Comments on: The Recession and Inflation Survival Guide http://www.thickenmywallet.com/blog/wp/2008/03/06/the-recession-and-inflation-survival-guide/ Everything to do with thickening your wallet Wed, 01 Feb 2012 15:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Silicon Prairie http://www.thickenmywallet.com/blog/wp/2008/03/06/the-recession-and-inflation-survival-guide/comment-page-1/#comment-7768 Silicon Prairie Thu, 06 Mar 2008 15:17:41 +0000 http://www.thickenmywallet.com/blog/wp/2008/03/06/the-recession-and-inflation-survival-guide/#comment-7768 The first thing anyone looking at gold and bonds now should recognize is that it's not a good time to buy. If you do want to buy gold or bonds to protect yourself from bad stock performance the time to do it is when you don't expect bad stock performance. Now all you can do is sell a good investment at a bad price and buy a (usually) worse investment at a bad price. I'll take the stocks though! It's also good to remember that the average person doesn't pay for their groceries with stock certificates (and you thought cheques held up the line). If you're invested for 10+ years what happened last week isn't really a big deal. Of course, with the number of people who think they're traders maybe a lot of them are selling off investments to pay for other things... Other than that these are good things to consider, but I would do them all the time or not at all. Even though most of my income is in US dollars it's still rising. Then again, I only have one small monthly debt payment left so I have the flexibility to go through a period of lower income without much trouble. The first thing anyone looking at gold and bonds now should recognize is that it’s not a good time to buy. If you do want to buy gold or bonds to protect yourself from bad stock performance the time to do it is when you don’t expect bad stock performance. Now all you can do is sell a good investment at a bad price and buy a (usually) worse investment at a bad price. I’ll take the stocks though!

It’s also good to remember that the average person doesn’t pay for their groceries with stock certificates (and you thought cheques held up the line). If you’re invested for 10+ years what happened last week isn’t really a big deal. Of course, with the number of people who think they’re traders maybe a lot of them are selling off investments to pay for other things…

Other than that these are good things to consider, but I would do them all the time or not at all. Even though most of my income is in US dollars it’s still rising. Then again, I only have one small monthly debt payment left so I have the flexibility to go through a period of lower income without much trouble.

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