I guess that is why I ultimately posted this thread. I need to get as much information as I can before I make the jump.
I don’t have much. I am talking a bout under $80,000.00 total investments. I am in my mid 50’s and thus I have less then 20 years worth of time to actually make money. Much, much less if my spinal troubles get worse.
So while I was able to take $55,000.00 in 2008, and turn it into what I have now thanks to my gold investments the last few years, I need to be real sure about my next big financial move.
If, I find that Obama and Bernanke have been investing stimulus to prop up the market, then I will keep my money where it is. If not, then I will take a different approach.
I am not into this for an overnight enrichment, I am into this for my retirement. My home is paid for, and my expenses are very minimal. As long as I can keep making the money I am I will be fine for the foreseeable future. After retirement I could sell my home for well over $400,000.00 because I am in a very desirable area that has lost less then $20,000 in the market from “08”. So the sale will afford my wife and I to move to another part of the country and live in relative financial ease.
However, I need to be sure of my next move, and I will not make it until I am assured I know what is causing the market to move right now.
All that being said, one bad mover at my level, and I am looking at much less room to maneuver than I would like.
You will find that expert market advice is a lot like listening to the experts talk about future elections. None of them really know what they are talking about.
vwinx and or vtenx(or your allocation pref) directly from Van.No fees DCA in and fughgetabout it
If, I find that Obama and Bernanke have been investing stimulus to prop up the market
It's no secret that the Bernanke policies have been helping support the market. However, the Fed will withdraw those policies and raise the interest rates if tax/spending policies are altered. Obama has no interest in doing that so Bernanke continues.
However, this is why I emphasize to watch the Romney numbers. The market knows that real reform will take place with Romney and a GOP Congress. This is why investing in something like Ford now (which is low) or Alcoa or Caterpillar could really bring advantages. These are turn-around stocks.
However, it may be wise to ease in to the market and save powder if you need to average down. If Obama pulls a fast one like naming Hillary Clinton for VP the numbers could change though I still think Romney will win. Good luck to you.
I would invest in, say, some kind of gas station franchise or something of that nature that works always in any time. The serious raw stuff of all economics. Maybe even going into the survival and bullet business.
Things like Tobacco, coffee and other addictive stress stuff that goes out the window and gets taxed... yep sir.
You talk about your back? Invest in pain killers or pharmacy stuff.
Rule of thumb, during a depression, “sin stocks” work, ie. entertainment of any kind, because people are unemployed and buy into that stuff.
Never invest in Facebook style IPOs. They know the stock will go down and that is why they initiate. Only invest when FB is about to buy back stocks because of the depression everyone will be screwing around on the net.
You could also turn your house into a beer brewry, or, better yet, invest in a shrimp fishing franchise. If they try to tax you here, you can always sell your shrimp in Canada or Mexico and base yourself there...