TJT
Mr. Poopybutthole
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My philosophy on that is if you ever are in a situation where gold was going to make you rich then it would be better to invest in long-lasting food rations and lead. Lots of fucking lead.
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Investing General Discussion
- Thread starter Furious
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My philosophy on that is if you ever are in a situation where gold was going to make you rich then it would be better to invest in long-lasting food rations and lead. Lots of fucking lead.
TJT
Mr. Poopybutthole
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Just look at the history and plan accordingly? Buying in on physical assets to ride the storm is ideal only if you expect that you need money before you expect the market to recover.
LachiusTZ
Rogue Deathwalker Box
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TJT
Mr. Poopybutthole
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I only have the house I am in now. Although I fully expect the need to move into a bigger house in a few years I am questioning if I need to keep it instead of sell it. I don't like having too much physical assets like this. But I am considering buying land. The returns on market investments, even mediocre ones, are higher and way less ass pain than managing rentals.
TJT
Mr. Poopybutthole
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Then I'd just use the profit off of your house to buy another house then. Might be hard to do right now because from what I understand mortgage applications are frozen even if you pay 20% down.
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I see gold as cash that's inflation proof. Something you can sell easily as you need it in a inflationary situation. Thats its true role, not 'world ending mad max trade it for food'. If it gets to road warrior levels, who cares, 90 percent of us dead anyways and the other 10 percent will be living in shitty conditions.
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Furry
WoW Office
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I'm still looking forward to the end of the week. Gubmints is buying up agri and announcing trucktons more buying in the coming week, like it usually does when things go wonky, though at some point the knuckledraggers at cnn might wonder why the gubmint is buying up all the meat while there's a meat shortage for a lot of people.
But oil... same game wont work as well there.
But oil... same game wont work as well there.
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I like physical as well. I think there will be an opportunity to pick up some quality commercial real-estate in the near/mid future. I'm biding my time
Furry
WoW Office
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Physical can be an amazing investment, but I also think its important for people to limit themselves to what they properly look after. And sometimes you have to realize a physical item is only worth the joy it brings you.
I don't consider my boat an investment.
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I went deep on shares. I don't think the recession will be huge. A lot of wealth is going to be redistributed from deceased elderly folks to their family.
Though shit if it doesn't work out.
I don't see the reasoning behind buying property over shares. If a recession ruins shares, property prices would follow suit? Commercial real-estate seems especially vulnerable to that, unlike say, mid-level housing?
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- 41,535
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Ok, disclaimer first.
Buyer beware. Do your own research. Don't blame me.
That being said. Take a look at VTIQ and Nikola. They are doing a reverse merger to take Nikol public. It should close on may 18th. Nikola makes hydrogen powered over the road trucks. The stock is moving near parabolic right now ahead of the merger. I don't have any idea if this ends up being vaporware or not. But I bet a bit that it goes public and catches a tailwind from the Tesla crowd looking to get in "on the ground floor". Go to the Nikola site and do some reading. It could be a homerun or it could be the vaporware and you lose it all.
You have been warned.
Ps.. I bought at $18 yesterday morning ( Jan calls 30 strike) and its at $26.50 as I write this. Option action is about 8x normal.
Buyer beware. Do your own research. Don't blame me.
That being said. Take a look at VTIQ and Nikola. They are doing a reverse merger to take Nikol public. It should close on may 18th. Nikola makes hydrogen powered over the road trucks. The stock is moving near parabolic right now ahead of the merger. I don't have any idea if this ends up being vaporware or not. But I bet a bit that it goes public and catches a tailwind from the Tesla crowd looking to get in "on the ground floor". Go to the Nikola site and do some reading. It could be a homerun or it could be the vaporware and you lose it all.
You have been warned.
Ps.. I bought at $18 yesterday morning ( Jan calls 30 strike) and its at $26.50 as I write this. Option action is about 8x normal.
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Borzak
Bronze Baron of the Realm
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I really don't know what to do. I'm an odd person out I know that. Until just recently I invested my money in a few businesses that I knew well and gained some control by investing in them The diversity was near zero but I accepted that risk. Even in 2008-2009 during the downturn it worked out well cause the ones that survived were in great shape to do work that normally gets pushed back year after year. Now all that has ended for the most port. The types of companies that I've put money into in the past have no idea when the taps are going to open on the big project money at all. No use spending billions on maintenance that's been pushed back for years and in some cases decades if you can't keep the doors open till demand ever picks up, if ever.
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As a business owner I feel your pain. I'm luckier than most in that our primary customers are municipalities so we have been kept working. Its one reason I invest in defense contractor stocks. I know who their customer is.
