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Should I Save or Invest?

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Should I Save or Invest?

Postby zacb » Thu Dec 05, 2013 5:15 am

I think I am going to be getting a part time job, and will have it on a temp basis. I will earn around 400 dollars. I was thinking I could either save to go to a new town I will look for work in(and stay longer to look for work because of the extra money), or I could invest it. Which do you think seems more wise? I was thinking or Ivanhoe Energy or something along those lines that is depressed. What do yous think?
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Postby Cornfed » Thu Dec 05, 2013 5:25 am

Invest it in whiskey. It is a recession-proof currency and if all else fails you can always drink it.
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Postby zacb » Thu Dec 05, 2013 5:26 am

True. Also investing in the war machine seems to pay dividends (see Schindlers list). For the most part I would say the market is way overvalued, but there are some corners worth looking into.
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Postby Contrarian Expatriate » Thu Dec 05, 2013 6:26 am

Save half and invest half, but DO NOT invest in the stocks yet. It is at an all time high which means it is due for a correction or a cyclical bear. After a catostrophic fall in the market would be a good time to invest in it.

The precious metals are in a bear market now, so you might want to consider dollar cost averaging into gold, silver, platinum and palladium funds while they are still low.
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Postby tre » Thu Dec 05, 2013 8:35 am

Whatever you do, don't save very much in the Greenback USD form.

I'm going to invest some in precious metals, property, food/water supply and guns/ammo. Funny that Cornfed mentioned Alcohol, but honestly...probably a good choice as well. I'm a big fan of investing in what you can have in your possession that can be protected by your physical presence.
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Postby zacb » Thu Dec 05, 2013 3:41 pm

Contrarian Expatriate wrote:Save half and invest half, but DO NOT invest in the stocks yet. It is at an all time high which means it is due for a correction or a cyclical bear. After a catostrophic fall in the market would be a good time to invest in it.

The precious metals are in a bear market now, so you might want to consider dollar cost averaging into gold, silver, platinum and palladium funds while they are still low.


Gold seems to have been overproduced, so I think it need more liquidation before I buy. Silver seems good, but I want it to drop below 20 before I buy any beyond hedges. I think maybe buying into some soft commodities funds that focus on rough rice , sugar, and the like seems like a good idea, considering how important those are to the world economy.

You are right about stocks overall. I found some specific instances (Ivanhoe), and others I want long term, but would like a better price (Cielo). Excelis seems a tad undervalued in comparison to other defense companies, and like I said about soft commodities seeming like good options, but besides that, I would concur. I just think Ivanhoe could at least cross .90 to 1.00 range.
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Postby SilverEnergy » Thu Dec 05, 2013 3:54 pm

Save and invest wisely in silver, gold or real estate.

Do not mess with mutual funds and bonds.

Stocks are okay but there are better investments than stocks these days.
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Postby fschmidt » Thu Dec 05, 2013 4:48 pm

The number is small, so use it to invest in yourself, either to start a business or to develop skills.
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Postby zacb » Thu Dec 05, 2013 5:44 pm

I think short term, maybe speculate on a few stocks (Ivanhoe which have reached their 52 week lows), but otherwise I agree. Might wait for Cielo to lean lower. Maybe buy a soft commodity fund. Since I don't "need" the money per se, I think I will speculate a bit (Ivanhoe kinda makes me giddy).
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Postby Teal Lantern » Thu Dec 05, 2013 8:09 pm

zacb wrote:I think short term, maybe speculate on a few stocks (Ivanhoe which have reached their 52 week lows), but otherwise I agree. Might wait for Cielo to lean lower. Maybe buy a soft commodity fund. Since I don't "need" the money per se, I think I will speculate a bit (Ivanhoe kinda makes me giddy).

Gonna fight the trend and catch a falling knife, eh? :wink:
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Postby zacb » Fri Dec 06, 2013 8:27 am

Well, it is in my DNA, so my thrill seeking is a little up there. Also, Sir John Templton invested during the great depression, and came out ahead. Not say this is depression territory, not by a long shot :D .I just want a trade or two to trade.
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