Posted on 12/02/2012 4:07:37 PM PST by betty boop
What could go wrong with that???
I'd love to hear your views, dear friends!
I am clueless, dear Betty, and am too poor to do anything. But, I love to read about all this stuff.
If I had any spare CASH, I would be buying (and taking personal possession of) silver coins, in various sizes. Probably what is commonly called “junk” silver, which you can buy in bags.
Obviously, you need to keep “fiat” paper on hand to pay bills, etc., but the rest - something that has true value.
vtinx 70%
vwinx 20%
vbilx 10%
?
In really bad times nothing is as valuable as a can of black beans, a bag of rice, a roll of toilet paper, water, tools, a toothbrush. All the basic things we take for granted will be invaluable if it really his the fan.
What could go wrong with all cash?
One word; inflation.
If I could I’d do some metals; however all my assets are in a 401k which does not have that option....
We’ve offset any baby bust effects with immigration.
target retirement funds (vtinx and others )did worse than the market in the 08 meltdown.
my 3 fund hold forever asset allocation
>>I’m going ALL CASH by year’s end???
What could go wrong with that???
I’d love to hear your views, dear friends!<<
If by that you mean precious metals, you probably have a good plan. But, as always, diversify.
Just cash and bonds aren’t making squat.
That is the best comedy, very funny
Our government has broken faith with us. One of the ways that it has done so is to corrupt our currency. By printing so much “funny money” that is mere paper, they undermine the value of money in circulation, including that in your bank account and 401(K). The dollar is no longer the store of wealth that it was two or three years ago and you can see this every time you visit the grocery store or gas up your car. With Obama doubling down on his failed economic policies, this situation will continue to get worse until reality intrudes in some dramatic way. The nly reason the dollar is holding up right now is that things are worse elsewhere.
This was the situation in Germany between WW1 & WW2. The Germans lost WW1 and were ordered to pay the allies reparations. They also had a lot of widows & orphans to take care from WW1. Since it was politically unpopular to pay reparations, the Germans just printed the money. The predictable result was a period of hyperinflation, which spawned politcal and civil unrest which gave rise to Hitler and the Nazis, who restored order by imposing a rigid socialism. The parallels with our situation today is sobering. Read “The Coming of the 3rd Reich” by
Here are a few things you can do to protect yourself:
Be nice to your kids - they may have to take you in.
Have a few friends you can trust and count on.
Have some precious metals on hand: this is an alternate currency that will hold it’s value and may be a godsend at a critical time. During WW2, diamonds were a good and compact store of wealth and used by spies to bribe enemy officials. It often worked.
Stocking up on canned goods, guns, ammo, and drinking water is always a good idea. Like in many 3rd-world countries, outages and shortages may become commonplace. Stealing and street violence will also become more common. You don’t want to be a clueless victim like the people in New Orleans Stadium after Katrina.
For the short term, meaning the next year or so, you might want to consider investing in energy and shorting all but the big industrial stocks. The government is making it difficult to do business and so the smaller and less efficient are bound to go under, but whatever happens, they are going to need energy and the Dow Big Boys have the clout and global presence to play along with mendacious politicians.
Work hard. As long as you can do a days work or have a valuable skill, the government and its agents will think twice about consigning you to a FEMA camp or designating you as a “useless eater” and making you disappear.
Make your peace with God - now, today - don’t wait. The world is unraveling and the time of tribulation and return of Christ is imminent. Read Revelation Chapter 13 for a preview of what’s coming to a neighborhood near you.
I would welcome your thoughts.
If the Kenyan wins a one party rule in 2014, he is going to nationalize 401ks and replace real value with worthless treasuries.
Then all the prissy libertarians will see that winning is better than being dickheads.
Give them nothing but the ashes of a past consumed by fire. For that is their future and their sustenance.
Pay off all debts, such as your home mortgage and credit card debt. This has a guaranteed rate of return equal to the interest rate you were paying.
You could diversify by buying nearby real estate to rent out. Real estate prices I expect will plunge in January when the Medicare surtax and higher income taxes kick in.
Stocking up has some value. A cache of canned meat, bottled water and valuable trade goods that you too will consume is invaluable, since it is both a form of savings and protection against disaster.
I know people investing in lead (bullets / guns), but I don’t know if that is a bubble about to burst.
thats ok ytd avg rtrn for me is 6.4 I ll take it
401k, I am still a long-term retirement investor, where I think my dividends are re-invested tax free, and it’s one way to beat inflation. One family of funds had a mining company option, and from one thing I learned, own the thing that owns the thing.
scuse me total rtrn for me 6.4
I think my dividends are re-invested tax free
they are
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