What was your prep of the day?

[Chiefster23]

I was going to ladder the bonds from 3 months to a year. The $ guy suggested instead I consider 1 to 2 years. He is thinking the rates will go down, so lock in high now. It’s all driven by politics rather than sound fiscal policy. I agree that rates now should be much higher, but that national debt problem is going to keep them from floating up. So I will be getting between 5 and 5.4% so we’ll go with that and see what happens.

We are in mid 70s here, so I’m not so interested in jumping in and out of the markets to build wealth. I’m mostly interested in preserving what we have and just maintaining enough to live out our lives on. We are debt free and the house has already been fully upgraded. All appliances are basically new. Car is only 3 years old. Everything is newer or in great shape so I’m not much worried about hyper inflation. Basically all we need is enough to eat and pay property taxes.

Trying to time or game the money markets just gives me a headache. Everything now is driven by politics or manipulated by big money. Logic is gone. The little guy doesn’t stand a chance.

[Slippy]

I was going to ladder the bonds from 3 months to a year. The $ guy suggested instead I consider 1 to 2 years. He is thinking the rates will go down, so lock in high now. It’s all driven by politics rather than sound fiscal policy. I agree that rates now should be much higher, but that national debt problem is going to keep them from floating up. So I will be getting between 5 and 5.4% so we’ll go with that and see what happens.

We are in mid 70s here, so I’m not so interested in jumping in and out of the markets to build wealth. I’m mostly interested in preserving what we have and just maintaining enough to live out our lives on. We are debt free and the house has already been fully upgraded. All appliances are basically new. Car is only 3 years old. Everything is newer or in great shape so I’m not much worried about hyper inflation. Basically all we need is enough to eat and pay property taxes.

Trying to time or game the money markets just gives me a headache. Everything now is driven by politics or manipulated by big money. Logic is gone. The little guy doesn’t stand a chance.

Chief,

I'm no financial genius but I cannot argue with your decisions given the current shit-storm of domestic, global and political problems... plus your personal situation makes it even that much more solid.

My Mom is quite a bit older than you and I've been thinking about doing something like this for her to preserve what she has.

Thank you very much for your analysis, I think it is sound.

Slip

[Inor]

I was going to ladder the bonds from 3 months to a year. The $ guy suggested instead I consider 1 to 2 years. He is thinking the rates will go down, so lock in high now. It’s all driven by politics rather than sound fiscal policy. I agree that rates now should be much higher, but that national debt problem is going to keep them from floating up. So I will be getting between 5 and 5.4% so we’ll go with that and see what happens.

We are in mid 70s here, so I’m not so interested in jumping in and out of the markets to build wealth. I’m mostly interested in preserving what we have and just maintaining enough to live out our lives on. We are debt free and the house has already been fully upgraded. All appliances are basically new. Car is only 3 years old. Everything is newer or in great shape so I’m not much worried about hyper inflation. Basically all we need is enough to eat and pay property taxes.

Trying to time or game the money markets just gives me a headache. Everything now is driven by politics or manipulated by big money. Logic is gone. The little guy doesn’t stand a chance.

I agree with your strategy 110%!

The only reason I did what I did with 30 day bonds is because I just enjoy "playing" in the markets. It is a fun exercise for math nerds like me. It's all just a game to me. Our retirement is all in the form of actual real hard assets: land, tractor, animals, etc.

[Prepared One]

I was going to ladder the bonds from 3 months to a year. The $ guy suggested instead I consider 1 to 2 years. He is thinking the rates will go down, so lock in high now. It’s all driven by politics rather than sound fiscal policy. I agree that rates now should be much higher, but that national debt problem is going to keep them from floating up. So I will be getting between 5 and 5.4% so we’ll go with that and see what happens.

We are in mid 70s here, so I’m not so interested in jumping in and out of the markets to build wealth. I’m mostly interested in preserving what we have and just maintaining enough to live out our lives on. We are debt free and the house has already been fully upgraded. All appliances are basically new. Car is only 3 years old. Everything is newer or in great shape so I’m not much worried about hyper inflation. Basically all we need is enough to eat and pay property taxes.

Trying to time or game the money markets just gives me a headache. Everything now is driven by politics or manipulated by big money. Logic is gone. The little guy doesn’t stand a chance.

I am not the sharpest pencil in drawer (In fact, I am the broken one with no point and the eraser half chewed off) but your reasoning is solid in my judgement Chiefster. MG and I are pretty much the same as you. We own everything outright, carry no debt, and more of our lives behind us rather then in front. I am looking to protect our hard assets and our cash position so we can live the rest of our lives without worrying about money or debt. We have enough to live comfortably and take care of any needs that may arise. I have no confidence in the markets or the fed for that matter, so I am not looking to take any major risks in the stock market at this point. When this economic house of cards comes down a lot of people are going to be hurt bad.