Keeping the Powder Dry

Discussion in 'Wealth Creation & Management' started by petey, Aug 6, 2013.

  1. petey

    petey Active Member Silver Stacker

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    Those who are aiming to keep liquidity in a volatile market/economy, what if your plan to keep your powder dry. I know some are saving for a house - that's a lot of cash to have sitting in a bank that may well be "bailed-in".

    Obviously the (MSP) mattress savings plan will only work with relatively small amounts unless you are an incredibly gutsy person.

    I have been looking at the Euro Pacific Bank with interest recently, but just can't pull the trigger myself.

    Very interested to hear how other stackers plan to keep liquidity in current economic conditions.
     
  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I hear you. I'm coming into a windfall amount in the next few weeks/months and have decided just add to my stack. I truly believe sometime soon that the banking system will haemorrhage creating a Cyprus situation. Even if at best we come out of it with 100% of saved funds it will be on a drip.

    Another alternative with the low interest rates is to put all your assets into debt. If you are saving for property, buy a burial site or two, so you are into pocket sized real estate that can be later sold and a house purchased. (Maybe somewhere to hide your stack!)
     
  3. Spode

    Spode Member

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    Do people invest in burial sites?
     
  4. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Yes, at sub $20,000 in some cemeteries, it is a cheap RE option. They appreciate at the same or better rate than houses. You can't rent them out though.
     
  5. knightrous

    knightrous New Member

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    Renting out a burial plot.

    Thats novel thinking.
     
  6. knightrous

    knightrous New Member

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    Wow the subject line of this Thread sounded wrong
     
  7. petey

    petey Active Member Silver Stacker

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  8. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    With this blasted heat, no-one has died this year so burial plots have gone begging.
     
  9. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    I thought the heat was what made them drop off the twig.
     
  10. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    No it's the flu and colds from inclemment weather.
     
  11. Argentum

    Argentum Active Member

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    spread it out that way if its a bail in only 1 acc gets affected. not just diff. banks but diff countries probably good too
     
  12. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    not in this country but there are countries where it is common to rent a burial plot for a period of time.
     
  13. Altima

    Altima Well-Known Member Silver Stacker

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