1
0

Renting For Half The Cost Lying About His Investing Record Again


 invite response                
2013 May 24, 1:54pm   8,936 views  33 comments

by JFP   ➕follow (0)   💰tip   ignore  

So, in this thread - http://patrick.net/?p=1224837 - Renting for Half the Cost claimed to have sold his Cisco holdings at 24 after buying them at an average price of 16.

In response, I pointed out that if he had bought Cisco at 16, he would have had to buy all his stock in February 2009, July-September 2011, or July 2012. And, that if he had bought at any other time, his average would be well above 16.

He then claimed to have bought his original holding at 9, and then to have bought more over the last two years ( a losing strategy of blending his cost up)

Unfortunately for him, I looked at the chart, and realized that Cisco hadn't been below 14 in 5 years, and pointed that out.

He then edited his comment to say he bought some at 9 in 2000.

I looked at the chart again, and realized that Cisco had never been at 9 in 2000, in fact it had never been close to 9 in that year.

I pointed this out and told him to look at the chart.

Of course, by this time, Renting WAS looking at the chart, and re-editing his comment to say that he had bought at 10 in 2002.

When I pointed out his repeated editing, he (of course) deleted my comments and edited to make it look like he had never claimed all these different prices.

I don't know why he gets off on lying about his investing record on this forum, but it's certainly amusing as hell.

#investing

Comments 1 - 33 of 33        Search these comments

1   JFP   2013 May 24, 1:58pm  

Of course, if you look you can see that he quoted part of one of the comments he deleted, and because he's pathetic, he added in some ridiculous insulting stuff and made it appear to be part of my comment.

2   JFP   2013 May 24, 2:06pm  

And, when I pointed that out, he (of course) re-edited the comment to cover his tracks again. Pathetic.

3   JFP   2013 May 24, 2:17pm  

robertoaribas says

the point of all of this is, he spends hours a day on here, ripping into people who have HONESTLY reported their investments and their market views.

It is impossible to compare to an utterly and completely fabricated plan B.

That's what I don't get. Why waste your time lying about pretend investments on this forum? What does he gain from it?

4   JFP   2013 May 24, 2:42pm  

robertoaribas says

what a lowclass A-hole! he insults someone, and deletes their responses!

Yeh, I should post all my deleted comments to this thread

5   JFP   2013 May 24, 2:44pm  

Here's all the comments showing he was lying that he deleted:

RentingForHalfTheCost deleted this comment of yours:
RentingForHalfTheCost says

Dude, I bought some at less than $10 in 2000, not sure what you are talking about. I have accumulated from my original position over the last 2 years and glad I did.

Awesome editing. So, you bought at the absolute nadir of the market, and you then blended your cost up by buying losing shares over the last two years. Of course. However, if you bought at 10, you actually had to buy either around 1996 or 2003. I'd look at the chart here - http://finance.yahoo.com/echarts?s=CSCO+Interactive#symbol=csco;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined; - before you make any more claims.

RentingForHalfTheCost says

Dude, I bought some in the $10 range in 2002 I think, not sure what you are talking about. I have accumulated from my original position over the last 2 years and glad I did.

Haha, editing again. You must have looked at the chart. Because, now you changed your purchase date to 2002. Why didn't you say you bought it at 10.48 in September 2002. That was the low point. Why do you bother lying like this? Who are you trying to impress?

RentingForHalfTheCost deleted this comment of yours:
RentingForHalfTheCost says

Dude, I bought some at $9, not sure what you are talking about. I have accumulated from my original position over the last 2 years and glad I did.

When? Cisco hasn't been below 14 in the last 5 years. And, it only hit that low once.

RentingForHalfTheCost deleted this comment of yours:
BRentingForHalfTheCost says

Jeez, if I was lying don't you think I would have looked at the chart. I edited after I went and check my purchase. I bought multiple times, one of them happened to be in $10.70 in Oct 21, 2002. Yah, good timing, but that was just luck. I bought 4 other times, 3 in the last 2 years, so my averaged turned out to be 16 range. Hard to believe? Wow. Good for me I guess that others can't fathom my luck.

