Originally Posted by
DAL 88 Driver
The objective of the method is to make a consistent 12% (annual) cash flow yield on the stake in the account. For the 6 1/2 years I've been doing it, this is exactly what I have experienced. I don't know how you define "big gains"... but a consistent 12% annually over the long run is pretty darn good. I think it does this with a fairly conservative balance of risk and reward. But that's just my opinion. I'm a pilot... so take that FWIW!
I'm also pretty risk averse. So shooting for the stars (and the risk that accompanies that) is not something I want to do with my retirement portfolio.
I'm curious. How does investing in ETF's get you out of the dollar? And what do you envision getting into if things unfold the way you believe they will?
Fair questions that when I wrote what I wrote, I knew would be coming. I dont want to really go down that road on this thread, but your annual target is closer to my bi-weekly target.
Your last paragraph is honestly something I am trying to get my own brain around. Guns and bunkers arent the answer. Owning large land tracts which will likely become nationalized (by raising property taxes- to pay for overbloated local services-to the point that even the rich cant afford to pay them) isnt the answer. Physical gold? some yes, but not enough to have the door knocked down over...gotta be federally licensed now to do it legally...thanks tarp2. I was going to buy a 65' live aboard catamaran a few years ago as an escape vessel, but figured if the place really melted down to that extent, I'd just hop on the nearest one I saw.
Like I said, still working on it.
Anyone got any ideas.
Got a question for you. How long til the market tanks due to the euro meltdown without a trans-national consensus bailout plan?