View Full Version : What are you guys doing with your savings?
Just wondering what you guys are doing with your savings since the stock market is crapping .
I took most of my my out of the stock market about a year ago an invested it in Iraqi Dinar .
One of my professors said dont put money back into the stock market until the bottom is reached and he thinks its still quite a ways away. He also said dont just leave your money in your savings account because inflation is going to get really high and you money isnt going to go as far when this happens.
He suggested to invest in gold and if you dont have enough money for gold buy silver, silver basically follows the same chart as gold.
Anyone have any plans ?
Anyone think things are going to get really bad ?
Anyone worried about their job?
Mr. IWS
10-08-2008, 04:34 PM
I cashed out my 401k when I got laid off in june, so Im not losing shit.
the good thing about my new job, is the bulk of our customers are oil refinery's. They dont give a shit how much you charge, they pay the bill.
(probably why gas is so high now...LOL)
My company had a party last month celebrating the most profitable month in their 70 year history, so this economy isnt doing shit to me but making me money. I got a raise 5 weeks after I started this job, and im getting put on the commision plan in January. (it usually takes over a year to get on that)
I still dont make as much as I did at my last job, but Im getting close to it.
That really good Zak,you should be happy to be in that position and not having to be worrying about things.
Most people I know work where I did (Honda) before I went back to school and with the car market going down there all afraid there going to get laid off.
What do you think Timbob? I know your out there hiding. Be the "team player"
Mr. IWS
10-08-2008, 04:54 PM
Its definatley fucked up right now. My boy got laid off a couple days after I did at my last job.
and the ones that kept there job, got all their hours slashed. no overtime what so ever.
HUSKERPOWER
10-08-2008, 07:38 PM
got this email from my parents...
this is what i should of done with my money
If you had purchased $1,000.00 of Delta Air Lines stock one year ago you would have $49.00 left. With Enron, you would have had $16.50 left of the original $1,000.00. With WorldCom, you would have had less than $5.00 left. But, if you had purchased $1,000.00 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have $214.00 cash. Based on the above, the best current investment advice is to drink heavily and recycle. It's called the 401-Keg Plan.
A recent study found the average American walks about 900 miles a year. Another study found Americans drink, on the average, 22 gallons of alcohol a year. That means, on average, Americans get about 41 miles to the gallon. Makes You Proud To Be An American doesn't it!
got this email from my parents...
this is what i should of done with my money
If you had purchased $1,000.00 of Delta Air Lines stock one year ago you would have $49.00 left. With Enron, you would have had $16.50 left of the original $1,000.00. With WorldCom, you would have had less than $5.00 left. But, if you had purchased $1,000.00 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have $214.00 cash. Based on the above, the best current investment advice is to drink heavily and recycle. It's called the 401-Keg Plan.
A recent study found the average American walks about 900 miles a year. Another study found Americans drink, on the average, 22 gallons of alcohol a year. That means, on average, Americans get about 41 miles to the gallon. Makes You Proud To Be An American doesn't it!
::lmao:: ::lmao:: ::lmao:: ::lmao::
What do you think Timbob? I know your out there hiding. Be the "team player"
Really timbob? thats good ,I never thought of that
Mike ,scott ,chico ,AC anyone got any advice??
RedHottG2
10-08-2008, 09:26 PM
I know the 'new car' market is bad right now for sure but it has not effected me in any way (thank god because of my little girl). People are resorting to buying clean pre-owned cars right now because the way I can buy them is next to nothing and can still make the customer a hell of a deal. The two past months in a row I have been the #1 pre owned lot (sales) in my county out of 146 lots.
I like the gold idea for sure, just as an example my mom got me a solid gold rope chain that I wear every day (and never take off since she passed) and when she bought it she paid $1200 (8 yrs. ago). I got this same chain appraised not to long ago at a very nice jewelry store here in Waco and they hit it at $2300! ::cream:: . Whitney's wedding ring I paid $4500 for and they hit that ring at $5100 (white gold). The gold market is where it's at right now atleast..
I know the car market has taken a hit . I bought my 2006 Trailblazer new for $24,000 with my grandpa's GM discount and just a few months ago me and the lady went to a GM dealer to look at G5's and they told me the trade in for my Trailblazer was 9600. I was like ::jaydrop:: .Good thing my mustang I had was paid off when I bought the Trailblazer , I cant imagine owing 2x times what my car is worth.
Good to here things are still staying up for you in your business of work Mike ,the car business is one of the ones I was wondering about . My friends that work at Honda said they have basically shut the line that runs V6 down because the only thing anyone is buying is the 4 cylinders. Hopefully things will stay up for you
Makes you wonder if the whole gas doubling isnt what really started this instead of the housing market . I know the sub prime rates made it so alot of people couldnt afford there loans anymore but gas sure didnt help.
Maybe I am just starting to get worried about nothing but that Economics professor sure got me thinking.
Glad everyone looking ok in here ::handshake::
What do you think Timbob? I know your out there hiding. Be the "team player"
Really timbob? thats good ,I never thought of that
What is this supposed to be? There is no comment from TimBob at all in this thread ::swifty::
Mike ,scott ,chico ,AC anyone got any advice??
