wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
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Where to park cash? Like, a lot of cash? ?
Where to park cash? Like, a lot of cash? ?Meanwhile:
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And they even have several others staring down the barrel likely added to the list soon:
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Remember that recessions are just like nature - the weakest perish first and then down the line we go.
A few months back it was the small banks, now these ones are mid size banks.
Next will be the bigger ones.
Llewellyn-Smith shares your viewI don't actually think you've missed all of the opportunity even now. Kind of like how I keep saying there's time left to get your money out of china if you have any there.
You've missed some of the opportunity yes, but not all of it.
10/10 article. Bullseye'd everything.
Where to park cash? Like, a lot of cash? ?
Interestingly HSBC is where I have most of it... Just a bit freaking nervous about banks in general though.View attachment 160710View attachment 160711
4.28 equivalent annual rate plus whatever you gain from the currency movement is pretty good.
I'd actually be kind of tempted to park a bit in NZD too as NZ relies massively on tourism and tourism is a superior good so it's first to be cut from the shopping list when money gets tight, ergo the NZD is likely to be pummeled even more than the AUD. It also has an excellent interest rate for your savings near twice the alternatives. It'd give you a nice hedge for a pretty cheap holiday if nothing else.
If my prediction is correct then flights, hotel rooms etc there will end up very cheap too even ignoring the currency dumping
Depends how much cash you're actually talking about wayne - there's a government guarantee on 250k in all financial institutions. You could break a mil up between four banks if you were really really worried.Interestingly HSBC is where I have most of it... Just a bit freaking nervous about banks in general though.
Hearing that a lot of stuff is just supply issues at the moment too. Can't get the materials = can't start work, even if you pay through the nose for whatever tradies you need.Bought an item from Bunnings, $9.32
Bought the exact same item, same brand and size, 5 years ago also from Bunnings. Price back then = $6.15
OK so that's a minor item but as we've seen with the collapse of now countless builders, we're in a world where "just in time" approaches to inventory are a good way to end up in trouble. Buying as much up front as possible is lower risk.
Hmmm Cheaper prices are just the beginning!!!!Bought an item from Bunnings, $9.32
Bought the exact same item, same brand and size, 5 years ago also from Bunnings. Price back then = $6.15
OK so that's a minor item but as we've seen with the collapse of now countless builders, we're in a world where "just in time" approaches to inventory are a good way to end up in trouble. Buying as much up front as possible is lower risk.
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