Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Re: hello, here's my story
Old 12-05-2005, 09:34 PM   #21
Thinks s/he gets paid by the post
greg's Avatar
 
Join Date: Jun 2005
Posts: 1,071
Re: hello, here's my story

Nords: "Shorting CEF." Sounds like a 'pile off' to me. I'm ready to buy on the dip just like you.

NYCGuy: Re: #4. I own a small position in PSAFX, a foreign bond fund containing mostly short-term AAA bonds (and a wee bit of PM shares). Last time I looked it held Singapore, Swiss, and Icelandic gov't stuff, etc. I'll enlarge my position before the US$ collapses--I hope (for the good timing, not the actual collapse). It's a good parking spot to wait out an on purpose accident. I think the $ will stay strong for quite a while, everybody is vested that way. But it may be quick when it does fall.

So, to me holding GLD or CEF is a natural play abainst the US$ because it is priced worldwide and seems to rise and fall with an uncanny understanding of absolute value. Whatever that means. Plus it has an emotional component (reacts positively to fear) that seems perfect for trading. Why is it over-valued? Just because it rose? Maybe it didn't go up, maybe all the world's currencies are just becoming worthless together and a few more people are catching on, buying something that will hold its value? Or do you think the $ will rise against it?

Maybe I've just been doing this stuff for too long .
__________________
Compounding: Never forget! Never not remember!
greg is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: hello, here's my story
Old 12-06-2005, 03:35 AM   #22
 
Posts: n/a
Re: hello, here's my story

Quote:
Originally Posted by HaHa
Good luck trying to assure lifetime financial security for a 27 year old. Unless you are truly rich, plan to die with your boots on.

Ha
This is like trying to fund three retirements. One for you, and two back-to-back for your wife. Like the man said, you'd better be really rich.
  Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
A Story From Nobody Special UnderTheRadar Hi, I am... 20 05-28-2007 05:51 AM
Skin Cancer Story on NPR Buckeye Health and Early Retirement 13 05-22-2007 11:55 PM
A different twist on the retirement savings story UncleHoney FIRE and Money 2 04-11-2007 07:56 AM
National magazine wants to hear/publish your story! DRAFT Mag Life after FIRE 14 12-02-2006 03:33 PM
FI@35 - My Story FI@35 Hi, I am... 9 05-29-2006 02:06 AM

» Quick Links

 
All times are GMT -6. The time now is 02:42 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.