100k. What would you do with it?

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Re: 100k. What would you do with it?

Postby Homey » 19 Jun 2012, 19:30

It's a simple supply and demand problem that will get worse over the coming decades unless huge change takes place.

Access to good wholesome and healthy food and water already is and will be based upon a families financial situation. The traders have nothing to do with this.

Even in developed countries its only the rich that can afford to pay the higher price for organic chemical and pesticide free products or afford to buy a house in the mountains with good clean well water. The poor eat much worse and drink flouridated and chlorinated water from municipal water treatment plants.

The earth and it's weather are changing and top soil is being lost at record paces. Water to grow crops is often scarce and expensive. Also it's important to understand that governments are often the cause of higher prices in commodities. There are countless crazy deals, laws, and regulations that inflate prices. This happens all over the world even in America. Do a little research on the insanity that has been going on in the US sugar market. The sugar cartel and their lobbyist have artificially inflated the price with the help of the US government. Once you start investigating and researching, it's quite obvious that placing the blame on individual futures traders is like blaming the dog for the rain. The same corruption, lobbying, and nasty deals that make the sugar cartel rich in the video below happens with ALL COMMODITIES, not just sugar. The big commercials form cartels and invest huge amounts of money wining - dining and bribing politicians. The end result is always higher prices for the consumers and processors.

When it comes to futures markets, the ignorant finger pointers don't have any idea of the real market forces and blindly blame to individual traders. Far far more damage is done by the legalized fraud the big commercials and bankers commit. Then there's the elephant in the room of HFT. Talk about artificially inflating prices, there's nothing that comes close to the damage being done by these algo's. High frequency trading accounts for more that 50% of all trades on the equity markets, and I think its much higher in the less regulated forex and futures markets.

Compare all this to your retail futures trader who rarely if ever holds a position overnight. In other words, he may sell, but he buys it right back before the day is over. No net position and no real effect on price. You can argue that he takes the price up when he buys a few contracts, but then he also takes it right back down when he sells those same contracts a few hours later. It's a wash.

To get an idea of what has been going on in the sugar industry and likewise with ALL COMMODITIES I highly recommend the following video:

Why not???

If you are what you eat, then I guess that makes me "fast, cheap, and easy"!

This post was recommended by GuyInTaiwan (19 Jun 2012, 19:34)
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Re: 100k. What would you do with it?

Postby GuyInTaiwan » 19 Jun 2012, 19:34

HH: What you're talking about ultimately has little to do with speculators. The speculators are the last link in a chain of bad decisions that was made well before them.
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Re: 100k. What would you do with it?

Postby Jive Turkey » 20 Jun 2012, 13:16

100K? I'd spend at least half on skanky women and alcohol. The rest I'd probably just waste.
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Re: 100k. What would you do with it?

Postby GuyInTaiwan » 20 Jun 2012, 15:21

Jive Turkey wrote:100K? I'd spend at least half on skanky women and alcohol. The rest I'd probably just waste.


An oldie, but a goodie.
And you coming in to scold us all like some kind of sour-puss kindie assistant who favors olive cardigans and lemon drinks without sugar. -- Muzha Man

One sometimes gets the impression that the mere words "Socialism" and "Communism" draw towards them with magnetic force every fruit-juice drinker, nudist, sandal-wearer, sex-maniac, Quaker, "Nature Cure" quack, pacifist, and feminist in England. -- George Orwell
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Re: 100k. What would you do with it?

Postby Isha » 21 Jun 2012, 12:57

Take a month of paid leave, a month of unpaid leave and that will be two whole months beautiful vacation for me if I stumble upon 100K without any obligation moral or otherwise.
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Re: 100k. What would you do with it?

Postby archylgp » 21 Jun 2012, 13:04

Isha wrote:Take a month of paid leave, a month of unpaid leave and that will be two whole months beautiful vacation for me if I stumble upon 100K without any obligation moral or otherwise.


During most my years teaching English, I had about three months off a year. Now at a local company, I get 5 days plus the 1-day holidays every now and then. Sometimes I still regret leaving that job lol...
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Re: 100k. What would you do with it?

Postby Isha » 21 Jun 2012, 13:08

archylgp wrote:
During most my years teaching English, I had about three months off a year. Now at a local company, I get 5 days plus the 1-day holidays every now and then. Sometimes I still regret leaving that job lol...


I am not exactly sure about the exact number of years but as far as I can remember, after working for a company for two years, you can claim two weeks of paid leave. Check it out. Although two weeks are nothing compared to three full months especially if you love travelling.
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Re: 100k. What would you do with it?

Postby Enigma » 26 Jun 2012, 16:41

Chump change! Put it in the account for the forthcoming rainy day.
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Re: 100k. What would you do with it?

Postby micheleru » 29 Jun 2012, 11:03

buy a second hand Volkswagen T4 for 60-70k, pay an insurance, plate, gasoline and start tour across the island.
If something goes wrong, just resell the car :discodance:

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Re: 100k. What would you do with it?

Postby zekid » 16 Sep 2012, 23:35

1. if you are less than 25 years old, don worry too much. have fun !

2. if you have less than 6 month living expenses savings,
let it at the bank (take a one year deposit that will give you a poor 1.2%)

6 month is average, it could be less if your family can help you in case or troubles, or more if other peoples depends on you financially ( kids/wife/parents)


3. if you have more than 6 month living expenses savings, just invest it..
there are plenty of books about that, make enough research to make you own idea

(Don't put everything into the same basket, mix between housing/cash/bounds/stocks/gold/commodities invest in several currencies, be careful to the fees, )
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