Investment corner

KommieKat

Mao's Pet Cat
Founder
Mar 2, 2008
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Hong Kong, hiding from the Kommies!
:DNH:

I really don't know how this thread will go, so I'll give it a try.....

I don't expect people to divulge personal salaries and so forth, but maybe people can express in percentages, for example: "I save 10% of my monthly salary".

I am hoping that this thread can be used to share ideas for getting ahead in our financial life. I for one am no financial guru so I can use all the help I can get.

So, off we go.........................


Currently, I am mailing my bonds to my mother so she can cash them in for me. I've been sitting on them for almost 26 years and they have more than matured by now. These are the double EE series which means they double when you cash them in. I no longer feel comfortable with them in this state because I have lost all confidence in the American financial institutions.

These were considered some of the safest and least riskiest means of investment, but now I seriously have my doubts. As soon as I get the bank transfer of those bonds, I shall invest in GOLD and the rest going to A) the Chinese RMB (renminbi) and B) online trading in Commodities like metals and so forth. In market ups and downs, gold and other commodities have survived the storms. As far as gold, I am going to physically own it and place into my safety deposit box.

On this side of the globe, there is talk of the U.S. dollar weakening beyond recognition. There are some people who refuse to be paid in U.S. dollars and prefer the Euro or other currencies. Of course I am choosing RMB because of the proximity to my residence and also, without a doubt China will be the #1 super power, like it or not, recognize it or not.
Printing up money and throwing out into the market is going to end in very serious dire consequences. I no longer wish to be a victim of someones greed are lax attitude of doing their job within a government position.

Also the talk going on here is the soon to be mass exodus of Americans heading for either Canada, Australia or Asia. I am very happy that I made the choice to live here and for all the bullshit insults I endured from idiots on FY.com and SC, look who has the last laugh now (ME!). These people fleeing I feel, have woken up and realized that America is sinking financially and liquidating most all American financial instruments because of the devaluation the US$$ now taking place before your very eyes.

I have a few questions:

Home/Land owners
A) Did you assume your property was going to pay off, so that being the false assumption, you did not save $ and are now regretting it?

B) Do you think property will rebound later (?like it always does?) and if so, when?

C) If you own property, will you hold on to it and ride out the storm or sale (if you can)?


Your Salary
A) What % do you save?

B) Do you have 401 accounts and do you believe they will still be there for you when you retire?

C) Are you relying on S.S. to help you out in retirement?

Portforlios
A) Do you have an investment portfolio going and if yes, could you share some ideas on it?

B) Have you lost confidence in the stock market and avoid it at all cost?

C) Are there still ways to make money during these times?


Pls feel free to comment or answer questions in this post or just share anything you like............
 

funeeman

Spank Me!
Founder
Mar 3, 2008
586
1
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45
North Main Street
I have to giggle at the notion that you've heard Americans will be rushing to live in other countries. I've heard nothing of the sort.

Here's what I have a do.

I place approximately 6% of my salary into my retirement which consists of a 401K. This past year its obviously decreased but I'm not worried. We're at a 12 low in the market now but I'm going to continue to invest. I actually only suffered about a 14% loss in my 401K which is a loss but isn't nearly as bad as the 22% average last year. I fully expect the market to recover 25%-35% in the next 4 years of its lost volume. And that's if everything stays in the crapper. Whats basiclly happened is all the false profits and phony baloney shit is gone now. Sold earnings figures are now being given for maybe the first time in years. Those strong companies will actually grow stronger and those that are inventive will ride out the storm and actually create new unexpected growth.

Even though its stupid I also have some whole life insurance in a solid company. The cash value return should I need it doesn't grow much more than savings but its there if something happens and its enough to care for my family for years should something happen to me.

I have minimal actual savings in a savings account. About enough to cover 2 months in bills should something happen.

I own my house and fortunately its worth more than what I paid for it. My market is one that is solid. Despite what you see on the news, many areas of the US actually required 10-20% down when buying the house just like in the good old 70's. It pissed me off when my sister in CO bought a house 4 times what mine cost with no credit check, no income verification, etc. And I wouldn't have been able to be approved for that loan even if I wanted to here in Nebraska. In the end. .my house is still solid and if I need to move it I can as the credit hasn't really changed here. In the Midwest most banks are balanced in commercial/agricultural and personal notes. One area suffers and the other two hold it up.