I have dropped a very significant amount in a few stocks and mutual funds that WILL REMAIN NAMELESS. They are holding their own through the decline except for one that tomorrow AM I plan on dropping another $10K into because of the long term value of the stock.
Save your keystrokes Luke or anyone else, no offense but I am not going to tell anyone my investment decisions and have them whine and cry to me about them doing bad in the market.
I hope everyone can understand that. ::handshake::
What do you think Timbob? I know your out there hiding. Be the "team player"
Really timbob? thats good ,I never thought of that
What is this supposed to be? There is no comment from TimBob at all in this thread ::swifty::
That was my whole point ,there was no comment from him and I asked him for one.I was being sarcastic .
I know he was there hiding I asked for his opinion and he never answered he could have at least said he has no opinion.
::munch::
Mike ,scott ,chico ,AC anyone got any advice??
I have dropped a very significant amount in a few stocks and mutual funds that WILL REMAIN NAMELESS. They are holding their own through the decline except for one that tomorrow AM I plan on dropping another $10K into because of the long term value of the stock.
Save your keystrokes Luke or anyone else, no offense but I am not going to tell anyone my investment decisions and have them whine and cry to me about them doing bad in the market.
I hope everyone can understand that. ::handshake::
I understand .
I wasnt looking for your stock picks just looking to see what you were doing with your money if anything. ::handshake::
Mr. IWS
10-09-2008, 07:10 AM
got this email from my parents...
this is what i should of done with my money
If you had purchased $1,000.00 of Delta Air Lines stock one year ago you would have $49.00 left. With Enron, you would have had $16.50 left of the original $1,000.00. With WorldCom, you would have had less than $5.00 left. But, if you had purchased $1,000.00 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have $214.00 cash. Based on the above, the best current investment advice is to drink heavily and recycle. It's called the 401-Keg Plan.
A recent study found the average American walks about 900 miles a year. Another study found Americans drink, on the average, 22 gallons of alcohol a year. That means, on average, Americans get about 41 miles to the gallon. Makes You Proud To Be An American doesn't it!
That was pretty good. lol
TimBob is not the only person on IWS that "hides" when they are online thare are 12 to be exact. So you have a 1 in 12 chance the "hidden" member is TimBob. I do know that when he is online he does not always look at every post made.
FYI Scott talked to my economics professor and he said dont invest in the stock market unless you dont need to pull the money out for 5 years as of now. He said it will be at least 2-3 years before everything gets back to normal but could be up to 5 years
Mr. IWS
10-09-2008, 06:08 PM
FYI Scott talked to my economics professor and he said dont invest in the stock market unless you dont need to pull the money out for 5 years as of now. He said it will be at least 2-3 years before everything gets back to normal but could be up to 5 years
Shit went in the toilet again today. This old guy I work with said he lost $166,000 in the last 3 months.
FYI Scott talked to my economics professor and he said dont invest in the stock market unless you dont need to pull the money out for 5 years as of now. He said it will be at least 2-3 years before everything gets back to normal but could be up to 5 years
Shit went in the toilet again today. This old guy I work with said he lost $166,000 in the last 3 months.
166 K ::jaydrop::
It still hasnt hit bottom I wouldnt be surprised to see the dow hit 6000 or even 5000 in the next year
Mr. IWS
10-09-2008, 06:18 PM
He put his money in some low risk stuff last week, but the damage has been done already.
He put his money in some low risk stuff last week, but the damage has been done already.
Man 166K I wish I just had that much to lose.
Wont be long and the people on wallstreet will be jumping off building like they did in the depression
FYI Scott talked to my economics professor and he said dont invest in the stock market unless you dont need to pull the money out for 5 years as of now. He said it will be at least 2-3 years before everything gets back to normal but could be up to 5 years
I appreciate the heads up Luke ::handshake:: as it turned out I got busy and was actually in Lima today for an issue at Ford Engine Plant and could not make my call to my POS, I mean Broker. The stock I am chasing after fell pretty hard today and I am about to save a shit load on this play. I will probably wait one or two more days (really have to gauge this move) and then pull the trigger.
This investment is strictly a long term play only for me.
::fingerscrossed::
I've managed to save two thousand bucks thanks to overtime work and freelancing. It was hard and of course I don't want to waste the whole sum. I believe that money should be spent to achieve your dreams. Mine is to buy a cool and professional digital camera since I want to become a wedding photographer. Unfortunately, the camera itself is quite expensive. But it also needs additional gear like this one https://geeklah.com/best-wireless-flash-trigger.html. I hope at least a hundred bucks will be safe when I am done my shopping. But it's a dream of dreams, so I won't regret to spend the money this way.
Kilas2
08-05-2019, 05:15 AM
To be honest ... I can't save money . It was always hard for me to do it that's why I always take loans..
Only in New York there are some cases when people are fooled by banks and credit companies ... I don't want to go bankrupt.
