With the stock market swinging wildly up and down, real estate prices still falling in many markets, and banks paying basically zero (or worse) on savings accounts, I’m curious what the readers think about where’s the best place to keep one’s cash today.
Let’s assume you just want to hold the money and avoid losing value (including to inflation). Gaining a large return is not a requirement. Where would you stash your cash today? For the real estate option, let’s assume that we’re not talking about Seattle-area real estate, but some other market that has corrected more.
What's the best place to stash cash today?
- savings account (27%, 152 Votes)
- stock market (17%, 96 Votes)
- real estate (12%, 68 Votes)
- gold or other precious metals (20%, 113 Votes)
- coffee can buried in the back yard (12%, 68 Votes)
- other... (12%, 76 Votes)
Total Voters: 573
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When Seattle Bubble is at it’s best, it’s a lively discussion involving a number of people that seems to engage it’s community. It’s fun, it’s educational, and it’s addictive.
When Seattle Bubble is at it’s worst, it devolves into a snoozefest where two people attack and defend and attack again and name call, and neither party seems to have the maturity to just stop.
Being the paragon of maturity myself ( not), I’m not going to mention any names.
Why does every thread have to get hijacked into a two person insult thread? This one is supposed to be about the best place to stash some cash. If only one could make money by reading online insults. Then I’d have to worry about where to stash some cash.
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Jesus Christ. What a bunch of junior high drama. This repeated juvenile hijacking of the comments by the same few members is the absolute worst part of this site by far. I say ban the lot of them and lets move on to real discussion.
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By Scotsman @ 92:
Good points! But in this case, where do you stash your cash? Swiss Francs? What is your plan?
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RE: MichaelB @ 103 –
People have been pointing to Japan as the “where we are headed” for several years now. Is there a Stellar Example of whom we should be emulating?
Scotsman said: “Nice theories, but we- and Japan- are done.” May I ask is there any place that is NOT “done”?
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RE: David Losh @ 100 –
I sure hope that with your business doubling and all, you pay your workers union-scale wages, Dave.
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RE: Ira Sacharoff @ 101 –
I’ve been on the bubble for over 5 years, and im curious:
theTim used to moderate out any personal attacks and/or remind posters of the rules quickly (RAL comes to mind) and for offenses much less than what I’ve been reading here as of late. Maybe these recent playground antics are increasing traffic, or he is asleep at the wheel?
Granted I’m just speculating.
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By David Losh @ 100:
I don’t think I’ve once made fun of your cleaning business.
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By David Losh @ 100:
I followed the California energy crisis very closely, to the point of actually making predictions as to when blackouts would occur! It was easy because the California entity in charge (I don’t remember it’s name) actually published a ton of data, there for anyone to see. And those “anyones” included energy traders selling energy to the same entity!
But what I read about the California energy crisis I read back over two decades before it occurred. When you have that type of a system, blackouts are the textbook result. And even what Enron was trying to do (cutting production, diverting energy to make it appear it wasn’t from California), was all textbook stuff. And the solution to the problem, was also textbook, and it’s what ultimately solved the problem. Raising consumer prices to lower consumption. Very simple.
Not quite textbook, but probably to be expected, was the politicians looking for a scapegoat so that they can blame the problems they created on someone besides themselves. That’s especially true when something like 98% of the California Legislature voted for the poorly thought out deregulation scheme. Enron, in the midst of a huge accounting scandal, and involved somewhat in that industry, was the perfect target. And most of the press went along for the ride.
As to Enron and it’s bankruptcy, I’m not sure what you expected from that. A Chapter 7 bankruptcy is pretty much a death sentence for a corporation.
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Surely China, Switzerland and Canada aren’t “done” yet, are we? Gold isn’t done either, but respecting cycles and “buy low, sell high”, I’m not sure how much I’d trust any advice which looks like “buy high”. It sure was an interesting read, all 108 chunks of it. Thanks.
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By Lake Hills Renter @ 2:
Agree, at least ban KLK.
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RE: Voight-kampff @ 106 –
The Tim is a pretty busy guy, with a full time job and a new baby. New babies around don’t allow for their parents to get much sleep. I’m a grandfather of an eight month old, and for a while there my son and his wife were looking like death warmed over.
So we’re left to policing ourselves. And doing a great job of it, huh?
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Cash and gold for me!
Agree with other posters that we’re on a similar road as Japan. Reading a book called “Dogs and Demons” about Japan’s lost decade/loss of cultural identity. Their bubble seems like it was lot worse than ours how I understand it, but the similarities in terms of policy response have been staggering.
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