Fiscal Gymnastics

[ballistic_ken]

Given the global fiscal situation I am looking to convert more to cash/liquid assets. Anyone care to share tips/advice?:dunno:

[Gabriel Suarez]

On an open forum? Nope. Find a tax accountant and a corporate attorney that both fly the Jolly Roger.

[ballistic_ken]

Understand, was trying to keep it vague.

[rikkitikkitavi]

I will say this , Buy quality hard assets and tools, stuff that will last,

[Pokeguyjai]

Step 1) Pay off debt as quickly as you can. Maybe that 5 year car loan can be payed off in 3 years?

Step 2) The only quality hard assets worth investing in is ammo.

Step 3) Do as Gabe said and talk to an accountant and a lawyer.

Step 4) Don't f*** with the IRS.

[Windwalker]

I would not go to cash as we are looking at super inflation, so it will lose value and gold is too high to use as a hedge, it might go up to $2,000 or more but also might settle at $800-$900. Look for something that will hold value, is easy to covert and ideally not IRSable, lol. Used to be tax free bonds and the like but with cities going belly up right and left and inflation, that is fools money. Finding legal ways will be challenging as Uncle Sugar wants to suck up all our loot

[Web Services]

In the end the best investment you have is self-sufficiency. That can mean different things to different people, but it occurs to me, the more self-sufficient you are, the less you would need to buy or barter from others in the first place.

If you have 15 starving people are you're the one who knows how to trap and fish, guess who is king? If you know how to garden, render soap, preserve veggies and fruits for a rainy day, guess who doesn't have to rush Walmart in a crisis?

Don't owe anybody anything, invest in stuff that matters and is useful. Just .02

[Rambotito]

In the end the best investment you have is self-sufficiency.

Yup - This also includes investing in yourself. Think education in something that will help you make a living. Engineering, Medicine, Business, or a trade (examples of potentially valuable education) vs English, Art History, or Asian American Studies (who employs these graduates?).

[Base Bleed]

Buy people.
Election donations, dinners, etc.
Do business with the powerful.
Mayor's son sells cars? Buy from him. His daughter caters events? She does your next Xmas party. Etc.
Friends with clout are an investment.


God & Tribe

[Glock Driver]

I would buy hard assets. I have just purchased 3 houses and 2 mini-storage facilities.

I sold most of my physical metals around 1700, and will re-purchase some of them after gold bottoms again, which we may have further to go.

I will again pick up several futures contracts, along with possibly some SP contracts that I recently sold waiting for the market to pick a direction on earnings season.

Inflation will rear it's ugly head sometime soon (even though we have already seen it in some areas), and with what looks like the next Fed chief looking like more of a printer than Mr B it's an easy choice.

Even though Dr Schiller doesn't think housing has bottomed (I talked with him recently at the CME), I think the risks of not being inflation protected FAR out weight the risks, as if we get another down draft the Big O will have some form of bail out, so the risk is minimal. (Isn't that screwed up?)

Would have made a TOTALY different choice if the Big O missed in the election, but we got what we got.

If your still buying bullets and gold, you should of had that squared away a long time ago.

Personally, I will be enjoying myself in Tampa, and I might even learn to sail.

It may not be right, it might not be fair, but not much use squawking about it, just need to enjoy life before the train wreck.

[Glock Driver]

Meredith Whitney may not look so foolish here soon.

Hello Stockton CA! :)