Learn some good investments

Discussion in 'Financial Cents' started by amycc321, Jun 28, 2018.


  1. amycc321

    amycc321 Neophyte Monkey

    At present, what investment has more advantages
     
  2. oil pan 4

    oil pan 4 Monkey+++

    Depends what it is.
    My work 401k plan matches what I put in so I instantly double my money.
    But I don't have fast easy access to it and every dollar it makes is tracked.
    Off the books investment trade in physical assets of negotiable value. You should have these assets in hand or very close by, like looked up at your local banks safe deposit box.
    Look at the any of the topics in this forum.
     
  3. Altoidfishfins

    Altoidfishfins Monkey+++ Site Supporter+

    A paid off house and property.
     
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  4. hot diggity

    hot diggity Monkey+++ Site Supporter+++

    Over the past few decades reloading supplies, C&R firearms and surplus ammo have done well. It's not like the good old days when 1k of 7.62x51 in battle packs was $139 delivered, but I've not seen any of these things losing value either. Bulk .22 ammo takes up little space and is easily divided into smaller quantities to trade for what you need.

    Worried about shelf life? I've got a brick from 1971 that still shoots great and it's been cooked and frozen for 15 years in the barn. I still shoot surplus ammo from the mid 1930's.

    My #1 investment is in Time: Investments in realistic survival training and actually using gear as intended for longer than it takes to read the owners manual. Knowledge weighs nothing and can't be stolen.

    An old friend, who is still very active at 73 teaches that each new thing you learn is like a silver coin, and each time you work out, run, or swim is like a gold coin in your bank of life.
     
    Last edited: Jun 28, 2018
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  5. Ganado

    Ganado Monkey+++

    that's so a very broad question. My answer is, it depends
    what is your risk level, what products or services do you know about? what companies have you investigated?

    You have to do homework for this one
     
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  6. hot diggity

    hot diggity Monkey+++ Site Supporter+++

    What if it's a cash on hand and no idea what to do with it situation?

    I've been watching prices on things that I can hold and stand upon at least double. Cash in the bank, earning .5% interest is going to be worth less as time passes. Read that as worthless and you'd be closer to the truth. If you don't invest in things that you can hold and use to feed, defend, and take care of yourself at least put the money to work somewhere with a much greater return than the piddling interest rates that banks offer.

    The Japanese and Hawaiians are the only people I know of that are making more land. For everybody else it's a finite resource.
    Remember the old saw..."Location, location, location" when dealing with land.
     
  7. ghrit

    ghrit Bad company Administrator Founding Member

    Also Iceland. So far as "investments" go, the OP's question is sorta open ended. Needs to be narrowed down into some choices to discuss.
     
  8. arleigh

    arleigh Goophy monkey

    I'm with Hot diggity on this.
    Dollar value floats but it continually sinks and nothing is going to change that .
    The price rise of gas causes the market to change and the price of every thing to go up .
    The investment in a premiant home you can work and maintain a level of security and not be over taxed by the government is a big advantage . your own well ,not dependent on city water .Solar battery and DC lighting. Gardening green house providing your own food .
    Canning and preparing your own stores for future use . Discipline in rotation your stock .
    Learning skills that will be valuable during a crisis .
    Knowledge you can pass down to your kids and tools they can appreciate for their own survival .
    Barter items you may or may not care for your self, but people will sacrifice for to maintain their level of sanity .
    When I go to town and need certain hard ware I get more than I need ,thus saving a trip in the future , knowing small parts that hang up a project can get costly if your wasting trips over them .
    If a project requires a pound off welding rod, I get 2 .
    I include the wear and tear on the vehicle getting to town and back and the fuel and other unknown adventures along the way. Adding this to the price of a $2.00 part makes it more a $10.00 part not including my time which I also value .
     
