can say this and please don't take this lightly.... I FEEL really GOOD about this week... I had one of those days that I got information that was great and I even feel good about a date and rate...
[TwtyFn25] BWM, date and rate?
[BWM] You won't hear me put that out here but I feel good about it....
[BWM] 12wait - I've talked to a couple of folks today... most seem to be pretty happy IMO
[BWM] HeIsFaithful there has been a great deal of information discussed today... and I do believe there has been a number of confirmations in regards to intel... there is somewhat of a divergence in rates and date... but none of it seems worth arguing about at this point
[BWM] I don't think there is anything you will be disappointed about..
[BWM] RVPlease numbers going two different ways... but confirmations on both sides so we'll see how it comes out... and we'll know how to proceed from there... either way it will be great
[Barck] BWM How can you have too much conformation??
[BWM] Barck usually you get one or two things then the same number against or more... but no matter the confirmations that came in they were still good
[RVPlease] BWM ok so confirmations don't equal truth or fact then, confirmations just means you're hearing the same thing from more than one source?
[BWM] RVPlease the TRUTH is we won't know what is really that until it happens.. so until such time we will go with what we believe and have faith that we have made the correct choices
[Midnight] BWM It soungs like you are talking about the rate, but how about the date? Early this week, by end of week, by end of month? IYHO???
[BWM] Midnight I have my mind set on what I believe from what I know... it really doesn't do us any good to speculate... I believe we are close yes...
[bahamamama] BWM Do you think this will happen before July?
[BWM] bahamamama why "july"? why not may? I think we start looking too far away before we've given EVERY opportunity for it to have happened anytime
[Midnight] BWM TY, I am sure what you believe has much more value tahn me and most others. That is why I still would love for you to define close if you feel comfortable to do so.
[BWM] Midnight I just think when we get into putting out a time and day it puts undue stress on every room for the countdown to start... we can't "hurry" it along by putting it out there... and I would hope that we have planned well enough that we can accomplish what we need to do... soon in my book means you can continue to look for it... otherwise, I'd say I don't see it for a particular time
[bahamamama] BWM July is when I go on vacation and just wanted to know what kind of vacation to plan. I, as we all, would love for it to happen sooner. Thanks again for all you do for us.
[BWM] bahamamama plan for what you think you can afford and then be pleasantly surprised... what better gift could you give yourself
[BWM] waiting4rv I believe in the next time I believe it will happen until that passes and I start looking for why it didn't... I refuse to say "september or some other time well away" just because I don't have faith in something someone has told me or I'm frustrated because it hasn't happened yet... otherwise, I'd write a book and hope ppl would keep buying it til then...
[drizz] BWM ~ What's the deal with the 'new US Treasury Currency revaluation and transformation from the Federal Reserve' that jonnywg and BellaGrits wrote about in their most recent post? If you know ~~~ thanks
[BWM] drizz there will be changes from what I have heard altho I don't think IMO that some of the changes will be as sweeping as some may think... the timing with elections and such will make many take a second look at how things have been written into things
[Midnight] BWM TY again and of course you are right. I have let my emotions go on a roller coaster with other guru's predictions. I just can see how they can keep dragging this on. But there is a lot I and probably even you don't know.
[BWM] Midnight there is so much that changes in information.. this is why I have been so hesitant to post many things I have heard even tho others have put some of the same info out... I just wasn't comfortable with the information as it was presented vs. what I believed
[beachdreaming] BWM me personally i am just truly grateful to be in this investment! I cried this morning at church b/c I know the blessing that is coming and I know that we were all specifically chosen to be here.. just an amazing grateful feeling.. :)
[BWM] beachdreaming there should, could, hopefully WILL be so much good done with this...
[mimi2] BWM What is your position about investing in foreign currency? If you have addressed this, I apologize. Just came in room.
[BWM] mimi2 I believe it will be a good opportunity for those that are careful in their strategies... the biggest question I have is how the devaluation of certain currencies may affect others...
[cib] BWM - hi Bubba, First I want to say TY for all the time, effort and energy you put in here, helping us learn, understand and stay grounded. :acornhello: . 2nd, IYO,is it better for us to exchange one dinar bill initially, or all investment at once? TY again BWM
BWM] cib thanks for your support... I think IF you are comfortable with the arrangements of your bank(er) then you can proceed carefully... my strategy has changed somewhat... I want to get cashed out and into one account and will distribute from there... to give myself time to evaluate how things may change without worrying about dealing with any more cashin scenarios
[BWM] mimi2 look to see what the dollar does... if it strengthens quickly then it would be a good time to get into other currencies because of the exchange value...
[billuke] BWM are you thinking of cashing out everything at once?
[BWM] billuke if that rate is over 6 you can take it all... but I promise you I will get the BEST rate I can before I commit it all...
