Friday, May 3, 2013

Lighters Up; Party Time

All is well and getting even better.

Because I am a "perma bear" or I don't philosophically empathize that unlimited handouts/bailouts/support for losers and their failed efforts constitute real accomplishment, I am an idiot. I have nothing to add. All anything is about, is making returns and money. I guess I missed that class. Too much fishing can be blamed as usual.

Stocks, bonds, real estate, anything but gold and silver is going to unknown highs and you have to buy. Buy now. In a thousand years of history no one but Benjamin Bernanke has figured out how to make a nirvana of free money with no consequence rain prosperity upon the masses. I tip my hat. Well done sir, well done.

I often think of this Kevin Depew Miyanville article
Five Things You Need to Know: Deflation is Here, What Next?

It's all become untethered. Emotion, momentum, and how far one can push it.

I think we see S&P 500 at 1800 in 6 months.

Is 1800 on the SPY overvalued? How can I know? There is no way to gauge it.

The restraints are off.

Have a good night.


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GawainsGhost said...

There is a reason why economics is called the dismal science. Because it sucks.

I took a class in economics once and walked out knowing that all economists are idiots. What do they have? Flawed theories and complicated equations that prove nothing.

Money is simple. Live cheap, save and invest. Do not overextend yourself. Anyone who says he can guarantee more than a 3% or at most a 6% return on your money is a liar, and a thief.

It's difficult to know what to invest in these days, what with the economy in flux and politicians so corrupt, and all.

Real estate is a good bet. But you better know what your doing. You buy a house to live in it. An older, well maintained home in a nice neighborhood with good schools is gold. You can sell something like that at any time. Put 20% down on a 15-year note, and you have equity moving in.

But if you want to make money, and I mean real money, in real estate, buy vacant land on the outskirts of developing towns. Zone it agricultural (lowest taxes) and wait. When the growth and development comes, and it will, when the property is worth ten times what you paid for it, then sell.

You're looking at a 1000% return on your investment.

I never cared much for precious metals. Usually you just get a piece of paper that says you own something, but without physical possession, you only have a piece of paper. Even with physical possession, gold and silver are difficult to store safely. So, they're problematic as an investment.

Not like real estate. At least, you have title so you can do whatever you want with it. Build on it, don't build on it, transfer it, sell it, whatever. And it's not difficult to store. I mean, it's just there. And you have the title.

I have no idea of what is going on in this economy, except to say that our corrupt politicians are screwing us royally, what with their insider deals and all.

Stocks, bonds, everything Wall Street is a scam. The only real investment is in real estate. And forget about rental properties. Being a landlord is a bitch. All the laws favor the renter.

Invest in vacant land on the outskirts of developing towns. You'll get the best return on your money, and you won't get scammed.