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#301064 - 06/03/22 12:29 AM Re: Anyone here knows about stocks ? [Re: Chisel]
Ratch Offline
Newbie

Registered: 08/05/17
Posts: 48
Bogleheads.org, devoted to index investing, is a good place to start. They have an investing wiki.

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#301072 - 06/06/22 02:44 AM Re: Anyone here knows about stocks ? [Re: Ratch]
unimogbert Offline
Old Hand

Registered: 08/10/06
Posts: 881
Loc: Colorado
I suggest that a Survival Forum isn't going to be a hotbed of stock buying knowledge and enthusiasm.

Survivalists plan for things to collapse and so tend toward food, water, lead pellets, gold and silver.

But Motley Fool's book - You have more than you think is pretty good.

Tony Robbins also wrote a pretty good book about personal finances but I don't have the title handy - I gave the book away as I try to reduce stuff in my house.

I'm no expert but have been happy with a good purchase of Inflation Bonds back around 2001. They still seem to be pretty good and as safe as (ahem) our government.......

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#301073 - 06/06/22 01:31 PM Re: Anyone here knows about stocks ? [Re: unimogbert]
Chisel Offline
Veteran

Registered: 12/05/05
Posts: 1496
Thanks Bert and everyone

Yes, I realize this is a prepping forum, but every person here is living a full life, including work, family ..etc. So, I won't rule out the possibility of someone knowing a bit about this stuff. And I am not asking for very detailed knowledge. Only basic stuff.

I appreciate the books you suggested.
I'll have a look at them.

BTW, I do tell my kids we should have 'our own supermarket' within our home. A very well-stocked pantry. This is my first priority.

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#301094 - 06/23/22 07:17 PM Re: Anyone here knows about stocks ? [Re: dougwalkabout]
quick_joey_small Offline
Addict

Registered: 01/13/09
Posts: 560
Loc: UK
My uncle who liked the GGs advised me:

"There's a sure way to end up with a small fortune at the races: start off with a large fortune.

qjs

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#301095 - 06/23/22 10:02 PM Re: Anyone here knows about stocks ? [Re: quick_joey_small]
dougwalkabout Offline
Crazy Canuck
Carpal Tunnel

Registered: 02/03/07
Posts: 3111
Loc: Alberta, Canada
Originally Posted By: quick_joey_small
My uncle who liked the GGs advised me:

"There's a sure way to end up with a small fortune at the races: start off with a large fortune.

qjs

Haha, excellent!

For every fool betting a horse to win/place/show, there's a wise man investing in land that produces pony hay and pony oats. Guess who will have a bit of money in their pocket down the road.

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#301100 - 06/25/22 05:16 PM Re: Anyone here knows about stocks ? [Re: dougwalkabout]
Chisel Offline
Veteran

Registered: 12/05/05
Posts: 1496
Quote:
there's a wise man investing in land that produces..


I definitely agree.
Problem is that land maybe out of reach for many people.

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#301101 - 06/26/22 03:22 AM Re: Anyone here knows about stocks ? [Re: Chisel]
dougwalkabout Offline
Crazy Canuck
Carpal Tunnel

Registered: 02/03/07
Posts: 3111
Loc: Alberta, Canada
Of course it's the principle that I'm talking about. It's the same deal with the gold rushes in history -- the people who made steady money were supplying the gold-crazed miners.

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#301111 - 07/02/22 01:02 PM Re: Anyone here knows about stocks ? [Re: dougwalkabout]
quick_joey_small Offline
Addict

Registered: 01/13/09
Posts: 560
Loc: UK
Great bit of lateral thinking:

One fellow went to all the trouble of shipping cats to the goldrush. Uh?
Turns out he could name his price; miners were lonely men.

qjs

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#301112 - 07/02/22 03:44 PM Re: Anyone here knows about stocks ? [Re: quick_joey_small]
Chisel Offline
Veteran

Registered: 12/05/05
Posts: 1496
More lateral thinking here.

This reminds me of those years when I bought the land on which our house is built now (it is a city neighbourhood).
For long years I have wished I had the money to buy the neighbouring property as well. I ( being hopelessly introverted ) have always wanted a secluded place that NOBODY ever sees, plus a small garden to grow a few herbs, beans and veggies.

The current house is great and all, but it is 'shared' by the family whose opinions are not always compatible with mine. If I had managed to buy that property, I would have turned it to something like a stealthy urban homestead. I would be having a decent-sized garden (maybe partially self sufficient), plus having my messy workshop so far away from prying eyes. LOL.

It would be a win-win situation. Nobody will be complaining.
For family, the house will remain 'sparkling clean and tidy', and for me I would have my piece of heaven.

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