13 hours ago, PoodThaiMaiDai said:

Since I was born it has averaged 8.6% without the dividend returns and over 10.5% with dividends added.

 

So if invested into an index fund and over long enough time periods you're talking about 100% free money? That sounds crazy to me but I've been hearing a lot about how the rich get richer.

Do we really need yet another crypto-evangelism / crypto-cult topic?  

 

Maybe all this stuff should go in a Crypto Currency sub-forum?

 

.

Loading up with more XRP - it's on discount sale at the moment but when the SEC court case finished and USA can buy again it will zoom up.

5 minutes ago, BobBKK said:

Loading up with more XRP - it's on discount sale at the moment but when the SEC court case finished and USA can buy again it will zoom up.

Good tip, and yes it's on sale.

 

19 minutes ago, Stocky said:

Do we really need yet another crypto-evangelism / crypto-cult topic?  

 

Maybe all this stuff should go in a Crypto Currency sub-forum?

 

.

This is not about crypto, just some t hi ink it's a wise investment at the moment

Real estate, and gold (bullion and shares), with a small parcel of shares in some other stocks.

Real estate, and gold (bullion and shares), with a small parcel of shares in some other stocks. 

4 minutes ago, Neeranam said:

This is not about crypto, just some t hi ink it's a wise investment at the moment

But it is.

You start all these threads in order to peddle your crypto-theology.

 

They invariably end up generating plenty of heat but very little light.

 

.

I'll take some polkadot of neeranam's hands for 10.76 US$

Haven´t found a place big enough yet.

Please remember that as with most other things, there is an opportunity cost when holding shares/stocks/gold in the USA, and that is US dollar inflation - recently at 7% but definitely going higher. Janet Yellen says it will subside by 2023 but the Fed and US Treasury constantly try to bamboozle the public. True inflation in the US (it varies for all of us) is somewhere in the 12% - 15% range. 

 

Thus, for those whose stock value has risen by 10% in the past 12 months, it has consequently been net eroded by inflation in a range of 2%-5%.

 

By the same token, factoring in inflation, US Treasuries are all negative-yielding. For those with money in the bank, you are paying the bank to hold on to your funds.

 

Those on this forum who have trotted out some trite old stuff need to take a course in Finance 101,

or stop posting on here.

 

The Fed has said they will begin to taper stimulus, and interest rates will rise. For how long do you think this will happen? The USA already can't service its debt, there is a shortfall of trillions of dollars. If interest rates rise, so does debt-servicing. 

 

It ain't gonna happen.

 

If you don't believe me, take a look at the US Debt Clock. Google it - you will be shocked, and that is the direction your money is taking!

5 hours ago, BritManToo said:

No problem for me as I don't have any earnings.

If I have any money left over at the end of the month, I invest it in more beer.

LOL....you beat me to it, I was just about to say exactly the same thing. ????

14 hours ago, Neeranam said:

With stocks crashing, bank interest practically zero, where are you putting your money?

all balls in with cryptos, where else? ????

Under my pillow as always or into my stockings.

But please don't tell anybody.

40 minutes ago, Pravda said:

I'll take some polkadot of neeranam's hands for 10.76 US$

My limits are set starting at $60

19 minutes ago, Neeranam said:

....instead of criticism of others.

Then it be but an echo chamber, rather than a forum.

46 minutes ago, allanos said:

If you don't believe me, take a look at the US Debt Clock. Google it - you will be shocked, and that is the direction your money is taking!

The other day on another blog someone wrote a really concise and correct summary of where we are currently with central banking and debt/currency. Sharing it here without attribution to the original author.

 

Quote:

 

Rather than the Fed being particularly great at its job, I’d say that, like America itself, the fed is burning through capital built by it predecessors. By the early 1980s, the fed’s fund rate was at an astonishing 19%. In addition, private and public debt was at ~160% of GDP.

 

This gave the fed a lot of room to play with. At first, it just used interest rates. Every time the economy or market show any signs of distress, lower rates. Then, in the recovery, you raise the rates back up, but not as high as they were before the recession, which allowed the recession to keep going. This also allowed for more and more financialization, i.e., debt, which, of course, boosted the economy.

 

When the Dot-com bubble burst, Greenspan dropped rates to nearly zero, causing the investors to look for yield which very much pushed the housing bubble and driving total debt to GDP to 370%. When the fed tried to raise rates back up again, the market and economy collapsed. The debt was just too high to service, and you had a good old fashioned banking crisis.

 

The fed then dropped rates to zero for the first time since the 1930s, but it wasn’t enough because the debt was too high, so the fed printed money to save the banks. Again, they weren’t geniuses. They did what governments have done throughout history.

 

But fine, the fed did what it had to do to avoid another depression. But the debt was still there and rates were still crazy low.

 

This was the moment when the “experts” should have said, “it’s going to hurt, but we have to fix this. We have to get the debt down and gets rates higher. We didn’t a have crash, but the next ten years are still going to suck as right the ship.”

 

But they didn’t. The fed kept rates at zero and continued to print money to keep the economy alive. After initially falling from 370% to ~340%, total debt to GDP flattened out. There was no great deleveraging. Households got the message but corporations and the government kept borrowing more.

