by Smiddywesson on Mon, 08/09/2010 - 13:52 #511168
Investment Idea: 50,000 cases of Spam
Best case scenario, the world goes to Hell and you survive. Being the only person left with food, you become the Emperor of Spam and form your own Bordertown.
Worst case scenario, Ben Bernanke saves the world, you have to eat your investment, and your kids spend the rest of their lives talking about how much they hate Spam.
by aaronb17 on Mon, 08/09/2010 - 13:32 #511113
Interesting. Coincidentally, I liquidated the last of my Roth IRA holdings today, and will be withdrawing the principal this week (no worries about taxes, the damn thing has shrunk since I opened it). I couldn't hold on any longer for the next damn crash, watching my short ETFs churn and lose value. We're putting the money into a dirt-cheap REO auction property we picked up for a song, that we're going to live in with no mortgage or rent payment.
No more mortgages; no more financial products; no more goddamned pretend "assets." Just real stuff I can hold and/or eat, or live in or drive. The rest -- stocks, bonds, treasuries, etc., -- is all just a bunch of promises that no one intends to keep.
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