How To Invest $12,000?

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81

[quote]TheBodyGuard wrote:

[quote]John S. wrote:

[quote]TheBodyGuard wrote:

What is your assurance that if all goes to hell, you will find owners of goods that are willing to commerce in your precious metal? Please answer that.
[/quote]

China will accept Gold. Most people will accept whatever the government decides is currency. All over the world throughout history people have used precious metals for currency, hell we just got off of it back in 71. We also have a lot of gold, more then anyone in the world. Makes sense just to jump back on that.

Gold is something people all around the world want.[/quote]

Well that’s fucking great if I’m starving in NJ. I’m aware of the use of gold throughout history. But the value of gold is determined by a market and an economy. If that falls, what guarantee do you have that gold will be an acceptable form of commerce??? Please answer.[/quote]

Gold has always been accepted, you wouldn’t turn down gold as would anyone else. Nations all over the world accept gold. As long as they accept gold there will be a market. If you look at the Constitution it requires gold and silver, when this fiat dollar crashes just like the last one we will take a look at that claus and start following it again.

If people will accept paper they will accept Gold.

82

[quote]John S. wrote:

[quote]TheBodyGuard wrote:

[quote]John S. wrote:

[quote]TheBodyGuard wrote:

What is your assurance that if all goes to hell, you will find owners of goods that are willing to commerce in your precious metal? Please answer that.
[/quote]

China will accept Gold. Most people will accept whatever the government decides is currency. All over the world throughout history people have used precious metals for currency, hell we just got off of it back in 71. We also have a lot of gold, more then anyone in the world. Makes sense just to jump back on that.

Gold is something people all around the world want.[/quote]

Well that’s fucking great if I’m starving in NJ. I’m aware of the use of gold throughout history. But the value of gold is determined by a market and an economy. If that falls, what guarantee do you have that gold will be an acceptable form of commerce??? Please answer.[/quote]

Gold has always been accepted, you wouldn’t turn down gold as would anyone else. Nations all over the world accept gold. As long as they accept gold there will be a market. If you look at the Constitution it requires gold and silver, when this fiat dollar crashes just like the last one we will take a look at that claus and start following it again.

If people will accept paper they will accept Gold.[/quote]

ill put this to the test in a few weeks…gonna go to nyc to do a little shopping, ill see if i can pay in gold

83

[quote]gsxtacy wrote:

ill put this to the test in a few weeks…gonna go to nyc to do a little shopping, ill see if i can pay in gold[/quote]

Before you attempt that perhaps you should brush up on legal tender laws.

Here is Ron Paul on legal tender laws.

84

Honestly I don’t believe there is a lot of sound investment that can be achieved with 12K (well done on getting there btw). Anyway reducing debt (credit cards etc) and an emergency bucket/fund are great ideas. I don’t know if you own your own home but if you don’t some of this money should go towards doing that. Stay away from animal products, loose women and the stock market.

85

I’m going to have to go with paying down debt and having a cushion to fall back on. Any of you who can’t see that not paying 8% interest is better than making 2% really shouldn’t be giving any financial advice.

86

[quote]John S. wrote:

[quote]TheBodyGuard wrote:

[quote]John S. wrote:

[quote]TheBodyGuard wrote:

What is your assurance that if all goes to hell, you will find owners of goods that are willing to commerce in your precious metal? Please answer that.
[/quote]

China will accept Gold. Most people will accept whatever the government decides is currency. All over the world throughout history people have used precious metals for currency, hell we just got off of it back in 71. We also have a lot of gold, more then anyone in the world. Makes sense just to jump back on that.

Gold is something people all around the world want.[/quote]

Well that’s fucking great if I’m starving in NJ. I’m aware of the use of gold throughout history. But the value of gold is determined by a market and an economy. If that falls, what guarantee do you have that gold will be an acceptable form of commerce??? Please answer.[/quote]

Gold has always been accepted, you wouldn’t turn down gold as would anyone else. Nations all over the world accept gold. As long as they accept gold there will be a market. If you look at the Constitution it requires gold and silver, when this fiat dollar crashes just like the last one we will take a look at that claus and start following it again.

If people will accept paper they will accept Gold.[/quote]

This is the flaw in the logic, you cannot see a time when people will not accept gold in the future only because they have always done so in the past. You discount any and all changes in the way people, in this case Americans, percieve value and gold has always been desired because of its percieved value. Its utility is practicaly worthless.

If we only had to take into account what had happened previously both economics and investing would be easy. But things change, von Mises, not withstanding. and we also have to take into account those things we cannot forsee, things such as innovation, and the creativity of man.

Its not that I disagree that gold, and or other commodities have a place in someones portfolio. Its that your dogmatic assertations of the infalability of your premise reminds me a great deal of the earnestness of doctoral sociology students who plaintiviely state “These things must be true because I have studied them.”. Buying into one school of thought is almost always a deadend.

87

[quote]countingbeans wrote:

[quote]JoeGood wrote:

Its more about individual companies now than industries, IMHO.[/quote]

I have got to agree. Pretty much everyone normalizes earnings. And in a time like this it gets really hard to keep a bunch of losses hidden. So the proverbial cream will raise to the top.

I guess part of the silver lining from this economic meltdown is it should weed out all the bullshit. (Even though that is a pipe dream.)

Wait till the conversion to IFRS, holy shit show, lol. But I could be getting ahead of myself and there could be a significantly higher amount of convergence still to come.

Good trap development BTW.[/quote]

Agreed, I made money comming off the March 09 lows because everyone had thrown the baby out with the bathwater but now. I’m really carefully cherry picking and I’m really starting to believe that we are going to see a minor meltdown in China so that makes me even more skitish about stocks.

Most people don’t get that China has a pretty bad debt problem. Its just being held at the regional level because of central planning.

Thanks, my traps do grow fairly easily but my damn delts won’t gain any size at all.

88

[quote]mc.loaf wrote:
You were planning to “invest” your money by flipping cars?!

If your question the best way to lose your money asap then I’d say go ahead, you’ve got good plan. If, however, you actually meant invest in the sense of handling your money patiently such that you can maximize your returns while minimizing your risk I’d suggest you drop $20 on “The Intelligent Investor” by Benjamin Graham, read it cover to cover, and stop asking for investment advice on a lifting forum.

Really the best thing for you to do since you clearly haven’t done a whole lot (read: none at all) of research is to put it in a CD or index fund and forget about it.[/quote]

The book advice is a great place to start OP, value investing can be applied to more than jsut stocks as well.

89

[quote]John S. wrote:

[quote]TheBodyGuard wrote:

[quote]John S. wrote:

[quote]TheBodyGuard wrote:

What is your assurance that if all goes to hell, you will find owners of goods that are willing to commerce in your precious metal? Please answer that.
[/quote]

China will accept Gold. Most people will accept whatever the government decides is currency. All over the world throughout history people have used precious metals for currency, hell we just got off of it back in 71. We also have a lot of gold, more then anyone in the world. Makes sense just to jump back on that.

Gold is something people all around the world want.[/quote]

Well that’s fucking great if I’m starving in NJ. I’m aware of the use of gold throughout history. But the value of gold is determined by a market and an economy. If that falls, what guarantee do you have that gold will be an acceptable form of commerce??? Please answer.[/quote]

Gold has always been accepted, you wouldn’t turn down gold as would anyone else. Nations all over the world accept gold. As long as they accept gold there will be a market. If you look at the Constitution it requires gold and silver, when this fiat dollar crashes just like the last one we will take a look at that claus and start following it again.

If people will accept paper they will accept Gold.[/quote]

No offense, but you’re fucking hard headed. You keep referring to other nations and history. Well, historically, we always had some working economy and market for the trade of gold. If the market and economy crashes and burns, what guarantee do you have that your local supermarket will start accepting gold? The market gives gold it’s value, nothing else. Frankly, you’re talking like some jungle Mayan oohing and aahing at a shiny gold object you’ve never seen before. What establishes the worth of Gold at any given time??? The fucking market!! Like was said before, gold has no intrinsic value. A hunk of gold with a current market price of $10 is NOT more valuable to me than the same $10 of FOOD. Food, I can consume. The $10 of gold may not be worth $10 tomorrow and, it’s worth nothing if I can’t TRADE it EVERYWHERE for what I require. Do you seriously thing Shop Rite and Acme are going to start accepting gold for my groceries? Seriously? I swear to a man each and every one of you gold guys are a life member of the tin foil hate brigade.

