it's time to sell... we're selling everything
- Thread starter GURPS
- Start date
desertrat
0_0
And buying what?
Stock market has been awesome but it is all kind of fake money. Investment doubles but takes triple to live, net is still a 33% loss even if your account shows you have more money than ever so I've slowly been selling off and buying:
Low money- - guns. Wow, not just soon to be banned stuff but pretty much any thing gun related has gone up ever since Obama has been ruining I mean running this country. Last 6 months were good for sales, back to buying again now.
Medium money- gold when it took a dive. I have a lot of gold already but figured it has made the world go around for this long why not get some more. As the dollar becomes worth less than the ink it takes to print it, gold still looks pretty good. I like being able to sell some thing I bought at $500/oz for $1K/oz in less than 20 minutes and nobody else has to know about it. Of course I claim the gain on my taxes and of course when it becomes part of my estate later in life my heirs will claim it so they can pay tax on it and so on, of course.
Big money - property. Rates still low enough (which is keeping prices higher they should be but prices seem to be some what stable to going up). Not many builders have been building so supply and demand is getting more in balance (don't listen to the sky is falling because the furlough, if those people were 1/10 as important as they thought they were...). Prices still low and rates still low, kind of the perfect storm to get in on some deals. People shop the monthly payment and not the total price so expect property to lose some value when rates go up. The good in that is you'll net more money having that low rate than you would by waiting for the price drop and buying at a higher rate.
Low money- - guns. Wow, not just soon to be banned stuff but pretty much any thing gun related has gone up ever since Obama has been ruining I mean running this country. Last 6 months were good for sales, back to buying again now.
Medium money- gold when it took a dive. I have a lot of gold already but figured it has made the world go around for this long why not get some more. As the dollar becomes worth less than the ink it takes to print it, gold still looks pretty good. I like being able to sell some thing I bought at $500/oz for $1K/oz in less than 20 minutes and nobody else has to know about it. Of course I claim the gain on my taxes and of course when it becomes part of my estate later in life my heirs will claim it so they can pay tax on it and so on, of course.
Big money - property. Rates still low enough (which is keeping prices higher they should be but prices seem to be some what stable to going up). Not many builders have been building so supply and demand is getting more in balance (don't listen to the sky is falling because the furlough, if those people were 1/10 as important as they thought they were...). Prices still low and rates still low, kind of the perfect storm to get in on some deals. People shop the monthly payment and not the total price so expect property to lose some value when rates go up. The good in that is you'll net more money having that low rate than you would by waiting for the price drop and buying at a higher rate.