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Old 09-15-2011 | 06:25 AM
  #75660  
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scambo1
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Joined: Jun 2009
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Originally Posted by DAL 88 Driver
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.

I'm really not interested in going down this road on this forum. I'm a slow typist and not a great teacher. Yes there is risk as with everything in life. Last year I did a little less than 105%. This year I am on target to double that.

As to gloom and doom? Please help me see how the demographics are able to support the debt loads (I mean the real debt loads, not the short term ones). Go ahead and keep your head, I dont care.