Who believes economy will destabilize in 2020? Because of tariffs, interest rate hikes or election? Any ideas on how to prepare besides saving up money?

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Stock up on ammo and MREs.

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I am always stocked up on ammo and MREs but forgot you real silver or gold coins.

Tariffs likely not a major issue. President Trump is a negotiator and China has a lot more to lose in this game. Canada, Mexico and Europe have already indicated their willingness to play ball. Interest rates have been artificially low for to long, now with the economy back to and exceeding normal growth rates it is probably time to buy on the breaks a little.

As a historical perspective, My first house had a 12% interest rate. I remember my parents having to relocate during the Carter years and struggling with how to buy a house when interest was plus 20%. Today I am refinancing a vacation home at 4.25%. So the combined interest rates on my two homes less than my first.

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You need to start hedging with Beanie Babies ASAP

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Ammo and MREs aren’t enough, they are just like MS Word and Excel, ain’t gonna help you by themselves. You need professional training as well.

Jokes aside, I’d try to diversify my investment portfolios across different asset classes.

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Costco sells doomsday food packages that store for like 10 years. Pretty popular amongst flat earthers. You could look into those.

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So don’t buy a house right now?

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D2 Personally I would buy now. Rates are only going up.

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But the prices come down and you can refi to a lower rate later right?

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OP, just know that by refinancing, you relieve your short term CF pressure but you do end up paying more.

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Current rates are most 3/4 of a point higher than the all time low. I doubt if in my lifetime we will ever see rates lower than they are today. If there’s another housing bubble you may be able to get a house cheaper but will it be cheap enough to offset the higher interest rates at the time

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Related Posts

SO and I are debating contributing to 401k this year since the rate of return is around -11% on our portfolios this year. I believe it would be better off saving the cash in my account.

I'm thinking of contributing again when/if the market picks up next year. Thoughts?

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Any good book recommendations for profitability and performance management for banking industry? Or books on best practices for calculating economic capital?

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I am doing a back door Roth IRA through Vanguard and while everything makes sense to me, I am unsure if an additional $6000 be invested for a non working spouse. We satisfy the criteria but two questions - 1) Is this still valid I.e., $12k can be invested for 2021? And 2) Any insight into how this is done - Vanguard doesn’t let me add more than $6k as it’s above the individual limit. I tried searching the bowl for specific answers but wasn’t successful. Inputs appreciated.

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What’s the general guidance on the order to maximize retirement contributions for tax benefits for an normal individual and for a self employed/small business owner before moving to taxable accounts or alternate vehicles like cash value life policies?
I’ve seen for individual: match trad 401k->match roth 401k->max roth IRA->max trad IRA->max trad 401k->max roth 401k->max HSA
For self employed: max SEP IRA/solo 401k->max roth IRA->max trad IRA->max HSA

Of course situations differ but in general?

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Hello all!
I'm 26, I studied economics but I don't know why I'm not much into investing/trading. Someone else like this?
I recognize this is not a very good approach for someone with money "knowledge" and I would like to change this mindset. My main weakness is that I easily get bored of following the market and that I do not see big opportunities. Any advice?
Where to start learning, general advice for LT and ST investments, things you learnt, books that changed your pov on the topic etc.

Thx!

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too ambitious to seek a 1-bed EV / stuy town on 100K ? If you have a success story please share (or send BK recs)

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Have ~15k to play with. Maxed 401K, plenty saved up for rainy day, good amount in brokerage account, no debt besides a condo I rent out and it has a bonkers low interest rate. I already play in the crypto space.

Any investment ideas?

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I know I am an idiot but my crypto investments are down 68%. Did anyone else fall into this trap? I felt like I had to get in because everyone else was making money. Please tell me I am not alone.

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Can H1B visa holders own rental property? If so, can you self manage or do you have to get a property manager? (House would be bought through personal loan, not an LLC, so wondering whether USCIS could deem self managing as unauthorized employment? How would they find out?)

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How do we buy corporate bond in India? Reliable platform as well plz

Can we combine our Corporate Amex points with Amex Everyday MR points?

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Who does your taxes? Need a recommend. Thanks.

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I am down $25K on $150K portfolio. Should I cut losses and leave or continue :(

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If u have a house under my name if i move it to an llc what happens? Do i refinance to prevent a due on sale clause?

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Chances at CBS with 4 YOE in analytics consulting + impact investing, 3.6 from econ/stats at top 20 UG, solid LOR and ECs, but 160Q/162V? Indian female.

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Investing newbie here: pros cons of getting a rental property vs investing in stocks?

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Can someone explain the benefit of whole life or similar products? I understand that they are bad for 99.9% of people. How does the 0.1% benefit? Taxes? Asset protection?

I'm struggling to understand why anyone would use these at all. Significantly caps your upside. If you are uber wealthy, why wouldn't you continue investing in the market? Why pay the crazy fees for these products that are essentially just 90% treasury bonds and 10% levered ETFs and covered calls?

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Let’s finish this up strong! What are your year-end self development plans?!
We have our last session of the year of our group/guest financial education cycles at our Downtown Toronto office this Saturday. We go through our first financial education session that we talk about basic to higher level of financial information; from saving, investing, risks and returns, registered accounts, etc. There is no cost and no obligation. If you are interested to attend in-person or via Zoom, let me know.

Post Photo
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Late in the game with buying crypto. Single but with limited savings with which to splurge. What is a good price point during a 'dip', and which 'stock' is best in my situation (LTC, BTC, ETC, etc.?)

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Shifted more options profits into 250 NOK shares

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Could someone share PWC Canada invite code or link?

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Welcome to Freshworks' open bowl. Feel free to ask questions or share useful stuff. Meanwhile please avoid sharing sensitive and confidential information. For specific chats, move the conversationsover to DMs...

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TIA

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Anyone in newport open to a sublet? I need an apartment now-end of Feb/March for my myself/wife/baby while we wait on our new house to finish being built.

For those doing production in COVID, how large were your crews? How many at location vs on the actual set?

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Anyone know anything about doing marketing at BCG DV (Boston Consulting Group Digital Ventures)?

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1𝐇 2022 𝐒𝐀𝐏 𝐒𝐮𝐜𝐜𝐞𝐬𝐬𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲!

#SAP #SuccessFactors #HXM #1H2022

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Am I the only person who has been super disgusted to Fishbowl’s response to the Meta layoffs? I’ve been laid off twice in my career but I’m not mad at 11000 people who no longer have jobs just cause they got decent severance while I got a week on my way out. Facebook is hot garbage but I’m pretty sure 0 out of the 11000 were making those decisions. So why are you upset about it? Urgh. Y’all are weird.

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Last Saturday of busy season! Congrats y'all🤪🤯😴

likeuplifting

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What is the hierarchy at Pune. What does a VP do and what are these A,B,C grades? Can a salary of 75 lacs be offered at a VP level?

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I just received an offer from BNY Mellon, and as per their terms and conditions mentions BNY can solely decide to reject or not accept our resignation letter, even though the notice says 60 days? Is it even legally allowed?

Can we never leave them after handing over the resignation letter until they agree as well?

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considering betting a ton of money on tomorrow’s elections via “predict it”, as an emotional hedge. is this a stupid idea or a genius idea

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What all vaccinations are you suposed to give your kid?

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