MMM-037: Petersburg Payout
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I’ve said it before but I have no problem saying it again, THANK YOU! for nominating the Mad Money Machine as the only investing show to be so nominated as Best Business Podcast at PodcastAwards.com!
But being nominated don’t mean a thing if I can’t continue bringing the goods!
Meet me at the Podcast Expo in Ontario CA on 29 and 30 September 2006.
Vote for the music you think should be played on the MMM.
You can hear the replay of Cramer on Imus here:
http://www.wfan.com/imusinstantreplay
and click on the 18 August show.
It runs 11 minutes, 18 seconds.
Does SPAM work? Apparently so!
Real estate prices drop 50%? Great! Lower Taxes!
The Petersburg Payout game is discussed and the coin is flipped.
My take on Step 4 of the 12 Step Program for Active Investors: Don’t Scream
Our Guru this week thinks my award is worthless.
Stocks I own: MSFT, NEW, PCU, FDG, MA
Lipton Cold Brew Iced Tea, only $1 a gallon! (including the Splenda)
This week’s Tool in the Crib helps you become a Boglehead.
I cashed out the August 30 Petersburg Payout game at Inkling Markets. Did anyone really make any money?
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Download the show directly MMM-037.mp3
Music from the Podsafe Music Network:
Runaway Train – Under Feather
Don’t Scream – Stereo Suite
Money – Theory in Motion
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Useless info stuck in my head I have to get out:
Comment on your tax bill going lower based on home values going down 50%:
Everyplace is a little different but usually they get you tax bill by taking your assessed value * tax rate. The tax rate is found by dividing the tax levy (amount of money they want) by the total equalized assessed value that remains (less exemptions like homestead or seniors). Anyway, if the whole city had the properties values lowered they would change everyone’s assessed value with a multiple usually different for each township (I have never seen a negative one but it’s possible) lowering all values by 50% in this example. I know, what’s my point… If everyone’s values decreased, however unlikely, the taxes would stay the same because the tax rate would go up to cover the funs needed so your tax bill would not go down.
I feel so much better now…
Yep, as soon as I uploaded the show I realized that I forgot to point out that the gobmit is gonna getcha anyway… just raise the rates.
I’m glad you feel better… I’m starting to feel worse!
Have a great Labor Day weekend.
I have never heard of Frank whatever his name is before he came up on guru roulette. However, I have heard about the MadMoneyMachine and Paul Douglas Boyer. I guess I don’t get out of the clubhouse much.
Keep up the good work. Glad you are back from your break and bring on the big media.
-Mojojojo103
Hi Paul,
I truly enjoy your Podcast’s lightheartedness Financial In$ight.
Since you touched on real-estate (MMM-037), I thought you’d appreciate this link. http://patrick.net/housing/crash.html
Keep up the excellent work. You have my vote!
Robw
That guy Frank is typical of the old “new media” types that are all over the place. He’s too hip to not have a podcast, but old school enough to rip on anybody who might take it seriously. If he only knew that I never bothered to subscribe to his little podcast until you mentioned it…actually, maybe that was what he hoped to accomplish…
Paul,
The “secret” tool involving Action Alerts Plus…well, it no longer works. You may or may not have realized this yourself, but I just realized it and thought your listeners might appreciate the heads up. It was a great tool indeed while it lasted and I thank you for the tip.
Love your show, please keep it at it!
Pigiron
Suggestion: Add Jean-Marie Eveillard to Guru Roulette. Cheers!