Author Topic: Investments (Read 1645 times)

Kephapaulos · « **on:** September 30, 2012, 12:45:44 AM »

I know that it is good to invest in precious metals and land, but what else could one invest in these days with the way the economy is? I have learned of so-called penny stocks. What should be thought of those?

Cuthbert · « **Reply #1 on:** September 30, 2012, 01:46:46 PM »

From what I've read & heard on the various radio programmes I listen to, they're generally a scam. It's probably better to stick with commodities.

Telesphorus · « **Reply #2 on:** September 30, 2012, 01:54:58 PM »

You'd be better off buying lotto tickets, in all likelihood.

If you want to take a chance on a high risk investment, you'd better know what you're getting into.

songbird · « **Reply #3 on:** September 30, 2012, 02:30:05 PM »

I would invest in indulgences, graces galore! When I die, I do not picture anyone praying or getting any Masses. We could spend a long time in purgatory, not just for our sins but also those sins that we caused others to permit. I know that what I wrote is not into the idea of the investments that you speak of. It certainly is something to consider.In the book, The secret of the Rosary, on page 108 it states:Church's ancient canons exact 7 sometimes 10-15 years in penance due to 1 mortal sin, just one.

I do know this fact. If anyone makes money in this world, speaking of stocks, bonds and such, no makes money unless it is with abortion/contraceptives. Like Ford, Banks, Food Stores, well you name it. So, I am just going to consider where my soul is at this point and do as Our Lady says, Penance and Prayer.

Marcelino · « **Reply #4 on:** October 01, 2012, 01:09:20 AM »

I'd be inclined to stay in cash right now, especially after this recent round of "quantitative easing." I think the fed did that, because they see a global recession coming. So, i would probably wait until stocks went on "sale," because i think they're pretty maxed out right now.

As far as gold goes, i have no faith in that, i think it's a bubble, just like it was in the 80s.

I guess real estate is a good deal right now. But not much growth and eventually there is supposed to be a demographic problem coming. When the big die off with Baby Boomers hits, population is supposed to plummet. Also, you'll see areas that were majority white, change pretty fast. That often has a significant impact on property values and on the comfort level of investors (like landlords, if you're considering that). Although, they say only good things, albeit mildly good, can happen for the next 10 or 20 years, in real estate. But you can find lots of break even type properties for investment nowadays. Still, that's a lot of management. Maybe not a bad idea, if you live in the neighborhood. Still, what if you relocate? Job transfer? It's a lot of responsibility.

Best investments for right now i think are:

#1.) Paying Off Debt

#2.) Building Savings, For The Next Big Fat Sale :ready-to-eat:

Marlelar · « **Reply #5 on:** October 06, 2012, 08:10:37 PM »

Quote from: Marcelino

I'd be inclined to stay in cash right now, especially after this recent round of "quantitative easing." I think the fed did that, because they see a global recession coming. So, i would probably wait until stocks went on "sale," because i think they're pretty maxed out right now.

As far as gold goes, i have no faith in that, i think it's a bubble, just like it was in the 80s.

Best investments for right now i think are:

#1.) Paying Off Debt

#2.) Building Savings, For The Next Big Fat Sale :ready-to-eat:

I also think being debt free is the best strategy for the future.

As far as gold goes it is really a long term wealth conservation strategy. Gold has never been worth nothing, but fiat currencies sure have. Silver might be a better choice as it is w/in reach of most people and has so many industrial uses that it may well hold its value better than gold.

I think investing in education is always good, especially trades and/or skills and the tools needed to practice them.

Raw land would be another option. Even if you didn't need/want to move onto it in your life time it is something to pass on to your children and grandchildren.

Marsha

Loriann · « **Reply #6 on:** October 06, 2012, 08:24:43 PM »

Commodities like gold and silver do fluctuate, but if the dollar crashed, they will be viable currency. The penny stocks are a one in a million thing for making money, but it does happen.

If spending does not get reeled in, and Bernacki still prints funny money, then inflation is going to hit and everything is going to be much more expensive to buy.

