Arg, Tired of Losing Money - What do we do?, page 1

reply to post by kenji4861

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I heard what was coming, but just decided to ignore it thinking I'm in it for the long haul anyways, well now instead of ignoring like I have been, I want to take action.

IMO if you have already suffered severe losses, and admit these funds are for retirement and not exactly "needed now".. don't touch it.

Reinhardt seems to be able to predict dates of collapse and he predicts another collapse is coming on 02/09/09.

No, he's a tool and cannot predict anything.

02/09 is the month that all final Christmas Sales reports come out.. we will see how well we fared as a consumer economy during the Christmas season.

Since GDP in America is based on a huge proportion of consumer spending, especially retail, if the Christmas season is a failure, the country will take a massive economic hit.

Current estimates from top retailers are calling this coming Christmas possibly the worst in 20 years, some say this climate of spending has never been seen in living memory, and some estimate the contraction of consumer spending will drive them into bankruptcy.

Also GM has said if they do not receive funds by January, they will file for Bankruptcy.. and it's looking like they will not be receiving funds, and their suppliers are declaring bankruptcy at an alarming rate.

Any amateur economist can look at these reports coming out, understand they are down played not to scare people, and see that a perfect storm for economic disaster is brewing.

If people really believe DOW is hitting 3000, what are you investing in or are you just backing out? If you believe in it to the point of pulling everything out, why not short?

401k and mutual funds give you very little options as to what you can and cannot invest in.

If you look at your investment portfolio for the past 10 years, calculate what you start with, what you end up with, and average the gains across 10 years.. you may find that fixed rate investments are a better choice for you, as you do not seem all to thrilled about taking risks.

Oh and I have invested quite heavily into Gold/Silver/Foreign Currency just in case the USD collapses and yes I understand this will be something we're expecting in the next 0-5 years.

Gold prices have collapsed, so that was not exactly a smart investment was it?

Gold prices are relative to the currency, if the currency collapses, Gold's value will be so high it will be unusable. If you even have the hard metals in safe keeping.

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