myrrph
VIP Member
trying to figure out how to change my nick :P
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Post by myrrph on Jun 4, 2019 19:52:14 GMT 10
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Post by spinifex on Jun 4, 2019 20:33:06 GMT 10
I bet the Thinkers in that Tank who forecast the end of 'life as we know it' by 2050 still stress over the performance of their superannuation though. People are funny that way.
We may well have been dragged thru a thermonuclear holocaust initiated by this climate chaos before 2050 anyway. The future may be 'hot' in more ways than we expect.
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Post by Peter on Jun 4, 2019 21:36:35 GMT 10
Does this mean we can blow all our savings by then, then sue the alarmists for false information causing us to lose our savings?
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Post by SA Hunter on Jun 4, 2019 22:34:07 GMT 10
WooHoo - I get my $2.37 back!!!!!
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Tim Horton
Senior Member
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Post by Tim Horton on Jun 5, 2019 3:21:06 GMT 10
WooHoo - I get my $2.37 back !!!!!
Aint that the way it goes....... Like the saying...
Smart people invest in portfolios, us red necks play the lotto....
Can't successfully sue them.. They will claim "error and omission" rule... Meaning they can make mistakes and tap dance out of responsibility.
I suppose with a hard date for the end of the world for some followers to program into there phones makes them easier to keep on board with the cause. Or at least guarantee the monthly auto pay of there contributions to the foundation..... But what do I know ??
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Post by Joey on Jun 5, 2019 13:08:09 GMT 10
Just like Al Gore just purchasing his latest Malibu mansion paid for with cash....
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Post by spinifex on Jun 5, 2019 19:19:22 GMT 10
WooHoo - I get my $2.37 back!!!!! By the time folks our age get anywhere near our super it will likely be in negative balance ... we will be paying them.  |
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Post by Peter on Jun 5, 2019 20:55:34 GMT 10
Yep... I've been told by a few people that I should push savings into superannuation.
I seriously can't trust that it won't be decayed by inflation to the point of worthlessness over the coming years.
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Post by spinifex on Jun 6, 2019 18:28:11 GMT 10
Its an interesting topic worthy of its own thread Pete. If one beleives in genuine high inflation the best strategy is to buy assets now, deplete savings and even go into debt. Inflation destroys savings and debt and boosts asset prices. If one beleives in genuine deflation the best strategy is to save like mad, sell assets and avoid debt like the plague.
The problem we have now (as I see it) is that neither true inflation or deflation is evident. Some things, generally lifes essentials, are seeing dramatically rising prices over recent years and trending into the future BUT other things, generally optional goods and services, are seeing price reductions of similar magnitude. Overlayed across that mixed outcome is the fact that wages are said to be stagnant and if there is no wage inflation there is no inflation. Period. Prices can't go up across the board if wages don't as well. So what we seem to be seeing is a price re-distribution; people cutting 'optionals' to pay the rising price of 'essentials'. Which is probably more indicative of general deflationary pressure. The problem we have for investment decisions is that we should be saving money and arguably selling assets and avoiding debt at this time ... yet ... until very recently, my favorite class of asset; Real estate of all kinds except luxury homes; is showing marked resistance to deflationary pressure and in many places showing a decent return. Thus one could be wise to take on a bit of low interest debt, clear out ones savings and buy a nice rural property or some rental units in larger regional towns. Then on top of that I talk to a few friends who HAVE recently sold up small rural holdings and find out they ended up selling (after a long time on market) for 30% down on their peak valuations a few years ago. So ... the whole damn situation is perplexing.
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myrrph
VIP Member
trying to figure out how to change my nick :P
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Post by myrrph on Jun 14, 2019 11:47:19 GMT 10
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Post by spinifex on Jun 14, 2019 18:50:22 GMT 10
Yes that is interesting. I like the story but with different players.
I suppose if we equate planet earth to our own human bodies:
One day we got some lice (humans). At first we didn't notice them. But they got too clever and numerous and annoyed us to distraction. They removed our clothes, shaved all our hair off, cut us open here and there, pulled part of our insides out, set fire to some of those insides, made us inhale the smoke of those fires and buried waste materials in the cuts. So ... we are pissed off and want them eradicated. We bathe vigorously (floods), dry off with a leaf blower (hurricanes), do a session in a sauna (global warming), then run out and roll in the snow (global freezing), have another hot shower (more floods) and smear ourselves with medication (expect the unexpected!).
Unfortunately no matter how nice the lice are to us now (Recycle! Renewables! Revegetate!) ... we want them gone forever. No ifs, buts or maybes.
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Jul 7, 2024 11:02:41 GMT 10
Jul 7, 2024 11:02:41 GMT 10
