4um: What to Do?

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Title: What to Do?
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Published: Jun 16, 2011
Author: me
Post Date: 2011-06-16 21:41:46 by Lod
Keywords: None
Views: 1266
Comments: 24

A question for you friends - should we liquidate all stocks and bond holdings, and put the proceeds into gold and silver, or real estate, or whatever?
Thanks much.
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#1. To: Lod (#0)
Yes.

Obnoxicated posted on 2011-06-16 22:44:56 ET Reply Trace Private Reply
#2. To: Lod (#0)
Cost-averaging annuity?
I'm being pitched a Prudential annuity as an investment/income option. I'm also considering a traditional portfolio with a strong emphasis on Asia for the foreign investment. I'm holding off because I'm waiting to see what happens in the next 2-3 months. Of course, the time to jump in is when the stocks are crashing and burning, but it's still nothing more than legalized gambling.
Reading a multitude of articles at CNBC/Bloomberg/Wall Street Journal isn't giving me a warm, fuzzy feeling about investing right now.
__________________________________________________________
"This man is Jesus,” shouted one man, spilling his Guinness as Barack Obama began his inaugural address. “When will he come to Kenya to save us?"
“The best and first guarantor of our neutrality and our independent existence is the defensive will of the people…and the proverbial marksmanship of the Swiss shooter. Each soldier a good marksman! Each shot a hit!”
-Schweizerische Schuetzenzeitung (Swiss Shooting Federation) April, 1941
X-15 posted on 2011-06-16 23:20:29 ET Reply Trace Private Reply
#3. To: Lod (#0)
No for real estate, yes for gold and silver. Real estate hasn't hit bottom yet, not even close. When it does, then jump in cautiously, cause the government can easily take your land, but they can't as easily take your gold and silver when they don't even know you have it or where it is.
God is always good!
RickyJ posted on 2011-06-16 23:25:00 ET Reply Trace Private Reply
#4. To: Lod (#0)
should we liquidate all stocks and bond holdings, and put the proceeds into gold and silver, or real estate, or whatever?

Canned Food and Shotguns?

"The person who agrees with you 80 percent of the time is a friend and an ally — not a 20 percent traitor" - Ronald Reagan
Flintlock posted on 2011-06-16 23:36:37 ET Reply Trace Private Reply
#5. To: Lod (#0)
A question for you friends - should we liquidate all stocks and bond holdings, and put the proceeds into gold and silver, or real estate, or whatever?

I'm certainly paranoid enough to say "liquidate all" but the truth is no one quite knows how far off the crash is. I've been wrong before.
But I think the prudent answer is to not have all your eggs in one basket. If it's all in stocks and bonds then it's in one basket. Diversifying a major chunk into precious metals (physical ownership, of course) should be good. if 1/2 is put into metals and things go as bad as most of us here on 4um think, then that 1/2 will more than make up for the other half even if that half goes to zero.

Pinguinite posted on 2011-06-17 1:38:12 ET Reply Trace Private Reply
#6. To: Lod (#0)
Spend it, while it's still worth something.

Once you go armadillo, you never go back.
Armadillo posted on 2011-06-17 2:19:33 ET Reply Trace Private Reply
#7. To: RickyJ, Lod (#3)
No for real estate, yes for gold and silver.

I disagree on real estate. You can go to the court house steps and purchase property on the auction block for 20K under value right now. It's a tangible asset and people need a place to live. Don't forget to run a check on outstanding dues on the property that cloud title and factor that into paying 20K less than worth.
" If you cannot govern yourself, you will be governed by assholes. " Randge, Poet de Forum, 1/11/11
abraxas posted on 2011-06-17 9:55:05 ET Reply Trace Private Reply
#8. To: Lod (#0)
As the Fabulous Furry Freak Brothers always advise:
"Pot will get you through times of no money better than money will get you through times of no pot."

Shoonra posted on 2011-06-17 12:14:52 ET Reply Trace Private Reply
#9. To: abraxas, 4 (#7)
The rentals that we bought, pre RTC in the late '80s for 25-35 cents on the foreclosed loan amount have given us a nice income stream over the years.
In this depression, the real estate in CenTex is not taking the hit that many other parts of our country are experiencing.
My friend in GA recently bought a luxury condo from Fannie for 130K; it was on the local tax rolls at 330+K.
RE is the most localized of any market out there: what's true here, may not be true elsewhere.
I appreciate everyone's thoughts and input here.
Somewhere in Kenya, a village is still missing its idiot.
Lod posted on 2011-06-17 12:38:37 ET Reply Trace Private Reply
#10. To: Lod (#9)
RE is the most localized of any market out there: what's true here, may not be true elsewhere.

That is true. It's a ripe market here. I have many friends investing, thrilled to buy at $40 and under per square foot with a recap rate of 3 years. They report hundreds of people lining up to rent as soon as it hits the market. I've never bought an ad to rent my properties here, just a sign in the window brings about great tenants.
" If you cannot govern yourself, you will be governed by assholes. " Randge, Poet de Forum, 1/11/11
abraxas posted on 2011-06-17 13:06:20 ET Reply Trace Private Reply
#11. To: X-15 (#2)
it's still nothing more than legalized gambling

"Mr. Prime Minister, there is only one important question facing us, and that is the question whether the white race will survive." -- Leonid Brezhnev to James Callahan
Prefrontal Vortex posted on 2011-06-17 13:21:30 ET Reply Trace Private Reply
#12. To: Lod (#0)
I would say yes and no. I would be out of the Stock Market, and avoid dollar denominated bonds.
Things I would be a buyer of:
Depository Receipts for Swiss Government Bonds - they are partially backed by gold. I would say buy them direct but the Feral Government has been making it increasingly difficult to do so.
AAA Bonds of non U.S. Companies which are denominated in Swiss Francs or Euros. Nestle comes to mind.
If possible open a foreign account at a non-U.S. Bank and then convert the balance into another currency. Swiss Francs, Canadian Dollars, or Australian Dollars.
Be a careful buyer of real estate as the market has not bottomed yet, but there are likely some good plays, but it would take some research.
Definitely Gold and Silver in your portfolio. at one time I would have said 25%, but circumstances have changed. The FED is continuing to inflate and so metals are becoming more attractive. So, money that you do not need to be immediately liquid were I doing it would probably be 40%+ in Gold and Silver. Short term Silver looks to be the better play but it is bulkier than gold because of its lesser value. All the experts I listen to all say the same thing - take physical possession and don't keep it in a bank box as those might get raided if things get desperate enough.
If you haven't already done it I would strongly recommend acquiring at least a year's supply of storable food and basic water purification equipment. Certainly a Berkey, and more portable one of the better backpackers purifiers - Katadyn comes to mind.
Have a "Bug Out Box" with food for a week and clean water (here's where that Katadyn Backpacker's filter is handy - with an extra replacement cartridge or two. Survival Supplies - fishing gear a couple of GOOD knives, and reusable eating gear. Emergency "Space Blanket" Sleeping Bags don't take up a lot of room - you can put one in your pocket. A fishing or Photographers vest set up with basic survival gear is a good plus. That way if you have to get away from the city you don't have to stop for a while. You already have weapons so extra ammo. E-Foods Direct sells canned long term shelf life ammo sealed in the same kinds of cans they use for their food - in .22 and .223. A good fanny pack with built in holster is a good thing to have. There is also one that is a pouch that fits under your arm pit that has a built in gun pouch.
Remember The White Rose"“Believe nothing merely because you have been told it. Do not believe what your teacher tells you merely out of respect for the teacher. But whatsoever, after due examination and analysis, you find to be kind, conducive to the good, the benefit, the welfare of all beings - that doctrine believe and cling to, and take it as your guide.” ~ Gautama Siddhartha — The Buddha
Original_Intent posted on 2011-06-17 13:21:38 ET Reply Trace Private Reply
#13. To: Lod (#0)
Swiss and Singaporean bonds.
"Mr. Prime Minister, there is only one important question facing us, and that is the question whether the white race will survive." -- Leonid Brezhnev to James Callahan
Prefrontal Vortex posted on 2011-06-17 13:23:58 ET Reply Trace Private Reply
#14. To: Shoonra (#8)
As the Fabulous Furry Freak Brothers always advise:

Why am I not surprised you're some leftist LSD tripping brain burnout from the 60s.
"The person who agrees with you 80 percent of the time is a friend and an ally — not a 20 percent traitor" - Ronald Reagan
Flintlock posted on 2011-06-17 13:42:11 ET Reply Trace Private Reply
#15. To: Shoonra (#8)
As the Fabulous Furry Freak Brothers always advise:
"Pot will get you through times of no money better than money will get you through times of no pot."

You almost got the quote right but misremembered one word:

Freewheelin' Franklin says: "Dope will get you through times of no money better than money will get you through times of no dope."

Although to be truthful I preferred Harold Head to the Freak Brothers - old Harold was a lot more pungent and intellectual. "Anus Clenching Adventure with Harold Head" was a classic in the "underground comic" genre.
Of course we can't leave out Mr. Natural.

Q. Mr. Natural what does it all mean?

A. Don't mean sheeeeeeeeeit.

Remember The White Rose"“Believe nothing merely because you have been told it. Do not believe what your teacher tells you merely out of respect for the teacher. But whatsoever, after due examination and analysis, you find to be kind, conducive to the good, the benefit, the welfare of all beings - that doctrine believe and cling to, and take it as your guide.” ~ Gautama Siddhartha — The Buddha
Original_Intent posted on 2011-06-17 14:52:56 ET Reply Trace Private Reply
#16. To: Flintlock, Shoonra (#14)
Why am I not surprised you're some leftist LSD tripping brain burnout from the 60s.

See, there's a little good in everyone. ;-)
I'm just happy to have been able to see The Grateful Dead in concert.
Remember The White Rose"“Believe nothing merely because you have been told it. Do not believe what your teacher tells you merely out of respect for the teacher. But whatsoever, after due examination and analysis, you find to be kind, conducive to the good, the benefit, the welfare of all beings - that doctrine believe and cling to, and take it as your guide.” ~ Gautama Siddhartha — The Buddha
Original_Intent posted on 2011-06-17 14:56:00 ET Reply Trace Private Reply
#17. To: abraxas (#7)
There are good deals now, but real estate has not bottomed out, until it does you won't make any money off of it, you will lose money.
God is always good!
RickyJ posted on 2011-06-17 15:15:30 ET Reply Trace Private Reply
#18. To: Lod (#9) (Edited)
In this depression, the real estate in CenTex is not taking the hit that many other parts of our country are experiencing.

It will though, that you can count on. That is even more reason to not buy real-estate there, the bubble hasn't even burst there yet.
God is always good!
RickyJ posted on 2011-06-17 15:18:28 ET Reply Trace Private Reply
#19. To: Original_Intent, Dakmar (#16)
I'm just happy to have been able to see The Grateful Dead in concert.

Wow man, I hope you didn't eat the brown acid.

"The person who agrees with you 80 percent of the time is a friend and an ally — not a 20 percent traitor" - Ronald Reagan
Flintlock posted on 2011-06-17 16:31:32 ET Reply Trace Private Reply
#20. To: RickyJ, 4 (#18)
That is even more reason to not buy real-estate there, the bubble hasn't even burst there yet.

Absolutely.
Wait for the fire sale.
Somewhere in Kenya, a village is still missing its idiot.
Lod posted on 2011-06-17 17:18:02 ET Reply Trace Private Reply
#21. To: Lod (#0)
deleted
The relationship between morality and liberty is a directly proportional one.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." ~ Ben Franklin
"For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth, to know the worst, and to provide for it.” ~ Patrick Henry
Eric Stratton posted on 2011-06-17 18:25:49 ET Reply Trace Private Reply
#22. To: Flintlock (#19)
Wow man, I hope you didn't eat the brown acid.

Nah, but I plead the Fifth on any other "youthful indiscretions". :-)
Remember The White Rose"“Believe nothing merely because you have been told it. Do not believe what your teacher tells you merely out of respect for the teacher. But whatsoever, after due examination and analysis, you find to be kind, conducive to the good, the benefit, the welfare of all beings - that doctrine believe and cling to, and take it as your guide.” ~ Gautama Siddhartha — The Buddha
Original_Intent posted on 2011-06-17 19:12:10 ET Reply Trace Private Reply
#23. To: Flintlock, Original Intent (#19)
Wow man, I hope you didn't eat the brown acid.

LOL!! That was a good one..
" If you cannot govern yourself, you will be governed by assholes. " Randge, Poet de Forum, 1/11/11
abraxas posted on 2011-06-17 19:21:39 ET Reply Trace Private Reply
#24. To: Flintlock, Dead Heads, 4 (#19)

Somewhere in Kenya, a village is still missing its idiot.
Lod posted on 2011-06-17 19:55:55 ET Reply Trace Private Reply
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