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Hey you should get a job as a financial advice columnist, this is really good actionable stuff that nobody has thought of! Just live rent free! Easy peasy.
I did it, it was easy. I read about a person that worked in London he had a rail pass and road to berlin then turned around and came back. Good for single people but not couples. Living in a car is easy in a lot of places.
Quote:
Originally Posted by lieqiang
They should also open a successful business and sell it for a million bucks, that is another great way to buy a house with cash.
Working on that one. Gold had peaked, so mining that was out, now with negative interest rates gold is headed back up. So Find a pristine gold placer deposit. Or find a pocket gold deposit. An untouched silver deposit close to the surface would be fun to.
A you tube channel would be good to. How to make a successful business worth selling for a million dollars? If you can do that, then why not a billion?
One of my favorite movie quotes ever was, "It takes no more work to think big than it does to think small."
That was by the actors playing the small time crooks that ripped off Lufthansa for a lot of money.
I did it, it was easy. I read about a person that worked in London he had a rail pass and road to berlin then turned around and came back. Good for single people but not couples. Living in a car is easy in a lot of places.
Well there you go, brilliant!
People who want to buy a house with cash just need to permanently ride a train or live in a car for ten years. Easy peasy. Afterall a monthly rail pass is free too, and it is quite easy to maintain a real career while living out of a car. Anyone could do it, they just aren't thinking outside of the boxcar.
Quote:
Originally Posted by ContrarianEcon
Working on that one. Gold had peaked, so mining that was out, now with negative interest rates gold is headed back up. So Find a pristine gold placer deposit. Or find a pocket gold deposit. An untouched silver deposit close to the surface would be fun to.
Sweet, since you're working on it how has it been coming along? Found what you're looking for yet?
Quote:
Originally Posted by ContrarianEcon
A you tube channel would be good to. How to make a successful business worth selling for a million dollars? If you can do that, then why not a billion?
Ohh good one, nobody has thought of it so you're be in at the ground floor. Maybe you can make a youtube channel showing you becoming a millionaire by looking for gold in the mountains! I'd be the first subscriber.
This is why people like you have been burnt by the market and now full of hatred for it...
You should be a bull in a bull market and a bear in a bear market. You make it sound like anyone who is a bull will forever be a bull. I was a bull during this bull market and have made a ton of money from it. I've been in the neutral zone for awhile now, but am leaning toward this turning into a true bear market. However, until it happens, I will choose my positions very wisely. People like you love to come up with all sorts of reasons why the market should be rallying or shouldn't be rallying, in reality, all that matters is how you can make money from it. Learn that and maybe you won't be so bitter.
Agree 100%. There's a lot of bitterness on C-D and not just in the Economics forum. I love talking markets but it's hard to have a insightful discussion with people who are DYING for the economy or housing to tank, for whatever reason(bitterness, jealousy, etc). It doesn't have to be one extreme or the other either, at least for the rational people it doesn't...
Even the title of this thread implies it's some type of competition between 'bulls' and 'bears'. We're all on the same team right?
Sweet, since you're working on it how has it been coming along? Found what you're looking for yet?
I think so.
Quote:
Originally Posted by lieqiang
Ohh good one, nobody has thought of it so you're be in at the ground floor. Maybe you can make a youtube channel showing you becoming a millionaire by looking for gold in the mountains! I'd be the first subscriber.
What I'm looking for is a 1,000,000 oz. placer gold deposit that hasn't been plaid with. I found where a 200,000 oz. deposit should be. Working on getting permits etc. to do test drilling, funding is an issue.
Agree 100%. There's a lot of bitterness on C-D and not just in the Economics forum. I love talking markets but it's hard to have a insightful discussion with people who are DYING for the economy or housing to tank, for whatever reason(bitterness, jealousy, etc). It doesn't have to be one extreme or the other either, at least for the rational people it doesn't...
Even the title of this thread implies it's some type of competition between 'bulls' and 'bears'. We're all on the same team right?
The same team? As far the housing market and stock market tanking, market forces will have their dews. The stock market should've gone down after the dot com bubble popped, but it has been pumped back up. Parts of the housing market have been pumped back up to. The up side of a bubble is a nice economic high. The down side of a bubble is an economic hangover. Dot com, then housing bubble. Then 6 years of zero prime.
The same team? As far the housing market and stock market tanking, market forces will have their dews. The stock market should've gone down after the dot com bubble popped, but it has been pumped back up. Parts of the housing market have been pumped back up to. The up side of a bubble is a nice economic high. The down side of a bubble is an economic hangover. Dot com, then housing bubble. Then 6 years of zero prime.
I think some people are just so intent on being right about the market crashing they ignore any signs to the contrary. I don't think the economy is particularly rosy but I don't think we're in for an epic crash like '08. And I certainly wouldn't root for it
I think some people are just so intent on being right about the market crashing they ignore any signs to the contrary. I don't think the economy is particularly rosy but I don't think we're in for an epic crash like '08. And I certainly wouldn't root for it
My pick several years ago was 2017 not 2016. Bottom in 2017, not 2016, we could crash this year though.
I know gold hacks. I wouldn't buy gold, but I fully intend to go dig some up. I wouldn't buy an existing mine, find a new one. I'm not recommending buying gold.
Markets tend to be cyclical. What drives them up and what drives them down will tend to do this regardless of interference by the FED.
I think we are in for a massive correction, fast or slow, how to avoid it is with wage driven inflation. There is talk of deflation. That is deleveraging, that happens after a crash, or during a gradual decline.
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