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March 11, 2014 at 3:47 PM in reply to: Moving money to another country for better interest rates #771750
kev374
Participant[quote=Jazzman]Currency risk is one the biggest investment risks you can take IMO.[/quote]
but isn’t remaining in the dollar a currency risk in and of itself?? The rupee has already fallen a huge amount in the past couple of years, but the dollar has still done somewhat ok but in the face of huge upcoming challenges facing the country (that everyone seems to summarily dismiss) how is the currency going to fare?
Our current debt is $17 trillion and rising, entitlement spending is set to rise due to an aging population, $1 trillion education bubble is set to pop, healthcare spending set to rise due to increased socialized healthcare, rising costs and a population getting sicker by the day as we focus on treatment rather than prevention… does not look good to me.
March 6, 2014 at 1:39 PM in reply to: Moving money to another country for better interest rates #771610Participantwhat are the risks of using Everbank besides currency fluctuations? Are the fluctuations strictly on exchange rate or are there any other risks? For instance… are they invested in any fixed income instruments in India that can go bust?
Participantso who cares, everyone is dying to live here anyway
February 24, 2014 at 3:46 PM in reply to: Moving money to another country for better interest rates #771211Participantgold is very volatile, holding gold can be risky as it has major swings. People also tend to over speculate in gold and it’s hard to know if it’s in a bubble or it’s value is intrinsic due to organic demand.
February 24, 2014 at 10:20 AM in reply to: Moving money to another country for better interest rates #771208ParticipantYou do get interest on Dollar accounts in India but it is very low… I think currently around 3% which does not make it worth the hassle.
As I said earlier given the virtually zero interest rate environment in the US, and the fact that I strongly believe that interest rates are going to stay very low for the foreseeable future.
By having a high interest bearing account overseas it’s a win-win whether there is deflation or inflation here in the US. If there is deflation the profits are even more amplified, if there is inflation then it’s a hedge against that preseving your capital.
There is no chance for higher interest rates in the US as I strongly believe that if interest rates rise the entire economy will fall apart. We will have a situation like Japan with super low interest rates for a very very long time, perhaps even a decade or more…Japan has had ultra low interest rates for 2 decades!!! There is no reason the same cannot repeat here.
I’ll say it again – the RISK of doing nothing when the government is seriously devaluing the currency can be catastrophic for your future!!! This is true especially if you are a saver like me who has no debt and has most of my savings liquid and not invested in the stock market.
Up until recently money printing and inflation was only a theory, but in the last couple of years I can very SERIOUSLY see huge effects in my day to day life… the cost of everything from my rent, to groceries to eating out at restaurants is seriously going up!! Nobody seems to give a crap but to me the trend is very concerning.
February 20, 2014 at 2:12 PM in reply to: Moving money to another country for better interest rates #771116ParticipantI plan to deposit only in State Bank of India which is a nationalized bank. I understand that it is not insured but if SBI goes under then India itself can be considered insolvent. The SBI has the full backing of the Indian govt. If SBI goes under there will be chaos.
The alternative is to keep the money here as it continues to lose value due to inflation. I personally believe the CPI is a joke, I believe the inflation figures reported by shadowstats.com (around 6-7%) is more accurate. So each year i’m losing 6% of my savings. I can’t invest in the stock market because I think it has become nothing but a ridiculous casino.
As far as I am concerned what the US government is doing is nothing short of theft. Theft of money through inflation of people who have saved to finance their own agendas.
About the taper, I just don’t think a taper has any long term viability. I firmly believe that our economy is being held up solely by the governments stimulus. The moment they taper we enter into another recession and it could be a pretty bad recession.
I am of the belief that there are fundamental systemic problems in the US economy that the government has only addressed so far by flinging ridiculous amounts of money into the mix to temporary alleviate problems.
I seriously fail to see how higher interest rates are even possible IF with zero interest rates our economy is still under life support.
So, the moment the taper causes things to go south Yellen may start easing again, the dollar may come under pressure.
As for the claim that the economy is improving, it is nothing but utter rubbish. The whole thing is nothing more than smoke and mirrors.
Participantdid you get my report by any chance? LOL! My cholesterol is 239 as well and I just tested about 10 days ago!! It has creeped up from 199 a year and 2 months ago… in addition my AST and ALT at 39 and 44 respectively have gone up a bit as well as I have been drinking quite a bit (3-4 beers a day 🙁
My triglycerides are 139 which are borderline I believe. I have a co-worker whose triglycerides were 375..holy cow!!
but I need to stop regular drinking, I’ve been doing it for about 6-7 yrs now but I think it’s time to stop. But I am finding quitting to be incredibly difficult…any pointers?
As for cholesterol levels, I believe if you have high pattern A cholesterol then it’s fine… smaller pattern B is the cause for arteriosclerosis and heart disease! One needs a VAP test to determine particle type which I intend to do next time I get tested.
ParticipantI plan to retire at 55 which is about 15 years away for me. The issue is that if I get married and subsequently divorce down the road it could be catastrophic to my plans.
