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Discussion Starter · #1 ·
Just curious what you all think since I think the answer is most definitely "YES".

The whole object/basis behind preparing is to be "prepared" whether it is good or bad. Over the past few years I have had the urge to perpare for a
"just in case" or "catastrophe" type event, and gather bulk supplies more than I have ever felt before, even though I have always been the type to enjoy being prepared. Basically having what you may or will definitely need in any given situation. I have been into camping my whole life and my friends always called me the "condiment man" LOL. I for one will not let my family down no matter what happens.

Thats why I still actively invest in stocks, medals, and other commodities. Bought some gold a few years back for half of what it's worth now. My stocks are 3/4 doing better then when I bought them at. I might need to sell them all towards the end of the year to take advantage of the probable expiration of the special long term tax advantage.

I just love how the land of opportunity, and being able to be as successful as you want to, is slowly being turned into everyone must be equal financially socialism which does not work. It only produces a lazy dependant society. I will not work as hard or harder than my peer if we HAVE to make the same amount and own the same amount. F that, I will my butt off to do less work for the same amount. That is where we are slowly heading. Sorry for the last paragraph rant.

Thoughts?
 

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Discussion Starter · #3 ·
it seems so many people (not talking about this board although there might be some) are either totally oblivious to all the possible things that can happen bad to them. They only think good things will happen or possibly the total opposite. They only think the world will end so "screw" everything.

just kinda weird to me that more people just don't try to prepare in general for ALL scenarios that might happen. If nothing happens in my life then my kids will inherit a lot of guns, ammo, gold, stocks, BOB and supplies, etc
 

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Discussion Starter · #4 ·
If something does happen though, my family WILL be good to go. Hopefully more like minded people (such as those on this board) will be around to help form healthy functioning groups for rebuilding, food, water, fire, protection, etc.
 

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Very well said.

I invest in a variety of ways already mentioned above, plus a few that have not yet been mentioned in this thread, such as:

* Adequate health / life / disability insurance
* Long term care insurance (once I reach age 49)
* Education / career planning
* Networking (for personal and professional reasons)

I consider these investments in myself that will hopefully pay off dividends in the future.


Yes. Because prepping includes prepping for retirement. What happens if SHTF never happens and you end up living well beyond 80 with no savings?

Planning for a long life is part of trying to cover as many scenarios as possible.
 

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At all points in history apocalyptic predictions have been common. Usually they prove to be false. There is a 95+% chance investing in stocks will produce greater returns that investment in preps. However, if that 5% happens, it will be a bitch.
 

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Investing and prepping are seperate issues. You can be a prepper and still invest however you want. Financial growth is an important prep for normal life. Just consider the risk to the money you invest if a crash were to happen, and plan around it. But then again, savvy investors do that anyway.
 

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Yes, and with proper diversification, one would hope that if one set of assets declined in value, another set of assets would increase in value to bridge the gap.

I'm sure that many who are invested in both the market and PMs have experienced this phenomenon.
 

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A wise prepper prepares for everything he can. Hurricanes, Tornadoes, forrest fires, theft, job loss, SHTf, retirement, death (via life insurance and will), illness (insurance and savings), etc.

For me, its a no brainer since SHTF may not happen, illness will happen eventually, and I DO plan on reitiring one day. I do prep for SHTF; even though the odds are low-the consequences for not preparing are dire. As said earlier, if SHTF never happens, my kids will get guns, pm's, food, and "other gear" (along with stocks, savings, and life insurance).
 

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Dumped the few stocks I have today just after the Bama dude talked the Market backup for short while. Figured it is just too dangerous to be invested until they sort out this Debt situation. It would be nice to catch the bounce when they approve the Debt, but the risk of free fall especially after the declining GDP is getting real high.
 

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Dumped the few stocks I have today just after the Bama dude talked the Market backup for short while. Figured it is just too dangerous to be invested until they sort out this Debt situation. It would be nice to catch the bounce when they approve the Debt, but the risk of free fall especially after the declining GDP is getting real high.
See, I'm of the opposite mindset. I'm confident that in a few days we'll have a debt deal, because any politician wanting to keep their job isn't going to let the default occur. And once that deal is in place, stocks will have a bounce again (perhaps temporary) but I'm in buying mode again.

We'll see how that works out for me in a few days.
 

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See, I'm of the opposite mindset. I'm confident that in a few days we'll have a debt deal, because any politician wanting to keep their job isn't going to let the default occur. And once that deal is in place, stocks will have a bounce again (perhaps temporary) but I'm in buying mode again.

We'll see how that works out for me in a few days.
Hope you gain big! :thumb:

Like gambling, never bet more than you can afford to lose.
 

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Discussion Starter · #15 ·
Thanks all....that is why I like this board...so many people think like me. Refreshing!

I'm just amazed at all the people (ranging from at work to some friends) that abolsutely do zero prepping of any sort for any event (Fire, flood, hurricane/tornado, retirement, serious injury, death, etc).

I have had soo much fun putting together my bug out bag that just that alone is worth every penny I have spent. Peacing every item together after researching it, etc. When I do a good stock trade its fun whether long/short a stock or whether or not i'm buying/selling calls/puts. To me "prepping" in general is a ton of fun.
 

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Discussion Starter · #16 ·
Prag, very wise move indeed. I love buying when markets are tanking...As Buffet does...when everyone is running away from a stock or sector that is the one I embrace the most. Such as bank stocks a few years ago... although they have been very stale for the past year.

Also, very true as far as not betting/investing more than you can afford to lose...some trades can make you lose a few days sleep for sure and years later you still think about it.
 

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Yes, stock investment make sense for young preppers. Perhaps from age 22-50.

But as you start making retirement plans they make less sense. 5 yrs away from retirement they make very little sense at all.

I was heavily in technology and growth stocks in the late 1990s. If I had sold in 2000, I would have lost 40% of my net worth. But I was only 40 yrs old, so I let those investment regain their value. When I did sell in 2007, I bought a ranch and much of my preps.

In today's environment, I would not buy a stock mutual fund of any type.

I would wait for the Dow to drop 6,000 points and buy when there is blood.
 

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Discussion Starter · #18 ·
Yes, stock investment make sense for young preppers. Perhaps from age 22-50.

But as you start making retirement plans they make less sense. 5 yrs away from retirement they make very little sense at all.

I was heavily in technology and growth stocks in the late 1990s. If I had sold in 2000, I would have lost 40% of my net worth. But I was only 40 yrs old, so I let those investment regain their value. When I did sell in 2007, I bought a ranch and much of my preps.

In today's environment, I would not buy a stock mutual fund of any type.

I would wait for the Dow to drop 6,000 points and buy when there is blood.
You are absolutely right, and age definitely factors in.

If Obama somehow does the impossible and gets re-elected the DOW probably will go down that much in several weeks time.
 

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Woo! Couldn't have said this better myself!

I would disagree with Hick Industries, though, about the stock market having little role in retirement. Obviously you need to preserve capital; but you also need more growth potential than bonds and interest - especially interest these days - can provide. SOME investment in blue chip stocks... assuming there are any of those anymore... can earn you enough to offset the eroding costs of inflation. Hopefully.
 

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What if the poop doesn't get into the oscilating venting system?

Plan for your future. Prepping should't be all you do to look after your family.

In a word, "yup"
 
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