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A lot of early retirement guys recommend the Vanguard Total Stock Market index fund. Do a quick search for JL Collins Stock Series and he does a great job of explaining that particular angle of investing. Not everyone (Honey Badger) agrees with that thought though.Originally Posted by Wulf202
"There are no finger prints under water."
Whoa whoa whoa! I didn't ever say that index funds are the devil, did I? I just think you can do better. There are plenty of mutual funds that consistently outperform the market.
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"When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat
"I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
― Russell Kirk, Author of The Conservative Mind
That is a common saying. I don't really have wealth, so investing in precious metals would be the same as keeping cash in my mattress.
"There are no finger prints under water."
That's why I do both.
Good plan. Hence your recommendation of 50% in safe.
"There are no finger prints under water."
Government taxation is the biggest enemy of our retirement plans and our biggest unknown.
My distrust of the government knows no bounds, as government continues to slide left we'll see more parallels with socialist history.
Last edited by roberth; 06-28-2016 at 20:03.
In total agreement. I plan to invest and make as much money as possible until then.
"There are no finger prints under water."
Sounds like a good plan.
My Feedback
"When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat
"I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
― Russell Kirk, Author of The Conservative Mind
Silver is up on 18 right now, gold is up a little. Futures are flat, VIX is down 4 points from this morning, currencies are flat.
These episodes of panic are fun to watch, I'd like to see a few more countries break out of the EU.
And XIV is up 5%: https://www.google.com/finance?q=xiv...mON8e9igKP1aho
ETA:
It only preserves your wealth if someone else believes it has value. In times of crisis, I doubt anyone will be begging for gold or silver on the streets or shooting each other to get gold and silver for their families. After the crisis, perhaps... but that also means that you have to survive the crisis for your gold and silver to be worth anything.
Last edited by HoneyBadger; 06-29-2016 at 11:13.
My Feedback
"When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat
"I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
― Russell Kirk, Author of The Conservative Mind
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