Where and why?
I would invest in home capital improvement retailers -- Home Depot, etc., because nobody will be able to sell their homes for awhile, so they will improve what they've got.
What do you think?
RalphS
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Where and why?
I would invest in home capital improvement retailers -- Home Depot, etc., because nobody will be able to sell their homes for awhile, so they will improve what they've got.
What do you think?
RalphS
Sounds good...I'd also look at pharmaceuticals (anti-depressants, mood enhancers, Viagra).
Gold, Diamonds (DeBeers just made a deal to get access to Russia's reserves).
Lowes over home depot. I worked for both. And if Jimmy Johnson wins Lowes stock usually goes up a point or two. And Tony Stewart sucks at driving.
If I had enough money that I could invest for the purpose of investing, I'd try to buy a prestigious old sheffield cutlery brand or partner up with one, and get a new straight production line going.
While I acknowledge we wouldn't beat gillette, straights are getting more popular these days for several reasons:
- ecology
- economy
- getting irritation from modern shaving methods
- nostalgia
- a short time-out from the modern 'rush' society
- ...
Dovo and TI can't keep up with orders and have months of backlog.
With the right money, marketing, enthusiasm and the love for straights, I believe it is an economically viable investment, as well as an interesting challenge.
Yes, I know my reasoning is biased, but I'd see it as a long term investment.
And doing something I love and believe in... there are worse ways to spend my time and money. Hearses don't come with u-hauls.
Quote:
Originally Posted by The Dude
it took me a while to realize what you were talking about with winning :P
invest in yourself...bahaha ok i'm only 20 and i honestly know squat about investing wisely so i don't at all (probably unwise)
Gold for sure.
Sometime soon I'd probably be getting into GM...it'll get bailed out somehow and its stock will skyrocket.
If I had money to invest, it would go into Antique Gold coins (the kind the Guv'mint can't glom onto, during hard times, like they did during the Depresion.) Junk Silver coins (for trade purposes) and Antique Pocket Watches. As near mint as I could find. Hamiltons and Elgins. Hamilton 992s, 992Bs and 940s. Elgin Father Time.
I wouldn't touch stocks, bonds, or ANYTHING managed by someone who can make a big bonus by playing fast and loose with figures! :nono:
My purchases would all have INTRINSIC value. :y
Well, one could argue that pocket watches etc have no intrinsic value.Quote:
Originally Posted by Brother Jeeter
They are valuable because there are collectors and the price is set by supply and demand.
If you don't find collectors with enough disposable cash, those pocket watches won't do you much good.
Silver.... Preferably silver, because I foresee the government confiscating gold once again. Yes, the spot prices of silver and gold - especially silver - have been hammered in the past month. That is why you buy and hold the physical metal for the long haul. Physical gold and silver are entering their Black Market days, from which it will be many years before they emerge. Go on line to our most prominent Black market - eBay - and price out completed sales of bullion coins and bars. You will find that silver is going for a premium of between $4 and $8 per ounce, not counting shipping. Similar premiums are being charged by the few dealers who actually have any stock available for sale. Keep that in mind when you get depressed by the reported spot prices. Spot prices are for phony paper silver and gold, not the real thing. The real thing has kept its value much better than you might think and it will do far better in the months and years to come.
It would depend on the reason for the invest ment, recession, depression, retirement, chaos. If I had a rosy outlook I would team up with Bruno in a heartbeat, this is something Ive pondered and would love to see/do. I think the best investments are real estate, a piece of land that you can call your own, a small comfortable easy to maintain house and enough area that you can raise a decent garden wether flowers or food, some thing like our grandparents would have,nothing less than an acre, you dont have to own the world , just enough to keep you secure, pay cash for it, or pay it off quickly. When hard times come ,wether job loss, financial collapse or whatever you will be secure in the home you have, though small its still yours. You will be able to take good care of yourself. Your first investment should be your security and then play with the marketplace. Remember Maslows Heirarchy of needs, start at the bottom and work your way up. Ralphs idea of home improvement would not be bad if you thought the current economy will not tank any further. but if it does, ouch! Denmason is right about metals they are artificially being pushed down, but I myself would rather have a chicken under my arm than a coin in my pocket, I can eat the chicken.