What have you done this week to prep?

[Meister]

Still working on a fully functional cache, getting closer to having it ready. It will mirror all my current gear. It may not have everything of the same quality, but it will be close. Firearms the same, less expensive web gear of the same style, similar gear for food. I'll post up pics when it's done.

 

[ghunter]

I'm trying red and white wine recipes with a big dash of turbo yeast to see if I can make a trade good that people will want after the looters have been chased away for the day.

keep in mind my R & D is focused on quick booze, not a recipe that's served in "fine eateries everywhere".

 

[teddy12b]

Pruned fruit trees. Most have been in the ground a year now, but I never pruned them correctly when I planted them so it's almost like I'm starting over at day 1 but with a healthy root system.

Dug a drainage trench with my old trusty shovel, so now there's less water sitting near the house foundation. I had a small pond for a while, and that's not so good if the sump pump isn't running.

Purchased a half dozen grape vines at Lowes. To early to plant them yet, but they just got in the store and I could have my pick of the litter. I'll be grabbing a couple more cherry trees once those hit the store shelves.

 

[7.62asprin]

I started saving water this past week. Got a few gallons on hand now, but I'm still pretty new to this.

 

[churchmouse]

Stocking up on water. More fuel.

 

[rhino]

Just enrolled in my first ever 401(k).

 

[churchmouse]

Just enrolled in my first ever 401(k).

Keep an eye on it Rhino.

 

[rhino]

Keep an eye on it Rhino.

Good advice!

 

[churchmouse]

Good advice!

My wife and I had 3 between us. We thought they were safe. Thought those who were in charge would monitor our money and make wise decisions that were in our favor. How wrong we were. Lost our tails in 07/08

Just keep a watchful eye on it.

 

[rhino]

My wife and I had 3 between us. We thought they were safe. Thought those who were in charge would monitor our money and make wise decisions that were in our favor. How wrong we were. Lost our tails in 07/08

Just keep a watchful eye on it.

Will do! I have family that experienced similar disasters in 1999 and 2008.

 

[teddy12b]

My wife and I had 3 between us. We thought they were safe. Thought those who were in charge would monitor our money and make wise decisions that were in our favor. How wrong we were. Lost our tails in 07/08

Just keep a watchful eye on it.

In all fairness I think a lot of people took pretty significant hits in those years. My approach to a 401K has been to select as many mutual funds as possible, so I have what I consider to be a mutual fund of mutual funds. Even with that, you have to expect a couple years here and there when you're going to get clubbed.

 

[bwframe]

My wife and I had 3 between us. We thought they were safe. Thought those who were in charge would monitor our money and make wise decisions that were in our favor. How wrong we were. Lost our tails in 07/08

Just keep a watchful eye on it.

Will do! I have family that experienced similar disasters in 1999 and 2008.

In all fairness I think a lot of people took pretty significant hits in those years. My approach to a 401K has been to select as many mutual funds as possible, so I have what I consider to be a mutual fund of mutual funds. Even with that, you have to expect a couple years here and there when you're going to get clubbed.

Makes us folks who invest in skills over money and possessions look pretty sharp. eh?
That's my story and I'm sticking to it...

 

[rhino]

DIVERSIFY!!!

 

[churchmouse]

Makes us folks who invest in skills over money and possessions look pretty sharp. eh?
That's my story and I'm sticking to it...

I am way heavy on skills. Wife convinced me that the savings in 401 was the way to go. If the Market had not stumbled/economy tanked/housing bubble burst nd I had any brains I would be OK. We did not catch the problem until we had lost over 50% and more before we got our money out.
Being retired I would sure like to have those funds right now. I have to take a part of the responsibility in this failure. Never trust anyone that says they have your best interest at heart. They are lying. Period. Especially if they wear a suit and tie.

 

[Meister]

401k's are just 1's and 0's in a computer. You can't eat them and you can't control them. Might as well ASK to have it taken away. One session of Weimar republic inflation and you can't fill your gas tank with your life savings.

Invest in land, they aren't making anymore. It can feed you, clothe you, shelter you and earn a living off it.

 

[jbrooks19]

Bought 20-cans of corn, 29-cans of green beans, 2-cases of water, 200rds of .40 s&w and 50-12ga 00 buck..

getting my my stock up slowly but we are getting there!

 

[bigus_D]

I am way heavy on skills. Wife convinced me that the savings in 401 was the way to go. If the Market had not stumbled/economy tanked/housing bubble burst nd I had any brains I would be OK. We did not catch the problem until we had lost over 50% and more before we got our money out.
Being retired I would sure like to have those funds right now. I have to take a part of the responsibility in this failure. Never trust anyone that says they have your best interest at heart. They are lying. Period. Especially if they wear a suit and tie.

If you'd have left your money just at the market index it is about double 2008 now.

 

[rhino]

401k's are just 1's and 0's in a computer. You can't eat them and you can't control them. Might as well ASK to have it taken away. One session of Weimar republic inflation and you can't fill your gas tank with your life savings.

Invest in land, they aren't making anymore. It can feed you, clothe you, shelter you and earn a living off it.

Find me a land investment that will give me $1 worth of land for every $1 I purchase, please!

401(k)s are not perfect, nor are they comprehensive. They are, however, a viable part of an overall plan for preparing for the future.

If you'd have left your money just at the market index it is about double 2008 now.

Sure . . . unless the net worth of your investments went essentially to zero back then. Then you were pretty much screwed no matter what.

 

[bwframe]

Find me a land investment that will give me $1 worth of land for every $1 I purchase, please!
...

Your company matches 1/1? You gotta max that out. Period.

I make fun of my own financial, ehhh...
...eccentricities, but I did study back when I was in the business of making other people money.
Virtually every financial adviser says it's money thrown away if you don't max out the limit of what the company matches with their contribution.

 

[churchmouse]

If you'd have left your money just at the market index it is about double 2008 now.

I was near retirement and I did not have the time or so it seemed. Panic....you bet I did. At the time it seemed the right thing as the economy was sliding towards the sea.
I am not a financial genius. If I had more insight and understanding of the way that world works I would have paid attention closer and moved those funds into an area that was not taking huge hits.
My only point in this is watch your money. Do not trust people that make a living on commissions to have your best interests at heart.