All Forum Posts by: Nick Gann

@Evan Polaski

This seems like a healthy perspective Evan.

@Russell Brazil

Anything with manufacturing, shipping, refining of raw materials will hold value and recover best. But then producing anything is where real value is made.

@Manaia Alalamua

My wife and I got back from there two weeks ago, right before all this really set in. Luckily got our skydive in as I hear thats shutting down in June? And got our free dive with sharks in as well. May be a good time purchase property there for the eventual recovery?

@Jay Hinrichs

These times arent just where you find out who you are, these are where we are forged.

I have only a few rentals and didn't start until last September. Everything is smooth right now, and of the 4 rentals 3 have a mortgage. We will see how long things syay smooth. We have some reserves and my main business is still producing at the moment and theres a large credit line to help if needed on the paid off rental. My own mortgage is negligible at 400$ a month. We have fantastic tenants and we want to keep them and should help be necessary would make the accomodations as long as possible.

I understand the sentiment of being willing to do what is necessary, when friends asked what I'd do if we failed, I said live in one of my tents and start again. We're no strangers to being at the bottom and that seems to make hard people... hopefully none of this is necessary.

I also understand the sentiment of a recession being good under normal circumstances. In one of the businesses I own (pressure washing) everyone thinks they have a truck and a washer and they are in business... during the good times. These less ideal times test their theory, and in some cases allow folks like me to purchase cheap equipment from those without reserves. The investing business is mostly the same. It's so easy to pretend you got it figured out when money is cheap and everywhere. So I like recessions to flesh that out and help those that fail realize, should there be a next time, do it with more care and thought.

At the same time, I dig watching people become successful. One of the great joys of life is seeing someone who had nothing work their *** off and build an empire...however modest an empire it might be.

In conclusion I dont know what to think, and many thoughts and plans are changing daily on the fly. I dont wish for anyone to fail. And those who'll look the dragon in the eye will come out the other side.

@Joseph Cacciapaglia

One of the primary issues that seems to be overlooked right now is the collapse of dollar value. The government is stealing from us and whoever they borrowed from and are funding "stimulus" with printed money. When other countries wisen up and realize we cant repay the debts and our best decision as a country is to default and start over, the value of the bonds won't be good. Hell right now you lose money to invest in bonds, people investing in money losing bonds are doing it because their outlook is very bleak for the future of the currency and thus the gauranteed bond loss is still less than holding the currency and inflationary pressure over time.

Bad dollar value, means no bonds purchases which is how we in theory acquire money to loan. The main purchasers of our bonds at the moment is us. How long can you sell 10 dollar bills for 9$?

@Brian Kueck

Thats the problem. The government cant pay for anything. Its the peoples money they take. Theyre robbing our future selves and have been for sometime... thats whats really going on here.

@Tony T.

It is going to happen. The hidden costa of "stimulus" most are unaware of.

I put my money in physical gold, food, property and bulk fuel (have some 500gal tanks for my business). A bit prepperish sounding to be sure.

0 changes here in Middle TN. So far...

@Jay Hinrichs

Smart insights man.

The whole thing is so location based its nuts.