Porsche 911
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[quote=remotecontrol] When the young brokers start buying Porches the market is about to crash. [/quote]
Wisdom and common sense has returned to these boards.
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BTW, there's no "poor taste", "short-sightedness" or maintenance headaches involved with owning a Porsche. They're very reliable and a great everyday driver AND track car combination.
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And Morgan Stanley is a world class firm...... Your credibility is close to zero on these boards.
Depends on how many miles you are going to put on it. If you purchased
new or used. If you could buy a 3+ year old Porche from someone in
financial turmoil with low miles for a good price. With zero debt, a
comfortable cash position and long term financial goals on target
(realistic projections), you have a sweet toy that could actually appreciate
in value. Unfortunately a 99 Buick won’t do that. I would almost advise
my clients to purchase one. It’s a hell of a lot better than their
nondeserving kids to be handed an estate they didn’t earn to pay off all
their crummy debts.
[quote=Soothsayer]
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BTW, there's no "poor taste", "short-sightedness" or maintenance headaches involved with owning a Porsche. They're very reliable and a great everyday driver AND track car combination.
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And Morgan Stanley is a world class firm...... Your credibility is close to zero on these boards.
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For all its warts, it is, in fact, a world class firm. I don't even see where that's an issue with any rational person. I'd be happy to discuss your firm, if you like.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
As to your problems with people who drive nice cars, well, I'm not going to waste time trying to help you out of your feelings of inferiority that feeds your irrational anger on the subject.
[quote=GoodTimes]Depends on how many miles you are going to put on it. If you purchased
new or used. If you could buy a 3+ year old Porche from someone in
financial turmoil with low miles for a good price. With zero debt, a
comfortable cash position and long term financial goals on target
(realistic projections), you have a sweet toy that could actually appreciate
in value. Unfortunately a 99 Buick won't do that. I would almost advise
my clients to purchase one. It's a hell of a lot better than their
nondeserving kids to be handed an estate they didn't earn to pay off all
their crummy debts.[/quote]
As much as I love them, I have to disagree with you. You can buy a 2, 3 or4 yr old Porsche (or even older) that's been treated like gold by its prior owner. People tend to take extremely good care of them, and they are very reliable (although normal services tend to be expensive, but not in the exotic car, like Ferrari, range) for daily driving and track use. OTOH, it’s really only a handful of Porsches that come close to appreciating, and those tend to be the older, limited production models that probably aren’t the best bet for daily driving anyway.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
If you want some less expensive (but not cheap) Porsche fun, look for a couple, three or four year old Boxster S, for somewhere between $20 to $35K. It will continue to depreciate as any car would, but the biggest bite has already passed.
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For all its warts, it is, in fact, a world class firm. I don't even see where that's an issue with any rational person.
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Just what was the payout, spiff, and service fee to sell that fabulous Morgan Stanley American Opportunites fund (in the "no load" Class B form, or course)? Because, I swear that I can't ACAT an account from your fabulous firm without seeing that turd in there. I would love to relay a true story about an experience my mother-in-law had with your firm and her illustrious "team of experts." The three of them together were about as smart as the pile of landscaping rock sitting in my driveway. Suffice to say that after hiring an attorney, some inquiry by the California AG"s office, and the threat of arbitration upon them, this "team" and their manager came around to my way of thinking. I can tell you this, Mike. The trade in question would have never, ever, ever happened at my firm.
'Cause you drove a Hyundai to get here tonight, I drove an eighty thousand dollar BMW. That's my name.
That watch costs more than you car. I made $970,000 last year. How much you make? You see pal, that's who I am, and you're nothing. Nice guy? I don't give a shi*. Good father? Fu*k you! Go home and play with your kids. You wanna work here - close! You think this is abuse? You think this is abuse, you co*ksuc*er? You can't take this, how can you take the abuse you get on a sit? You don't like it, leave.
