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Old 07-17-2011, 07:50 PM   #41
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I still like CDs. Getting nervous about municipal bonds though.

Originally Posted by novaman View Post
I'm reposting this link from another thread, but supposing the worst happens and the US defaults, where should I be putting my money??

Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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Old 07-17-2011, 09:03 PM   #42
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Eh - it's all sounding pretty much tinfoil cat like:


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Old 07-18-2011, 08:50 AM   #43
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Stick to my Asset Allocation-Allocation-Allocation...that's my approach if things get ugly, if there is another war, or if there is irrational exuberance.

I know, boring..but at least I get a good nights sleep.
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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Old 07-18-2011, 03:18 PM   #44
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Originally Posted by W2R View Post
One gun and ammo was helpful for some. I do not like guns but I admit that my neighbor had them and sat in his carport with a shotgun casually laid across his lap all day long during those early days. That probably encouraged some looters to keep on walking. You can't eat gold.
Looters aren't very smart. If I were the looter, I might say to myself "This guy must have something really valuable to protect." And, if I am in caveman mode, I might just bring my gun and pop him off from a distance and go see what he's got.
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Old 07-18-2011, 04:44 PM   #45
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Here is what one guy is doing, but note the 'friendly' comments to his article:
The perfect hedge for this crisis Outside the Box - MarketWatch
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Old 07-18-2011, 06:14 PM   #46
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Originally Posted by Stevewc View Post
I'm hoping they (congress critters) screw around to the last minute.
Interest rates start to move, people and the markets freak out.
I'm gathering cash to buy blue light specials.
It might create a buying opportunity?
Looking for a bright side to this.
The problem with that is US debt can be down graded and will be when (I think it was someone from S&P on CNBC or Fox business today)they think we deserve it. So while we may not default we can be down graded and that would be very bad. It would effect so much that we really don't want that to happen.
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Old 07-19-2011, 04:45 PM   #47
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Originally Posted by calmloki View Post
Eh - it's all sounding pretty much tinfoil cat like:

That's one alien pussy.

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Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
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