Hey guys,I have a few questions on investing and hopefully you can answer them. I am starting my first job and have just recently graduated from college. I am debt free, own a car (reliable) and…Continue
"I would say go for it if you have enough financial stability for your family. If you have enough money to potentially put your kids through college (if you go that route), have enough fund in case of emergencies or if something were to occur where…"
"Milk and bread just came to mind first, even if they are awful examples they still represent items that may be exchanged.
In a doomsday scenario, the market will gravitate to something as a form of exchange. Gold and silver are good candidates for…"
"Milk and bread are awful examples, as historically they're often produced by the same households, and they are usually consumed in roughly equivalent quantities. Go back and read Smith and Aristotle. Then read Graeber.
In a world in which US…"
"To explain, I have to go into a little bit of history. Gold as you correctly pointed out has been used for thousands of years as money. So why? Basically exchanges started as barter - "you give me milk and in exchange…"
"Hey, gold worked for Achilles and Aeneas. And the University of Texas.
In a doomsday situation, why would people want gold? I get that gold is a relatively stable commodity, whose price goes up when other commodities decline in price, but why not…"
"Your 401(k) and IRA will probably be mutual funds. Maybe you can find an IRA administrator that lets you choose individual stocks or other commodities, but I can't imagine getting excellent long-term returns that way, if only because…"
"My only concern about gold is that it was the run to commodity a few years ago and as people move back into other investments it may drop out on you. Silver I don't know about. The goal of investing is to diversify your holdings so…"
"Good thread. I can use some of this info myself. I can't speak to the ins and outs of the various options, but I'd suggest keeping at least a portion or your savings in the form of a gold-backed IRA or in physical gold or…"
"A mutual fund is up to you. From my understanding of how they work if you get in now there is the potential for gains as the economy improves, but if things take a down turn you could lose that money as well.
Think of mutual funds as a bunch of…"
"Thanks for the info! I am definitely not planning for SS to be around for me or anyone in the near future! (that's another discussion).
So basically start my company 401(k), Roth IRA, have a checking account, savings account…"
"I would say start a Roth IRA and put in as much as you feel you are able. Think of it this way: With a 401(k) you pay taxes when you take the money out. With a Roth IRA you pay the taxes now. Think taxes are going to go down over the next 50+…"
As usual you have very good points!. Losing ones job will adjust one's lifestyle. I will take note of your idea that insurance will cover the cost. Many policies only cover 80% of the bill. That bill can still…"
"3 months was the pre-recession rule of thumb. 9 months is the most "professionals" have dared to recommend now, that I've seen. If I had to justify the professionals' thinking, I'd consider:
*At some point after losing your…"
"Given that people have taken 1-2 years to find a new job, I have started to wonder if the right emergency fund amount needs to be far greater then 3-9 months. But 3-9 months would cover shocks such as appendicitis or car wreck.
I have the honour to be best man for my buddy of over 25 years, and while he will have a big night out at a dance club with his acquaintances and party friends, he wants a stag day out with just me, and be home by midnight. Our wild days are a long way behind us!The challenge is that he has a cushy media job which has allowed him to do pretty much every dream stag activity as part of his work. In return for saying nice things about stupidly expensive watches, he's flown as a passenger in…See More
"I personally never got great satisfaction from them in my single days, but did not avoid them either. Perfectly normal for humans to crave some good naked fun...this is one answer to it. As long as you are both on the same page about the…"
"Better yet, learn to more consistently bed and satisfy the one you've got.
You accidentally swerved into a pretty good analogy, though. Men who whine about money problems generally suck both at managing the money they have ... and at…"
"When men whine about money problems it is disgusting after a while. When they whine about not getting enough sex from their wives, it's stupid . There's so many other women out there that no man should ever be without sex. Just move on and…"