Why did you delete the previous comments where you changed the price you bought it two times? Trying to cover your lying? You are pathetic.

RentingForHalfTheCost deleted this comment of yours:
RentingForHalfTheCost says

Hard to believe?

Yeh, it's hard to believe even if I hadn't seen the original version you deleted. And, you quoted part of a comment you deleted, loser.

6   RealEstateIsBetterThanStocks   2013 May 24, 2:51pm  

RentingForHalfTheCost is a proven pathological bullshitter and a resident troll. Beware!

7   Biff Baxter   2013 May 24, 3:07pm  

This does not belong in the real estate news section.

Once again, moderators spamming.

Biff

8   JFP   2013 May 24, 3:08pm  

Biff Baxter says

This does not belong in the real estate news section.

Biff

It's where he usually lives, but yeh, I should have put it in misc. Sorry.

9   zesta   2013 May 24, 3:40pm  

JFP says

I don't know why he gets off on lying about his investing record on this forum

He put those numbers in there to test if you're paying attention.

I don't get the intent of allowing users to delete comments, especially their own. This is a great board, an excellent resource for RE and investing tips. However, since 99.9% of the users are anonymous, the only way to vet a user is by viewing past comments. That obviously can't be done if someone is able to edit their own comments, or delete posts that have their comments quoted.

10   JFP   2013 May 24, 11:44pm  

zesta says

I don't get the intent of allowing users to delete comments, especially their own. This is a great board, an excellent resource for RE and investing tips. However, since 99.9% of the users are anonymous, the only way to vet a user is by viewing past comments. That obviously can't be done if someone is able to edit their own comments, or delete posts that have their comments quoted.

I agree with you 100%. But, the real problem is that thread moderators like RFHTC can delete other people's comments. That's what he does when he's exposed. As a result, users can't tell that he's constantly making stuff up.

11   waiting_for_the_fall   2013 May 25, 12:36am  

APOCALYPSEFUCK is Shostakovich says

I believe everything I read on the Internet!

While having lunch with my realtor friend the other day, she mentioned that she never uses the microwave because it destroys the vitamins in the food. When I asked her where she heard about that, she said she read it on the internet so it had to be true.

12   CDon   2013 May 25, 12:37am  

I happened to be logged in last night as that was happening live. Its hilarious to watch him backpedal...dude I got it for $9... Uh, I mean $10... Wait, it never hit 10 in 2000? Oh, well I meant $10 in 2002...Yes, that's it!!!

I have another window open from last night and I am looking at the (now deleted comments). It wasn't as massive a backpedaling meltdown as the whole MCD debacle, but a spectacular meltdown nonetheless :)

13   JFP   2013 May 27, 9:21am  

robertoaribas says

renting with shit for brains has been at it again!!!

claiming investments in his own thread, deleting anyone who points out his historical lying!

here is my deleted comment:

RentingForHalfTheCost deleted this comment of yours:

RentingForHalfTheCost says

Playing leverage is dangerous. I compare owning a home with no mortgage to my investment returns.

You've been caught multiple times on here lying about your investments, so give it a rest.

It's amusing how he also tried to go back and clean up all the clues that he had deleted comments from the thread. He's definitely twisted.

14   RentingForHalfTheCost   2013 May 27, 11:18am  

This is the funniest thread that I have seen in so long. What a bunch of crying babies. Is it nap time boys. ;)

15   JFP   2013 May 27, 11:35am  

RentingForHalfTheCost says

This is the saddest thread that I have seen in so long. Now, everyone will know I'm a liar who deletes other people's posts and changes their quotes

Yes, what you do is pretty sad, if only because it's so damn pointless.