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  9. BTPost

    BTPost Stumpy Old Fart,Deadman Walking, Snow Monkey Moderator

    No Debts... Own Property with NO Mortgage... Own Transportation with NO Debt... Year+ Food and Essentials, including Rx's... Reloading Capability for Minimum 1K Rounds for each FireArm owned... Minimum 1K rounds for each weapon Owned, On Hand....
    After all that is settled, then concentrate on Personal SkillSets....
     
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  10. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    I am in the 'pay yourself first' crowd which means, in this current economy, pay off your debt - all of it. Credit is always somewhere around 4-18% and one cannot get that from a safe investment so eliminate debt is first and foremost.

    CDs are safe and one can get them paying 1.8%-2% per year from brokerage firms (not the banks). They don't pay much but it's something, better than saving or checking account...

    In the last 60 days gold has dropped ~$80 and currently is at $1246 which is still much too high to purchase but worth keeping an eye on.

    Land can be a good investment but I learned early that you damn well better understand what you are buying - to put in simpler terms - not all land is a good investment, some is bad and some is even worse. One really needs to know what they are doing when it comes to purchasing land...there are a hell'va lot of gotchas in land purchase (rights, zoning, taxes, location...etc.)

    Stock market can be lucrative but it can also be much like the casino...I speak specifically about stocks and bonds as I have a very low opinion of mutual funds...but don't wish to get off topic.

    Ammo, stored food, water, medical supplies, solar power are all good investments which one can never go wrong by doing...

    Right now I am investing in...wood. Wood as a fuel source. I installed a wood burning stove last year and we burned wood all last winter to heat home, never turned on the heaters (electric and propane) once. I should have a good 10+ cords stored by end of summer. And, this past year I also got out of the stock market (well, almost out) and dumped everything into CDs for the year...no more stock market for me, too risky at my age. I hope to purchase gold should it drop in the near future which I think it will if things keep going in this direction and if Trump runs and gets elected again. And, that is that...
     
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  11. Thunder5Ranch

    Thunder5Ranch Monkey+++

    Just to echo what others have said......... Owned outright Land, House, Vehicles.......... everything with zero debt is the single greatest investment one can have. Debt is Slavery and When in debt the lender is your master. Can fall on some real hard times and as long as you can come up with your property taxes, you have a path forward and can't lose. You also have the ability with land to make food, drill out water, have something of value to sell or trade if it hits rock bottom for you. But the paid off and owned outright everything is IMO the greatest financial security one can have. Life is good when you don't have to figure out how to pay a stack of bills every month, that include a mortgage, credit card, and vehicle payments. Even better if you can eliminate utilities and just have insurance and internet/phone bills.
     
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  12. duane

    duane Monkey+++

    The best investment I ever made was by accident, I joined the USAF in 1956 and was sent to a couple electronic schools, one for 58 weeks and one for 32 weeks. I got out and got a college degree or 3, paid for by my electronics training, hated the administrative life, and made a decent living the last 50 years out of my military training. I have and use hand tools that my grandfather bought before 1900, have wrenches, mikes, indicators, etc that I have owned for up to 70 years, and if wanted, could still be used in another 100 years. Have land and cars paid for, but your town and school board will always own them, just do not have to pay banks their tax as well. Have had a good wool blanket for 60 years, on my bed now, had a good rifle for 60 plus years, in safe now. I think the best investments are those that you can use now to make your life more enjoyable and would be invaluable even if things do not collapse, greenhouse, wood stove, good garage space with tools, farm implements, fruit trees and garden, solar panels, good well and hand pump, woodpile, compost pile, fertilizer for next couple years, etc. Worst investments, 401k that I lost over half in stock market, another retirement plan back in 1970's that I lost 100 % of, bank deposits making .5%, pickup truck that rusted out in 10 years and joined its brothers in the junk yard, house in Michigan that I had with school busing, white flight, blight, jobs left the area, etc, problems in a short period and while I owned it free and clear, I sold it for 20 cents on the dollar invested and was glad to get that.
     
  13. BenP

    BenP Monkey++

    Don't put it in a 401k unless your company matches near 100% and you have a plan to switch jobs at a later date so you can take it out.
     
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