If stacking for security, when will you spend it?

[SilverDJ]

I totally understand what you are saying and why you are saying it but I highly recommend that you take the 5 minutes every day to have a read,if nothing else it will give another opinion to consider about your stacking and other potential financial decision that you might make and with great info being given out for free.

So your reading a single blog 5 minutes a day makes you so sure about future events, how exactly?

 

[SilverDJ]

My tax dollars are being used to kill others & my superannuation contributions are being used to prop up criminal enterprises. 100% control over my savings is a basic human right and that right has gone with the superannuation scam.

You do know you have 100% control of your super right? You can even start a SMSF and have it all sitting in gold bars in your basement if you want.

 

[brexitbaby]

I totally understand what you are saying and why you are saying it but I highly recommend that you take the 5 minutes every day to have a read,if nothing else it will give another opinion to consider about your stacking and other potential financial decision that you might make and with great info being given out for free.

So your reading a single blog 5 minutes a day makes you so sure about future events, how exactly?

No - but it adds to everything else that I read on a regular/daily basis with many voices saying the same thing (and about different things also)

Seriously I dare you to try it just for 1 week - the 1 week challenge

I have 2 other commentaries that I follow with more credence to me but if I told you would

Anyway take the 1 week challenge starting today if you have not already you will be richer for the experience.

I am 100% sure that this world is done for as we know it and you don't need to a scholar to see it,the signs are everywhere if you even have the slightest desire to look and the courage to just accept the very real possibility to consider it could be so.

Call me but don't call me late for dinner

 

[SilverDJ]

Obviously, this 'prepper' strategy must take into account HOW the PMs might help in a SHTF scenario, hence my question.

They won't help on a daily basis.
Forget about the idea that some have that people will trade it for stuff and will lose confidence in paper currency, they won't. 99% of the population knows nothing about what gold and silver is worth and will not trade it, even in a crisis.
For a crisis you really need cash, that will be the most useful thing. if you stack PM's then you should also stack cash.
Used to selling your PM's at local dealer and through your forum buddies? Good luck doing that during a real crisis when they need the cash themselves to get by. There is very good chance that PM's will be un-tradeable in a crisis. Look at what happened in Greece with people lining up and ATM's and daily withdrawal restrictions, and IIRC people had to drive over the border to sell their PM's?
Yes, PM's might be good to have if there is inflation etc, but you'll have to convert it to currency at the time to do anything useful with it.

Think the economy will suddenly collapse and cash is worthless? It doesn't happen like it, it takes a long-ish time for a currency to go bust, and event you can see coming a mile away.

 

[Killface]

I think a lot of preppers buy into it because their lives are boring and pointless and it gives them something exciting to think about that doesn't require much imagination.

It's the quiet desperation, the growing ache in people's souls, that is finding an outlet in the activity of prepping.

Ah, the illusion of purpose. We had an interesting thread about this a few months back.. Personally I'm fine with life having no meaning except whatever meaning I give it.

 

[BBQ]

My tax dollars are being used to kill others & my superannuation contributions are being used to prop up criminal enterprises. 100% control over my savings is a basic human right and that right has gone with the superannuation scam.

You do know you have 100% control of your super right? You can even start a SMSF and have it all sitting in gold bars in your basement if you want.

You can't escape fees. You can't escape thier laws. To make anything worthwhile you have to have a lot of $$$$ to manage. We once had 100% control of our savings. We don't any longer. There are too many thieves who want a piece of it. These thieves are regulating it and profiting from it.

 

[Ipv6Ready]

My tax dollars are being used to kill others & my superannuation contributions are being used to prop up criminal enterprises. 100% control over my savings is a basic human right and that right has gone with the superannuation scam.

You do know you have 100% control of your super right? You can even start a SMSF and have it all sitting in gold bars in your basement if you want.

You can't escape fees. You can't escape thier laws. To make anything worthwhile you have to have a lot of $$$$ to manage. We once had 100% control of our savings. We don't any longer. There are too many thieves who want a piece of it. These thieves are regulating it and profiting from it.

how far back in history do you need to go to have no fees? Even the earliest coins be it cooper, bronze, gold and silver had fees.
Gold dug out of the ground wasn't money unless it was minted. Because no one trusted a stranger if its purity.

So no fees, why should it be free? Do you work for free?
Think of super as your pension, you never had access to it in the past, you at least have some control.
In the past everyone got basically the same, now the more you put in the more you get out. Much fairer.

 

[SilverDJ]

My tax dollars are being used to kill others & my superannuation contributions are being used to prop up criminal enterprises. 100% control over my savings is a basic human right and that right has gone with the superannuation scam.

You do know you have 100% control of your super right? You can even start a SMSF and have it all sitting in gold bars in your basement if you want.

You can't escape fees. You can't escape thier laws. To make anything worthwhile you have to have a lot of $$$$ to manage. We once had 100% control of our savings. We don't any longer. There are too many thieves who want a piece of it. These thieves are regulating it and profiting from it.

