Single Status Update
Sorry, it's been a while since I posted an epic new thread. My priorities have changed somewhat and the idea of opening my life up to debate has seemed less and less interesting to me. But things are getting a bit settled lately so I figure what the hell.
Last week, I switched almost my entire investment portfolio to global precious metals stocks. I also just placed an order for physical gold and silver and I should soon be in possession of three 1oz Canadian maple leaf gold coins and 55 1oz Canadian maple leaf silver coins. I'm also pressing hard for my mom to take out a HELOC on her ridiculously overpriced house to buy physical gold and silver. She's putting up a lot of resistance. The way that the U.S. fed is printing money and Canada ties itself to U.S. policies, anyone who has their money tied up in home equity, cash, and low-risk investments is going to get wiped out. Anyone who has gold, silver, food, oil, and debt is going to do very well in the coming years. She doesn't seem to have any retirement plan at all. She believes that she'll be able to hunt, live off the land, and rely on neighbors for help through her 60's, 70's and beyond. I think she's a sitting duck and just waiting to be wiped out through the coming hyperinflation.
In other news... I've been dating my girlfriend for about 9 months now. She's from the Philippines and is 8 months older than me. She works in the same office as me, and that's how we met. She lives in her sister's house. Her sister and brother-in-law and going back to the Philippines for a month and she doesn't want to spend an entire month alone in the house. She has to commute a total of 80 minutes on the bus each day. If she stayed with me, she'd have to walk a total of 20 minutes to/from work each day. Obviously it would be great for her to live with me for a month but what does it do for me?
Right now, she shares the cost of groceries with her sister but does not pay any rent. Even though she makes about 40% of the money that I make, she spends a lot of money on clothes, accessories, and entertainment. She also sends about $400/month to her family in the Philippines because that's what Filipino Canadians do. They come here for the opportunity to help their family back home. She basically has no savings. Every time I talk to her about money issues and how everyone needs to prepare, she says something like "Why do you worry so much?" I think she's just immature and naive when it comes to important life issues.
Anyway, back to the main topic. She wants to live with me for a month. I basically told her that staying with me for a month is a completely different dynamic than spending 1 or 2 days a week with me, and that if she wants to stay with me for a month she should pay her fair share of expenses. In my mind, this would be about $500 (less than half my rent) plus groceries. She was very disappointed to hear this. I said that I don't want to harm our relationship by creating a situation where I resented her for freeloading off of me. She said she understood this but was hoping I would do her this favor. She tried to argue that I would be paying the full expenses anyway if she didn't stay with me and therefore she shouldn't have to share. I explained to her that I value my space and privacy, and of course she acted offended by this. I think she has a lot of growing up to do and that allowing her to freeload off of me for even one month would set a very bad precedent. As it stands now, she's going to continue to stay in her sister's house. I think this is the best arrangement. She ought to be very grateful for the privilege of staying in her sister's house for next to nothing. Maybe this month alone will help her gain some maturity.
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Might be a smart move to do that right now, depending on how this plays out.
The "unthinkable" investments, the ones you're almost embarrassed to tell people about in case they go sour for reasons that seemed only too obvious when you bought, are often the ones that end up doing best.
And if nothing else, you'd be supporting Japan at a time of need.
The best bet might ultimately be to invest in the inevitability of catastrophe.
(Read the article! It's really good!)