Long answer to a simple Q. But you always get that from me. The guys that have known me for the 8 yrs I've been here know my history. BTW 8/23 32 yrs w/o a bump.

 

[Fishhead]

why are you guys gambling if you have a negative net worth? lol

y

Why NOT is a 100x better question.

If one is a BAD gambler, better that person has negative net worth rather than say 39,000.

Protect your lead

If your in the hole, you have absolutely nothing to lose.

 

[VIEJODINOSAUR]

y

Why NOT is a 100x better question.

If one is a BAD gambler, better that person has negative net worth rather than say 39,000.

Protect your lead

If your in the hole, you have absolutely nothing to lose.

Actually called the Railbird Method....:drink: