(sigh) Red, it’s just a simple Mutual Fund Monday.
it’s that time of the month.the sheep are cost averaging in.
poor things. the market makers ran it up days ago, just for this special occasion!
Baaaaaaah.
What ever you do Johnny, do not go to extremes with the money you have. In other words, do not put all your eggs in one basket. If the perfect house does come your way, buy it. Have a little money for gold and a little money to short the market. ( Not options) With the new financial paradigm upon us. We will not have interest rates on the money you borrow. No need to fear with inflation with our new financial system coming in. Their will be NO 40% devaluation in the dollar, this is just more fear mongering by the Illuminati. Johnny, here is a mantra for you. I will make the right financial decision for the highest good for my family’s sake for the coming times. You have all the answers within your self Johnny. I Guarantee ,if you state that mantra 22 times each evening and morning for the next 2 weeks, you will be guided to make the correct decisions.
Thanks Red/WB…I personally think I will end up voting with my heart on this one and try to buy my babies a good home. With as much turmoil as we expect over the next couple years, if I can at least provide some consistency in their life, it will be worth it. If it was just my wife and I, I would probably rent, wait for gold/sliver to initially tank, then buy a butt load and then sit back and look for a bargin home in 2 years. Oh well…
With those little ones in the picture, I have to think a bit differently. Plus my “boss” will be happier buying than renting. She can do that nesting thing 🙂
U know, if you study the Reichmark scenario, there was almost NO way to profit in that scenario. From what I can glean, unless you were in another currency prior to the sudden demise of the Reichmark, or kept your house for five years, there WAS no profit to be made.
That’s a tough one Johnny. I sure that housing prices still have further down to go, but what happens if Bernanke cuts the dollar by 40% overnight as Lindsey Williams said? Then whatever drop in housing that is still coming won’t even compare to the hit you would take with the dollar being devalued.
Then there is gold… will it crash with the market when margin calls hit big institutions? If gold does crash first then the 40% dollar cut will be used to created the “bounce” in the market to stop the panic and cause gold to soar to new highs.
But what if the good guys win and Bernanke doesn’t cut the dollar, as it is supposed to be revalued some how on a “one to one” basis (for people who didn’t make the money through fraud like the banksters). Then you would make out renting for awhile as the housing market find a bargain basement level price.
However, if the bad guys win then renting while keeping you money in cash is going to cost you 40% when they devalue it. Shorting the market is very risky and shouldn’t be done with money you have set aside for another home, and sitting in gold or silver is going to be tough too as you’ll be tempted to sell if it crashes first before a run up to new all time highs.
Let’s face it… gold and silver are going to go up huge over the next year or so, but trying to wait it out when you see your gold/silver position cut in half during the margin call crash is going to be nerve racking. You know it will go back up but you’ll be kicking yourself for not making the right choice.
So, if the good guys win… rent for a year to see the housing market bottom. If the bad guys win… flip a coin and buy gold/silver now or a new house with dollars that aren’t yet devalued by another 40%. All in all… a very tough decision.
I’d like to ask the folks here on this board your opinion. I’ve been fortunate enough to find another job and was able to sell my home. The question I have is: If it were you, would you buy or rent in the new area?Now, I know there are a ton of factors to include in that thought process. Some will be personal and some will be financial. I will say that the “experts” would say to buy based on the rent to purchase price ratio. I am personally torn on the decision. I know guys like Lindsey say to have a paid for roof over your head, but frankly I don’t have that type of equity unless I buy a dump or in a bad area (which I won’t do for the kids sake).
My thought is if I buy, I will be buying with low interest rates and a stronger dollar. Thus if there is significant inflation, I’ll be paying the fixed loan with a weaker dollar (assuming I keep keep employment) and in theory only putting 20% down, thus leverage. On the flip side, there is the opportunity cost. Namely GOLD…I can take the equity I do have and put it into physical PM’s and maybe even short this rigged market at some point.
(sigh) Red, it’s just a simple Mutual Fund Monday.
it’s that time of the month.the sheep are cost averaging in.
poor things. the market makers ran it up days ago, just for this special occasion!
Baaaaaaah.
Ditto.
and get what you need, not what you want.
wants can be unlimited and sometimes a lie.
you’ll sleep much better.
EURUSD Chart update:
http://niftychartsandpatterns.blogspot.in/2012/05/eurusd-chart-update.html
You can never go wrong, going with your heart.
What ever you do Johnny, do not go to extremes with the money you have. In other words, do not put all your eggs in one basket. If the perfect house does come your way, buy it. Have a little money for gold and a little money to short the market. ( Not options) With the new financial paradigm upon us. We will not have interest rates on the money you borrow. No need to fear with inflation with our new financial system coming in. Their will be NO 40% devaluation in the dollar, this is just more fear mongering by the Illuminati. Johnny, here is a mantra for you. I will make the right financial decision for the highest good for my family’s sake for the coming times. You have all the answers within your self Johnny. I Guarantee ,if you state that mantra 22 times each evening and morning for the next 2 weeks, you will be guided to make the correct decisions.
Good luck Johnny, I know you can do it.
Thanks Red/WB…I personally think I will end up voting with my heart on this one and try to buy my babies a good home. With as much turmoil as we expect over the next couple years, if I can at least provide some consistency in their life, it will be worth it. If it was just my wife and I, I would probably rent, wait for gold/sliver to initially tank, then buy a butt load and then sit back and look for a bargin home in 2 years. Oh well…
With those little ones in the picture, I have to think a bit differently. Plus my “boss” will be happier buying than renting. She can do that nesting thing 🙂
U know, if you study the Reichmark scenario, there was almost NO way to profit in that scenario. From what I can glean, unless you were in another currency prior to the sudden demise of the Reichmark, or kept your house for five years, there WAS no profit to be made.
That’s a tough one Johnny. I sure that housing prices still have further down to go, but what happens if Bernanke cuts the dollar by 40% overnight as Lindsey Williams said? Then whatever drop in housing that is still coming won’t even compare to the hit you would take with the dollar being devalued.
Then there is gold… will it crash with the market when margin calls hit big institutions? If gold does crash first then the 40% dollar cut will be used to created the “bounce” in the market to stop the panic and cause gold to soar to new highs.
But what if the good guys win and Bernanke doesn’t cut the dollar, as it is supposed to be revalued some how on a “one to one” basis (for people who didn’t make the money through fraud like the banksters). Then you would make out renting for awhile as the housing market find a bargain basement level price.
However, if the bad guys win then renting while keeping you money in cash is going to cost you 40% when they devalue it. Shorting the market is very risky and shouldn’t be done with money you have set aside for another home, and sitting in gold or silver is going to be tough too as you’ll be tempted to sell if it crashes first before a run up to new all time highs.
Let’s face it… gold and silver are going to go up huge over the next year or so, but trying to wait it out when you see your gold/silver position cut in half during the margin call crash is going to be nerve racking. You know it will go back up but you’ll be kicking yourself for not making the right choice.
So, if the good guys win… rent for a year to see the housing market bottom. If the bad guys win… flip a coin and buy gold/silver now or a new house with dollars that aren’t yet devalued by another 40%. All in all… a very tough decision.
I’d like to ask the folks here on this board your opinion. I’ve been fortunate enough to find another job and was able to sell my home. The question I have is: If it were you, would you buy or rent in the new area?Now, I know there are a ton of factors to include in that thought process. Some will be personal and some will be financial. I will say that the “experts” would say to buy based on the rent to purchase price ratio. I am personally torn on the decision. I know guys like Lindsey say to have a paid for roof over your head, but frankly I don’t have that type of equity unless I buy a dump or in a bad area (which I won’t do for the kids sake).
My thought is if I buy, I will be buying with low interest rates and a stronger dollar. Thus if there is significant inflation, I’ll be paying the fixed loan with a weaker dollar (assuming I keep keep employment) and in theory only putting 20% down, thus leverage. On the flip side, there is the opportunity cost. Namely GOLD…I can take the equity I do have and put it into physical PM’s and maybe even short this rigged market at some point.
Thoughts?
I’ll be interested to see if they start the sell off just after Legatus ends or wait until the June Bilderberg meeting?