Do you actually have a SMSF?
You do know that it's not hard to get a return that pays for the super fees, right? (i.e. you make money, not lose money)
You do know that if you are self employed that you don't have to pay yourself super, right? (so you can "escape" their laws)

 

[SilverDJ]

Think of super as your pension, you never had access to it in the past, you at least have some control.
In the past everyone got basically the same, now the more you put in the more you get out. Much fairer.

It can be even better than that with a SMSF. If you have your own company then you can buy commercial property in your SMSF and lease it to your company. Quite tax and cash flow advantageous.

 

[BBQ]

So no fees, why should it be free? Do you work for free?

What 'work'? I want to be able to DO AS I PLEASE with my savings, including having nobody else touch it. And by nobody I mean nobody taking a cent, plus absolute, fine-grained control over where every cent is invested. Not this 'my super fund' rubbish, where you have zero control over where the thieves use it.

Think of super as your pension, you never had access to it in the past, you at least have some control.

I prefer to think of superannuation as another tool by which funds are easily seized under all manner of pretenses, with a select few can make billions on by controlling it all. Because that's exactly what is happening and what will happen.

In the past everyone got basically the same, now the more you put in the more you get out. Much fairer.

We have lost the ability to do as we please with our savings, all so the few can profit off our backs. 99.9% of the population leaves their superannuation alone, by my estimates. That means big profits for the few and absolutely no control over where our money goes. Mandatory superannuation benefits the few on the backs of the many. Funds out of sight, out of mind. Let the thieves have a play with your savings. Collect your crumbs. Make it all too complex for Average Joe to navigate. Regulate and regulate some more. Absolute rights violation.

 

[SilverDJ]

What 'work'? I want to be able to DO AS I PLEASE with my savings, including having nobody else touch it. And by nobody I mean nobody taking a cent, plus absolute, fine-grained control over where every cent is invested. Not this 'my super fund' rubbish, where you have zero control over where the thieves use it.

What part of self managed super fund do you not understand?
You own the company, you just have to pay fees to maintain the company and perpwork (or you can do it yourself if you really want).
It's your money, you can have gold bars stacked in your basement if you want. Yes there are legal limits on what you can do, but it is your money, they don't take a cent of it unless you make a profit and then you are taxed on the profit.

I prefer to think of superannuation as another tool by which funds are easily seized under all manner of pretenses, with a select few can make billions on by controlling it all. Because that's exactly what is happening and what will happen.

Then have gold bars stacked in your basement. If they come around asking for them, "oops, sorry, I was careless and lost them overboard in a boating accident".

We have lost the ability to do as we please with our savings, all so the few can profit off our backs. 99.9% of the population leaves their superannuation alone, by my estimates. That means big profits for the few and absolutely no control over where our money goes. Mandatory superannuation benefits the few on the backs of the many. Funds out of sight, out of mind. Let the thieves have a play with your savings. Collect your crumbs. Make it all too complex for Average Joe to navigate. Regulate and regulate some more. Absolute rights violation.

Why don't you quit complaining and get yourself a SMSF then?

 

[SteveS]

The unit value of my super (i.e. the growth achieved by the fund's expert (?) investment managers rather than my own contributions), was 1.6% over the past twelve months. That's worse than putting it in the bank and less than real inflation.

 

[BBQ]

What part of self managed super fund do you not understand?

a few points to consider:
* you cannot avoid fees or administration requirements. I don't care if you profit to cover fees. My savings should be 100% under my control. For me 100% control means not a single cent going to fund managers.
* your savings are subject to all future law changes (and just wait to see what is coming there). If you trust it will be left alone, you might be in for a surprise.
* you declare everything.
* if you are an employer you are playing by their Superannuation rules again (rules that have changed and are subject to change)
* we have lost the ability to set aside exactly how much we deem necessary for savings (including zero if need be), and we cannot avoid thieves and crooks making money off our money. Money is tied up that would be better be left for our purposes.
* far less control over our savings plus admin rules and admin fees means far more reliance on thieves and crooks where once they had no role. End-result: our savings need 'experts' to manage for 99.99% of the population. I should have the freedom to choose whether or not I want this. I don't.

Mandatory superannuation benefits the few on the backs of many, while each day we lose a little more control over our OWN SAVINGS.

 

[brexitbaby]

Think of super as your pension, you never had access to it in the past, you at least have some control.
In the past everyone got basically the same, now the more you put in the more you get out. Much fairer.

It can be even better than that with a SMSF. If you have your own company then you can buy commercial property in your SMSF and lease it to your company. Quite tax and cash flow advantageous.

You shouldn't worry about the - SMSF - you should be much more concerned about the - SHTF :lol:

 

[SilverDJ]

What part of self managed super fund do you not understand?

a few points to consider:
* you cannot avoid fees or administration requirements. I don't care if you profit to cover fees. My savings should be 100% under my control. For me 100% control means not a single cent going to fund managers.