Suiko
08-05-2019, 07:37 AM
To be honest, I rarely save money. Usually this applies only to holidays and big purchases. If I have money, then I try to spend it profitably for me. For example, go somewhere on the weekend or make bets or play in the casino. This is a good way to relax for me, because it clears my mind. I often play free slots, I find offers from casinos on this portal https://australianfreeslots.com/ . There you can choose a casino with a good reputation and find bonuses for new players. It helps me avoid scammers. Sometimes I play for money, in which case I win, I try to spend this money on something pleasant, such as a picture or a board game, those purchases that aren't planned by my family budget.
Lantern2
08-06-2019, 04:21 AM
Today it's not easy to trick ordinary people because they know that there is a good service in New York https://cmcreditlawyers.com/identity-theft . They always do it at a breakneck speed, I know some friends who were in debts but after they asked for help the interest rate that they paid was changed ! That's amazing.
Holy crap, I cant believe this thread is 11 years old
AngelaRosa
09-25-2019, 08:45 AM
I currently have no savings because I lost my job. So I had to take a small cash advance at payday loans in nc (http://payday-loans-cash-advance.net/NC/)before my evil boss pays me the final allowance. And I really envy you guys. How can you save money in this economy? I don't know. I am now learning gambling and betting techniques so I hope this will help me. But no, I am not naive, the headhunters offered me a new job already.
LostAndFound
12-24-2019, 08:35 AM
I decided to invest all my savings in sports betting and make a fortune on it. At the moment, I believe that toronto blue jays (https://casinovalley.ca/tips/toronto-blue-jays-do-you-know-everything-about-this-team/) is the best team of the century. Have you seen how they play the latest games, give advice to look at them better? I myself once played like them and was a professional baseball player.
Lollypop
12-27-2019, 09:17 AM
I decided to invest all my savings in sports betting and make a fortune on it. At the moment, I believe that toronto blue jays (https://casinovalley.ca/tips/toronto-blue-jays-do-you-know-everything-about-this-team/) is the best team of the century. Have you seen how they play the latest games, give advice to look at them better? I myself once played like them and was a professional baseball player.
So what gains do you expect from this strategy?
Suiko
01-23-2020, 11:38 AM
I don't have a lot of savings, I try to invest my money in different projects. Recently, I began to be interested in cryptocurrencies. I know that there are two ways to make money on cryptocurrencies: buy a farm for cryptocurrency mining or trade on the market. I decided to buy cryptocurrency and sell it when it grows in value. Now I'm studying the course of various cryptocurrencies, I also wonder how quickly I can convert bitcoin or litcoin to my bank card, I found this exchanger https://hiribi.com/ on the Internet, I read the conditions on their website and it seems like a good solution to me, but I would like to know the opinion of more experienced crypto traders.
Pontiaka
02-03-2020, 05:13 AM
Hm... what about some smart investments? They can be also useful . I read about it when I have some free time.
Lantern2
02-05-2020, 05:07 AM
When I have some money I usually give it to my wife ! I know I'm not the only one.. but I read an interesting site. There's plenty of information about trading and such stuff forex broker tenkofx https://tenkofx.co.za/ so maybe I'll invest some of my money in it. I need to ask my wife first but I think she doesn't mind.
Jessie
06-23-2020, 07:11 PM
I heard that it's too difficult to win in these online games so I advise you to start making bets. I also want to propose you to save this link on https://livescores.biz as it will definitely help you with everything. Just have a glance at it now and tell me what you think. I wish you good luck, friend
techcop
11-06-2020, 05:12 PM
I started my Forex business from this school and now I am really making good money https://playsers.com/research-and-education
I see the same signs of a crash like this was from 2008. Everything is going up too high, too fast. Every house on the market is sold within a week for way over asking price, the stock market is surging, yet people need stimulus checks to get by.
Might have another crash before we know it
leovardy
05-18-2021, 01:50 AM
I think the best option is investing in real estate - unlike banks, it does not go bankrupt.
Mr. IWS
05-20-2021, 09:20 AM
I see the same signs of a crash like this was from 2008. Everything is going up too high, too fast. Every house on the market is sold within a week for way over asking price, the stock market is surging, yet people need stimulus checks to get by.
Might have another crash before we know it
What in the!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Mr. IWS
05-20-2021, 09:24 AM
I cashed out my 401k when I got laid off in june, so Im not losing shit.
the good thing about my new job, is the bulk of our customers are oil refinery's. They dont give a shit how much you charge, they pay the bill.
(probably why gas is so high now...LOL)
My company had a party last month celebrating the most profitable month in their 70 year history, so this economy isnt doing shit to me but making me money. I got a raise 5 weeks after I started this job, and im getting put on the commision plan in January. (it usually takes over a year to get on that)
I still don't make as much as I did at my last job, but I'm getting close to it.
I actually run this company now, (which is why im not on here much anymore haha!) Time flies, hope you are well Luke!
redviper
05-23-2022, 12:07 PM
I'd have to say property in my case
ash190
03-22-2024, 09:40 PM
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