At this time I don't have a large portfolio and what I have I basiclly don't touch. If I were you instead of going with gold I'd look as some companies that hold gold certificates that way when the market tops out on gold in a few years you can easily dispose of them without having to try and move your actual gold bars. If you want to invest in a particular country. . .right now Brazil is the place to be. 5 years ago they were a disaster but they've done a remarkable turn around and they're rich in minerals, ores, and natural resources. They're basiclly booming. I'd put my extra there right now.

You know. . the economy is tough right now. . which for me means that maybe 2 in 5 people don't buy from me when there is a need. But I'd say my average sale has almost doubled in the past 18-24 months. I sell less but what I'm selling is way larger than before. My profits grew by roughly 7% last year and that's with one company that lost me a shit ton of money. I don't think people are scared to spend their money if its something they feel they want and need. They just can't buy it if they don't have the cash. What I'm seeing is people who live on credit being swallowed up. . but those who have a cash position are spending it. That's why this stimulus needs to put money. . actual physical money in peoples hands and not "loosen" the credit. Because right now no one feels like they can get credit.
 

Unhappy Camper

Hells yeah
Founder
Mar 10, 2008
5,012
25
178
Fayettenam Area, NC
Also the talk going on here is the soon to be mass exodus of Americans heading for either Canada, Australia or Asia. I am very happy that I made the choice to live here and for all the bullshit insults I endured from idiots on FY.com and SC, look who has the last laugh now (ME!). These people fleeing I feel, have woken up and realized that America is sinking financially and liquidating most all American financial instruments because of the devaluation the US$$ now taking place before your very eyes.
What a load of propagandist bullshit. There are no fleeing masses.

Hell if anything MORE illegal shitbags will rush our borders now that the establishment has openly pushed Socialism down our throats with a 800 billion dollar dildo.

Give me your tired and poor and I will give them some free "social programs that will give them the New revised "American dream".




I have a few questions:

Home/Land owners
A) Did you assume your property was going to pay off, so that being the false assumption, you did not save $ and are now regretting it?

B) Do you think property will rebound later (?like it always does?) and if so, when?

C) If you own property, will you hold on to it and ride out the storm or sale (if you can)?
This question is fucking retarded because you have already assumed an answer.

I have never lost a single cent on any of the homes I have owned.

The home I own NOW is worth MORE today than when I signed the contract 3 years ago.

We that chose smartly avoided the ignorant ARM and went with a fixed rate.

EVERY person that went into a home loan where it was obvious even to a 3rd grade math class that their mortgage payment would be %60 of their income need to be beaten senseless .. but unfortunately My government has chosen to save these worthless fucks and spend my money doing it.

Your Salary
A) What % do you save?

B) Do you have 401 accounts and do you believe they will still be there for you when you retire?

C) Are you relying on S.S. to help you out in retirement?
None of your business about specifics, but I will not need to rely on nor use any portion of Social security.



Portforlios
A) Do you have an investment portfolio going and if yes, could you share some ideas on it?

B) Have you lost confidence in the stock market and avoid it at all cost?

C) Are there still ways to make money during these times?
Yes I am diversified. What and how much ... nunya.

I am better off today than I have ever been.

Recession ?

Depression ?

Bail out ?


None of these things have affected me other than making me dread the future and looking for ways to hide my earnings.


People that are well off, people that work and provide and make a great living because they do the right things and live smartly ARE BEING PUNISHED.

People that have lots of kids, loads of dept, are uneducated, are lazy and unmotivated ARE BEING REWARDED.
 

KommieKat

Mao's Pet Cat
Founder
Mar 2, 2008
3,497
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Hong Kong, hiding from the Kommies!
What a load of propagandist bullshit. There are no fleeing masses.
Not propaganda. Maybe "mass exodus" was too strong a wording but Americans are looking elsewhere, people at this moment are moving overseas and things are seen here as soon to be really really shitty there.

This question is fucking retarded because you have already assumed an answer.
How is it possible to NOT have a question that in contained within the answer and vice versa?

None of your business about specifics, ....
Perfectly fine replies.
 

KommieKat

Mao's Pet Cat
Founder
Mar 2, 2008
3,497
6
68
58
Hong Kong, hiding from the Kommies!
Here's what I have a do...................
Thanks for your post. I hope it will help others out because I know it gave me something to think about.