16   RentingForHalfTheCost   2013 May 27, 12:12pm  

JFP says

RentingForHalfTheCost says

This is the saddest thread that I have seen in so long.

Sniff sniff... Whannnnn, I think I just crapped my pants. Mommy! Mommy!

17   RentingForHalfTheCost   2013 May 27, 1:47pm  

Keeps getting ever better each post. Total bunch of babies that have no equal. I never even would have guessed some of the people on here were that bad. Arrested development for sure. The only question is when the arrest first started. New born, toddler, middle school? Anyone's guess

18   JFP   2013 May 28, 12:33am  

RentingForHalfTheCost says

Keeps getting ever better each post. Total bunch of babies that have no equal. I never even would have guessed some of the people on here were that bad. Arrested development for sure. The only question is when the arrest first started. New born, toddler, middle school? Anyone's guess

Nobody's whining. We're just puzzled as to why it's worth your time (and $5/month) to lie about you investment success. It impresses nobody, and it doesn't help anyone who's interested in actually discussing real estate.

19   CDon   2013 May 28, 12:56am  

JFP says

RentingForHalfTheCost
says



Keeps getting ever better each post. Total bunch of babies that have no
equal. I never even would have guessed some of the people on here were that bad.
Arrested development for sure. The only question is when the arrest first
started. New born, toddler, middle school? Anyone's guess


Nobody's whining. We're just puzzled as to why it's worth your time (and
$5/month) to lie about you investment success.

Especially so given that your obviously not very good at it. You seem very cavalier with making up stuff (dates, prices, etc) without first checking to see if they were factually possible or correct.

Instead of you saying "I did X" or "I sold Y" and then getting caught in a lie, why not make your point via hypotheticals (i.e. "someone could have done X" or "someone could have then sold Y")? Had you done this, everyone would have gotten your point, and no one would care if your dates or prices were off by a bit.

As it stands, you did not decide to take this path and now your credibility has suffered tremendously for it.

20   anonymous   2013 May 28, 1:01am  

I haven't paid much attention, because this same ol gag is beyond played out.

But it does beg the question, why do all the loudest housing bulls here, keep engaging the guy?

Its exactly how I imagine, a cock off going down, in Shanghai.

21   RentingForHalfTheCost   2013 May 28, 1:14am  

JFP says

RentingForHalfTheCost says

Keeps getting ever better each post. Total bunch of babies that have no equal. I never even would have guessed some of the people on here were that bad. Arrested development for sure. The only question is when the arrest first started. New born, toddler, middle school? Anyone's guess

Nobody's whining. We're just puzzled as to why it's worth your time (and $5/month) to lie about you investment success. It impresses nobody, and it doesn't help anyone who's interested in actually discussing real estate.

The only lying happening around here is you thinking you are correct. ;)

22   RentingForHalfTheCost   2013 May 28, 1:16am  

CDon says

Especially so given that your obviously not very good at it. You seem very cavalier with making up stuff (dates, prices, etc) without first checking to see if they were factually possible or correct.

Instead of you saying "I did X" or "I sold Y" and then getting caught in a lie, why not make your point via hypotheticals (i.e. "someone could have done X" or "someone could have then sold Y")? Had you done this, everyone would have gotten your point, and no one would care if your dates or prices were off by a bit.

As it stands, you did not decide to take this path and now your credibility has suffered tremendously for it.

So much waisted energy to prove a point that is actually invalid. Wow. I guess we can have 25% unemployment. So many people with so little to do.

23   JFP   2013 May 28, 3:45am  

RentingForHalfTheCost says

So much waisted energy to prove a point that is actually invalid.

Describes your activity perfectly

24   zesta   2013 May 28, 4:54am  

APOCALYPSEFUCK is Shostakovich says

You mean everything I read on the Internet isn't true?

No, not everything. Just the 2100 posts RentingForHalftheCost has been posting in the last 2 years.

Everything else is true.

