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-   -   Out of the market today... (http://forums.pelicanparts.com/off-topic-discussions/561148-out-market-today.html)

on2wheels52 08-27-2010 02:34 PM

Quote:

Originally Posted by dtw (Post 5529967)
Yep. I've been out since early 2008.

And into what? I haven't made any serious changes in my stock and fund portfolio since '05 (other than a bit of house cleaning). I haven't been able to add much more than IRA money (two kids in college have taken care of any excess). I have maybe 10% in gold but then I can aquire it commission free as it comes in the shop.
I'm not interested in real estate but would like to hear of a reasonable alternative to the stock market.
Jim

RWebb 08-27-2010 02:54 PM

probably the worst thing to do is to buy a lot of bonds right now

Bill Verburg 08-27-2010 03:03 PM

Quote:

Originally Posted by RWebb (Post 5530034)
probably the worst thing to do is to buy a lot of bonds right now

Truer words are rarely spoken.

as noted elsewhere the problem is where are you going to put the money
Tips?
rising rates?
emerging market bonds?
gold?

diversification, keeping in mind your particular situation, is still the best policy,

I've been ok w/ my dividend paying stocks, they certainly have a much better yield than cash, though total return is dismal for the past couple of years.

I still can't see selling the bulk of the stock portion in this market, but then I don't need the cash for anything and the dividend stream is being reinvested.

Everyone's situation of course will be different

sammyg2 08-27-2010 04:04 PM

I agree. Over the past 6 months I've moved most of my liquid assets into a blend of precious metals, tax free municipals and money market.
AFAIK, the market is not the place to be right now.

jjwood 08-27-2010 04:12 PM

Hey I was only half kidding about a 962. What's everyone's guess on the potential increase in value of 'certain' Porsches such as a 962 or a 959 or a 73 RS? Might they not be a good investment alternatives to stock / bond market or real estate? How liquid would they be and how liquid would they 'need' to be (probably as liquid as real estate)

nostatic 08-27-2010 04:14 PM

I'm either lazy or stupid (or both). I have a rainy day savings account, and sock money into a TIAA-CREF retirement account every month that is split between stocks and annuity. And I largely ignore it. I won't touch it for another 20 years at least. In another 5 or 10 years I'll probably change the allocation a bit. Beyond that I don't deal with any other investment stuff. Gives me a headache...

tabs 08-27-2010 04:16 PM

Quote:

Originally Posted by sammyg2 (Post 5530126)
I agree. Over the past 6 months I've moved most of my liquid assets into a blend of precious metals, tax free municipals and money market.
AFAIK, the market is not the place to be right now.

U put your muney into Muni's after the doom and gloom shyte you spout...I guess U don't believe what you preach.

tabs 08-27-2010 04:17 PM

Quote:

Originally Posted by dtw (Post 5529967)
Yep. I've been out since early 2008.

And U shoulda bin back in in April or May of 2009.

Bill Douglas 08-27-2010 05:02 PM

It may be a local thing but at a recent antique arms and collectables auction people were going nuts spending money. An example being a colt .45 liberator got passed in, no bids, for about USD$560 eight months ago, then three weeks ago one in the same condition sold for USD$980. Huge money was being paid for machine guns, Sten guns (etc) and American Civil war items. Maybe... he says hesitantly, collectables are a good place to dump money.

nostatic 08-27-2010 05:31 PM

Quote:

Originally Posted by island911 (Post 5529961)
This culture of manipulating money to gain wealth has to end.

Careful...you might get branded for that kind of talk

http://forums.pelicanparts.com/off-topic-politics-religion/561137-thich-nhat-hahn-interview.html

Jim Bremner 08-27-2010 08:54 PM

so, is it time to buy industrial real estate?

I'm teetering on taking out some of my retirement fund to buy a warehouse for my small company.

lendaddy 08-27-2010 09:47 PM

I'm waiting for Dipso to report on how the guys at the hardware store are doing before I make any rash moves.

flatbutt 08-28-2010 06:14 AM

Quote:

Originally Posted by Jim Bremner (Post 5530527)
so, is it time to buy industrial real estate?

I'm teetering on taking out some of my retirement fund to buy a warehouse for my small company.

A friend of mine is a commercial RE agent. Prices have never been lower says she.

id10t 08-28-2010 06:33 AM

Quote:

Originally Posted by Bill Douglas (Post 5530220)
It may be a local thing but at a recent antique arms and collectables auction people were going nuts spending money. An example being a colt .45 liberator got passed in, no bids, for about USD$560 eight months ago, then three weeks ago one in the same condition sold for USD$980. Huge money was being paid for machine guns, Sten guns (etc) and American Civil war items. Maybe... he says hesitantly, collectables are a good place to dump money.

Transferrable class 3 stuff has always been good, or rather has been good since May of 1986.

But, in the past 6 months I've seen a few NFA items sell for 30-50% below value on gunbroker due to either very short auction times (1 or 3 days), or bad advertising (a FNC para listed as "FN rifle 223" in the bolt gun section, etc). And in general due to poor economy the full auto stuff is a little bit down...

KFC911 08-28-2010 06:57 AM

I've also been acquiring a bit of gold (and silver) when last week I came accross the the perfect gold/gun combination that hopped in my truck and followed me home. Nostatic, I know you invest in other things too :)

A Henry "Golden Boy" in 22lr: http://forums.pelicanparts.com/uploa...1283007468.jpg

sammyg2 08-28-2010 07:48 AM

Quote:

Originally Posted by tabs (Post 5530151)
U put your muney into Muni's after the doom and gloom shyte you spout...I guess U don't believe what you preach.

Wrong.
I would expect someone like you to interested to ask an intelligent question, such as which ones? But no.
If you did my reply would be nothing from Kalifornia or the other states that are in trouble, and mostly utility related bonds that are not tied to the green scam.

See how that works?

Jim Bremner 08-28-2010 08:44 AM

One of the things thats REALLY bothering me in the last 45 days i've been looking at the 5 year reports of our USD vs the worlds $$$

Our mighty Dollar is down 20% vs the Chinise Yuan and many other currancies around the world since the stock market crash.

So our DOW at $10,ooo is really a worldly $8,ooo Yes, I do understand that it fluctuates and that we as Americans posture as that we're the world but in reality if we're thinking about our buying power of our $ and let's say that we want a TV made in China and two years ago that it would cost us $400 this year that $400 needs to REALLY be $480

I'm removing $$$ from my retirement to buy realestate that I will owner occupy. Yes, that the $$$$ in comercial realestate's falling...but one prop that I'm looking at is sellng for $540,000 but in 1998 the guy stole it for $208,000

It's really looking just like home values in SoulCal

Another that I'm looking at is a BIGGER lot but it has two STEEL building on it. One is 4,800 square feet and the other is 3,800 It would give me some extra cash flow till I need all 8,600 of it or I could run with it as long as I can and raze one and build a BIG block wall building and then raze the other for parking.

FLYGEEZER 08-28-2010 04:56 PM

My portfolio is empty. My gun locker is full. Life is good!

McLovin 08-28-2010 05:22 PM

Quote:

Originally Posted by flatbutt (Post 5530800)
A friend of mine is a commercial RE agent. Prices have never been lower says she.

In other words, "now is a great time to buy!"?

Never heard a real estate agent say that.

imcarthur 08-28-2010 05:37 PM

http://forums.pelicanparts.com/uploa...1283045563.jpg

I can't decide whether to hold long term or dump at $1300.00. And my cash (GICs etc) are stagnant.

Ian


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