The next few years. Does diversity matter?

Dave Taylor

Dave Taylor

Rex kwan Do
I am still trading futures and options but would like a place to put some of my profits. I've also come across a second income stream(NG royalties from Pa). The dollar has lost considerably this year and precious metals looks to finally be blowing off the top. I'm going to add some more spxl and tqqq when the time comes but I'd like to see others' thoughts. Times are changing, where is money flowing. Currently I have the bulk of my uninvested money in a discover high yield savings as well as I bonds. I'm also in the process of selling my Pa house so I'll have some additional funds to invest.
 
The reason I write this as last week we had a huge liquidity crisis. Not panicking, but I believe slowly the dollars unwinding as the world reserve currency if half an overnight or even in the next year or five, but like all the currencies, it will happen it’s inevitable. We saw generations of wealth fall out of silver last week $7 trillion drop out US financial markets yes sign out, short-term is buy the dip. We are in an up trend. Last week bank rolls were hit on some regional banks again like in 2023. This can be scary if it happens in your area. Imagine you have $100,000 in the bank but you can’t access it. This stuff actually happens so I was just looking to see what other thoughts are. @Patrick
 
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Pick one of the old proven mutual funds, something with a few decades of growth, odds are it will weather most storms. I like FCNTX.
"Devil Take the Hindmost" and " A History of The United States in Five Crashes" for your reading list.

If things really go to hell, everyone who doesn't already own a yacht and a private jet will suffer and starve.
 
hevysrf said:
If things really go to hell, everyone who doesn't already own a yacht and a private jet will suffer and starve.
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Without the necessary infrastructure a yacht or a jet is useless. Without fuel you're not going anywhere. To get fuel you'll need a company (not just some people) to produce the oil, then a different set to refine it, then a different group to transport the final product to where it is needed (oh,, and the monetary structure to pay for all those activities). At least with a yacht it can just float in the sea without fuel but a jet can't hover in the air so it is just reduced to a nice tube for you to sit in. This is not to mention the staff needed to keep them operational. People laugh at preppers but now they're talking about doomsday. As they say, there are two times when it's a good time to start prepping. First time is 20 years ago and the other time is now.
 
Tony quoting 1984 ?

Ammunition and Food sounds like the a good base to work off.
if money is no good - gold is probably no good unless you have a militia to protect it.
even then, who are you trading with?
Going full apocalypse isn't really on the table, is it?

Seriously - I just purchased an international fund for the first time.
Otherwise just going to wait it out.
If it is a long term investment, and the country is still going to be around in 20 years for your retirement,
then it is just a number on a piece of paper.

Can't really call it a plunge without calling what happened a surge - portfolios shouldn't double in a year.
Just like when I went down last March(??), the 1yr chart will look like a huge jump off the low.
 
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tonyride said:
Without the necessary infrastructure a yacht or a jet is useless. Without fuel you're not going anywhere. To get fuel you'll need a company (not just some people) to produce the oil, then a different set to refine it, then a different group to transport the final product to where it is needed (oh,, and the monetary structure to pay for all those activities). At least with a yacht it can just float in the sea without fuel but a jet can't hover in the air so it is just reduced to a nice tube for you to sit in. This is not to mention the staff needed to keep them operational. People laugh at preppers but now they're talking about doomsday. As they say, there are two times when it's a good time to start prepping. First time is 20 years ago and the other time is now.
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I think the point is that the yacht and jet club has already buried their soup and ammo and then some.
 
Patrick said:
Tony quoting 1984 ?

Ammunition and Food sounds like the a good base to work off.
if money is no good - gold is probably no good unless you have a militia to protect it.
even then, who are you trading with?
Going full apocalypse isn't really on the table, is it?

Seriously - I just purchased an international fund for the first time.
Otherwise just going to wait it out.
If it is a long term investment, and the country is still going to be around in 20 years for your retirement,
then it is just a number on a piece of paper.

Can't really call it a plunge without calling what happened a surge - portfolios shouldn't double in a year.
Just like when I went down last March(??), the 1yr chart will look like a huge jump off the low.
Click to expand...
If the collapse is at the level you're suggesting then yes, I agree that having physical gold and silver is useless. However, if a significant collapse does happen I don't think it would be so drastic as depicted in many science fiction books and films where everyone is fighting for the last morsal of food and drop of water. I believe there will always be a need for some form of money or currency to be used purchase or trade for goods and services. With the dollar now being backed by nothing but the full faith of the government only, that's not going to mean much if and when the value of it drops. Is precious metals the end all be all? No, nothing is. This is why diversifying is important. You don't know how things are going to go so you prepare for as many different possibilities as you can when you have the means to do so. That's just my opinion. I'm not saying everyone should do the same. Everyone's situation and priorities are different, I'm just saying I think this is what work for me... I think.
 
Didn't say that the yacht or jet would be useful, but they are the trappings of F U money .
Look at which corporations have the longest histories, Sumitomo, Mitsubishi, ThyssenKrupp, and Farben, have weathered the complete collapse of their home countries. Several US companies prospered prospered during the Great Depression, Coke, GE,Hughes.

Odds are in your favor if you back the big boys.

I would say prepping is useless because you never know what to prep for.
 
hevysrf said:
I would say prepping is useless because you never know what to prep for.
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I understand your position and I respect that. I guess I'm just different. I would rather prepare for something I may never need than to not prep and finding out I need it. I know I've said this before in another thread, it's like car and home owners insurance, firearms, back-up generators, and precious metals. Things you buy hoping you never have to use.
 
hevysrf said:
Didn't say that the yacht or jet would be useful, but they are the trappings of F U money .
Look at which corporations have the longest histories, Sumitomo, Mitsubishi, ThyssenKrupp, and Farben, have weathered the complete collapse of their home countries. Several US companies prospered prospered during the Great Depression, Coke, GE,Hughes.

Odds are in your favor if you back the big boys.

I would say prepping is useless because you never know what to prep for.
Click to expand...
brk.b
 
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