During Obama reign of terror I moved into bonds and said fuck it. My investments were not keeping up with inflation. Not going to make a lot in bonds if anything but at least I was not getting crushed, mainly just keeping what I had.
I moved early this time. I'm not sitting around waiting for this thing to crash which it will. That's ok if people want to laugh at me. I don't need the money and want off the roller coaster ride. I did well under Trump. Taking my winnings early and getting off this rickety cart.
Housing not looking good again
https://www.zerohedge.com/economics/us-housing-starts-building-permits-collapsed-february
So would you say now is a good time to sell a house and buy a new property? I want to get to a more rural area but not sure when to sell the house or just hold on to it.
That isn’t an easy question to answer.
If you own what is your equity position. Knew a lot of folks who got upside down buying at the top of the last housing bubble.
Housing market is near a top, you’d be buying near the top.
Would not expect you to answer in a public forum but these would be things to consider.
Of course rural areas probably haven’t had the insane ride up on housing due to the Federal Reserve Bank funny money policies.
A co-worker sold his mobile home for +65% in the country in record time. Homes are not cheap in comparison to 2011-2012. Most older homes sell for $100-120/ sqft. I bought mine for $25/sqft and probably have $55/sqft in it now, pretty much fully remodeled.
The sky high prices are due to the low mortgage rates. I have noticed that with this housing bubble 2.0 you get a smaller house at a higher price, yet more signs of inflation.
Partly true, but a lot if people want to get out of metro areas and there is little for sale. Most everything "normal" is sold lightning quick. Some properties which are unsold have some oddities.
I'm in the same boat, mostly cash waiting to figure out which way the wind blows. If they do an infrastructure plan of a few trillion, it could really pump up the economy and stock market. Don't think they will get it passed though.
I'm likely to start buying bonds and be on the sidelines for a few years. Democrats are intent on fucking up our economy, especially main street and the middle class. Can't see how we keep inflation under control with all of this spending and increasing commodity prices.
LOL.
Cash- the only way to lose more than bonds.
Gold is money, but it isn't cash (and probably won't even be liquid for a while after SHTF). Ammo isn't money yet, but it soon will be.
And it doesn't matter how much your ammo is "worth" unless you're selling it. I'm sure as hell not selling mine.
Really, should probably sell the gold and buy more ammo and food, but I admit I haven't gone all in either. I suppose, on one level, if it gets that bad, then death won't be so bad, so who cares?
I'm feeling cheery this morning!
https://www.zerohedge.com/personal-finance/us-retail-sales-collapse-february-online-sales-plunge
Bidenomics
I bought into some treasury bonds the other day, that's the only thing that's going to go up.
Fucking 5 TRILLION spending just to gain a couple points on the Dow Jones.
Real estate inventory is at records low because of the government mandated moratorium on evictions, once that ends inventory is going to skyrocket and prices are going to tank. That'll be the beginning.
All these tech companies that did the things they did to get us in this position will suffer most.
Bring it fuckers, I'm ready. I've got a few hundred grand in cash and will be ready to buy all that cheap property here in a couple years.
Thankfully I made my coin in the boom so I honestly don't care anymore. Building a pool and outdoor kitchen next month with some of it with some primo landscaping. Going to sitback and watch this thing blow up by the hot tub. No way is this market sustainable. Even with the pandemic winding down people are pissed off. Lifestyles have changed. Less travel, stupid woke businesses losing millions of patrons and scoffing at it, TV viewership tanking, sports interests dying...meh. All these things are taking the bounce out of dollars. Money is not moving as before.
It'll be interesting to see what happens. We all know this is fake right now, when it starts to crash the printer will go into overdrive.
They've been able to print their way out of it before, one crisis at a time. This looks to be a cumulation of multiple crises caused by kicking the can down the road, pandemic lockdowns killing businesses, and high real estate prices caused by government moratoriums. I don't know that you can print your way out of more than one crisis at a time... but they'll try.
I've gone very conservative with my investments, selling my second home now so I'll have cash on hand. Have plenty of toilet paper and propane and ammo!