I need to find a woman who at least makes a decent income and the risk of divorce is low but I have yet to find such a woman. Most people these days, even those in their mid 30s, are saddled with ridiculous levels of debt and have negative net worths. To add to the mix they don’t even have a good income!
The extremely poor choices people make in life these days is truly flabbergasting! What amazes me even more is that these people strut around thinking that they are ALL THAT AND A BUNCH MORE!!! LMAO! Geezus christ!
ParticipantPer that “scary” chart, even if the DOW crashes monumentally as indicated by that chart (around a 22% drop) and settles at 12500 then it’s still no big deal actually…we’re still DOUBLE what we were during the 2008 financial crisis. And that is IF the worst case scenario hits.
The market has just gained so much in the last couple of years that it needs to crash 50% in order for a true crash… nobody is going to sweat a 15-20% correction after having gained about 250% since the bottom in 2008.
AND if you take the chart for what it is, then per that chart after the correction it should regain about 10% of the correction almost immediately so we’re talking about a 10% net correction after all which is absolutely nothing…
My personal view is that we are going to hit 18000 or more before there are any signs of a correction. We are probably a year or two away from that.
February 7, 2014 at 5:27 PM in reply to: WARPED, DISTORTED, MANIPULATED, FLIPPED HOUSING MARKET #770645ParticipantI’ve quit believing these market is crashing and middle class is vanishing stories. They’ve been saying that the middle class is vanishing for the last 10 years yet people are spending more on just about everything including homes that have increased in value upto 40% in just the last 2 years but people are still tripping over each other to buy them. Does not look like an eroding middle class to me!!
The truth is that the stock market is skyrocketing and people are getting richer, home values are rising steadily and people are feeling the wealth there as well. The economy and jobs picture is improving each month and that’s another bonus.
Reality – The economy is in overdrive and people are doing very well
Media – Everyone is suffering, the market is going to crash
And there is no reason low interest rates will not go on for the foreseeable future. My guess is that rates will not rise much for the next 2-3 years at least. Thats plenty of time for the stock market and home prices to rise even more and after that if there is a correction of 20% who cares, the overall picture will still be extremely positive.
In 3 years if the DOW rises to 20,000 and we lose 20% (and thats a big IF) it will come back down to 16000 which is still ahead of where we are today, if homes prices rise another 20% in 3 years and there is a 20% correction we’re still at current values. Not a big deal.
Participantthis is not a big deal… a small correction and then the market is going to resume it’s upward trend. We had a 26% gain in the market last year so what’s a 5-6% retraction, nothing really.
ParticipantI have been nothing but awed by the frenzy with which people are willing to stretch to buy. People are taking any kind of loan, 3.5% FHA down with 50% DTI, no problem they’re doing it with confidence. People are also readily settling for much less – $500,000 for a 1200 sqft home in a less than ideal neighborhood…no problem, they’re desperate to get in before prices go even higher.
Even though the market has slowed down, inventory is still incredibly slim, there are still way more buyers than homes available.
I thought it was a bubble but I now stand corrected. I think interest rates will remain close to 0 well into 2016 and people will switch to ARMs and interest only loans to afford even more expensive homes. They may compromise even more on their standards.
My guess is that prices may climb more 10-20% over the next few years. After that I don’t really know.
Participant[quote=CA renter]
I was just going from what you’ve said about her likely reaction to your news. If you’ve been fully honest with her from day one, then it’s all good.[/quote]2 months ago she asked me to move in with her and I refused and said I do not want to do it because incase we breakup I don’t want it to be complicated.
Let me ask you, if a man says after 2 years that they are NOT going to move in with you what message does it send you? As a logical person you make the determination. Does it give the message that I am going head over heels about someone? Or does it give you the message that I have doubts about the relationship? I don’t think one has to be a rocket scientist to figure this one out!
It’s my life and I reserve the right to be indecisive for any length of time as long as I don’t make false promises. As I said it’s upto someone to move on or continue knowing that they could be wasting their time.
And I may be wasting my time as well but obviously I think it’s worth it to stick around to see if my feelings about the situation change. One may feel it’s worth sticking around and the other may not feel it’s ok and that is fine.
What is NOT ok is to know the other person is unsure and then stay with that person and then make them feel bad that they are not proposing marriage and trying to guilt them or rush them into marriage… THAT is what is wrong.
Participant[quote=UCGal]
You seem to assume all women are gold diggers and have enough anger about it that I would guess you’d be unsuccessful at marriage. [/quote]sorry I came across to you as someone who assumes all women are gold diggers, I hardly think that. I have met some wonderful women in my life but they were hard to find!!
I do think that there are a disproportionately large number of gold digging materialistic women where I live (Orange County, California) and that may be heavily coloring my opinion. If I had a nickel for every woman I met that was self-absorbed with a “I am a princess” mentality I would be rich!!
I have also met a HUGE number of men who were embattled in bitter divorces where the woman stopped at nothing to clean them out and were particularly vindictive.
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