patrick.net

Not if they have been listening to me. Anyone with their money in a 401K or other Institution controlled finances, is a fool, that hasn't been paying attention at this point.
I'm not talking about those, that have picked their own stocks and have managed their own portfolios. But those pushing paper to HR to skim money from their paycheck.
....aaaaand it's GONE!

Tenpoundbass says

Not if they have been listening to me. Anyone with their money in a 401K or other Institution controlled finances, is a fool, that hasn't been paying attention at this point.
I'm not talking about those, that have picked their own stocks and have managed their own portfolios. But those pushing paper to HR to skim money from their paycheck.
....aaaaand it's GONE!

Alright TPB, it's betting time!
I'm 52. I plan on retiring in 8 years. My 403b/457 accounts have about $675,000 in 'em. 80/20% stock/bond mix. I'll continue to put $4000 a month in for the next 8 years. If I don't have $1,500,000 when I'm 60, I'll tip you $1.00. If I'm above $1.5 million, you tip me $1.00.
🤪😂
https://tenor.com/view/trading-places-one-dollar-gif-11325237

Brazil66
It sounds like you're on your way.
In my case I have no bonds in my retirement accounts, it's all capital appreciation stock funds.
There is a website "calculator.com" or similar and you can enter numbers and play with return assumptions.
My father lived to 96 so I'm cautious about spending it.
I inherited 2 bond funds in 2017, but otherwise I'm still rolling the dice for capital appreciation for a few more years.

We clawed our pile with out bloody, broken fingers in often adverse times, no inheritances for a leg up. Having a health care provider as a Globalist quasi assassin doesn't help. That requires a dance of judgment just to get needed health care without falling into their alligator pits.

However, if dividends continue at their approximate present rate and inflation does not exceed 50 percent a year, we can ride out the storm without changing our basic lifestyle. As far as figures on paper for fiat pride and joy, they will be what they will be. I will monitor the RE bloodbath this winter and consider another house purchase as a value hedge.

The con artists are predicting doom and gloom as usual to drive gold, silver etc. I don't trust those, those can be confiscated and values purloined by Guv in various ways.
All of the Nesara and Gesara QFS carrots are apparently advanced cons perpetuated by the Bush family banksters.

Worse comes to worse, we sell out at salvage value in CA and move to TX and get small part time jobs. There is always a way. I know people who live on remarkable shoe strings in Santa Cruz and still mange to get by.

A guy on another board mentioned having difficulties with the market. I think he made a pile in hedge funds and Globalista finance crap in Europe, was a rich kid to begin with. If hedge positions and leveraged positions collapse, then we can probably expect one of those seasons where it rains dead MBAs again.

I've been building up some cash with plans to deploy it over the coming year towards beaten down stocks. But I'm really starting to think I should buy a rural off grid property that has potential to be self sustaining (farmable, water source, solar, preferably redneck neighbors with guns).

Certain disasters could wipe out the financial industry (annnnnd its gone) and evaporate the worth of my stock holdings and bank accounts, but even in a SHTF scenario certain assets will still have intrinsic value. Food production and rural shelter safe from roving bands of starving blue city cretin. Farm equipment, land with greenhouses and generally stocked with equipment and supplies needed for food production and living.

I've been thinking about this for a while. I should have gotten started earlier. Maybe I can find a property which I can mostly finance so I wont need to tie up too much capital in it because I think SHTF is unlikely, but possible enough to warrant planning for. In particular, I think the next half of my life will contain more pandemics, and some of them may be real. War is also another possibility - humanity never goes long without war, and I think the next 5 years are high on possibility.

Hircus says

Maybe I can find a property which I can mostly finance

Mark Moss did this and will (is?) apparently make money on it: https://www.youtube.com/watch?v=DXfeOAbZ6qA

I'd like to do the same but actually live in it. I'm thinking with a well that's electric but that I can manually operate if I lose power. It would require starlink though for my job.

Mark also makes a lot of the same comments you do.

Thanks, I'll watch that link later.

Ya long term I want lots of redundancies / backups / alternatives when it comes to the important stuff. Water sources, power sources, fuel, food. Basically I want an off grid self sustainable farm where I have minimal required dependance upon external inputs.

I love visiting the country but I'm not sure I'd want to move rural permanently though. At least not yet. One idea I have is to get the place setup with multiple buildings, some crops and some animals, and then find tenants with the agreement that they will live there and run things, but I may show up suddenly one day and live there too in the other building, and will probably visit occasionally to work on the place etc... The presence of tenants would prevent squatters and vandals, and keep the place running and primed. They would keep a small number of animals alive so that if some disaster ever happened, we could immediately start multiplying them to meet food demands without having to try to buy animals from farms, who may suddenly not want to part with them. They could also grow crops if they like, or if they dont want to put much effort in, maybe they could just seed some cover crops or something to keep the soil fertile. But I visualize a synergy and nutrient cycle between the animals and the crops, feeding and fertilizing each other.

I might even be able to charge rent for it depending on how nice it is and other conditions, but we'll see. It would probably make an appealing deal for some of our countries many new illegals - "you can live here hush hush, bring your family, farm my land, tend my animals, maintain my buildings, live in my buildings, eat the crops and animals."

I know some farms support short term vagrant/migrant labor (they call it "woofing"), and basically provide minimal food, shelter, and sometimes money in exchange for their farm labor, but I think that's something where you need an active manager to watch and direct things. I'd rather establish longer term labor so I don't need to micromanage.

Hircus says

I know some farms support short term vagrant/migrant labor (they call it "woofing"), and basically provide minimal food, shelter, and sometimes money in exchange for their farm labor, but I think that's something where you need an active manager to watch and direct things.

That active manager would be called an "overseer." If society collapsed enough for one to need that escape farm, then the current slaves and sharecroppers would just overthrow the "Masser" when he shows up.

I admire the old estates of Stanford and Hopkins near here, because they had farms to supply their own houses with food. But they must have had servants to tend the farms, so it probably wouldn't have worked without a structured society.

In fact, I think Stanford students call Stanford "the farm" because of that history.

if markets crash hard. once it starts going up, take whatever money and invest. lesson learned from last crash