Investment Strategy

[mipoikel]

I currently get 6,8% on my normal spending account and 8,7% on a special long term savings account. You can get even better if you work for it. The smaller online based banks usually gives you very good rates. Smaller local and big business banks gives you crappy interest.

Sounds dangerous. Are you sure those banks are doing ok? Look what happened to banks in Iceland.. and they were the ones who offered high rates.

[WWhiskey]

surely by the end of this day wicovia or some other bank stock that is at 1/ 100th of its original value could not be bad? help me out here, im looking at a 10 year plan to buy something that will come back at some point! say spend 5000 or so

[Grayeagle]

investment cars:

I dont wanna think about what my '67 Hemi GTX 4-gear would be worth now.
Paid $2700 for it in 1969.

Any hi performance hi demand low production car will do the same.
They seem to follow a curve downward that lasts 20 years, then start comin back up, usually passing initial value very quickly.

-GE aka Frank (already been offered more than I paid for my Vette

[Nilsen]

Sounds dangerous. Are you sure those banks are doing ok? Look what happened to banks in Iceland.. and they were the ones who offered high rates.

Not at all. All norwegian savings banks are 101% safe both due to regulation on how much reserve they have to have in cash before lending out and because they all pay an insuranse to the national bank to even be allowed to operate. That insurance covers all savings up to 2 million per customer so even IF it should go belly up everyone gets their money back. Norwegaians traditionally are good savers so there is actual money in the banks unlike many other banks that borrow to lend out and are voulnerable to the type of crisis the world is in. It may slow the growth of banks but thier liquidity is also alot stronger.

The reason for high interest rates are the regulations on how much money they have to ACTUALLY have so instead of borrowing too much money from other banks or national banks at high rates they pay thier savings customers that money in interest.

In short.. It is alot more profitable to save in banks in norway vs many other places where saving in stocks, housing and other things are the way to go to get high return on your money.

[RTHolmes]

surely by the end of this day wicovia or some other bank stock that is at 1/ 100th of its original value could not be bad? help me out here, im looking at a 10 year plan to buy something that will come back at some point! say spend 5000 or so

good theory, same theory that prompted me to punt on Northern Rock shares when they hit £2 (from a peak of £12, with an asset value of ~£3.50, CAP of ~£4.50) of course HM Govt decided to step in, trash any hope of selling the company and ultimately seized it, delisting the shares. 

plenty of banking shares out there for next to nothing, just a matter of picking which ones are likely to survive...

[lazs2]

Never made a cent on cars.. I always end up spending more on em than they end up being worth and.. I get rid of em too fast.. they are huge and take up a lot of room and require maintenance no matter what..even stored.

one exception.. buy a Hummer.. an early one that is in perfect shape with every option and low miles..  the gas crunch made em worthless..   30 years of storage and it will be worth enough to retire on.

guns..  they are small and tens of thousands of dollars worth will fit into a safe with no problem..  you can even shoot most of em without ruining the value.   There are lots of commie block pistols that are going to be worth money...   Any quality revolver will go up in value..  The plastic guns?   not so much.. maybe not at all. 

Any gun that is banned will go up in value.   Machine guns (class three) went through the roof went new importation or building stopped.   Guys who had a stash made a fortune..  with run of the mill thompsons going for 40K or more sometimes.   Don't pass up any old smith and wesson revolvers that you can get for a good price.   

I bought 1917 smith 45 acp revolvers all day long for $20 in the 80's..  they are now worth $800

lazs

[Grayeagle]

I've made a few bucks now an then on cars .. not much, and it's been a long time since I useda do that.\

Main reason I made anything at all is I kept em so long or got 'em dirt cheap to start with and their value went up.

Right now C5 vette values are kinda tankin .. I saw one for 12k no less.

I beleive in 20 years it will be similar to the 57 chebby .. they made a ton of 'em, they are great cars, in 20 years they will be mostly gone.
The Z06's will go up in value faster and farther than standard models of course.

-Frank aka GE (I may have to get one)

[lazs2]

The problem with cars is not just that they take up huge amounts of room and require lots of maintenance...

The other big problem is..  no one is dispassionate about em that collects em..  they don't make money because the like em.   Mostly, everyone who collects puts more money into em than they can get out of em.. the real money is in doing the work for the collector.

Don't know about the vette thing.. they typically take too long to gain value and are a niche car.   Not everyone wants one.   Back in the late 70's I said the 67-69 camaro would be the new 55-57 chevy.. reason?  they appeal to almost everyone.. you can use em as a family car.

I would watch the 58-62 cars now... the 59/60 chevy is coming into it's own.

lazs

[Angus]

The best...well safest is gold by the bar.
And then, never leave you eggs all in the same basket..