Pinball Preparedness
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Stock market
So what do you guys think about investing in the stock market. My advisor says it’s going to bounce back next year like it always does. I’m a bit skeptical only because this is the first time our dollar is not backed by oil. I’m sick of being called a crazy conspiracy theorist but don’t wanna loose my butt either. I get diversification is a bonus. Just wondering everyone’s thoughts. Obviously no one is giving financial advice just opinions. Thanks all, from an overly frustrated wife.
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23 Replies
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Personally I have money in the stock market.
I have to diversify. Cd and money market.
However am thinking about buying silver rounds for more diversification.
It’s a crap shoot.
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Diversification is key I believe. As for precious metals I’m trying to acquire enough to be able to pay my taxes for a few years if needed. Always run the risk of that not being an issue but am diversifying to that point to be on the safe side.
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That has been my strategy. Precious metals to pay taxes.
Precious metals do not increase in value, but they tend to keep some value…
Food has given me a 30% to 100% return for what I have invested in long term food storage, now to me that is a wonderful return 😉
I have cash for deals I know are coming as people will sell everything to pay rent.
As of now I am thinking I have too much cash, and it needs to be moved to a physical asset. I have invested in solar as I do want air conditioning when everything goes bust.
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Well, if he thinks it will rebound next year, my answer would be…”then I’ll wait till next year once I see it happening”
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That’s a good idea. They always say buy when low to get it on sale! But when do you know it’s hit bottom is all guesswork I suppose? It’s hard when you are trying to be responsible with what little you have.
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I agree with that. You should have your financial advisor and your money at the ready the day before the 2024 election. If a Republican wins then sling that money quick baby. Energy stocks would be first because our country needs to climb out of this climate change scam fast.
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My stocks have been pillaged since my wife and my health has been bad.ive been stocking up on food and stuff along with buying silver and to broke to buy gold .My IRA isn’t making anything,thinking about moving it to something else and can alway move it back if something changes
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I lost it all on stocks long ago after a company got cought doing bad books. Since that time I decided it was better to invest in things I could touch. I invested in land, and metal. Although I may have been a bit early to the party I’m firm on my position as my buy in for silver is $16.50 and gold is $1,700 on avg. I’m not getting wealthy, however everytime an analyst predicts the greatest stocks my investments seem to be worth a little bit more. Land is solid as they aren’t making more of it anytime soon, as for silver it is necessary for every form of clean energy imaginable along with a list a mile long of dirty industrial uses, not making more of it, if they could they would. As for gold it is a hedge against inflation and the stock market money drives it up as the market gets shake. I feel like I’m in a good place, might not be the flashy thing but sometimes slow and steady wins…dunno time will tell.
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👍👍👍
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Update: another financial advisor approached my husband from our church. He said he watched some short sales that scared the hell outta him. He came Monday to look at our stuff. He switched it over to a secured plan. We won’t loose any money but gains will be limited. He said it’s the best for now until we get out of this current cycle. God is good. Follow your gut friends. He assumed that my previous advisor had never been through 2008 or doesn’t pay attention. There s a 12/1 beefy that we were in, where he gets a monthly check from our investment. With the plan we are in now, the advisor doesn’t get paid monthly. It was an interesting conversation.
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Friends and community!
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I think you are very wise and in a great position!!! Well said!
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That’s kind of what I was trying to tell them. Just looked at me like I’m an idiot. So the thing I was trying to get across was like this. We are poor. Like on food stamps poor. For the last 6 years everything extra has been given to our advisor who I trust. But wouldn’t it be beneficial if we took one year to buy precious metals? Our advisor is through thrivent financial. No idea where he puts our funds. I do know that I lost 25% roughly of my investments early this year. I haven’t looked at it recently however. Like I said I’m just reaching out to see if I’m way off base or something..
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Yes ,very well said!!!! everyone needs some gold silver (Gods Money).. BUT whatever you do don’t fall for FED NOW account in July or CBDC oror FEDCOIN. If you stay in the system you will be told what you can do and what you cant. You will need to make a choice very soon. I have invested in all things but cant get all the way out of the system yet. They will take all your (FIAT) money any way,I lost 500k last year in the stock market because they change the rules when they see they are loosing. 🤬
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I believe he went through the 2008. He’s definitely doing better financially than we are. 😅 however, we didn’t have the national debt like we do now. And our petro dollar was not in jeopardy back then like now. So for me I don’t think it’s a fair comparison. I’m leaning towards the fall of the petro dollar is a black swan correction. But I’m not a professional and you can bet the elite are working on that war to secure the global currency. So it’s a tough call.
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that was to wind runner
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See, when I say that stuff, I’m a loon. But I think it’s definitely something to keep in mind! Especially when countries are preparing gold and silver for the next global currency, whatever that will be.
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