QUOTE(dreamer101 @ Sep 8 2011, 07:26 PM)
kevyeoh,
So, I still can last at least 2 years without selling and without income.
What is YOUR NUMBER??
How long can you last without income and not selling anything??
Dreamer
How old are you to only last 2 years without income? TWO years doesn't sound like a big deal to me and your projections might be wrong as well. Why?So, I still can last at least 2 years without selling and without income.
What is YOUR NUMBER??
How long can you last without income and not selling anything??
Dreamer
1. What happens if hyperinflation kicks in and nobody believes in your cash anymore? Do you have commodities that other people wants in order to make a trade? If you don't, you can't even last a day.
2. Theft
3. Riots
4. etc
Don't assume 2 years if you do not have the necessary protection to protect your wealth. Say "two years if I am lucky". Still two years is quite short if you ask me.
Nothing to hide here, I can't even last 2 days as of now. D:
QUOTE(cherroy @ Sep 16 2011, 05:17 PM)
It depends how one calculates.
It also can be pointed up,
In USD term.
1970's
USD500 cometh 2011 USD1800 = 260%
35 years for 260% return, is not something very proud of, and definitely is not decent, nor even can catch up the inflation, nor beating FD rate by miles.
You're looking it at a growth point of view, investment pov. This is perfectly fine, if you're in the era of good times. Unfortunately Cherroy, I highly doubt we're anywhere near good times. It's unfortunate time coming ahead. It also can be pointed up,
In USD term.
1970's
USD500 cometh 2011 USD1800 = 260%
35 years for 260% return, is not something very proud of, and definitely is not decent, nor even can catch up the inflation, nor beating FD rate by miles.
Gold hoarders view gold as a bargaining chip when your dollars turns to Zimbabwe money. Note I didn't say gold investors because investors usually have an exit strategy to sell off their gold for other investments that have better returns.
Also I realized some still are pretty ignorant about the housing bubble. IT IS GOING TO BUST. Malaysian bank economists have forecast it as early as 2012, I don't think it will last past 2013 because it is already out of control now. Not so certain about land banking though.
Sep 17 2011, 09:09 AM

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