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19 June 2016, 09:26 PM | #61 | |
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Join Date: Jan 2013
Real Name: SMD
Location: LGA/EWR/ORD
Watch: AP/PP
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Quote:
Negative rates goes hand in hand with eliminating larger currency denominations. |
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19 June 2016, 09:58 PM | #62 | |
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Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 78,135
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Quote:
I've worked tremendously hard to become debt free (no mortgage or consumer debt). It's a free feeling and allows me to invest conservatively. Im not in the doomsday camp, but I think all the ingredients are here for a serious market correction. In Canada we have a housing bubble in Vancouver and Toronto, those markets have done straight up for the past 15 years or so. What goes up must come down, and hopefully I'm positioned to weather any storm. |
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20 June 2016, 12:59 AM | #63 | |
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Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,834
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You know, whenever there is a "should I buy a watch on credit, even at 0%" thread, it makes me cringe. There are many all for it. I'm staunchly against it. The reality is the market changes all the time. The best way to keep stability in our own homes, is to have minimal debt. Meaning, the least amount of money required to pay each month. I too am hoping I'm ready to weather a coming storm. The reality is it is coming. Even if it is in 10 years, it's going to happen. It's a statistical guarantee that there are times of extreme gain and also loss. It literally can't not happen. The last thing you need at that point is a payment of an extra few hundred dollars a month, for a luxury item. And one that, if (when) the storm happens, will likely plummet in value.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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20 June 2016, 01:32 AM | #64 | |
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Join Date: Mar 2010
Location: Chicago
Watch: 16750/16800/126710
Posts: 1,426
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Quote:
http://www.wsj.com/articles/SB123696727736421823 |
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20 June 2016, 01:41 AM | #65 | |
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Real Name: Kent
Location: Texas, U.S.A.
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Cars will be paid off in three years. Then relentless reduction of those monthly Internet, TV, cell phone bills. Modest return on our investments plus our pensions will let us maintain our lifestyle. Bad/no return on investments will mean curtailing some discretionary spending. I guess I could cash out investments and hide it under the mattress, but not at that point yet.
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"Bond reflected that good Americans were fine people and that most of them seemed to come from Texas." -Ian Fleming, Casino Royale Rolex Sea-Dweller 126600 | Omega Seamaster 300 MC | Breitling Navi 01 |
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20 June 2016, 01:43 AM | #66 | |
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Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,834
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I agree with you. And I realize I'm overly conservative. I also realize, I'll take a hit no matter where my investments are. I also agree that in order to capitalize on it, one must have a strong backbone and keep it all going. Right now, that's the plan..
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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20 June 2016, 06:42 AM | #67 |
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I do believe crash is coming and my wife and I are heavy into cash to be liquidity provider in market right or soon after crash. As the old saying goes "buy when there is blood in the streets".
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20 June 2016, 07:01 AM | #68 | |
2024 Pledge Member
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Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,834
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But while there is opportunity. The simple saying, "buy low, sell high", seems to be lost amongst the populace. When things are going up, people get excited and buy. When they going down, they get nervous and sell. Makes no sense. I'm a long term buyer. And any risk I've got is being coordinated to take advantage when things start to go south. You can make money in any kind of market, if you are making the right moves. I hope I'm preparing myself properly to do so. But again, in regards to watches and debt in general, this is why I'm anti debt. I want low monthly expenses and cash on hand for opportunities if/when they arise.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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20 June 2016, 08:19 AM | #69 | |
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Real Name: Dave
Location: USA
Watch: Rolex SS Daytona
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22 June 2016, 10:14 PM | #70 |
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Real Name: Ilya
Location: Jerusalem/Moscow
Watch: R, AP, JLC
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Damn, Jan-June report numbers look even worse
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23 June 2016, 04:04 AM | #71 |
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23 June 2016, 12:12 PM | #72 | |
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Real Name: Craig
Location: Seattle-ish, USA
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Quote:
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23 June 2016, 08:02 PM | #73 |
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Real Name: Karl
Location: Kuwait
Posts: 5,228
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The nice thing about statistics is that they can be massaged to suit anyone's point of view!!personsllyni don't believe 10% reduction in watch exports in value is a train smash considering the heady last few tears. In addition the geographic concentrations will hurt certain manufacturers more than others.
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