MY dh has a decent pension yes-we are grateful for that(I do NOT know what we would have done without a pension!), I am not poor but do live as a poor person below our means-well there was a while we weren't sure before the pension(we did not know how much that would be even) and not sure if he was able to keep his job due to his head injury in an accident at work and then we were really worried about being destitute(other than owning our house but no money coming in-we needed a roof over our heads so I am glad I paid that off awhile ago)! So yes I was extremely worried because we did not know the outcome of what would happen or the numbers or how much medical would be for our family(1000.00 per month)! So I was careful and always lived below our means.floridacatlover wrote: ↑Thu May 06, 2021 7:56 am OMG, turn off the radio.
“It will hit savers hard” Really??? Savers have been dealing with minuscule interest rates for at least a decade. Maybe the overheated stock market will come down to earth.
Gold and silver? Where have I heard that before? Oh, yeah, radio and Internet people touting gold and silver jewelry and coins that end up going up for awhile and then back to earth.
“A great reset” No, just no.
Real estate goes up and down. If you buy in a hot market you’ll get burned on the other end. So how is that expensive house you were talking about the other day? You so often say you are poor even with your husband’s good pension. But you can afford a more expensive house. Strange.
You have a paid-off house and money coming in. Turn off the garbage and live your life.
Sorry if I offended you or anyone. I’m sick of the crazy talk in this country.
Fast forward some years -it took us over 5 1/2 years to settle our case and we did get some money from the trucking company (he was deemed at fault for hitting dh)that hit my dh and caused his head injury-my dh will never be the same though and they really don't care it was all about the numbers at the end! And we settled bc we already waited 5.5 years and husband almost died and they were soooo slow that if he died we would not get a penny so we settled for whatever they gave us so they would leave us alone! Yes, so not much unfortunately-the more the reason we want to guard it and grow it. We didn't even retire out on disability pension , we did a regular retirement because they were taking sooooo long we didn't know if it would qualify for disability even at that point bc they were fighting us tooth and nail. At one point my dh even forgot what his birthday was when the insurance company during his heart attack was asking him for info!
It is only now that we finally got a settlement that we do not want to be stupid with it! We want to invest to make it grow bc that will be the only incoming money as all we have is the pension,soc security and our savings so we have to be wise with it. I do not listen to the radio, but I am listening to the people who were right about the 2008 crash and are famed economists from Harvard or famous known investors so not fly by night random people. I see on YOuTUbe when they interview them on investor channels for instance-so Warren Buffett (a successful investor, business tycoon, CEO of Berkshire Hathaway). Or Nouriel Roubini who is an American economist that graduated from Harvard and was right on the 2008 crash that others mocked him for and he teaches NYU and has an economic consulting firm so he does this for a living. Peter Schiff an American stockbroker and financial commentator who also predicted the 2008 crash before it happened and a CEO of his own bullion capital company. JIm Rogers also a financial commentator that is a successful investor and owns find management companies,etc.
I also listen to James Rickards who is a lawyer, economist. investment banker, author and advisor to the White House, Pentagon/US Dept of Defense and the CIA so he has the insider's knowledge and has set himself up very well with his own homestead. Lynette Zhang also has set up her own homestead and is a Chief Market Analyst, a banker,stock broker and specializes in world currencies, She is very down to earth and smart. Willem Middelkoop from the Netherlands or Switzerland I think-I just listened to him for the first time-he has a fund he runs and he used to own a PM company, a CNBC market commentator as well as other channels and also predicted the crash 2007-2008 and wrote a book called "The BIg Reset". I saw hos interview on Stansberry Research which is a respected channel and has lots of these people I mentioned on that channel.
It is global as countries move toward establishing a digital currency. For instance, the European Central Bank President Christine LaGarde has paved the way for a digital currency for Europe within 4 years and waiting for summer for approval. Laws and regulations have been enacted or in place to make way for this. Also China has the digital renminbi and is the first digital currency by a major economy and is legal tender currently. In China, the country is way more advanced and everything in the cities is done by your cell phone to pay for things (they had a 60 MInutes segment showing this-like WOW!). Of course, then the way that China surveillances everything and everyone, it gives them more control and no privacy I would guess.
So this is NOT some conspiracy theory it is actually happening on many levels and makes sense bc they will say it is to prevent money laundering, crime,much faster,etc. Also in Greece and Cyprus, their banks were collapsing and failing, so as part of the EU, Germany helped to bail them out but wanted them to have skin in the game so then Cyprus taxed the bank accounts to raise the money. So when citizens woke up one morning money had been confiscated from their accounts or taxed in order to receive your money back. Lots of Russians hide their money in Cyprus banks so they had significant money in there but that was the deal if you wanted your money back. Now imagine it was digital currency-much easier to do. So it has happened that banks or countries can take money out of your bank when it is faced with a failing economy. Venezuela used to be a rich country and now has been dealing with hyperinflation. The famous Weimar Republic also had faced this consequence so it has happened in history, we are not immune from this-the only thing that may save us is that we are a reserve currency in the world which China and Russia is trying to change-I think China is positioning itself to be the next reserve currency. Just think about it, we are TRILLIONS in debt and we do not produce much anymore. LIke I want medications to be brought back here for manufacturing, we had a shortage of med supply last year and this year because it was made in China and India! I don't feel like it is a good idea to rely on foreign countries for making our vital medications! Like China had that problem with the baby milk being adulterated with melamine! They don't care about their own citizens and it is about money, greed and profitability! With their control of our meds they can put long acting harmful ingredients like there was a med that was recently recalled because it had rocket fuel chemical I think in it! Gross!
Anyway, so yes, I have come into a bit of money and want to invest it smartly, but real estate is too expensive for me to afford out here so I am not saying I can afford it with it in the 800k- over a million range! I bought long ago so my house was reasonable in the 200k range back then so more easily paid off. I don't think we would ever be able to pay off the houses the way they are priced these days! So we are looking at different avenues and I can't see any options anymore bc most are out of price range! So maybe you can see it from the perspective I am seeing from now and hope I did not offend you in any way-just explaining matter of factly. At this point, I am thinking just get my house ready for when I am even older and won't be able to do much since a limited income (yes I still do worry like when my dh almost died last year, I do not have incoming money except from him! If he dies it mostly goes away with him! I will get a little portion of his pension bc we pay for that right now to do so but not much and I will not qualify for social security yet!)-so I would like to save that money we got for that but I want to make sure it grows or at least safe in the bank!