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Old 02-26-2008, 06:21 PM
 
11,127 posts, read 13,096,136 times
Reputation: 3680

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Well after taking a quick look over the main google news page as of 7 pm on a Tuesday and it just kind of sucks bog water.

Iraq is demanding that Turkey withdraw its troops from the northern provinces in an ever widening regional conflict in the Middle East, drug resistant tuberculosis cases are expected to double by 2017, consumer confidence at a 17 year low, increasing inflation rates and worries of stagflation, government is struggling with the issue of net neutrality, and the ominous note of a doomsday seed bank under an Arctic mountain for a "just in case" scenario.

So the question is, with a rather somewhat gloomy outlook for the year, what if anything are you planning on doing in order to remain solvent and your head above water? Do you plan on altering your spending habits or investments? Plan on squirreling away a few more canned goods? Or just live and let live, go with the flow and toss a Bob Marley CD on?
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Old 02-26-2008, 06:30 PM
 
Location: Here
11,513 posts, read 12,612,515 times
Reputation: 6762
We're actually going on a cruise. Nothing like a little R&R.
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Old 02-26-2008, 06:33 PM
 
Location: Raleigh, NC
9,043 posts, read 11,965,513 times
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Quote:
Originally Posted by 01Snake View Post
We're actually going on a cruise. Nothing like a little R&R.
Enjoy it while there are general population cruise companies still in business.
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Old 02-26-2008, 06:38 PM
 
Location: Sacramento
13,864 posts, read 24,639,021 times
Reputation: 6600
Nothing, I am fully confident in the stock market, including overseas investments.

My core belief is that worldwide intellect will continue to create great products, technological innovations, medical advances and improving standards of living.

I'm excited about the future, and look forward to the evolution of life both here and internationally.
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Old 02-26-2008, 07:05 PM
 
11,127 posts, read 13,096,136 times
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NTC, I think you could stand in the bowels of hell and find a way to open a sunscreen lotion booth. (chuckling)

Well I am frugal by nature so I won't be changing my habits a great deal as I am sure they are far more humble than most to start with. However I will be scaling back any unnecessary travel and will likely cancel my vacation this year and spend it near the house, camping, hiking, or on the lake instead.

I'll probably put a few more veggies in the garden and do a little canning. I will also probably spend much of my spare time doing home improvements, landscaping, and installing some pasture fencing.

I don't see the approach of another Great Depression or anything like that but it does seem like we are in for some rough times for a year or two, maybe even three. Since I have no real debt to speak of, I will probably just cruise through it and when I reach the other side, probably purchase some more dirt or investment housing that some over extended sucker couldn't afford to begin with.

Oh, and those rumors about using Huckabee's popcorn fryer for squirrel are completely unfounded and I deny them to the end!
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Old 02-26-2008, 07:08 PM
LM1
 
Location: NEFL/Chi, IL
833 posts, read 824,204 times
Reputation: 344
I'm hedging against the dollar, investing in a number of stable overseas consumer and industrial concerns that draw revenue in good, stable currencies (Euros mainly, but I still love Brazil and Argentina), hawking for value in the US market particularly with inflation proof brands and looking to pick up some cheap real estate here or there (mainly heavily tanking lots and land)....

I'm a value investor. Markets like this are what we wait for, sometimes for a long, long time while everyone else is dancing in the streets and insisting that things will never go down. When the bloods in the water, we come out and LOL all the way to the bank while riding on the coffins of all the dead bulls.
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Old 02-26-2008, 07:09 PM
 
Location: Raleigh, NC
9,043 posts, read 11,965,513 times
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Quote:
Originally Posted by LM1 View Post
I'm hedging against the dollar, investing in a number of good overseas consumer and industrial brands that draw revenue in good, stable currencies, hawking for value in the US market particularly with inflation proof companies and looking to pick up some cheap real estate here or ther (mainly lots and land plays)....

I'm a value investor. Markets like this are what we wait for, sometimes for a long, long time while everyone else is dancing in the streets and insisting that things will never go down. When the bloods in the water, we come out and LOL all the way to the bank.
hehe...europac client?
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Old 02-26-2008, 07:13 PM
LM1
 
Location: NEFL/Chi, IL
833 posts, read 824,204 times
Reputation: 344
Quote:
Originally Posted by ViewFromThePeak View Post
hehe...europac client?
LOL! No. I manage all of my own $$$ but I do subscribe to a few services (Whitney Tilsons, for example)

That's just a page out of my 2006 playbook
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Old 02-26-2008, 07:38 PM
 
Location: Raleigh, NC
9,043 posts, read 11,965,513 times
Reputation: 1394
Quote:
Originally Posted by LM1 View Post
LOL! No. I manage all of my own $$$ but I do subscribe to a few services (Whitney Tilsons, for example)

That's just a page out of my 2006 playbook
Heard that.

I don't have one red cent in dollar denominated assets. Mostly Canadian trusts earning 10-15% dividends, Hong Kong infrastructure/road building companies, Aussie mining, Perth Mint gold, physical bullion

However, I'm also predicting that the dollar is going to crack through the floor when the redemptions come in for treasuries and the Fed starts printing lots and lots of money for entitlement programs since the Dems will likely win in a landslide. Asset deflation (cars, real estate, domestic stocks) coupled with monetary inflation = cha-ching.

The only problem with buying these puppies is that most require a very manual process to purchase. Scottrade doesn't exactly offer $7 commish for these bad boys.
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Old 02-26-2008, 08:16 PM
 
Location: Pinal County, Arizona
25,106 posts, read 36,317,197 times
Reputation: 4923
We are finishing our summer home in Sitka. Our investments are doing very, very well -

Looking forward to putting out the crab pots -
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