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Anyone here buy stocks?

When the USD goes to "0", physical gold and silver still have value. Gold and silver are bought as a life insurance policy on your paper assets, all of which will be worth "0" at some point. The trick is to have a chair when the music stops.

USD ain't going to zero. You think we have the most powerful army the world has ever known because we give a sh*t about some spits of sand between China and Japan? Or what warlord is beating the piss out of some other warlord in Africa?

We have the unparalled ability to project force because in a time of scarce resources, we will reach out and take whatever we want. Like that delicious light sweet crude that Saddam was foolish enough to get close to near the Saudi boder so we bombed the whole area back to the stone age (before fracking came along and now we don't need that either).

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Fred Schwed wrote a book called Where Are the Customers' Yachts? The title came from a story about a visitor in New York more than a century ago. After admiring yachts Wall Street bought with money earned giving financial advice to customers, he wondered where the customers' yachts were. Of course, there were none.
Debt and taxes are your enemy. Investing in stocks while having debt is a loosing proposition. Paying cash for the things others finance will give you freedom and a higher standard of living.
Read the Millionaire Next Door and The Wealthy Barber. They are the best investment books out there for someone starting investing. They should be required reading in high school.
 
Fred Schwed wrote a book called Where Are the Customers' Yachts? The title came from a story about a visitor in New York more than a century ago. After admiring yachts Wall Street bought with money earned giving financial advice to customers, he wondered where the customers' yachts were. Of course, there were none.
Debt and taxes are your enemy. Investing in stocks while having debt is a loosing proposition. Paying cash for the things others finance will give you freedom and a higher standard of living.
Read the Millionaire Next Door and The Wealthy Barber. They are the best investment books out there for someone starting investing. They should be required reading in high school.
"The Millionaire Next Door" is the first book I ever read on investing, great primer.
 
A little hyperbolic, but with some basis in truth. Stocks have been valued much higher many times by many metrics, maybe only highest now in P/S, not P/E or EBITDA/EV or P/E. They could crash tomorrow, or continue there run up to P/E's in the 40s like in the late 90's.

Future expected returns are much lower at these valuations, and I could not argue with having a heavy emerging market tilt within your equity allocation.

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realinvestmentadvice.com_wp_content_uploads_2017_02_pe_vs_gdp_graph.png


This chart shows CAPE/GDP Growth allowing for a proper comparison to the underlying economy. As you can see, this farcical sh*tshow known as the "market" is more overvalued than any time in recent history.
 
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Two questions:

1 ) does ODT have the investing forum up yet?
2) What book or course recommendations do you have to improve investing knowledge. Mostly interested in stock investing.
 
realinvestmentadvice.com_wp_content_uploads_2017_02_pe_vs_gdp_graph.png


This chart shows CAPE/GDP Growth allowing for a proper comparison to the underlying economy. As you can see, this farcical sh*tshow known as the "market" is more overvalued than any time in recent history.

Ben Graham wrote in Financial Analysis a long, long time ago that people were incorrect who said at that time that fundamental valuations were no longer valid. "There's nothing new under the sun." The market will come back down to reality at some point. I make no guess as to when that will be though.
 
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