Forum Replies Created
-
AuthorPosts
-
34f3f3f
ParticipantYou’re in the same boat as many others here, and I guess where you put your money in these uncertain times depends on your taste for risk. Cash or US Treasuries are almost certainly the safest places. You are well covered by FDIC insurance for the former. If you don’t like the idea of filing a claim, and are OK with low rates, look for banks with little exposure to toxic lending. Gold has been popular as a hedge, but probably would have been better if you’d bought a while back. The US$ has actually gained ground against many currencies, although I believe there will be efforts to keep it weak. The question is if not the dollar, then what are the alternatives? I’d keep it simple, and stay in cash until we’re out of the woods.
34f3f3f
ParticipantYou’re in the same boat as many others here, and I guess where you put your money in these uncertain times depends on your taste for risk. Cash or US Treasuries are almost certainly the safest places. You are well covered by FDIC insurance for the former. If you don’t like the idea of filing a claim, and are OK with low rates, look for banks with little exposure to toxic lending. Gold has been popular as a hedge, but probably would have been better if you’d bought a while back. The US$ has actually gained ground against many currencies, although I believe there will be efforts to keep it weak. The question is if not the dollar, then what are the alternatives? I’d keep it simple, and stay in cash until we’re out of the woods.
34f3f3f
ParticipantYou’re in the same boat as many others here, and I guess where you put your money in these uncertain times depends on your taste for risk. Cash or US Treasuries are almost certainly the safest places. You are well covered by FDIC insurance for the former. If you don’t like the idea of filing a claim, and are OK with low rates, look for banks with little exposure to toxic lending. Gold has been popular as a hedge, but probably would have been better if you’d bought a while back. The US$ has actually gained ground against many currencies, although I believe there will be efforts to keep it weak. The question is if not the dollar, then what are the alternatives? I’d keep it simple, and stay in cash until we’re out of the woods.
34f3f3f
ParticipantYou’re in the same boat as many others here, and I guess where you put your money in these uncertain times depends on your taste for risk. Cash or US Treasuries are almost certainly the safest places. You are well covered by FDIC insurance for the former. If you don’t like the idea of filing a claim, and are OK with low rates, look for banks with little exposure to toxic lending. Gold has been popular as a hedge, but probably would have been better if you’d bought a while back. The US$ has actually gained ground against many currencies, although I believe there will be efforts to keep it weak. The question is if not the dollar, then what are the alternatives? I’d keep it simple, and stay in cash until we’re out of the woods.
34f3f3f
ParticipantI’ve been using a broker to invest in high end wines for the last few years, and it has only been more recently that they made any money. You’d be better off investing in wine storage to be honest. The other rule is don’t invest in wine unless you can afford to drink it, which is what you may end up (having to do) doing. My view is wine belongs to the world of investments occupied by the likes of art, antiques and vintage cars where premium prices are paid most of which (imo) comprises ‘snob’ value. Interestingly enough I was recently in Morocco and India, both of which are now wine (quite palatable) producers. No doubt Bollywood will produce it’s own Bottle Shock as climate change redraws the wine growing map.
Sante!
34f3f3f
ParticipantI’ve been using a broker to invest in high end wines for the last few years, and it has only been more recently that they made any money. You’d be better off investing in wine storage to be honest. The other rule is don’t invest in wine unless you can afford to drink it, which is what you may end up (having to do) doing. My view is wine belongs to the world of investments occupied by the likes of art, antiques and vintage cars where premium prices are paid most of which (imo) comprises ‘snob’ value. Interestingly enough I was recently in Morocco and India, both of which are now wine (quite palatable) producers. No doubt Bollywood will produce it’s own Bottle Shock as climate change redraws the wine growing map.
Sante!
34f3f3f
ParticipantI’ve been using a broker to invest in high end wines for the last few years, and it has only been more recently that they made any money. You’d be better off investing in wine storage to be honest. The other rule is don’t invest in wine unless you can afford to drink it, which is what you may end up (having to do) doing. My view is wine belongs to the world of investments occupied by the likes of art, antiques and vintage cars where premium prices are paid most of which (imo) comprises ‘snob’ value. Interestingly enough I was recently in Morocco and India, both of which are now wine (quite palatable) producers. No doubt Bollywood will produce it’s own Bottle Shock as climate change redraws the wine growing map.
Sante!
34f3f3f
ParticipantI’ve been using a broker to invest in high end wines for the last few years, and it has only been more recently that they made any money. You’d be better off investing in wine storage to be honest. The other rule is don’t invest in wine unless you can afford to drink it, which is what you may end up (having to do) doing. My view is wine belongs to the world of investments occupied by the likes of art, antiques and vintage cars where premium prices are paid most of which (imo) comprises ‘snob’ value. Interestingly enough I was recently in Morocco and India, both of which are now wine (quite palatable) producers. No doubt Bollywood will produce it’s own Bottle Shock as climate change redraws the wine growing map.
Sante!
34f3f3f
ParticipantI’ve been using a broker to invest in high end wines for the last few years, and it has only been more recently that they made any money. You’d be better off investing in wine storage to be honest. The other rule is don’t invest in wine unless you can afford to drink it, which is what you may end up (having to do) doing. My view is wine belongs to the world of investments occupied by the likes of art, antiques and vintage cars where premium prices are paid most of which (imo) comprises ‘snob’ value. Interestingly enough I was recently in Morocco and India, both of which are now wine (quite palatable) producers. No doubt Bollywood will produce it’s own Bottle Shock as climate change redraws the wine growing map.
Sante!
November 28, 2008 at 10:38 AM in reply to: Why are so many piggs happy about crashing RE prices? #30965534f3f3f
ParticipantThe ‘average’ home owner is probably at peace with falling prices, as they weren’t all caught up in this. Many may view lost value as merely a loss of artificial value that shouldn’t have occurred in the first place. But I accept the blinkered may not all see it that way.
November 28, 2008 at 10:38 AM in reply to: Why are so many piggs happy about crashing RE prices? #31001834f3f3f
ParticipantThe ‘average’ home owner is probably at peace with falling prices, as they weren’t all caught up in this. Many may view lost value as merely a loss of artificial value that shouldn’t have occurred in the first place. But I accept the blinkered may not all see it that way.
November 28, 2008 at 10:38 AM in reply to: Why are so many piggs happy about crashing RE prices? #31004234f3f3f
ParticipantThe ‘average’ home owner is probably at peace with falling prices, as they weren’t all caught up in this. Many may view lost value as merely a loss of artificial value that shouldn’t have occurred in the first place. But I accept the blinkered may not all see it that way.
November 28, 2008 at 10:38 AM in reply to: Why are so many piggs happy about crashing RE prices? #31006234f3f3f
ParticipantThe ‘average’ home owner is probably at peace with falling prices, as they weren’t all caught up in this. Many may view lost value as merely a loss of artificial value that shouldn’t have occurred in the first place. But I accept the blinkered may not all see it that way.
November 28, 2008 at 10:38 AM in reply to: Why are so many piggs happy about crashing RE prices? #31012534f3f3f
ParticipantThe ‘average’ home owner is probably at peace with falling prices, as they weren’t all caught up in this. Many may view lost value as merely a loss of artificial value that shouldn’t have occurred in the first place. But I accept the blinkered may not all see it that way.
-
AuthorPosts
