Originally Posted by
scambo1
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?
I have no idea. I don't believe that anyone can predict that sort of thing with any great degree of accuracy. I also don't think it's a given that is going to even happen. I know "doom and gloom" is popular right now... and with some good reason. But crises come and go. Generally, the people who do well are the ones who do not panic. I just don't believe the likelihood of economic collapse is great enough to justify deviating from a plan that is working for me. Your mileage may vary.
As for getting 12% bi-weekly... well aren't you taking a considerable amount of risk? Are you consistently getting that?? I have a lot of doubt that a strategy aiming for something like that will be successful long term, but I certainly wish you the best of luck with it! I'm trying something right now (my father in law found it and is using it). The track record on this one is 68% annualized return so far (as of yesterday). But it's a really short track record (since Feb 2010). Here's the blog where they show their results:
TradeOnAUTO Lite. I wouldn't even think of doing something like this with my retirement. I just have a small amount in it that I could afford to lose.