The Reset and its implications for your finances: how to profit from it?

[SirRumpole]

If I employ more people I pay payroll tax

Payroll tax stinks and has to be abolished.

 

[Chronos-Plutus]

1. There is already a new Cold War between China and US. Whether it develops into a Hot War, who knows.

2. I have in the past been highly critical of Central Banks and their kick-the-can down the road strategy. What if the can, can continue to be kicked indefinitely?

3. Property with land that can produce is preferred to say a flat. If looking at PMs, why not silver currently over gold? Cash is fine (until it isn't) and you'll never really know it isn't until far too late. Stocks actually perform pretty well even in the major wars where the country loses: Japan/Germany.

jog on
duc

1. In my opinion; China will push into the Central Asian Plateau states with the intention to exploit the resources they need, as this region is rich in resources and underexploited, and within close proximity. A cold war environment is developing, however I don't believe a hot war will eventuate.

2. The US Federal Reserve's history is but a blink of an eye within recorded economic and monetary history. Excessive pride often ends in disaster (Plato). If the US Federal Reserve believes that they can just print ad infinitum without consequence, they are surely mistaken.

3. I agree; property that can be productive is a greater asset than a unit. I would rather buy some rural land close to a freshwater source than another apartment or house in a major city. I have always liked silver as a long term store of wealth, silver has been a monetary metal for millennia and the name silver is synonymous with money in many languages. Always good to hold at least some cash on hand. As for equities, I will hold some shares in mining entities that produce precious metals.

 

[tech/a]

Wayne I don’t agree with engineered fear.

The consequence of un fettered growth of a pandemic
Without vaccine or cure is very real FEAR.

The ONLY reason you have don’t have Un Bridled fear Is
Great management by a few in NZ and AUS. There is
Very real fear out there just ask front line workers.

People should fear the consequences.
Get this right people
One day you may get a pandemic with 100% death
Rate on infection.

 

[sptrawler]

On Saturday I went for a ride with my mate the garbo, we stopped at a pub and were chatting to another biker who works at a post distribution center.
Cutting a long story short, we got chatting about the new three wheeled postie trikes and the fact that they require a motorcycle license, the conversation got around to wages and my mate the garbo nearly fell off his chair when the guy said posties get between $85-105k a year.
He said jesus that's as much as me, I smiled to myself, thinking how times have changed.

 

[sptrawler]

People should fear the consequences.
Get this right people
One day you may get a pandemic with 100% death
Rate on infection.

Apparently you need a death rate of about 30-40%, if you have a death rate of 100%, you run out of hosts and the virus dies out.

 

[tech/a]

Makes sense

 

[qldfrog]

Get this right people
One day you may get a pandemic with 100% death
Rate on infection.

I will respectfully disagree, yes the above is right so should we use a benign pandemic as a training and act as if it was a plague like death rate?
Facts and you must like facts and figures are now available to whoever wants to:
it is a pandemic, has spread everywhere thanks to uncle Xi and has actually contaminated far more than even current tests account for.
a scientific fact; as a result the death rate for moderately healthy people is very low, and thanks for that.
Should we create more death with lockdown, do we prefer saving a 95y old bedridden Alzheimer patient in aged care to a young 30y old shop or restaurant owner, 'cause do not kid yourself, this is what is happening;
Economically and socially reinstalling lockdown is asking for severe trouble, what does Victoria think?
The virus itself is not going to cause ASX specific worse collapse than the US market, but this decision and the stupid change of aim from curb the curve to impossible eradication might bring us Australian specific crisis.That is bad news for my system as they tend to mirror the US.
Any thought about an ozzie specific backslash due to our "initial apparent success"?
Let's count NZ in....

 

[Garpal Gumnut]

Getting back to the topic.:

Home Forums Trading and Investing Business, Investment and Economics
The Reset and its implications for your finances: how to profit from it?
Thank you @qldfrog

Getting one's house in order first: Review the Following

• Health
• Family, Friends
• Shelter
• Debt
• Credit
• Assets
• Things not done
• Achievability
• Strengths
• Weaknesses

As I famously said in an ASF post once ( and it has been copied in the wellness/wealth cesspit) :
Get one's house in order first and then order in one's next house.

So after all that one must sally forth to profit from the Reset.

gg

 

[IFocus]

Transfer of wealth, undermining the middle and low income work security, working conditions, government by corporations / billionaires, ransacking resources.

BTW only big reset that I have heard is about debt at some point there will be a great reset no idea what that would look like.

 

[Chronos-Plutus]

Transfer of wealth, undermining the middle and low income work security, working conditions, government by corporations / billionaires, ransacking resources.

BTW only big reset that I have heard is about debt at some point there will be a great reset no idea what that would look like.

I don't think the billionaires have much to do with anything here; also their wealth is on paper, not tangible gold and silver. Their wealth is but a drop in the ocean. We are talking about trillions and trillions of debt that will not be able to be serviced.

 

[tech/a]

I will respectfully disagree, yes the above is right so should we use a benign pandemic as a training and act as if it was a plague like death rate?
Facts and you must like facts and figures are now available to whoever wants to:
it is a pandemic, has spread everywhere thanks to uncle Xi and has actually contaminated far more than even current tests account for.
a scientific fact; as a result the death rate for moderately healthy people is very low, and thanks for that.
Should we create more death with lockdown, do we prefer saving a 95y old bedridden Alzheimer patient in aged care to a young 30y old shop or restaurant owner, 'cause do not kid yourself, this is what is happening;
Economically and socially reinstalling lockdown is asking for severe trouble, what does Victoria think?
The virus itself is not going to cause ASX specific worse collapse than the US market, but this decision and the stupid change of aim from curb the curve to impossible eradication might bring us Australian specific crisis.That is bad news for my system as they tend to mirror the US.
Any thought about an ozzie specific backslash due to our "initial apparent success"?
Let's count NZ in....

QF
When I look back on any of the World Wars a lock down of even 3 mths and the effects it has on society pales to 100,000 volunteers and conscripts that went to war with a real chance of not coming back. That is REAL mental anguish for them and their families.

Society needs to toughen up
The Govts have done an amazing job supporting those who need it
Far better than rations.
We run around stamping our feet that this just isn’t right.
Flaunting advice and demanding freedom fully prepared to sacrifice anyone who impedes on our freedom!

if that 95 year old Alzheimer’s patient or the 20 year old with a heart condition were in the street being attacked would you stand back and say —— your on your own.?

For many of us —— no way
In that or ANY situation .
Each to their own.

 

[qldfrog]

QF
When I look back on any of the World Wars a lock down of even 3 mths and the effects it has on society pales to 100,000 volunteers and conscripts that went to war with a real chance of not coming back. That is REAL mental anguish for them and their families.

Society needs to toughen up
The Govts have done an amazing job supporting those who need it
Far better than rations.
We run around stamping our feet that this just isn’t right.
Flaunting advice and demanding freedom fully prepared to sacrifice anyone who impedes on our freedom!

if that 95 year old Alzheimer’s patient or the 20 year old with a heart condition were in the street being attacked would you stand back and say —— your on your own.?

For many of us —— no way
In that or ANY situation .
Each to their own.

I will help the kid more than the aged..in a nutshell this is the case, who do you sacrifice? And then real question, is there a sacrifice actually or just pretend scare.
Is covid 19 the new weapon of mass destruction found in our backyard that will be proven as a bag of BS in 20y time....
But another thread please

 

[tech/a]

Ah now I see QF

Friend of mine in UK lost a mother 80 and a brother 42.
That was/is real
Other friends in Tampa Florida have lost 4 friends so far
That’s pretty real as well.

Perhaps Ostrich would suit your handle better.
You do realise that many who survive have irreparable
Lung damage —- that in 20 years time may be like an
Asbestosis.

no point for me further commenting as we will
(Everyone) have differing opinions.

 

[qldfrog]

Ah now I see QF

Friend of mine in UK lost a mother 80 and a brother 42.
That was/is real
Other friends in Tampa Florida have lost 4 friends so far
That’s pretty real as well.

Perhaps Ostrich would suit your handle better.
You do realise that many who survive have irreparable
Lung damage —- that in 20 years time may be like an
Asbestosis.

no point for me further commenting as we will
(Everyone) have differing opinions.

sorry to hear that
42y brother genuinely out of the scale in term of covid death..does not help him or his family i agree
Not playing the ostrich, remember all of my family is in France, i come from the north east , the area which has been the worst hit, my father is still there 80 and prime target.
So do you think i am just a selfish bastard, and if not, why would i have this view when looking at numbers in the heart of the action? Probably number challenged?
But that is not the aim of that thread so i will close that subject here.
Virus is the trigger used, not the cause or the solution
In summary, the ideas suggested so far for safekeeping are:
Stock market,
Gold or maybe more silver(which could also benefit from economic recovery/new green economy)
Cash..a bit dubious here but some certainly
Land..productive ideally...agree..not a unit or warehouse
I personally and this is a conviction buy CSL for the day of the fake vaccine announcement..a gamble but...
I am personally undecided about Australian gov bonds

Can be seen as safe among more deep debt country, but in a low interest, new currency potential

 

[Garpal Gumnut]

I like my genes, so some wealth transfer down the Gumnut tree may be on the cards.

That for me is profit, investing in biotech, my DNA.

I have to be careful though as some are better to my mind with spending and money than others. None bad, all different risk profiles really.

Back to the topic.

I believe shares will do better, particularly ASX than anything else. there are so many promising biotech, defence and mining sprats popping up on my radar.

And with shares one has 2 quickly interchangeable assets ... cash and shares.

gg

 

[jbocker]

The 'RESET' Button has been pushed. That's the way I sense it. Is that the general consensus?
How Why and Who 'pushed' it will be argued infinitum. I don't really care, I am interested in how to survive it, health-wise and financially. Health first, then financially. Not interested to be DEAD RICH.
Had some really good times with only 2c in my pocket.
This will reset peoples lives life-styles and financially and I will enjoy this thread for peoples perspectives on the way forward.

 

[wayneL]

I know more people who have died this year of depression than covid.
I know if more people who have died from horse riding accidents this year than have died of covid
I know more people who have died of cancer this year and have died of covid
I know more people who have died of medical misadventure this year than have died of covid
I know if more people who have died of kidney disease this year and have died of covid.

And that's just in my circle, yet none of these other factors have resulted in a shutdown of the economy.

You may consider that non-sequiturish(sic), but really it's not it's actually very very relevant.

 

[wayneL]

As for the way forward. I see cash in the bank as at risk until such time as the bail-in loophole has been closed as proposed by Senator Malcolm Roberts. Therefore I am sinking as much as I can into non cash assets that I can hedge off as much downside risk as I can.

I'm seriously looking at Bitcoin as a reasonable proportion, not as a pure play but with option strategies around a core position. haven't done that yet but it's possible and I'm still working out the best way to approach that.

I found an interesting valuation model regarding this, vis-a-vis stock to flow... Of course there are risks but the upside as suggested by S2F potentially immense.

 

[jbocker]

I know more people who have died this year of depression than covid.
I know if more people who have died from horse riding accidents this year than have died of covid
I know more people who have died of cancer this year and have died of covid
I know more people who have died of medical misadventure this year than have died of covid
I know if more people who have died of kidney disease this year and have died of covid.

And that's just in my circle, yet none of these other factors have resulted in a shutdown of the economy.

You may consider that non-sequiturish(sic), but really it's not it's actually very very relevant.

Agree. We have managed Covid well to not have any significant number of deaths within our circles of friends.

 

[tech/a]

I know more people who have died this year of depression than covid.
I know if more people who have died from horse riding accidents this year than have died of covid
I know more people who have died of cancer this year and have died of covid
I know more people who have died of medical misadventure this year than have died of covid
I know if more people who have died of kidney disease this year and have died of covid.

And that's just in my circle, yet none of these other factors have resulted in a shutdown of the economy.

You may consider that non-sequiturish(sic), but really it's not it's actually very very relevant.

So---
Un restrained in any way approx 7% will contract it.
and 7% of those will die That's 34 million once it took control.
Totally obliterating other deaths you mention.
PLUS its added on to those above which in the case of cancer
would rise dramatically as resources would be un available.
If this was un fettered for 2 years depression /Economics would be
the last of your worries.

Your looking at a world which is doing something.
Although in many areas very poorly.
Take that away and its a much much different world.
You underestimate covid and the results thus far.

I get it it is currently a small amount for much disruption.
But once out of control there will be NO coming back.
The only savior is a vaccine or treatment.

But we are all different.