RBS Warns: Sell Everything

Discussion in 'Politics' started by SuperCourse, Jan 12, 2016.

  1. kboomarang

    kboomarang My allah, between pie and mode AD-FREE USER

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    Screw reverse mortgages, looks like student loans and dorms may be the answer for many seniors struggling on social security, pickup a light class load, get a dorm room, hang around the pool, and partake in the bounty of a meal plan in the cafeteria, bonus would be the co-eds who have no need for support hose and beer bongs.
     
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  2. SuperCourse

    SuperCourse Well-Known Member

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    An ethnically diverse cafeteria of course.

    http://www.cleveland.com/metro/index.ssf/2015/12/oberlin_college_students_circu.html

    Oberlin College students protest meals, push for more diversity
     
    Last edited: Jan 16, 2016
  3. runawaytrain

    runawaytrain Wear their scorn with pride.

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    I've got plenty of deer and water and I'm a damn good fisherman and can grow a garden ... A good cross bow and plenty of guns and ammo. In the words of Hank Williams Jr. "A country boy can survive." Many of our ancestors lived many decades in primitive ways. Yet they managed to survive. We as Americans are just a bunch of wimps. My place out in the woods is a bit better. I even have an outhouse. It wouldn't be a cake walk. But I could damn sure do it. If ever I had to. Many wouldn't last a month. Especially the spoiled rotten kids of this generation.
     
    Last edited: Jan 16, 2016
  4. SuperCourse

    SuperCourse Well-Known Member

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    I recall you having excellent timing with your market exit last year, where are you at this year, I went cash last week in December? Plan on staying cash until we see if we're going full blown socialism or not.
     
  5. runawaytrain

    runawaytrain Wear their scorn with pride.

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    Paper money isn't too secure in a collapsing economy. Hope it's in gold.
     
  6. runawaytrain

    runawaytrain Wear their scorn with pride.

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    Things could get a bit dicey ... But I'm ready either way. Paranoid I'm not. But it never hurts to be prepared.
     
  7. Magoo

    Magoo You don't have to be Einstein to figure it out

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    Head to COSTCO and get a pickup load of toilet paper.
    A man should not have to be deprived of the basics
     
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  8. SuperCourse

    SuperCourse Well-Known Member

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    Nothing is secure in a collapsing economy. Anarchy changes everything.
     
  9. kboomarang

    kboomarang My allah, between pie and mode AD-FREE USER

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    I'm still out in a cash fund, but I do look forward to getting back in when the dust settles, timing maybe difficult as I haven't heard anything but uncertainty for the coming months and possible year, I heard on Business Week that historically "as January goes so does the year", but being out already and having the option to jump back into the index funds when your comfortable with your own estimation as to what and where the bottom is, is far better then watching it drop with you in it, you have to be happy with your decision. And realistically timing the bottom probably isn't possible, but getting close enough to be able to absorb any further minimal losses and realize the gains on the upside are worth the risk, and its way better than waiting for it to go up a 100% to regain the 50% your down.
     
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  10. ABFer

    ABFer Well-Known Member

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    I'm getting me a shiny new terlet mounted hiney washer, no more need for terlet paper.
     
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  11. Magoo

    Magoo You don't have to be Einstein to figure it out

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    Now that's real progress
     
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  12. jimmy g

    jimmy g Kook AD-FREE USER

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    Hope you got a backup generator for the water pump, just in case....
     
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  13. Woody

    Woody pecker Champion

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    I'll barter with my fatty.."if you touch this, I'll smoke thiS"
     
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  14. ABFer

    ABFer Well-Known Member

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    I'll cross that bridge if and when I get to it.
     
  15. runawaytrain

    runawaytrain Wear their scorn with pride.

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    Be stingy with funds like me. Cheapskates like me know that index funds aren't my only options. Actively managed blue-chip stock funds with an expense ratio of 0.35% or less have returned 8.5% over the past decade. That's 0.5 percentage point better annually than the S&P 500. A great option: VANGUARD EQUITY-INCOME (VEIPX), charging 0.29%, has outpaced the market's gains by 3.5 points annually over the past 15 years.
     
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  16. runawaytrain

    runawaytrain Wear their scorn with pride.

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    I think things will be fine with the economy. I was just being funny earlier. I will retire in little over a year at 62. Hedge against longevity. An immediate annuity is insurance against outliving your money. Pay a lump sum and you get a fixed payout for life. You can buy one with just part of your savings each year, letting your other money grow. As you shift into annuities, you can hold a greater share of the rest of your portfolio in equities. With more safe income locked in, you're better able to handle the stock market's volatility.
     
  17. slavenomore

    slavenomore US Gov Hears Foreign Corps More Than Nonunions

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    They found ways to take the "fixed payout for life" from the unions.........they'll take it from individuals alot quicker.
     
  18. Woody

    Woody pecker Champion

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    Sell it all...... it's time.
     
  19. Northern Flash

    Northern Flash They will make you look foolish. AD-FREE USER

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    As a country, we need to somehow survive this next year of hell. It's going to be a rough year, and all of the indicators are showing the bad news is on the horizon.
     
  20. Northern Flash

    Northern Flash They will make you look foolish. AD-FREE USER

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    Dang. I'm thinking about pulling a Rodney Dangerfield.
    Although I've never tried a "triple Lindy".
    lol
     

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