[Bigdog55] BWM are you thinking there will be a time limit on cashin before rate could drop
[BWM] Bigdog55 I think when we see the rate we will know immediately
[RVPlease] BWM do you have a minimum rate you're expecting. If so, care to share?
[BWM] RVPlease I have always built my plan on about 4 dollars give or take a bit... that has changed slightly with the change in the amount of dinar I held (had to sell some sadly last year due to finances) but I trust that God will provide what I need to do the things I have been led to do
[tater_tot] BWM - thanks for all your time and efforts - I know you don't do "rate & date", but are you thinking all is 'good' right now - as far as it 'might' happen any time now?
[BWM] tater_tot I posted last night... I have that info in my mind... and I feel very good about it... and I really feel good about things
[firefixer] BWM, question , if I only invest in the USA, I will have no effect on a " devalue" dollar effect correct?
[BWM] firefixer the "devalue" for us will be the buying power... which may or may not be reflected in pricing and such... the thought process would be that prices would go down as the value decreases... but then again, inflation will be involved also.. so we'll see how it proceeds... I just don't share some of the same catastrophic ideas that some have about the complete failing of the dollar.. would cause us to be a third world country... don't see it IMO
[northstar] Midnight, I agee with that thought, as the USD devalues the price of goods goes up of course so the advise that some gurus are saying not to buy for 6 months makes no sense to me. I think buying solid performing realestate post R
[BWM] northstar simply my thought is don't buy something that you don't want to have/keep for 12 months to be safe...
[firefixer] Real estate will never be worthless......... Fact!
[BWM] firefixer if you are looking for long term real estate investments... there may never be a better time depending on your area
[northstar] BWM I agree, dont spend foolishly for something that has such a short life span or devalues quickly. Commercial realestate with fixed income will help to recover initial investments asap and provide income for future generations, afterall how much $ do we really need to be happy?
[BWM] northstar I considered it... but I just don't want the headache of maintence and such... at least for me
[Midnight] There will also be foriegn investors in to our realestate and previous dinar holder investors. Making real estate difficult to predict.
[BWM] Barck Midnight there will also be amazing opportunities in depressed areas for those that purchase real estate for businesses... many city governments and others bodies will offer tax breaks and such for implementation of some of your plans
[northstar] BWM thats when you hire a management company to cover those headaches lol! I dont want to buy a job either, just create them!
[BWM] northstar that is just not my expertise... I don't want to depend on someone else for handling the circumstances that I can't at least have checks on for my own benefit
[Midnight] BWM I agree there may be bargains, but it will only be a good investment if you can get a return or dispose of the asset at a profit in our lifetime
[BWM] Midnight I'm referring specifically to a location that i already want... and giving the city fathers an option... IF i buy the empty building downtown and bring a following for something I plan on putting in that location OR moving it to another location building my own building OUTSIDE where they would have jurisdiction... they have offered a serious compromise to have me put it downtown
[BWM] tax breaks, etc.
[dietcokeandice] BWM interesting---I heard of this being done in downtown Durham to bring business back downtown---But I thought it was a super rich person hey that can be ME
[BWM] dietcokeandice there were a number of buildings owned by a doctor who lives several hours away... found out he had been wanting to get out for some time... but wanted to get rid of several connecting locations... that are actually rented out now... so investment opportunity that I can get ALL the buildings AND let me pay me back while I develop and eventually as they vacate implement my plan for future development
[Midnight] BWM Most governments, local and states will give a tax break for a period to bring business and jobs. You are tsking a good first step but that alone what guarantee a good investment
[BWM] Midnight no but having done my homework.. I already have competing locations.. and will see which offers the best deal going forward
[dietcokeandice] BWM Although I don't know you personally I do know you are a giving person and that always comes out on top so May the Lord Bless you and yours
[BWM] dietcokeandice I'm also building in 15 years of budget into the initial principal... the reason being that I will run this for that time regardless of concerns for stability but wanting this to operate as a "break even" business... realizing that it will be funding my insurance and "taxable" income amounts
[BWM] my business model has much more than profit in mind (that is actually NOT the purpose) but to provide strong, local jobs in an environment that is enriching and provides the best insurance and wages that I can possibly do for the employees... and bring a sense of pride and an attraction to the local community not only in jobs but in visitors to the city and local businesses... a partnership with the area
[TexasT] At one point some of the intel guru's were saying don't cash out at dealers, only cash out at banks because the tax structure could be diffrent,,,do you have any opinions on that please?
[BWM] TexasT I don't think taxes will have anything to do much with that... I think it's more about the rate... you have seen the "market" rate advertised by the dealers... but the understanding we have a possibility for the UST to have a higher rate means that we believe the banks should be able to offer a higher rate... we shall have to see once it's posted
[wisewarrior] BWM are you new to rental properties?
[BWM] wisewarrior I won't be a rental owner except for the properties already rented when I buy one... haha and when those get vacated I have new ideas going in