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.
"Don't attack them for their faith. It does nothing but make them more and more against you. I found that I would have days where I would want nothing more to burn a church down, bash down religion. But it's their life, and you have yours.…"
Since losing the faith I find I have a difficult time maintaining close relationships with my parents and siblings who are strong believers. We don't fight, we all love each other, but there is a barrier that prevents anything too deep from happening. They are still faithfully waiting and expecting a prodigal son to return, so things seem to be a state of arrested development.I'd love to read about anybody's experience/success with bridging this divide in a healthy way, or of what potential…See More
"You're probably looking in the wrong place and at the wrong girls.
Ignore these idiots who say you "shouldn't judge" or whatever. You laid our your criteria and you know exactly what you want in a woman. Find her and hope you…"
""Silly" and "rigamarole" are hardly personal insults. Perhaps he does find your position silly. He was still respectful of the people supporting it, as far as I read.
I think you're trying to find an excuse to avoid his…"
"I agree that Faith without deeds is dead. God helps, but I have to work at it too. I don't think that praying out of money for your own ambitions that do not have God is good. For example I think its good to pray for success in Him through many…"
"Reread what he wrote. If he was interested in morals or values he'd be asking women about their beliefs and how they behave now, not whether they've ever had casual sex. This is about his own psychological and sexual hang-ups,…"