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how is the economy effecting you?

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Cakemeister:
The wife has been taking our assets out of stocks and bonds and buying rental real estate. We picked up three properties at the end of '08/start of '09. We're closing on another property tomorrow and we hope to get a couple more soon.

The wife has never, ever made a mistake choosing real estate, and we've both made plenty of mistakes in the stock market, so I trust her completely and I think this asset shift is the smart thing to do. We've got one kid in college and one going next year, so we'll need the cash flow.

Although real estate in Texas did go down over the past couple of years, it didn't go down nearly as bad as most states. So there are bargains to be had, but we still have to look carefully.

RayB:

--- Quote from: danny_galaga on August 11, 2010, 04:17:30 am ---He suggests that because gold (but especially silver) is supposed to be set to increase dramatically in value in the coming years...
--- End quote ---
Again??   It was under $900 usd just over a year ago. Now its around $1200.

Flake:
When I started my current job I was enjoying 10-12% raises each and every year until the last two years when the raises have been right around 6%.  So I cant really complain too much but I would prefer to back around the 10-12% raise range  ;D.

My wife and I are currently selling our home as well.....all for the sake of a better school district.  We have a contingency contract on our house currently in which we stand to make about $4K after paying realtor fees.  So assuming we actually sell our house under this current contract we feel fortunate we get what we had in it with a small bit of padding.  We will be doing our part to stimulate the economy by building another larger, more expensive home.

Most of my wealth per se is in my home, I dont dabble in personal online trading because quite frankly I dont have the time to adquately study the markets and I dont know many people who really are making any money at it.  I contribute 10% of our income to retirement accounts, have an ample enough savings account to get us by for a short time in the case me or my wife loses our jobs (but in reality both are pretty secure) and we also fund a 529 plan for our daughters college tuition.

I also do my best to stimulate the local and online coin-op industry  :cheers:

Benevolance:
I work in an industry that hasn't really been affected by the downturn and in a region that hasn't noticeably slowed down. My wife and I live well within our means and in the event that we both suddenly couldn't work, we've got enough socked away to meet our needs for a year or so.

A few of my friends went through periods of unemployment, though the duration was tied directly to their expectations. Those that realized work was work were back in a job within weeks; those that held out for an 'ideal position' went unemployed rather longer.

ark_ader:
OK so you cannot buy gold & silver, but you want to make some cash without getting hurt, right?

The US economy is looking to double dip.  A good bet it's going to dive into the shallow part of the abyss.

Just like when you are in Vegas and you see a lucky fellow raking the cash in on the craps table you just ride his coat tails.  Much to some amusement and get out.

Eh?  Still with me?  OK.

Buy Sterling.  As the UK government is shoring their economy up, the exchange rates are following suit.  Now I know you guys are not Warren Buffet, but you can still make out when the USD->GBP bottoms out at 2.10.  It has to get to that to take commission into consideration.  How do I know that?  History always repeats itself.  Not much, but it is a nice gain especially at 100K.

Just watch out for Uncle Sam and the ATF.  ;D

What was Warren Buffet doing prior to the bubble bursting?

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