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Cash Your Risky Stocks More

Cash Your Risky Stocks

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  • Been saying for a while '07 was gonna be shitty...
  • I'm more concerned that my savings aren't in Swiss bond funds. (the Swiss Franc is very inflation proof, and a much better investment than gold to boot)
    • mine are in rice, beans and ammo....
      • Sounds good, but I'm also grabbing me some coal and nuke related stocks, too.

      • Re: (Score:2)

        by ces ( 119879 )

        mine are in rice, beans and ammo....

        You are presuming a total collapse of the world financial system. I see few scenarios where I wouldn't be able to access money that was in a Swiss Bond fund or where that money didn't maintain its present-day value against inflation or a collapse of the dollar.

        If you are going to go the survivalist route I'd add a good stock of liquor, cigarettes, batteries, porn, and TP to the horde. Basically anything that stores well and will be in high demand in a full-on shit-hits-the-fan scenario. Even if you won't u

        • 50 gallon drums of potable water. After a week, people get pretty desperate for water.
          • Got two 55 gallon drums sitting outside next to my faucet, filled and all covered up, and have quite a few more that could be filled easily. We have a well, plus a huge pond/small lake right up the driveway. That and water filters, we have a variety of them. The two berkeys are the best quality though.

            My parents and grand parents generation all went through the great depression, I listened to the stories a lot when I was younger. The big deal is-things can change *fast*, and stuff the wall street and banker
        • I see nothing to prevent a total collapse of the electronic promises for money scenario. Electronic IOUs from overseas are risky no matter what. A big part of it is that the banks that trade gold have been cooking the books on it, check out some of the GATA info for more on that.

          http://www.gata.org/ [gata.org]

          As to the total survivalist deal, I have been one for a long time and write on it and consult on it sometimes, threat analysis and mitigation. I don't stockpile the "vices" though, even though they can be valuabl

          • Re: (Score:2)

            by ces ( 119879 )

            I see nothing to prevent a total collapse of the electronic promises for money scenario. Electronic IOUs from overseas are risky no matter what. A big part of it is that the banks that trade gold have been cooking the books on it, check out some of the GATA info for more on that.

            The trick is to find where the smart money is. A fair bit is invested in various Swiss Franc denominated accounts. As I said I see few scenarios that would lead to this becoming completely inaccessible as a fair number of dominoes would have to fall pretty quick.

            In any case the point is moot for me for the moment as I don't really have any emergency supplies nor my money in anything other the standard accounts.

            I won't buy stocks at all because I think the system is totally corrupt, and I don't buy any bonds because I think it is a ripoff for the next generation, they shouldn't have to pay for the excesses done by the politicians today. So, I invest otherwise with whatever spare FRNs I have (not much, but slow and steady)

            Well how evil bonds are depends on what they are for. Small amounts of debt aren't necessarily a

            • I agree somewhat on the bonds, I think they are overused a lot though, for dubious purposes. For example, professional sports stadiums-why? The big leagues have their own cash, it should be self supporting all the time. And it really hurts those on fixed incomes, say some elderly folks finally got their home paid off and are now in retirement-then property taxes keep going up to pay for bond issue after bond issue. And at the federal level it is even worse, the US gov is so far in debt it really is being pa

              • Re: (Score:2)

                by ces ( 119879 )
                Well note the sort of bonds I was advocating earlier were bonds from various sorts of Swiss Government entities (Federal, Canton, city/town). From my understanding most government entities in Switzerland are quite fiscally responsible so most of the bonds are covering things like schools, roads, water projects, airports, and the like.

                In any case you pretty much have to look at bonds on a case-by-case basis both corporate and government. Both as an investment and if they are a wise way of financing something
                • Well, this is true I guess. I just never have gotten much into paper financial products. Do you get good returns? On my hard, round and shiny I do pretty good every year, and I hold the physical. When it gets to the point I need a forklift to move the hard currency part of my portfolio around, I'll think about diversifying more ;)

                  • Re: (Score:2)

                    by ces ( 119879 )

                    Well, this is true I guess. I just never have gotten much into paper financial products. Do you get good returns? On my hard, round and shiny I do pretty good every year, and I hold the physical. When it gets to the point I need a forklift to move the hard currency part of my portfolio around, I'll think about diversifying more

                    Again, I'm not really to that level yet. I do think one can invest without it being a suckers bet. The big things are have a long time horizon, don't follow the crowd, don't believe the hype, and don't forget the fundamentals (IOW know what the instruments you are investing in are based on).

                    Personally I think precious metals are pretty to look at but a suckers bet as an investment. This may come from knowing a silver nutter who was just convinced that metals were going to take off any day now as soon as th

                    • Re: (Score:1)

                      by zogger ( 617870 )
                      How did he lose money? You sit on it, it goes up. I guess if you are day to day swapping it around trying to make a nickel an ounce or something, but for the long haul, shoot. Works well.
  • Wait a couple of months, then go out and have a field day buying up smallcaps. Hang onto them for a year or so at least. You'll be happy.

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