25   RentingForHalfTheCost   2013 May 28, 6:03am  

zesta says

APOCALYPSEFUCK is Shostakovich says

You mean everything I read on the Internet isn't true?

No, not everything. Just the 2100 posts RentingForHalftheCost has been posting in the last 2 years.

Everything else is true.

Another nice move today in Cisco, PVG, and NTAP. That is the only truth that means anything to me. ;) Hot water heater just got another day older.

26   RentingForHalfTheCost   2013 May 28, 6:13am  

JFP says

RentingForHalfTheCost says

So much waisted energy to prove a point that is actually invalid.

Describes your activity perfectly

So it is invalid to think you can make 6% from MCD annually by using dividends and selling covered calls.

It is also invalid to assume you can make good money from companies like Cisco and Intel, PG, COP, GE, KO, etc.. Jeez, the dividend alone makes fixed investments look laughable.

Invalid is people thinking 85B/mth is not creating all this asset price movement. There is very little organic growth in housing. Remove the allowance and look out below. At least we will get a few good following quarters in stocks before they are affected.

27   JFP   2013 May 28, 6:24am  

RentingForHalfTheCost says

So it is invalid to think you can make 6% from MCD annually by using dividends and selling covered calls.

It is also invalid to assume you can make good money from companies like Cisco and Intel, PG, COP, GE, KO, etc.. Jeez, the dividend alone makes fixed investments look laughable.

Obviously someone can make money from investing in stocks. I made a bunch of money myself this quarter. However, you've been caught clearly lying about the trades you make. That's a different thing.

28   RentingForHalfTheCost   2013 May 28, 6:53am  

JFP says

RentingForHalfTheCost says

So it is invalid to think you can make 6% from MCD annually by using dividends and selling covered calls.

It is also invalid to assume you can make good money from companies like Cisco and Intel, PG, COP, GE, KO, etc.. Jeez, the dividend alone makes fixed investments look laughable.

Obviously someone can make money from investing in stocks. I made a bunch of money myself this quarter. However, you've been caught clearly lying about the trades you make. That's a different thing.

Again, you are incorrect here. I never lied about any trades. If anything I tone down my real winning in the market, cause the truth definitely wouldn't fly around here. Fine with me, I'm the one with the winnings.

29   JFP   2013 May 28, 6:56am  

RentingForHalfTheCost says

I never lied about any trades.

Keep saying it, and maybe someone will believe you.

30   lostand confused   2013 May 28, 7:06am  

RentingForHalfTheCost says

If anything I tone down my real winning in the market, cause the truth
definitely wouldn't fly around here

Ok , ok and I am a Prince from Saudi Arabia, who posts on these forums to see how the common people live.

31   zesta   2013 May 28, 9:00am  

Am I doing this right?

RentingForHalfTheCost says

Bought in 2003, and sold in Jan, 2009.

I've rented ever since and will continue to rent until Patrick tells us he bought. ;)

RentingForHalfTheCost says

I've been a renter in the BA for almost 15 years now

RentingForHalfTheCost says

. I owned a home in 2003-2006 and ran the numbers on my taxes didn't see much benefit. Good to know that if and when I decide to reenter the market I have that benefit now

RentingForHalfTheCost says

I have rented for 14 years and have enough now to basically not need a mortgage if I desired. My practice looked horrible when houses appreciated in 2000-2007, but now it turns out to be at least as good or better in the long run.

32   JFP   2013 May 28, 9:18am  

zesta says

Am I doing this right?

You are doing it perfectly.

33   RentingForHalfTheCost   2013 May 28, 10:22am  

JFP says

zesta says

Am I doing this right?

You are doing it perfectly.

Almost perfect, except the 2003-2006 reference taken out of context. I owned a home east of Sacramento from 2003-2009 like I said numerous times. While I owned this home I still rented in the SFBA cause my work has always been here. Funny how the truth hurts most people. Weird.

Nice to know I have such a follower. Hi. ;)

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions