1 2
Appleseed
Appleseed MegaDork
7/8/15 11:16 a.m.

Greece? They wake up, look at the situation, say "berkeley it," and crack open a fresh bottle of home made wine. And wait for tomorrow.

aircooled
aircooled MegaDork
7/8/15 11:27 a.m.

United grounds all flights because of "network issues"

The NY Stock Exchange is closed because of "network issues"

Where exactly can I buy all this "guns and gold"?

Wally
Wally MegaDork
7/8/15 11:35 a.m.

In reply to aircooled:

And yet I still have two steams of cartoons running just fine.

Wally
Wally MegaDork
7/8/15 11:47 a.m.
mad_machine wrote: And that, Ian is what is wrong with the world. People are willing and able to put aside their moral objections to something in order to make a profit... and there are companies out there enabling them

We can't agree on what's moral how can we tell people to not invest in the immoral.

logdog
logdog SuperDork
7/8/15 11:56 a.m.

I am heavily invested in Beanie Babies and Pogs so I should be financially set for anything.

HiTempguy
HiTempguy UberDork
7/8/15 12:24 p.m.
RX Reven' wrote:
Graefin10 wrote: Bump Am I the only one feeling a little panicky? Really, I have no idea if the information Stansberry is supposed to provide has value or not. So far I've asked my accountant and my banker. The accountant said buy gold the banker looked out the window and had no real answer. I guess from the banks perspective they just want you to leave your money there. Can anyone suggest a source of valuable information on the subject? If so it would be of great value to everyone on this board.
The best you can do is... I totally agree with KyAllroad comments. I just turned 51 last week and I’ve used the following super simplistic investment strategy my whole adult life. 1 = Save until it hurts. 2 = Put everything you can in low cost S&P 500 Index Funds (VFINX, etc.). 3 = HOLD...do not sell your positions no matter what happens. At this point, I’ve accumulated so much (over a million) that even if we have a major correction (say 50%), I’ll still be much better off than I would have been had I worked on building up a “prepper portfolio” all these years. I teach advanced statistics for a living and I have yet to see any convincing evidence that there’s a better strategy than the 1-2-3 plan I laid out above. Bottom line, things could fall apart but they probably won't so HOLD!

This is essentially the couch potato method. The S&P500 returns on average 8% year over year for the past forever. Take a percent or two off for inflation. If you beat the S&P500 over the course of 30 years average, you're lucky, not good.

The key to savings is to save. And to recognize that the stock market is essentially gambling, it just so happens that the house is on your side (they want to earn more money for both of you).

Ian F
Ian F MegaDork
7/8/15 12:29 p.m.
mad_machine wrote: And that, Ian is what is wrong with the world. People are willing and able to put aside their moral objections to something in order to make a profit... and there are companies out there enabling them

Says the fellow who works in the casino industry...

...from the fellow who works (indirectly) for the pharma industry...

Pot... Kettle... something, something...

That's the thing about morals... they tend to be open to individual interpretation.

1 2

You'll need to log in to post.

Our Preferred Partners
oudZLopWskhtIdePxR3WYZsZKqY2IiYMYFAg7xuW28880wywGHLQV0LfjPaHNbOJ