Blarmston- it's classic GlennGarry GlennRoss lines. Just like some of the egos on this board-
You can always join the Porsche Club of America.
http://www.pca.org/
Then you’ll have a whole new group to prospect. Members are
required to own a Porsche which almost prequalifies everyone there as a
good candidate for a new client. Of course, for those with even
more money to spend there’s always the Ferrari Car Club…
GGGR movie clips here as well as others.
http://www.killerclips.com/util/search.php
Speaking of hot cars and their drivers: Back in college, I drove a 1978 stick-shift Toyota Corolla. One time, when stopped at a red light, a sports car pulled up alongside. So, just for fun, I started reving my engine and then he started reving his, too. There we were, two cars just itching to see that green light and take off.
While I waited for the red light in front of me to switch to green, the other driver watched the green light to flip to red (on the cross street). He was hoping to get a jump on me.
When the green light flipped to red, he jumped out into the middle of the intersection and slammed on brakes. Seems our light hadn't flipped to green, yet. (Some kind of delay.)
The other driver then put his car into reverse, back to where I'm laughing my ***-off.
[quote=Soothsayer] [quote=mikebutler2222]
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For all its warts, it is, in fact, a world class firm. I don't even see where that's an issue with any rational person.
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Just what was the payout, spiff, and service fee to sell that fabulous Morgan Stanley American Opportunites fund (in the "no load" Class B form, or course)? Because, I swear that I can't ACAT an account from your fabulous firm without seeing that turd in there.
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You’re absolutely right, Sooth, MS is the only firm on the street with any dogs in it’s proprietary fund family (although I don’t know what “spiff and service fees” refers to, all fund families pay the same in the same share class, and you must know that B shares aren’t no load) and it’s the only one to have a hack or two in its ranks.
I’m sure everyone in your unnamed firm makes you proud to be their peer and your firm’s record with regulators is perfect.
BTW, I don’t do funds so I had to look up the one you mentioned, but here’s the data and I’ve seen worse.
http://www.morganstanleyindividual.com/markets/fundcenter/mo rganstanleyfunds/factcards/AOF.html
[quote=Soothsayer]
I can tell you this, Mike. The trade in question would have never, ever, ever happened at my firm.
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Well, again, I'm sure you're right, even though you didn't detail the "trade" at issue or the name of your firm, the one with the perfect disciplinary record with the regulating agencies....
I’m still curious though, what does this tirade had to do with the stereotypes you hold (obviously inspired by anger stemming from your inferiority complex) against people who drive nice cars?
Liquid.. Kick some A$$. Actually you already do.... If one makes the money they should buy any thing they want. If one works for any company and makes good money, more power to them..
Why do people here have such issues with other firms. Who cares.. If you don't like them give better service and steal their customers...
Who am I, who freaking cares, but this crying does nothing for anyone. Maybe some have had bad experiences, but why yap about it for 10 years.
regardless if liquid is right, no man who has a drop of self esteem would allow himself to let loose like that (but then again, this is the internet so you can’t judge that tone). some of you guys need to chill out.
You guys it's just a quote from a movie. It's not like those are my words or tone. You just may not have seen the movie. If you did, then you would understand. I was using the quote as a joke, cause it seems like some of the people here actually do talk like that.
I thought the quote was pretty good...and I would have liked the movie better except I just get sick of all of the profanity. Frankly, I think it's way overdone in many movies and I'm sick of it. I slip up once in awhile, but I have become proficient in saying a sentence without the obligatory $%#&@ and &*%@# in each and every one. I'd like to think that's a sign of maturity.
(steps down off soapbox)
Now, let's end this hijack and let the guys and ladies discuss fast cars, OK?!! EZ...you get you Porsche?
bah i am terribly sorry I can be an idiot what can I say. it wouldnt happen to be glenn gary glenn ross would it?
[quote=liquidasset]
You guys it's just a quote from a movie. It's not like those are my words or tone. You just may not have seen the movie. If you did, then you would understand. I was using the quote as a joke, cause it seems like some of the people here actually do talk like that.
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Those lines, that 5 minute segment, explains Alex Baldwin's otherwise hard-to-understand career and stardom. He was amazing (but only because Mamet gave him such incredible lines).