You advice about Gold certificates was very good and I will seriously consider it.
The only thing is, I am a bit distrustful about certificates these days because I wonder if they will be honored like U.S. Treasury Bonds are loosing theirs.

Also, I'll keep my eyes on South America.
 

KommieKat

Mao's Pet Cat
Founder
Mar 2, 2008
3,497
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Hong Kong, hiding from the Kommies!
BEIJING – China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.

The surprise proposal by Beijing's central bank governor reflects unease about its vast holdings of U.S. government bonds and adds to Chinese pressure to overhaul a global financial system dominated by the dollar and Western governments. Both the United States and the European Union brushed off the idea.


http://news.yahoo.com/s/ap/as_china_global_currency;_ylt=Aql27B.hXYqKF1R3jsRi7D_Zn414

Good read if you have a few minutes..............

I feel that China is justified in calling for a new international currency.
Does not have to be the RMB but something other than the U.S. greenback.

I do not have as much confidence in the "mighty" dollar and seriously contemplating cashing in my 20 yr bonds.

But from reading the article, looks like the $$ will be around for some time to come.
 

Kill_em_All

Family
Founder
Jul 29, 2008
324
0
16
43
:DNH:

Home/Land owners
A) Did you assume your property was going to pay off, so that being the false assumption, you did not save $ and are now regretting it?


Your statement assumes that all property values have decreased. Quite the contrary. My property value has gone up almost 10 full percent since I had this monstrosity built a little over a year ago.

My condo in KC is another story. It's decreased in value by a few thousand dollars since I bought it in 2007, but frankly I don't give a shit. I bought it strictly for utilitarian purposes so if I lose money on an investment that I never considered an investment in the first place, it doesn't really affect me.

C) If you own property, will you hold on to it and ride out the storm or sale (if you can)?

I love my house. I love my land. I swore that when I had this house built that it was going to be the last place I live. I'm reconsidering it, however, as I draw nearer to an early retirement.

A warm climate is starting to really grow on me.

But if I were to sell in the next few years, I think I'd be willing to take as much as a 40 thousand dollar loss before it really started to upset me. Although my home is very nice, it's only half of the value when you factor in that the property was almost half of the total purchase price. The house could burn to the ground and I'd still be doing okay.


Your Salary
A) What % do you save?


Never really had a strategy per se as far as my savings. I get a steady stream of income that honestly comes in faster than I can spend it. I make deposits on about an every-other-day basis, but aside from weekend antique malls and nightly clubbing I rarely spend a dime so my checking account is usually fairly well stocked.

B) Do you have 401 accounts and do you believe they will still be there for you when you retire?

I have a Roth IRA that I rolled over savings from my federal 457 plan. I like the structure of the Roth IRA versus a 401(k). Aside from the fact that my contributions aren't tax deductable, any withdrawls are tax free. There are other obvious tax advantages as well being that a traditional IRA would bump me into a higher bracket. My Roth is invested in several consisten stocks and mutual funds, and it's done well in the very few years I've had it.

This was more or less set up when I wasn't sure if my business was going to be successful. Covering thine own ass FTW. At this point, I have considerably more in my bank account than I do in my IRA.

C) Are you relying on S.S. to help you out in retirement?

Social Security payments couldn't heat my fuckin home. If (and that's a big fucking if) Social Security is still in existence when (and that's a big when) I hit retirement age, I'd simply put the checks in a jar on top of the refrigerator.

Portforlios
A) Do you have an investment portfolio going and if yes, could you share some ideas on it?


Investment funds for the complete win. These things are fucking great. Basically, the fund management agency builds a cooperative of investors who then invest as a sole entity in multiple interests, be it stocks, bonds, cd's, m.m.'s, etc.

B) Have you lost confidence in the stock market and avoid it at all cost?

Too busy to trouble myself. Haven't checked the status of any of my investments in months.

C) Are there still ways to make money during these times?

My business is not only surviving, but prospering. I've actually just spent the better part of the last week interviewing headhunters to deal with hiring new reps to work in 3 different markets, and I'm considering hiring a management agency to basically run my business because I'm so busy that I can't keep up. Obviously, in a down economy there are businesses that fail, and businesses that take advantage of others' failure. Resale shops, pawn brokers, used car lots, auto parts, heating and cooling contractors are all industries who are flourising, and that's just to name a few.