PILOT SPIN
Spin Zone => Spin Zone => Topic started by: Johnh on January 12, 2016, 08:59:47 AM
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RBS thinks so"
http://money.cnn.com/2016/01/12/investing/markets-sell-everything-cataclysmic-year-rbs/
I don't really know too much about RBS, but others like Morgan Stanley have written similar recommendations. I have already moved some of my portfolio ( about 25%) into cash, (mainly because I may buy a house for cash soon). I sent my advisor an email asking his opinion.
Just for grins, and not for investment advice, is your opinion?
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My advice: Cash and precious metals buried in the back yard.
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nah - wait for the Nov 16 elections to get over with.
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nah - wait for the Nov 16 elections to get over with.
Yep, the Fed/Dem partnership will keep trying to artificially prop up the markets until after the election. But, I said "try". There's always a chance they fail to do so, but I doubt it. Its all up to Henning anyway. ;D
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My advice: Cash and precious metals buried in the back yard.
Pain meds and reading glasses.
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Ammunition.
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Being retired, this is something I worry about all the time. I left part of my IRA money with Chase to manage. While it is still up from where it started, if the market continues a downward trend I'll have a decision to make. Chase won't be happy as they're making good money off of it.
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RBS thinks so"
http://money.cnn.com/2016/01/12/investing/markets-sell-everything-cataclysmic-year-rbs/
I don't really know too much about RBS, but others like Morgan Stanley have written similar recommendations. I have already moved some of my portfolio ( about 25%) into cash, (mainly because I may buy a house for cash soon). I sent my advisor an email asking his opinion.
Just for grins, and not for investment advice, is your opinion?
Who really knows?? Shoot, if I were really good at investing, I'd have an island in the Caribbean and some kinda turbine on floats.
Personally think you are prudent to be cautious and have a healthy cash balance. Lots of turmoil out there in the world but believe our economy has the best "insulation" of any other. China is turning out to NOT be that all powerful dragon, and most of the rest of the world's economies are worse than ours. The price of oil is great for most everyone except those in the oil business -but- that could change in a flash if someone shoots the wrong person. Don't believe 2016 will be a catastrophe.
So... I like high quality bonds, dividend stocks, TIPS and starting to think about energy. Beyond that, I haven't a clue.
Gary
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Ammunition.
For lunch or dinner? Never found a recipe that made them edible. ;D
Gary
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Ammunition.
For lunch or dinner? Never found a recipe that made them edible. ;D
Gary
Both...well placed lead can make delicious lunches and dinners over a several day period.
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Ammunition.
For lunch or dinner? Never found a recipe that made them edible. ;D
Gary
lol! Gary. Good point, but as Joe said, it does give you the option to hunt game, and also defend what you have. These SHTF/TEOTWAWKI scenarios always crack me up as they are HIGHLY unlikely. But, I have seen power go down, and people start getting weird after a few days, especially when you can't pump gas, and all the refrigerator/freezers at the supermarket are down.
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Ammunition.
For lunch or dinner? Never found a recipe that made them edible. ;D
Gary
lol! Gary. Good point, but as Joe said, it does give you the option to hunt game, and also defend what you have. These SHTF/TEOTWAWKI scenarios always crack me up as they are HIGHLY unlikely. But, I have seen power go down, and people start getting weird after a few days, especially when you can't pump gas, and all the refrigerator/freezers at the supermarket are down.
TEOTWAWKI?? Had to look that one up. ;D Guess it depends on just how the world as we know it ends. If it's nuclear, not sure anything has any long term benefits. If it's an economic collapse, yes I can see how having firearms would be an advantage.. IF you know how to hunt, IF there is game available and IF your competition from all those others with the same idea, is low.
As far as home defense in the case of the world ending, well... maybe. I'm pretty confident that I could defend my home from a single or pair of assailants. Against a mob of 5 or more, determined and equally armed, my chances go down astronomically. My home isn't built of pre-stressed concrete and steel, it isn't a bunker and a group of assailants are going to win in the end.
Gary
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As far as home defense in the case of the world ending, well... maybe. I'm pretty confident that I could defend my home from a single or pair of assailants. Against a mob of 5 or more, determined and equally armed, my chances go down astronomically. My home isn't built of pre-stressed concrete and steel, it isn't a bunker and a group of assailants are going to win in the end.
Gary
Maybe get some ideas from Dustin Hoffman's character in "Strawdogs" ;-)
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As far as home defense in the case of the world ending, well... maybe. I'm pretty confident that I could defend my home from a single or pair of assailants. Against a mob of 5 or more, determined and equally armed, my chances go down astronomically. My home isn't built of pre-stressed concrete and steel, it isn't a bunker and a group of assailants are going to win in the end.
Gary
Agreed. Or an armed, military element hell bent on taking our guns! :)
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As far as home defense in the case of the world ending, well... maybe. I'm pretty confident that I could defend my home from a single or pair of assailants. Against a mob of 5 or more, determined and equally armed, my chances go down astronomically. My home isn't built of pre-stressed concrete and steel, it isn't a bunker and a group of assailants are going to win in the end.
Gary
Agreed. Or an armed, military element hell bent on taking our guns! :)
Yep! There is that!
Gary
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As far as home defense in the case of the world ending, well... maybe. I'm pretty confident that I could defend my home from a single or pair of assailants. Against a mob of 5 or more, determined and equally armed, my chances go down astronomically. My home isn't built of pre-stressed concrete and steel, it isn't a bunker and a group of assailants are going to win in the end.
Gary
Maybe get some ideas from Dustin Hoffman's character in "Strawdogs" ;-)
Not a bad idea! Maybe "Home Alone" might also be a good resource! ;D
Gary
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As far as home defense in the case of the world ending, well... maybe. I'm pretty confident that I could defend my home from a single or pair of assailants. Against a mob of 5 or more, determined and equally armed, my chances go down astronomically. My home isn't built of pre-stressed concrete and steel, it isn't a bunker and a group of assailants are going to win in the end.
Gary
Maybe get some ideas from Dustin Hoffman's character in "Strawdogs" ;-)
Not a bad idea! Maybe "Home Alone" might also be a good resource! ;D
Gary
nope - Home alone was defending against a couple of guys. Strawdogs was against a mob.
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Investing is all about your age and your timeline.
If I were 20, I'd be buying right now like there's no tomorrow.
But I'm almost 60, so I'm almost out of the game. Young=risk on Old=risk off.
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Our company used to handle our 401(k) investments for free, and they did a STELLAR job. A couple of years ago they turned it over to NYL (now John Hancock) who charges around $2K/year per account. They managed to lose me $23K last year and only charged me $1,800 to do it.
Yes, I bitched about it. Their reply was that I'd have lost so much more if they hadn't been in charge. oy vey.
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Currently down about $12k and only $16k from where I started when I let Chase take this over when I retired in 2011.