Seems like they're setting up the "great reset." They'll keep pumping out more treasuries, using the Fed to suck up the over-supply and printing money to keep everything afloat until they're ready to pull the plug. When that happens treasuries will be worth squat because the dollar will be worthless. Short term it might help weather a stock market crash, but they seem to be inflating that as well to keep the people sheltered from the charade, so I wouldn't expect a crash before the dollar tanks and then you'll be sol if you're invested in stocks and bonds. Your best bet is to invest heavily in ammo and some farmland to live off of when things go sideways.
I’ve repeated this to everyone that will listen. Even me, a normal guy, can feel it in the air-something is not right.
Imo just as you said they’re inflating everything up in preparation for pulling the plug-it will be the biggest economic collapse in world history and the perfect opportunity for them to usher in their new totalitarian system- The Great Reset
Buying bonds won’t do shut, sticks won’t do shit, hoarding dollars will be worthless imo. You can literally feel it coming and they’re telling us exactly what they’re about to do
Bonds.
Or, how to be absolutely sure you lose to inflation.
I wouldn't buy a 10-year bond at 100% - the dollar is doomed.
I actually made a little during Obama. Bonds were holding their own with inflation. I get your point though, it's not path to consistent gains or actual gains. More of a holding cell until the fog clears. I do not like what I see even more so than how I felt before the housing bubble. The market should have tanked a year ago. Companies are losing their asses off but everyone acts like all is well. It's not. We are headed to hyper inflation. Oil companies are losing billions, less products being consumed, less travel. It's not sustainable.
I see you get it. I admit it's difficult figuring out where to stand when you see the herd heading toward the cliff.
They’re going to collapse the dollar savings rate means nothing
Gonna disagree. Financials do better when interest rates are up. Financials make up a significant portion of the S&P 500.
I hate to say this but the stock market usually goes up under the first year of a commie president because of all the tax and spending.
It's when that shit goes on for a significant time does it start to impede the market.
I agree but the pandemic has wrecked things pretty good before Biden. Lifestyles have also changed with the wokeness. There is no way all these woke businesses are not feeling it. Look how hard it is to get real data on how much business has been lost. Sports for example is dying. News barely mentions it. Amazon lost millions of accounts. Not one word. Same with FB, Twitter, Coke. They act like nothing changed. Of course things have changed. People are pissed off more than the media is saying.
You're discounting the re-open trade. As soon as the commies give the all clear hope will rule the day again.
Crappy chinese socketscaint saving this mess
I made a move similar to original poster but back in 2007 missed the big plunge of 2008.
Suspect similar unpleasantness is on the way
Bidenomics are just getting warmed up, the tax increase on top of all of the other lousy policy is just the cherry on top of the turd sundae.
You were smart to see that coming. 2018 convinced me that things will be fucked up when democrats seize power. That crash was directly in response to them cheating their way into taking the House.
Gonna try sitting out this time as they crash and burn the economy... time will tell.
I got educated by reading Zero Hedge, Mike “ Mish” Shedlok, and Karl Denniger. Only Zero Hedge is free now, but not as good as it used to be. Probably need a economics .win.
Going into bonds was purely due to what my 401k had available. The guy bashing bonds, doesn’t have a clue, it is risk mitigation and your choices maybe grossly limited depending upon what funds you have or what investments. Obviously not looking for 2% return on investment, just looking to avoid 50%+ haircut due to market correction on main retirement nest egg.
You know, that was my exact motivation. I have rode the market for 25 years, saw a couple corrections and it worked out... not as young as i once was, and dont want to wait 5 or 10 years for it to come back.
I never tried to time the market, I'm not that smart. But I do know what damage democrats can do. See the housing crash, and 2018 as two examples. Just don't want to be in another one, and the situation is ripe. These fools cannot manage prosperity.
Psh buy silver... stack it baby!
I am in the same boat. Loved, loved SPY for many years, did very well with our great President in office.
The democrat fuckery is too much for me now, hello tiny ( but somewhat stable) bond funds...
So how do you protect against this? Mattress? Cigarettes and ammunition?
A lot of people say real estate but it's really a timing thing which nobody knows. I did well in 09'. Practically stole a nice piece of property sitting on the market for a year. Owner finally said fuck it and sold it to me for my asking price which was well below his. It has since close to tripled in value. I don't do slumlord stuff though. Buy to upgrade and live in it.
Inflating is PRINTING FIAT CURRENCY...too much "money chasing too few goods...we are already inflating every time we increase the deficit. Its happening. Just like you said....