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I mostly am a bond investor. I have two stocks: Google GOOG, -0.16% GOOGL, -0.21% and Amazon AMZN, +1.17% , and that’s all. And I plan to hold those because they are the government, as far as I can see. I’ll probably add to those as we go along. I’ve earned maybe $150 million in my career, and that’s not too bad. And of course taxes were very high in the 1970s — probably 70% or something like that. What I was trying to do was not lose the money that I had worked hard for. Back in the ‘70s I had a lot of 5 and 6 and 7% governments and of course as rates came down I made money. Then, we hit 2008 and it was just a mess and I took everything I had out of governments and invested them all in corporate bonds. Really good companies. And that paid off like crazy. Some of my money is still in corporates and some is now in preferred stocks and so I get a little protection against the market and also benefits from the market. And that’s worked nicely. I try to get, like, a 6% return if I can — 5 or 6%. That’s enough for me.
1 posted on 03/26/2019 8:26:14 AM PDT by SeekAndFind
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To: SeekAndFind

Good for him. “American Pie” is one of those love it or hate it songs. I tend to the former view but I’ve certainly read some bad reviews.


2 posted on 03/26/2019 8:28:39 AM PDT by Nothingburger
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To: SeekAndFind

Yeah, I remember getting 12% on a CD. Ah, the Carter days! Malaise out the ying yang.


3 posted on 03/26/2019 8:29:41 AM PDT by bk1000 (I stand with Trump)
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To: SeekAndFind
Very good song.

Anyone can make money in the stock market after having made $150 million

He lives locally and is a real a$$hole, beats his wife.

5 posted on 03/26/2019 8:31:32 AM PDT by New Perspective (Proud father of a son with Down Syndrome and fighting to keep him off Obama's death panels.)
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To: SeekAndFind
https://www.youtube.com/watch?v=hEcjgJSqSRU


6 posted on 03/26/2019 8:31:45 AM PDT by Yo-Yo ( is the /sarc tag really necessary?)
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To: SeekAndFind

One dollar for every word in that song.


7 posted on 03/26/2019 8:31:59 AM PDT by Borges
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To: SeekAndFind

Back when that song came out I was in HS. I knew every word of the long version lyrics...................


10 posted on 03/26/2019 8:43:13 AM PDT by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: SeekAndFind; dfwgator
I can't believe I beat DFWGATOR to this:

Kramer : Municipal bonds Ted, I'm talking double A rating. . . the best investment in America.

11 posted on 03/26/2019 8:44:41 AM PDT by DCBryan1 (Quit calling them liberals, progs, socialists, or democrats. Call them what they are: COMMUNISTS!!!!)
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To: SeekAndFind

Man, $150m seems like an awful lot for one, maybe two, well-known songs and playing to crowds of no more than a few hundred people.


15 posted on 03/26/2019 8:50:01 AM PDT by KevinB (If I'm ever arrested, I'm switching parties.)
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To: SeekAndFind

I hate ....not literally.....when young writers describe an era using modern PC narrative

Like many here I was very alive when this song came out.

It was not a sad time of loss for most

It was summer tween eighth and ninth grade for me.

It was the Age of Aquarius which even though cheesy was optimistic

We had recently landed on the moon and were still visiting

College unrest was chilling out and the radicals were underground or headed that way

Black marches were done pretty much and Indochina was winding down.

And thank God disco was still way off

I thought it was a good era, hardly what this writer who wasn’t there thinks

The song was sad but it’s basically an ode to dead rock n roll notables from when Buddy crashed a decade earlier which would have impacted a songwriter of his age

Over a decade ago in the 1960s meant another era the 60s being so wired for upheaval and so many major events

1971 was much further from 1959 than say 2018 is from 2006

When you get old you see these descriptions of your timeline of life being written by kids and you just shake your head


19 posted on 03/26/2019 8:57:34 AM PDT by wardaddy (Progressives are simply unhappy people attacking thesand e world rather than fixing these twmselves)
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To: SeekAndFind

As the Trump admin tried to take the field, the liberals and the Deep State refused to yield. Do you recall what was revealed the day the Clintons lost?


20 posted on 03/26/2019 8:57:52 AM PDT by irishjuggler
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To: SeekAndFind

I know when one interviewer asked him about the meaning of “American Pie” he said: “It means I never have to work again.”


21 posted on 03/26/2019 9:01:45 AM PDT by Boogieman
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To: SeekAndFind

It’s incredible that he is made so much money investing based on just one hit song. Hats off to him.


23 posted on 03/26/2019 9:06:25 AM PDT by plain talk
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To: SeekAndFind

He has young girlfriend, 25 year old Paris Dylan


24 posted on 03/26/2019 9:07:33 AM PDT by SMGFan
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To: SeekAndFind
I saw him in concert just last year, in a 300-seat bar in NYC. Here is American Pie from that night:

Don McLean - American Pie

28 posted on 03/26/2019 9:13:42 AM PDT by dead (Our next president is going to be sooooo boring.)
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To: SeekAndFind

“McLean says he’s made $150 million in his career”

If he started today he’d make about $150 bucks thanks to Google and Youtube commandeering copyrights when it comes to music which apparently Congress is perfectly fine with.


29 posted on 03/26/2019 9:16:19 AM PDT by GrandJediMasterYoda (As long as Hillary walks free, equal justice under the law will never exist in the USA)
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To: SeekAndFind

“When I grew up, gold was $35 an ounce and pegged to the dollar.

...

I think he’s referring to the Bretton Woods agreement which was a scam.


32 posted on 03/26/2019 9:24:39 AM PDT by Moonman62 (Facts are racist.)
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To: SeekAndFind

Don’s REAL genius was knowing that he had one good song in him and that the ride wouldn’t last forever.


33 posted on 03/26/2019 9:28:02 AM PDT by SJSAMPLE
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To: SeekAndFind

in 1970 I was about 20 yo, in the Navy, and living in Hawaii (NAS Barbers Point), and remember driving from the hangar to the golf course after work with that song turned up to 10 on my old Corvair’s radio. What a blast! Good times...


34 posted on 03/26/2019 9:29:40 AM PDT by Afterguard (Deplorable me!)
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To: SeekAndFind
Sounds like he'll be doing Rosland Capital commercials next.


36 posted on 03/26/2019 9:30:31 AM PDT by Larry Lucido
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To: SeekAndFind

AT&T is paying a 5% dividend rate


37 posted on 03/26/2019 9:30:32 AM PDT by AppyPappy (How many fingers am I holding up, Winston?)
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