Actually I do follow the IRA's quite closely.
I also follow the trillions in ETF's that are based on nothing that will
destroy the IRA.

A question?

What is the opposite of overvaluation?

Now that you have sold one home for 45 percent of its value, and your IRA
has gone to zero (soon), what will you do with your current underwater
mortgage?

How about if the rent that the investors who bought your home is more than
what you make because we have sent your job offshore?

Look far out into the future steve.
And then work to change it unless of course you want to see those things
happen?

I too made my career fixing things that others couldn't fix.
I even talked a VP out of setting up its own shadow IT dept when the
existing one was not meeting the needs of the company.

Problem is, I don't have the credentials to get back into the game, and yes,
I am working on that by going to school full time at http://www.acot.edu

I do have a reference that is familiar with my work that works where Ed
works in case you want to verify that I was doing what you are now almost
ten years ago.

Like you, I thought I was ten foot high and bullet proof.
Sadly I have learned the hard way that until we can find a way to reverse
what I wrote about in that article, it will happen to more and more of us,
which includes you steve


-----Original Message-----
From: ProFox [mailto:[email protected]] On Behalf Of Stephen Russell
Sent: Wednesday, April 24, 2013 10:25 AM
To: ProFox Email List
Subject: Re: [NF] The Tech Industry's Darkest Secret: It's All About Age

On Wed, Apr 24, 2013 at 8:48 AM, Virgil Bierschwale
<[email protected]>wrote:

> Funny, I would consider you to be a senior engineer at this point.
>
> Near as I can tell you are still developing?
>
> That sadly tells me that people like you are on the way out.
> --------------
>

Not with this employer.  Funny thing is that I am the progressive developer
who is looking to do what we do in a more modern way as we re-vist our older
apps and determine if a better way exists in doing the same work using our
ERP system as the system of record.

Also looking at the termination of the PC and how will we be poised as this
happens.  Can the IT department make alternatives happen that our
salespeople can use in getting more partners?

I am pushing my adoption of HTML5 style of coding yet everyone else in the
department codes like VS2005 is da Bomb!

Point made is that you can't get too comfortable in the Tech industry.
This is the Rip Van Winkle environment that forces you to attempt to stay
current in How things are done.  You don't have to be the code monkey all
the time.  Actually keeping the monkeys from throwing shit all over is hard
enough.

Senior people learn that owning Build and Test is fantastic.  Working in an
agile framework is awesome even if your manager says "I need to see it in
Project"

If your retirement is based on selling your home you missed vital
information 20 years ago.  Google IRA or Roth IRA.  The key is diversity,
not all the eggs in one basket.  Try the fund FBIOX a Fidelity Select
Biotech no load fund as one that is making some good gains the past 2 years.

So the problem is overvaluation?  I feel that asset XYZ is worth X and the
market has it's value at (X /119)*100

Is this because people will not take off their sunglasses?  Did a massive
change happen in a community and the foundation for that business is no
longer present?  Did the business owner attempt to make massive changes with
respect to change or did they just hope it would fix itself?

My mom was an ostrich and taking over her assets after her death all I can
say is why didn't you or we do better?   I gave away a home at 45% of
market value to a flipper because there was so much wrong with the house
that I couldn't do it from 1000 miles away.



--
Stephen Russell
Sr. Analyst
Ring Container Technology
Oakland TN

901.246-0159 cell


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