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.
A thread to discuss anything related to the building and/or concept of a southern US border wall. I'll start:Cruz proposes using funds from El Chapo and other drug money. I still want Mexico to pony up some of the money, but I do like this plan, at face value. See More
"This might work. I spent a night going through his 100 day action plan, and all his actions. Like I said, 16/18 items on his list have been completed. One is in the process, one found a better deal, and one has been recently supplanted by a…"
"I was thinking of this in reading someone's report on his first 100 days. It was a friendly report, but it amounted to 3 parts:
* Actions Trump took without regard to whether they actually worked
* Good things that happened that we'd…"
"I think most Presidents are surprised at how little power they have, and how difficult it is to get things done. I recall similar stories about Obama. They were framed very differently. Where Trump is an idiot who's surprised at how hard his…"
"Sounds like time for a shift. Here are some ideas:
* Read up on depression, or consult a professional. Does it describe you well? I know there are commonalities in grief and depression, but grief is situation-driven and fades (IDK…"