 

Everyone knew that the problem was still there. The fed had just avoid dealing with it. Hell, the stock market and economy started puking when the fed tried to raise rates to 2% in the middle of the best economy in a decade. Did the fed stick to its guns? No. It dropped rates again.

 

Even before Covid the repo market collapsed and the fed papered it over. Again, avoid, avoid, avoid. These aren’t experts, they’re cowards. We were heading for a recession even without Covid. Indeed, Covid gave the fed some cover.

 

Regardless, when Covid hit, the fed was out of weapons. Rates were already near zero. So, the fed went nuts with QE, but even that wasn’t enough. This time we need huge fiscal stimulus to go with monetary stimulus.

 

You’ll notice that there’s a very logical progression since the early 1980s. 1) Lower rates at the hint of trouble, but don’t raise them to their previous high after the recession. 2) When rates hit zero, QE. 3) When rates hit zero and even massive QE isn’t enough, fiscal stimulus through massive borrowing, much of which is financed through the fed.

 

But the experts have hit the end of the road, because option #3 is causing inflation (along with other things). The economy is pushing back for the first time. The experts were doing anything special for the past 40 years. They were just using up capital built from the 1940s to the early 1980s. They were trust fund kids who finally blew threw their money.

 

Now, the fed and govt are stuck. The economy is addicted to cheap money, but when the economy goes into recession, it’s in such bad shape that it needs QE and fiscal stimulus. But that leads to inflation – and voters really hate inflation. But raising rates isn’t possible because the debt load can’t handle it.

 

The fed and govt have two choices:

 

1. Leave rates low and let inflation run, which helps lower debt to GDP but pisses off voters. Also, if inflation gets out of hand, you have a serious problem.

 

2. Raise rates and tank the economy.

 

“Experts” wouldn’t have put themselves in this position. They had 40 years and a lot built-up capital to run the economy and money supply smoothly, and they blew it.

2 hours ago, Mr Meeseeks said:

This is how I am positioned at the moment:

Crypto 40%

Real estate 30%

Stocks 10%

Luxury watches 10%

Precious metals (gold) 10%

I bought a nice Longines last month as I liked the look. I doubt I can make anything on it, maybe not classed as luxury.

What brand do you recommend as an investment?

14 hours ago, PoodThaiMaiDai said:

It is impossible to time the stock market, so I always keep my money in the SP500.

 

Since I was born it has averaged 8.6% without the dividend returns and over 10.5% with dividends added.

 

I like those odds and invest for long-term even at age 57.  

 

Last year many people tried to time the market and got out.  

 

Pre dividends, the SP500 was up 26.89% in 2021.

 

Yes, I lost some money so far in 2022, but over the last 2 years I have funds in there to cover any stock market corrections.

 

You only lose money if you overreact and sell when it is down.  It will always rebound over time.

 

I came here to say exactly this. Quality reply 

3 hours ago, Neeranam said:

CIA created bitcoin so they could follow the stream of money from terrorists and the drug Barons.

 

It is as fishy you can get it, but a good baith if it was true.

2 hours ago, Mr Meeseeks said:

No need to trade, I'm farming in stables and earning interest. ????

Would you recommend holding stablecoins, getting say 10% pa and taking a mortgage at say 5%, rather than selling the coins to buy a house? 

I often wonder why a person who invests your money is called a 'Broker'?

Just now, Hummin said:

CIA created bitcoin so they could follow the stream of money from terrorists and the drug Barons.

 

It is as fishy you can get it, but a good baith if it was true.

Hmm, I didn't know that.  I thought Satoshi Nakamoto was British. 

10 hours ago, Gecko123 said:

Shouldn't that read: "With stocks correcting, crypto currencies crashing, and interest rates rising, where are you putting your money?"

 

and for most, shouldn't that read - - 'my bills are all due and the baby needs shoes and I'm busted... cotton is down to 1/4 of a pound...'

 

For me I have an amount wagered on a short on the nasdaq [shootin' from the don't pass line] and the rest on the sidelines waiting... 

There is areas now being next in line for chanote land title, and if you want a long term investment, land is a good investment if you have a lady you can trust. Just bought another land plot and now the ampure making new names and will make chanote, but we know it still can take time. 

3 minutes ago, Neeranam said:

Hmm, I didn't know that.  I thought Satoshi Nakamoto was British. 

Can you prove it? 

 

FB is also made by CIA

2 minutes ago, Hummin said:

There is areas now being next in line for chanote land title, and if you want a long term investment, land is a good investment if you have a lady you can trust. Just bought another land plot and now the ampure making new names and will make chanote, but we know it still can take time. 

I've been keeping a close ey on houses and land in Hua Hin. With foreign owners stuck abroad and no tourists coming, prices are coming way down.

2 minutes ago, Hummin said:

Can you prove it? 

 

FB is also made by CIA

It is called Meta now. Actually, I have invested in the metaverse, and am big on this startup. 

https://www.holoride.com/

25 minutes ago, Neeranam said:

There is an ignore button.

Ignore buttons are for children

2 minutes ago, Neeranam said:

I've been keeping a close ey on houses and land in Hua Hin. With foreign owners stuck abroad and no tourists coming, prices are coming way down.

I would not buy land in Hua Hin since there is a high risk and also to high prices on the land. House properties the same. 

 

It was down last year, but I also registered the prices popped up again before end of the year.