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Old 07-05-2007, 09:07 AM
 
23,553 posts, read 70,067,529 times
Reputation: 49051

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You could always invest in "forever" stamps...

If you pull away all the dross from investment analysts and economists, some basics become apparent. Outside of severely politically influenced products, companies, and investments, the underlying values are energy and commodities. You can't do squat without energy at a reasonable price, and you can't eat energy or make a home out of it. Add in healthcare and an understanding of Maslow's heirarchy of human development and you might have a good chance at weathering any depression.

However... if things are going to H--- in a handbasket, you can't have ongoing costs draining your nest egg. Cable tv, cell phones, high taxes, high manditory insurance, and other expenses add up quickly if there is no income to offset them. The time to ditch these is now, if you want to build wealth.

Florida is probably not a great place to be in a major recession or '30s style depression, but it might be a lot better than L.A. or NYC. Remember how the WPA and other agencies moved the desperate from the cities to giant projects in the country. The same technique was used on the Bonus Marchers to diffuse the potential for further civil unrest.
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Old 07-05-2007, 11:12 AM
 
Location: Riverview
372 posts, read 858,271 times
Reputation: 80
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Originally Posted by hiknapster View Post
I was born in 1961. I am at the tail-end of the boomer generation and am quite use to standing in line only to have the window close in my face when it becomes my turn. I fully expect this to happen when it comes time for me to collect social security.
preach on, bro!!
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Old 07-05-2007, 01:03 PM
 
Location: Riverview
372 posts, read 858,271 times
Reputation: 80
ETFs That Win Big With a Housing Bust

ETFs That Win Big With a Housing Bust - Personal Finance - ETF - DHI - ITB
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Old 07-05-2007, 01:41 PM
 
3,269 posts, read 9,913,940 times
Reputation: 2025
Quote:
Originally Posted by nychiefsfan View Post
Gold is questionably high right now. Precious metals do well during recessions, but how much higher can gold go? It still might be worth the risk... Diamonds seem to hold value well, too.
Funny you mention this, I was just reading that gold doesn't seem so expensive when you look at the price of gold adjusted for inflation. Gold spiked in 1980 to $870 which equals $2,200 in 2006 dollars. So we are still trading at less than 1/3 of the inflation adjusted cycle top.
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