Posted on 08/03/2020 8:20:53 AM PDT by Hojczyk
How many ‘dollars’ get destroyed each year because it is ‘worn out’???
BTW, October is ALWAYS a great month for a market crash. That said, it usually recovers to previous highs pretty quickly.
You may remember that Carl Icahn shorted the commercial RE market back when COVID first started. Unless you know something he doesn’t, I would avoid RE for the time being.
Money cheap...lots of it. Read Martin Armstrong’s blog, he has been right on the money for the past 15 years.Record amount of wealthy overseas investors are piling in as their own currencies have declined. He has the figures somewhere buried in a blog....The US dollar has “ crashed” the last month ( down 9 percent), but that insured more, much, much more foreign money injected to the markets. Keep in mind, the stock market has always risen hand in hand with inflation.
That’s specifically my point.
Numerous commercial real estate businesses closing forever.
People being evicted due to no federal UI or eviction protection.
I allocate my investments according to my age and years to projected retirement so I'm able to ride out a major down cycle without too much stress. I recommend that approach for everybody. I actually see down cycles as buying opportunities.
Caution flag on that last however. This pandemic has greatly accelerated the disruption of our economy. For instance, brick and mortar retail is probably down for the count. Only those retail chains with online sales being a significant part of their revenue stream are likely to survive at all - and that takes significant infrastructure. It's not just throwing up a web page with a shopping cart icon.
Those who heavily invested in Amazon over the years, good for you! I wish I had had the foresight to do that. For I would get to retire now instead of 10 years from now.
Gold and silver......physical the best IFyou can find it without a 20-40 percent premium. The US Comex July contract DELIVERIES just hit an historic all time high with 102 TONS delivered in physical gold , not paper. August “ delivery” contracts are already at 90 tons.....someone out there is taking delivery in historic amount, banks are one of them, a few years ago after the 08 crash, the Fed cleared the way declaring physical gold can be held by banks, declared “ A Tier One asset”, the same category as cash...it went unnoticed by everyone, except JPMorgan and a few others, ....pull up how much gold and silver JPMorgan has bought since then, from memory about 1-2 years of mining supply....
I am no expert, but I have a small amount in a Roth IRA and a Money Market fund for liquidity. Most of my money is managed through Fidelity Investments. Why Fidelity? Because of their customer service. Once you jump through the Voice Robotic Hoops and can speak to a person, they have been quite helpful and polite in my opinion. One of them helped me to establish an online account. I was rather nervous about doing business this way. I chose to go online, so I would not postphone opening an account for one more day.
With Fidelity, C.Schwab, and some Vanguard accounts, you dont need a lot of cash to get started. They don’t pressure you to empty your pockets, at least not right then.
If I had more, I would (and still might) set up a Hybrid Mutual Fund; one holding both stocks and bonds in certain proportions subject to change. I would invest a VERY SMALL amount on tech equities such as Google, Microsoft, entertainment stocks i.e. Disney, Gaming stocks i.e. Epic Games Inc. Epic makes the video game Fortnite. Your teenage relative may have heard of Fortnite.
Bond Funds are always a good idea for longterm money you don’t need right now. That or physical property.
Good Luck.
Gold and silver great, gold hit new all time highs, silver rapidly rising. Do yourselves a favor and pull up the last 10 year charts, have a seat when you do,....that said, siLver mining stocks have quadrupled since April, hint, PAAS has made me extremely happy, my “locked” in 401K has had a 52 percent gain since March of this year.....I suggest a 50 percent allocation, of that, 60 percent silver mining, 40 percent gold mining companies...we have just entered the next 8.6 year gold/ silver bull run cycle. Good luck to all!
Where is Beeks ?
BUT be darn sure you get some physical in your hands before playing with paper markets...you have been warned.
Beeks?
Is that a coded question; i.e. Who is John Galt?
Well, I certainly wouldn't be increasing my exposure to commercial real estate right now. And around here, residential rental was showing weakness pre Wuhan Flu.
Stock Markets only care about the color green......
I did your homework for some of you......
“JPMorgan has amassed a physical stockpile of silver of at least 600 million ounces by my calculations at an average cost of around $20 an ounce, all while continuing to make hundreds of millions of dollars in manipulative COMEX short selling.Jul 2, 2020”....” and....
“’JPMorgan holds at least 675 million ounces of actual silver. Simply put, JPMorgan has acquired six times as much metal as bought by the Hunts or Berkshire Hathaway”...
Simply, don’t get caught without any physical PMs....someone knows a lot more than they are saying....I can’t do all the work for you guys, take some time and see if you can uncover just how much our major banks ( and China and Russia) are buying up...Goldman Sachs, Wells Fargo, do remember, our banks have been anti gold for years, what has changed? Up to you to figure out what is on the horizon...
Pull up some facts:1) there is more US currency held abroad than in the US 2) old currency is destroyed and reprinted. 3) The USD has gone down 9 percent this month alone 4) The US Fed and Treasury are holding discussions on how/ when they go digital, cashless.
Currently China is testing cashless, the consensus is to wait and see how the public reaction will be in China and Russia, DO keep in mind China announced their digital was only possible with a 5G network, which they have already wired....cashless in America can only be accomplished when we have “ a nation wide 5 G network in place”....
Covid recovery?
If you are about to retire in 18 months, I wouldn’t be more than 25-30% in the stock market.
If I thought there was a chance in hell Biden would win, I’d pull out of the market. And so would everyone I know.
And why is money ‘cheap’ right now? Because of Trump.
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