Just wait for the next train.

If I were in a position in which I had a great deal of free capital right now, I would not try to chase the speeding train that has already left the station called Mr. Dow Jones.
Film actress Clara Bow, Jul. 7 1930. Bow was the original
I would not worry on missed trains. I would still stay in the station, nurse a nice cognac, have a nice Cuban cigar, watch the girls go by and wait.
There is always another train called the Dow Jones coming around the circuit once again, there is always another nice cognac, another Cuban cigar, another horse race, another girl.
People write me to ask:
“Having missed the train of Mr. Dow and Jones, what now to do?
After all, the newsgirls say, and very breathlessly too:
Oh, MY!!  the markets keep going up..everybody on the train of Mr. Dow Jones is getting so:
In the stocks exchanges!!
Just look at them go up!! leaving me to ask, how do I get my little bit of heaven?”
The market, as a general place, may continue to go up, even very much up.  The investment planning questions of the past two years and now more so are:
If you are really not now invested in the run up, where do you get the capital to get in, how much will it cost to get that capital and do you really want your buy in price to be at these current, very high, price levels?
My thought is:
Yes, the markets have been going up, now almost 5 years going..but what particular equities or other instruments do you now want to buy and at how dear a price?
Have you considered the tax implications on what instruments you have to draw down in order to get capital?
How much of a price to premium do you anticipate getting for your return on investment?
After what you liquidate of your current  holdings and pay the taxes and other fees that are due once you sell off your IRA or 401k or another instrument to get cash to chase the speeding train of Mr Dow Jones and have paid a very high price to premium to buy the equities or other instruments you want to buy on Mr Dow Jones’ train, how much money do you expect to get in net return on your investment, all these things considered?
A soldier of the British Expeditionary Force returns home, 1940 Photo: Ginger Stanley
You may say to me:
“Hey, wait a minute, son!!
Everybody else is getting rich today, where is my little bit of heaven?”
I say to you:
“Heaven does not have to wait, but if you are not rich and want to be rich, you must have a, very specific, plan about precisely what you want to buy, not merely listen to giddy newsgirls, reading news releases, about the collective generalities on board the golden train of Mr Dow Jones.
When you say you want to get RICH in the stock exchanges the first question I have to ask you is:
“Do you know anything about money, how it works, its relationship to credit, why it is ever true that, as we said when I was a boy:
“If you really want to see a RICH man, do not look at what he has..look at what he OWES.
More so than anything else, access to credit is what defines RICH.
pocket money 
If a man has access to credit, he doesn’t need much of what was in my day called “folding money,” at all.
If you do not understand that very basic dictum, don’t go to college and, please Jesus..do not chase Mr. Dow Jones’ Choo-Choo trains until you have figured out WHY having large debts is more the evidence of who is RICH than is having large capital accumulated.
 1950s BUSINESSMAN WITH BRIEFCASE IN AIR RUNNING AFTER DEPARTING TRAIN Stock Photo - Premium Rights-Managed, Artist: ClassicStock, Code: 846-06112366 
It is not what a man has…it is what he owes that most counts.
When we just miss a train and see it pull out of the station, we are annoyed, but we know that running to try to catch it is foolhardy.
authentic goodbye train kiss... classy.
Wait for the next train.
November 2003 event 012
  • The rich man ought not be taxed at all~~he ought be compelled to employ and train the poor man~~directly~~
  • ~~
    The principal need in America today is~~financial and industrial De-Globalization~~to facilitate the promotion of the possibility for the average man to get and keep a good job with good benefits paid by the employer~~as was done not very long ago.~~


    ~~Bene Nati, Bene Vestiti, Et Mediocriter Docti~~

    ~~La crema y nata~~


    ~~Artista de la conquista~


    ~~In sunshine and in shadow~~I hold tight to the Republican view of time and money~~I write night and day~~yet~~while impecunious~~I am vastly overpaid~~in that taking pay to do what I love is unfair~~to my employer~~in a fair system~~under such circumstances~~I should pay him~~not he me~~I am far, far too old a man to be sexually confused~~praise Jesus~~but I am yet young enough to be politically confused~~is anyone not~~in an absolute sense~~I am a Catholic Royalist~~in a practical sense~~I am a Classical Liberal~~a Gaullist~~a Bonapartist~~an American Nationalist  Republican~~in either sense~~my head is soon for the chopping block~~to hasten my interlude with Madame La Guillotine~~I write without fear~and without favor of~any man~~ 
    Finis Origine Pendet…
    The escape commences…
    September, 1957
    Saint Jane Frances de Chantal Catholic parochial school, called, by anyone of any background, simply: “Chan~al,” a place where, of an autumn day in 1957, school,  for me,  began and ended in the first convening of the first grade in which a tiny nun, one Sister Dom Bosco, appeared before me, just behind the window appearing at far left of this photograph, and piped out this: “I may be small, but so then, is the Atom Bomb.”
    My determination to escape school commenced immediately on hearing about this Atom Bomb business and took 16 dicey and arduous years to finally accomplish.~~
    Non Sibi
    The escape continues…
    September, 1966
    The Cathedral Latin School
    Finis Origine Pendet~
      ~~Κύριε ἐλέησον~~

    Rejoice and Glad!!




    ~The Original Angry Bird~~The Catholic University of America Screaming Red Cardinal Mascot~~



    ~~EX LIBRIS~~


    Thursday, 4th December,~Anno Domini Nostri Iesu Christi, 2014

    Website: http://johndanielbegg.wordpress.com







    Tweets: @jtdbegg

    "Jean-Marie Le Pen is a friend. He is dangerous for the political set because he's the only one who's sincere. He says out loud what many people think deep down, and what the politicians refrain from saying because they are either too demagogic or too chicken. Le Pen, with all his faults and qualities, is probably the only one who thinks about the interests of France before his own."~~
    French actor~~Alain Delon

    The Catholic University of America
    Logo of The Catholic University of America.svg
    Seal of The Catholic University of America

    Motto~~Deus Lux Mea Est~~

    The escape concludes…


    The Catholic University Of America, Washington, District of Columbia.


    1976, Anno Domini Nostri Iesu Christi.



    Acta Est Fabula.


    Deus Vult.


    ~~Our Ubiquitous Presence~~

    The Queen~~

    Our Ruler now 63 years on~~

    Simply the best President we could ever hope to have~~

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