90

[quote]John S. wrote:

[quote]gsxtacy wrote:

ill put this to the test in a few weeks…gonna go to nyc to do a little shopping, ill see if i can pay in gold[/quote]

Before you attempt that perhaps you should brush up on legal tender laws.

Here is Ron Paul on legal tender laws.

He was rebutting your confidence in gold. You just affirmed his tongue in cheek jab at you. Well done.

91

[quote]TheBodyGuard wrote:

What is your assurance that if all goes to hell, you will find owners of goods that are willing to commerce in your precious metal? Please answer that.
[/quote]

I will, but then again… I went the guns and ammo route and lets just say i like shiney things that only cost me a shot or two…

Seriously… plan for retirement now… the sooner you start saving the easier it is… I try to put away 200 a month as a graduate student because long term it makes retirement for me resonable before I die !!

also, a good gun and some training is never a bad idea…

I do have to admit, I like the bussiness case for the Brick though… and State Property is a great movie !! the second one sucked though…

92

guns and lots of ammo my friend. Good as gold.

93

Hookers and blow.

94

[quote]pushmepullme wrote:

[quote]SickAbs wrote:
Invest in some muscle implants and win money doing strongman contests with your newfound muscle.[/quote]

I am so conflicted right now…I love the comment…but it’s SickAbs. I might have to fuck you.[/quote]

Shh… you just wanna feel up on his ‘sick abz’

95

Buy some Thai hookers. Become a pimp. Watch your investment grow. Buy em young so you get some years to recoup your investment. Wear a rubber, or you’re investment will fuck you in a bad way.

96

[quote]Ratchet wrote:

[quote]TheBodyGuard wrote:

What is your assurance that if all goes to hell, you will find owners of goods that are willing to commerce in your precious metal? Please answer that.
[/quote]

I will, but then again… I went the guns and ammo route and lets just say i like shiney things that only cost me a shot or two…

Seriously… plan for retirement now… the sooner you start saving the easier it is… I try to put away 200 a month as a graduate student because long term it makes retirement for me resonable before I die !!

also, a good gun and some training is never a bad idea…

I do have to admit, I like the bussiness case for the Brick though… and State Property is a great movie !! the second one sucked though…[/quote]

State Property stole from the Junior Black Mafia (JBM) that was running philadelphia in the late 80’s early 90’s and of which a good friend of mine was a ranking member - now away for life. Their movie stole everything from their exploits, from the rings they wore to “lay down or get down” which was JBM motto for you buy from us or you don’t sell at all.

97

[quote]NATOR wrote:
5 year compounding CD[/quote]
This. But check out “laddering”.

Basically, you divide your investment into SEVERAL accounts so you start with a 1yr, 2yr, 3yr, 4yr, and 5yr account.

The reason to do this is to make the money accessible IF you’re going to need it since you’re unable to access the account until it’s matured.

Every year you update your investment, taking your matured account, collecting your dividends, and reinvesting THAT into a (for example) 5yr CD (shuffling it to the back of the line). The interest rates are higher for longer CDs from what I understand.

Laddering will yield less total interest at the end of 5yr than if you were to throw it all into one account, but the advantage is the accessibility of the money in case you’re going to need it.

98

[quote]TheBodyGuard wrote:

[quote]John S. wrote:

[quote]gsxtacy wrote:

ill put this to the test in a few weeks…gonna go to nyc to do a little shopping, ill see if i can pay in gold[/quote]

Before you attempt that perhaps you should brush up on legal tender laws.

Here is Ron Paul on legal tender laws.

He was rebutting your confidence in gold. You just affirmed his tongue in cheek jab at you. Well done.
[/quote]

im glad someone understood lol