Marcelino · « **Reply #7 on:** October 06, 2012, 08:43:33 PM »

I hate inflation, like most people, but the thing that really gets me about it is the gains in productivity that get devoured by inflation, that we sort of don't see. Productivity gains should be reducing overall prices by one or two percent a year, but instead, we see prices increasing by two or three percent a year, while the media cheers: "inflation is under control!" :sign-surrender:

Marlelar · « **Reply #8 on:** October 06, 2012, 09:25:33 PM »

Quote from: Marcelino

I hate inflation, like most people, but the thing that really gets me about it is the gains in productivity that get devoured by inflation, that we sort of don't see. Productivity gains should be reducing overall prices by one or two percent a year, but instead, we see prices increasing by two or three percent a year, while the media cheers: "inflation is under control!" :sign-surrender:

I have a cookbook from 1975 and in the back she listed local prices alongside her menus so people could see what a menu cost. Here are just a few of the items:

chicken leg quarters - .49/lb
ground beef - .79/lb
frozen peas - .53/lb
onions - .11/lb
5lbs potatoes - .20
lrg eggs .81/doz
coffee - 1.05/lb
5 lbs flour - 1.05
4 lbs rice - 1.29
gallon whole milk - 1.39 (I paid $3.51 last week)

Using an inflation calculator that I found online that $1.39 gallon of milk "should" cost $5.95, so maybe our productivity gains have been helpful after all? Still seems like food is expensive though, but maybe not as bad as it could be.
Cold comfort when doing the shopping.

Marsha

Marcelino · « **Reply #9 on:** October 06, 2012, 09:33:18 PM »

Quote from: Marlelar

Quote from: Marcelino
I hate inflation, like most people, but the thing that really gets me about it is the gains in productivity that get devoured by inflation, that we sort of don't see. Productivity gains should be reducing overall prices by one or two percent a year, but instead, we see prices increasing by two or three percent a year, while the media cheers: "inflation is under control!" :sign-surrender:

I have a cookbook from 1975 and in the back she listed local prices alongside her menus so people could see what a menu cost. Here are just a few of the items:

chicken leg quarters - .49/lb
ground beef - .79/lb
frozen peas - .53/lb
onions - .11/lb
5lbs potatoes - .20
lrg eggs .81/doz
coffee - 1.05/lb
5 lbs flour - 1.05
4 lbs rice - 1.29
gallon whole milk - 1.39 (I paid $3.51 last week)

Using an inflation calculator that I found online that $1.39 gallon of milk "should" cost $5.95, so maybe our productivity gains have been helpful after all? Still seems like food is expensive though, but maybe not as bad as it could be.
Cold comfort when doing the shopping.

Marsha

Amazing! Government's own statistics, we've averaged 4% inflation, since the 1960s. Of course, productivity is supposed to have averaged around 2%. So, our "real" overall rate of inflation is considered to have averaged 6% since 1960. But, i think it's supposed to be based on an average of the "basic necessities of life." And i know the department of agriculture has a relatively large budget. Some of that may be directed at keeping food prices down, in order to moderate civil unrest.

20 cents for 5lbs of potatoes!

copticruiser · « **Reply #10 on:** January 17, 2013, 12:19:43 AM »

Putting my investment into things that matter on this earth. FOOD.

diary goats yup yummy milk and meat
garden yup root crops some tomatoes and squash
hens yup for eggs when retired for meat
horse yup for pleasure maybe one day get some work outta it
rabbits yup for meat and tanning hydes homesteader animal

You have extra cash put into the slow n steady

utilities, short term pipelines, GIC's
Income trusts
dividend income funds
companies like private health care, old age homes, alcohol companies are always great when things get tough, grocery stores people always eat, etc

You have lots of extra cash buy good land cause God aint makin any more of it

Now land ranges across the country and continent alot in price, accessibiity etc

In canada I can pay $300per acre or I can pay$3000 per acre depends where and what type of land. Bush or Farm. Cold climate or moderate so lots to think about.

Some stuff is good to invest into like wood, tin, bargains on practical items like generators, tools, equipment,

Bought a barrel of honey that was a great investment it only goes up in price.
Make your money work dont just look at it. Of course a bit of a nest egg is great for emergencies but everything in moderation.

I bought a bunch of animal feed (bagged and processed) glad I did cause it jumped 20% in price a year later. Now a penny saved is a penny earned!!!

your friendly canadian :farmer: