Termyn8or
Posts: 18681
Joined: 11/12/2005
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If you have enough money to worry about, and believe me I know what that means, you need tangibles first.
I am not talking about if the shit hits the fan, I am talking about when. The economy (if you are in the US) is about ready for a big downturn, and money is the worst thing you can have. If you're really rolling in it I would look into property outside the US. I would also look into property in the US, stocked with water, fuel and non-perishables. These properties can serve as little getaways in the meantime, but they will buck inflation. No annuity or fund or anything gets ahead of inflation usually.
I don't mean the published figures. Look in the paper and see what a house costs. See what a car really costs, and I don't mean per month. There is a figure, the total cost of the car, look at it, it is astronomical. The cars ain't worth shit, but then the problem is that the dollars ain't worth shit.
Understand one thing if you can, everything that is out there costs the same as it ever has. There really is no such thing as infaltion, what we have is a deflation of the currency. Once you fully understand that you can make better informed decisions.
Bought a house for $20,000 in 89. It is still worth only slightly more than that in 1989 dollars. But it is worth over three times that in 2007 dollars. Probably more once the eternal remodeling projects are done.
The point is, it is not the property that changed value, it is the dollars.
Therefore I am against annuities, retirement funds, all that. Working I want all my money now and I shall invest it as I see fit, whether I invest in petrol, propane, ammunition, machine tools, water, food. It is amazinhg to me how people could have all kind of money and not get the basics covered. A four wheel drive, another deepfreeze full of meat. Spices, unrefined seasalt. A tract of arable land, hopefully with a well with potable water.
Other than that, if you relly want to gamble (it's only money) there is the stock market. Get familiar with stock shorting. Short stocks of companies in high risk businesses. Short Haliburton in 2008 for example. If someone would've shorted Union Carbide a few decades ago they would've made a shitload of money after what happened in India. Then of course afterward to actually buy the stock once the crisis is over. Then you ride it back up.
Profiteering on human suffering ? Absolutely. Wrong ? You decide. I don't care, somebody is going to make the money. The investment industry as it stands today is immoral. It makes money off the backs of hard workers, and takes money that rightly belongs in their paycheck. That is fact. Don't invest ? I never said that.
All I am saying is if you get into the stock market, don't get eaten by the wolves. Don't take anyone's advice. Even mine. Tell you what though, I might just get an account and short the living shit out of Haliburton, I think they are in for a fall that makes the humpty dumpty problem look like a paper cut. With a Democratic controlled congress and house, I think this to be a safe prediction.
Problem is timing. Gotta figure out just when the big boys are going to dump their Haliburton. You short it the day before and you can win a bit.
If you don't understand short selling, get to. Crazy part is you don't need that much money.
T
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