Investment/Personal Finance Strategy Before and After the 2008 Elections

oblomov | 13 Feb 2008 | oblomov

[oblomov]

Your thoughts, please...

[goodwithagun]

I like 4 and 6 best. I have been curious about this topic, also. I have only been working three years, but have invested heavily in my 457. Between my husband and I, we have quite a nest egg. Because we are young we can take a hit, but I would rather not.

[jdm]

Shift all your money into Chinese tech. /s

[goodwithagun]

I have to wonder if all Chinese investments will take a plunge with all of the bad Chinese imports. I just read today that major supermarket chains are no longer importing food from China. I know that it has nothing to do with tech, but I have to wonder. What do you think?

[RightWhale]

Buy gold. It’s better than money when the system devolves to barter.

[goodnesswins]

Dimensional Funds.....income average in, hold, except to rebalance annually.....anything else is just gaming, and individuals really do not do well over time in “gaming.” Sure, some make bundles in the short run, but then, they usually lose bundles in the next short run. Take it from the experienced.....go here for more info...(and NO I do not work for them, but I do invest with them.

http://www.fundadvice.com/mcm.html

[oblomov]

Heh heh..or Chinese banks...The China bubble will blow once the Dems try to put their stupid protectionist schemes or currency controls in place. “International bankers” will be blamed for the blow-up and its repercussions here.

[oblomov]

Heh heh..or Chinese banks...The China bubble will blow once the Dems try to put their stupid protectionist schemes or currency controls in place. “International bankers” will be blamed for the blow-up and its repercussions here.

[Archie Bunker on steroids]

One strategy that I preach is the Roth IRA instead of the traditional. yes you lose a chunk of tax deferred growth, but when the Rats take power God knows what our income tax rates will be. Pay your taxes now! Get free money and don’t buy the advise that you will be in a lower bracket during your retirement.

[jdm]

Whole Foods took a big hit two years ago. However, anyone who got in after the 9/11 attacks and held for four years, made a killing.

The Chinese thing was a joke, BTW. I wouldn't recommend any Chinese stocks.

[Fiddlstix]

I’ve been giving this some thought for a while now. I’m not sure what I’ll do yet. I’ll wait for the outcome of the election. Depending on that outcome, I’ll have a few months to make a final decision.

[oblomov]

Heh heh..or Chinese banks...The China bubble will blow once the Dems try to put their stupid protectionist schemes or currency controls in place. “International bankers” will be blamed for the blow-up and its repercussions here.

[goodwithagun]

Sorry I didn’t get that. I have been arguing with a homeschool mom who is offended that I typed “i m a publik scewl teechur.” She thinks that I actually write like that. I am a bit frazzled! I am glad to know that my reaction to Chinese investments jives with others!

[goodwithagun]

Sorry I didn’t get that. I have been arguing with a homeschool mom who is offended that I typed “i m a publik scewl teechur.” She thinks that I actually write like that. I am a bit frazzled! I am glad to know that my reaction to Chinese investments jives with others!

[expatpat]

But, at some point currency profits may be taxed at exorbitant rates. So, a bank account overseas might be better for the long run.

Your profits will still be taxed by Obama if you stay legal. Even if you leave the US, assuming you are a US citizen.

[Nervous Tick]

Buy gold lead*. It’s better than money when the system devolves to barter collapses.

*in the form of "ammo"

[goodwithagun]

I have been avoiding the gold band wagon. I know that it has skyrocketed recently, but for the first time since when? I might allocate a small portion to precious metals, but I am still leery of a large investment in it.

[expatpat]

Good point. Take your capital gains before Obama puts those rates up.

[oblomov]

Yes, but if you don’t sell the other currency, a taxable event has not happened, and you won’t be taxed.

[RightWhale]

The growth of your personal fortune will end when your purchase of gold begins.