What should we do to PROTECT ourselves?

[mixxalot]

What about oil futures?

If oil keeps going up and away like I think will happen thanks to the globalists then wouldnt buying and investing in oil futures be a sure bet?

[Raybyrnes]

Rich

What are your thoughts on a contrarian view of Foreign Investment. BRICS have had a major run up. Euro is flying high. EAFA Index at a high. Overlap that to the S and P or the Russell and one may begin to see value in US companies. Additioally cheap foreign capital has provided a great opportunity for companies to buy back stock at relative discounts. Might the simple play be to continue to invest here in the US. Seems like over the long haul it has proven to be a fairly safe strategy.

[patientrenter]

Rich,

I just read that article of yours. Damn good advice, some of the simplest and best I’ve seen. Others should take a look too.

Thanks,
Patient renter in OC

[kewp]

Hmmm, providing world-class education or being a used stucco-box salesman.

Let me think about that.

I’ll stick with the life I have, sdrealtor!

[Rich Toscano]

Patientrenter — Thanks very much — I have enjoyed your insightful posts as well.

Raybyrnes — I don’t think I can actually get into public discussions about financial stuff without getting it vetted (per this post). I think I’m limited to pointing people at stuff that’s already been vetted and leaving it at that. 🙂

So, I can’t really address that question here on the forum, but anyone is always welcome to email me at [email protected] if they want to talk about this stuff.

Thanks,
Rich

[bubble_contagion]

Rich,

How do you invest in Euro or another currency CD in the USA?

[Rich Toscano]

Hi bubble_contagion — per my response to raybyrnes I can’t answer that here in public, but drop me an email if you want, because I have some thoughts on that topic.

Rich

[scott]

Does anyone have any insight about using TIPS as an inflation hedge?

[sdrealtor]

sorry kewp but I’ve got plenty of world class education under my belt. No need to hedge for that.

[HLS]

I think that the rates are low and the “protection” is a joke. It’s based on WHOSE inflation numbers ??
What do they pay today ??

The official inflation numbers don’t include the most important major expenses. The below article from a year ago explains it well.

http://www.mises.org/story/2302

It depends on how much money you are trying to hedge.
We live, work, spend and breathe US DOLLARS.

For most people, earning a few more dollars will allow them to maintain their lifestyle. Not everything goes up.

Getting over 5% on FDIC insured cash and having some liquidity today is what people should be doing, and living beneath their means instead of above their means.

We aren’t talking about 3rd world hyper inflation, where prices are increasing daily. US govt will print/create do whatever they have to to keep that from happening.

[NotCranky]

Here is my plan. I divorice my wife and sell my house to her for 750k . I buy a couple cheaper rentals and my wife walks from the purchase money debt but I “lease” the house before she does. However, I am a “dead beat” so I don’t pay her.I buy my depreciated house (which I know is well built and has been taken care of by the best of tenants) from the bank . I re-marry my wife. Moral Hazard? Hey apparently it’s a “free for all”. Why should I be the nice guy?

Plan “B” I learn spanish and build muscles and endurance at the gym in preparation for a life of labor and so I know how to tell a un -documented Mexican I am taking his lawnmower away and that it is time for him to go home. El senado ha pasado una ley nueva…. adios!

Translation: The senate has passed a new law …goodbye!

Disclaimer. No soy racista. Es chiste nada mas.

[HLS]

RUST,,
I did have a couple call me recently and tell me that they were planning on a “divorce” because only the husband was on their current loan, which was going in to foreclosure.

I told her to consult an attorney, but I didn’t think that was necessary.

[NotCranky]

I know a couple in which the wife is going blind. The only way she could get benefits was to divorice which is what they did. Divorice or give your assets to charity or go BK so you can qualify for health care and early entitlements when you go blind. Lots of good choices.

[CardiffBaseball]

I can understand being fiscally restrained in this time but if I have to go Vegan, I think I’d shoot myself.

I mean if you are doing it for political reasons or whatever I can respect that (even if I disagree), but for financial reasons? Chicken still on the bone is pretty cheap.

That said I was thinking about doing a one month of Ramen Noodles and Navy Beans/corn bread just see how spoiled I’ve become (Tri-Tip from Seaside Market in Cardiff). I’m only 38 and I can still remember eating a lot of beans and pasta meals in the 70’s and 80’s. Beans I hate, hate, hate no matter how they are prepared, but I do eat them anyway.

I think I live on that junk, I could swear we used to eat a lot more spaghetti and meatballs, and that’s also pretty inexpensive if you use Ragu.

[HLS]

CARDIFF,
It’s amazing what you can buy at the “99c ONLY” stores.
Those guys get some amazing stuff, and sell over a BILLION dollars a year at 99c.

Ramen is 9 for 99c, Mac & Cheese 2 boxes for 99c. they often get great frozen foods and many items that easily sell for $2 to $3.

They have fresh veggies and fruit too. And a dozen eggs. (do vegans eat eggs ?)

A pound of spaghetti is 50c and a can of sauce is 99c. You might be able to splurge!

[Author]

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