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<p>[QUOTE="Good Cents, post: 3341203, member: 100720"]After 2008 there have been ups and downs where I thought "This is it, this is the big one" and luckily for me I didn't play my "gut feeling" because I would have shorted all the index funds had I the time or money at that time. And the stock market just keeps going up, and I look at it in wonderment - how in the world is it doing that? I don't have an answer for that. I've gotten so burned with the stock market that I wont touch it anymore.</p><p><br /></p><p>The S WILL eventually hit the fan. But so many times that I thought "this is it!" it's not. Car loans and leases - they practically give them away for free. Predator loans that don't get paid. Student loans that get abandoned. All those commercials offering to erase people's credit card debt. What's with all the credit card debt?! Why are they giving away money? I've thought for 30 years it's going to all collapse. Even in 2008 when the market crashed, it wasn't "the big one" in the sense that if you had anything in a bunch of diversified mutual funds in 2008 which lost value, it all recovered and then some by about 7 years later. Of course someone who was 70 years old in 2008 and had one foot into the retirement door who needed to LIVE on that money was up the creek and couldn't wait for his funds to recover. And those are the people who were hurt the most. But those of us who still have time before retirement were fine. </p><p><br /></p><p>So, will it happen one day? Yes. But nobody knows when or how. For all we know PM wont help one bit when that happens. Or maybe Palladium will be the go-to PM or something else that we can't anticipate now.</p><p><br /></p><p>I've thought all the things you wrote over the years. And I've tried to plan as best as I can. But I've still got retirement money in mutual funds. At the same time, when I hit 60, I will be winding those down so that I can weather the next 10 years no matter what the market does.</p><p><br /></p><p>Oh, and I agree that people needed to be held responsible for the 2008 crash. That nobody was held responsible, that big wigs were allowed to walk away without even a slap on the wrist and with big golden parachutes and millions in ill-gotten commissions and unheard of salaries, was horrible. It's like 100 years later and these are the new robber barons. Reprehensible. Justice was not served. Neither for Wall Street nor the politicians and lawmakers that facilitated it - actively or passively. </p><p><br /></p><p>We live in such a complicated world today that there are so many repercussions to the actions and inaction of today's politicians and lawmakers - but those repercussions don't see the light of day while they are in office. And they never have to pay for or own their "mistakes" of self-interest and carelessness in their positions of power. And the repercussions reverberate to every facet of our complicated lives.</p><p><br /></p><p>Real Estate is nice but with all these new global environmental catastrophes happening more frequently, my little piece of land can be under water or otherwise destroyed by natural disasters that only frequented these parts once every 1,000 years.</p><p><br /></p><p>Lovely picture - isn't it?</p><p><br /></p><p>My consolation is that in all likelihood humanity will survive, because we always have. So, stay hopeful![/QUOTE]</p><p><br /></p>
[QUOTE="Good Cents, post: 3341203, member: 100720"]After 2008 there have been ups and downs where I thought "This is it, this is the big one" and luckily for me I didn't play my "gut feeling" because I would have shorted all the index funds had I the time or money at that time. And the stock market just keeps going up, and I look at it in wonderment - how in the world is it doing that? I don't have an answer for that. I've gotten so burned with the stock market that I wont touch it anymore. The S WILL eventually hit the fan. But so many times that I thought "this is it!" it's not. Car loans and leases - they practically give them away for free. Predator loans that don't get paid. Student loans that get abandoned. All those commercials offering to erase people's credit card debt. What's with all the credit card debt?! Why are they giving away money? I've thought for 30 years it's going to all collapse. Even in 2008 when the market crashed, it wasn't "the big one" in the sense that if you had anything in a bunch of diversified mutual funds in 2008 which lost value, it all recovered and then some by about 7 years later. Of course someone who was 70 years old in 2008 and had one foot into the retirement door who needed to LIVE on that money was up the creek and couldn't wait for his funds to recover. And those are the people who were hurt the most. But those of us who still have time before retirement were fine. So, will it happen one day? Yes. But nobody knows when or how. For all we know PM wont help one bit when that happens. Or maybe Palladium will be the go-to PM or something else that we can't anticipate now. I've thought all the things you wrote over the years. And I've tried to plan as best as I can. But I've still got retirement money in mutual funds. At the same time, when I hit 60, I will be winding those down so that I can weather the next 10 years no matter what the market does. Oh, and I agree that people needed to be held responsible for the 2008 crash. That nobody was held responsible, that big wigs were allowed to walk away without even a slap on the wrist and with big golden parachutes and millions in ill-gotten commissions and unheard of salaries, was horrible. It's like 100 years later and these are the new robber barons. Reprehensible. Justice was not served. Neither for Wall Street nor the politicians and lawmakers that facilitated it - actively or passively. We live in such a complicated world today that there are so many repercussions to the actions and inaction of today's politicians and lawmakers - but those repercussions don't see the light of day while they are in office. And they never have to pay for or own their "mistakes" of self-interest and carelessness in their positions of power. And the repercussions reverberate to every facet of our complicated lives. Real Estate is nice but with all these new global environmental catastrophes happening more frequently, my little piece of land can be under water or otherwise destroyed by natural disasters that only frequented these parts once every 1,000 years. Lovely picture - isn't it? My consolation is that in all likelihood humanity will survive, because we always have. So, stay hopeful![/QUOTE]
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