Obviously you do not have a SMSF or know how one operates.
There is no fund manager involved, you own the company that controls the money, you get to decide what is done with that money (subject to super law), and you can even do your own tax return and SMSF paperwork etc saving the cost of someone to do it for you.

* your savings are subject to all future law changes (and just wait to see what is coming there). If you trust it will be left alone, you might be in for a surprise.

If you are self employed then you don't have to contribute to super.

* if you are an employer you are playing by their Superannuation rules again (rules that have changed and are subject to change)

What's that got to do with your own super?

* we have lost the ability to set aside exactly how much we deem necessary for savings (including zero if need be), and we cannot avoid thieves and crooks making money off our money. Money is tied up that would be better be left for our purposes.

Yes you can, get a SMSF!

* far less control over our savings plus admin rules and admin fees means far more reliance on thieves and crooks where once they had no role. End-result: our savings need 'experts' to manage for 99.99% of the population. I should have the freedom to choose whether or not I want this. I don't.
Mandatory superannuation benefits the few on the backs of many, while each day we lose a little more control over our OWN SAVINGS.

Sure, but instead of complaing do something about it by getting your own SMSF

 

[BBQ]

Obviously you do not have a SMSF or know how one operates.
There is no fund manager involved,

Yes, not the best choice of words. There are fees involved. And your savings will confiscated in due course (just wait). And you're still playing by their rules. And millions are directly or indirectly supporting crooks with their savings (through their super fund). Self-managed? Most people had that ages ago...but it wasn't called a Super fund: it was called Mattress Fund & there were no minimum contributions and no rules enforced by the government.

 

[SilverDJ]

Yes, not the best choice of words. There are fees involved. And your savings will confiscated in due course (just wait). And you're still playing by their rules. And millions are directly or indirectly supporting crooks with their savings (through their super fund). Self-managed? Most people had that ages ago...but it wasn't called a Super fund: it was called Mattress Fund & there were no minimum contributions and no rules enforced by the government.

If you hate super so much then become self employed and you'll never have to pay super ever again.

 

[SilverDJ]

Yes, not the best choice of words. There are fees involved.

For the super fund itself, no, only the cost involved in maintaining the company structure required for the SMSF if you chose to do the paperwork yourself.

And your savings will confiscated in due course (just wait).

Not going to happen.
But if you are that paranoid then do what I said, open a SMSF, buy gold, and bury it on your backyard. That is completely legal. If they come asking for it, oops, it fell overboard while you were out boating. There is no real law against being careless and losing your SMSF money, you just have to document that you are taking that risk.
You keep complaining about something you have almost complete control over, but it seems that you refuse to contemplate the SMSF option.

 

[BBQ]

Yes, not the best choice of words. There are fees involved.

For the super fund itself, no, only the cost involved in maintaining the company structure required for the SMSF if you chose to do the paperwork yourself.

And there it is. I don't care to play by their rules with MY MONEY. Mattress Fund was so much simpler. My savings. My rules. Zero outward cash spent on 'maintaining' anything. Zero documentation. Zero learning curve (unless I want to learn on my own terms and invest where I see fit). Zero worries. Zero hassles. Zero changed rules. Zero minimum requirements. Funds not tied up.

And your savings will confiscated in due course (just wait).

Not going to happen.

Baby steps, wait and see.

You keep complaining about something you have almost complete control over, but it seems that you refuse to contemplate the SMSF option.

Almost complete control versus complete control (and subject to countless changes as time goes on). A violation of a basic right: for man to control his destiny through his finances; to use them as he sees fit and to make changes he sees fit with maximum freedom. No minimums siphoned out. No documentation. No outside validation or administration. No rules to study. No crooks or thieves to feed on the stock market or anywhere else (indirectly or directly). No self-managed super fund. Just complete control. Not a poor copy of control under Super rules. Complete control over your own finances, when and where you want.

I consider it playing their game by their rules. I consider it a violation of a basic human right. And it will only get worse.
A waste of life (literally) to millions of people with Super. Self-managed or not.

 

[SilverDJ]

Almost complete control versus complete control (and subject to countless changes as time goes on). A violation of a basic right: for man to control his destiny through his finances; to use them as he sees fit and to make changes he sees fit with maximum freedom.

I'll say it again: become self employed and you'll be completely free, you'll never have to pay a cent into super ever again.
Bonus: You'll have the ultimate freedom of not having a boss to answer to.

No minimums siphoned out. No documentation. No outside validation or administration. No rules to study. No crooks or thieves to feed on the stock market or anywhere else (indirectly or directly). No self-managed super fund. Just complete control. Not a poor copy of control under Super rules. Complete control over your own finances, when and where you want.
I consider it playing their game by their rules.

It must really be tearing you apart working for a boss, huh?