The Reason to Quit PP

General Discussion on the Permanent Portfolio Strategy

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MachineGhost
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Re: The Reason to Quit PP

Post by MachineGhost » Sat Oct 03, 2015 3:48 pm

l82start wrote: why ivory soap? does it have a special survival value i don't know about?
Its like gold, recognized worldwide as a standard.  Its 99.44% pure.

http://www.amazon.com/Ivory-Original-16 ... 0076J9RZW/

Also, the Champagne of toilet paper:

http://www.amazon.com/Charmin-Sensitive ... 00DOSAMVW/

Yes, I'm on a roll lately.  Next up, lots of vodka!
Last edited by MachineGhost on Sat Oct 03, 2015 4:13 pm, edited 1 time in total.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes

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AgAuMoney
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Re: The Reason to Quit PP

Post by AgAuMoney » Sun Oct 04, 2015 5:56 pm

MachineGhost wrote: Also, the Champagne of toilet paper:

http://www.amazon.com/Charmin-Sensitive ... 00DOSAMVW/

Yes, I'm on a roll lately.
ICWYDT...
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frugal
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Re: The Reason to Quit PP

Post by frugal » Fri Oct 09, 2015 1:03 pm

Image
Live healthy, live actively and live life!
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MachineGhost
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Re: The Reason to Quit PP

Post by MachineGhost » Fri Oct 09, 2015 3:10 pm

frugal wrote: Image
Trump for President! ;D
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes

Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet.  I should not be considered as legally permitted to render such advice!
Reub
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Re: The Reason to Quit PP

Post by Reub » Fri Oct 09, 2015 5:44 pm

Donald Trump/Trace Atkins in 2016!  :)
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MachineGhost
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Re: The Reason to Quit PP

Post by MachineGhost » Fri Oct 09, 2015 10:12 pm

Reub wrote: Donald Trump/Trace Atkins in 2016!  :)
Who's Trace Atkins???
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes

Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet.  I should not be considered as legally permitted to render such advice!
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Re: The Reason to Quit PP

Post by Kriegsspiel » Fri Oct 09, 2015 10:18 pm

I believe he comes from a planet outside our system. He made quite a splash with his 2013 autobiography "Your Solar System Is Wack."
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Re: The Reason to Quit PP

Post by Desert » Sat Oct 10, 2015 7:19 am

frugal wrote: Image
Image

Not directed at you, Frugal.  I just like that poster.  :) 
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tennpaga
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Re: The Reason to Quit PP

Post by tennpaga » Sat Oct 10, 2015 5:31 pm

:)

A friend had a demotivational calendar I really enjoyed in his office.  Another:

Image
Last edited by tennpaga on Fri Oct 23, 2015 10:11 am, edited 1 time in total.
* Gresham's Law: Bad behavior drives out good.
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Re: The Reason to Quit PP

Post by frugal » Fri Oct 23, 2015 9:25 am

Positive thinking is always better than negative!
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Re: The Reason to Quit PP

Post by Desert » Fri Oct 23, 2015 9:54 am

TennPaGa wrote: :)

A friend had a demotivational calendar I really enjoyed in his office that.  Another:

Image
I missed this before Tenn!  Beautiful.  I actually AM motivated by posters like this, because I'm a sarcastic bastard at heart.  :)
Our greatest fear should not be of failure, but of succeeding at something that doesn't really matter. 
- D.L. Moody

Diversification means always having to say you're sorry.
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Re: The Reason to Quit PP

Post by portart » Tue Nov 03, 2015 4:12 pm

I think gold is a very volatile asset. We are in times where cash earns zilch.  Long term bonds, not much more. Gold pays nothing but protection which doesn't compound. So stocks are the place to be and will stay that way as long as the debt monster is pacified by politicians and investment houses.  Everything is so manipulated, you might never see that come to pass. Who is to say the market will go up for many more years in this highly leveraged world.  PP is doing really nothing. If you work and and keep adding to it, you probably will accumulate growth based on your savings and some very small increases, if any. 

The problem comes when you stop earning and start pulling out three to five percent a year. With so little growth, your money will go fast over a ten year period. So I am wondering that even though PP protects your life savings, it doesnt' function well as a replacement of wealth vehicle in retirement. The problem is if you buy into a more risky portfolio, you might find yourself in that spot where a hard fall will decimate your savings at the worst time. So here it is..if you need yield and fear using up your money up, go for growth in equities game knowing that if we have some black swan, you could get caught in a vice. If you want to keep working, protect your savings, PP is a great place for safety and keeping what you make. If you do retire, pull out as little percentage wise as possible if you want to keep what you have.

I have a annuity I bought in 2009 that I am waiting to start when I retire. It will pay 63k a year by then and SS that will pay 31k a month in two years. That will allow me to take 2% to 3% of my PP IRA/401k to live on. In this senario, I think PP is the perfect place to be. Now if I get a big surprise to the upside, life will be good. If not, I am prepared to live on what I get. At least the SS and annuity will never run out unless the gov falls apart and Prudential goes out of business after 134 years in business.
Last edited by portart on Tue Nov 03, 2015 4:13 pm, edited 1 time in total.
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