What is your survival Plan for Recession[modified]
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What you plan to do to ride depression?
Tapas Shome System Software Engineer Keen Computer Solutions 1408 Erin Street Winnipeg, Manitoba Canada R3E 2S8 http://www.keencomputer.com
modified on Monday, October 6, 2008 7:39 PM
Stay retired and thank my lucky stars!
Ahoy! Martin Hughes
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What you plan to do to ride depression?
Tapas Shome System Software Engineer Keen Computer Solutions 1408 Erin Street Winnipeg, Manitoba Canada R3E 2S8 http://www.keencomputer.com
modified on Monday, October 6, 2008 7:39 PM
All I need are some tasty waves, a cool buzz, and I'm fine. :)
- S 50 cups of coffee and you know it's on! A post a day, keeps the white coats away!
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What you plan to do to ride depression?
Tapas Shome System Software Engineer Keen Computer Solutions 1408 Erin Street Winnipeg, Manitoba Canada R3E 2S8 http://www.keencomputer.com
modified on Monday, October 6, 2008 7:39 PM
I own my house, I have a three year contract ( if I get fired, they pay me out ). My plan is to invest wisely and make money.
Christian Graus No longer a Microsoft MVP, but still happy to answer your questions.
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I own my house, I have a three year contract ( if I get fired, they pay me out ). My plan is to invest wisely and make money.
Christian Graus No longer a Microsoft MVP, but still happy to answer your questions.
I would guess that, in general, during a recession, broken contracts sky-rocket and that the offended parties are far less enthusiastic about risking their cash on a lawsuit. But if you're dealing with a solid company and have a strong relationship, you'd be able to count on the contract. Ideally your income should from seperate sources. But still no guarantee.
"For fifty bucks I'd put my face in their soup and blow." - George Costanza
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I would guess that, in general, during a recession, broken contracts sky-rocket and that the offended parties are far less enthusiastic about risking their cash on a lawsuit. But if you're dealing with a solid company and have a strong relationship, you'd be able to count on the contract. Ideally your income should from seperate sources. But still no guarantee.
"For fifty bucks I'd put my face in their soup and blow." - George Costanza
Well, sure. But, I get enough job offers that I'm sure if one folded, another would open up. And I do have money from other sources. Plus, I can grow all my own food where I live ( in the house I own ). So, I'm still not worried.
Christian Graus No longer a Microsoft MVP, but still happy to answer your questions.
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What you plan to do to ride depression?
Tapas Shome System Software Engineer Keen Computer Solutions 1408 Erin Street Winnipeg, Manitoba Canada R3E 2S8 http://www.keencomputer.com
modified on Monday, October 6, 2008 7:39 PM
I own my house, have revenue producing assets, cash in the bank and, since going to solar my house uses almost no power from the grid. If it gets bad, I'll go back to working 40 hours a week.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
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I own my house, have revenue producing assets, cash in the bank and, since going to solar my house uses almost no power from the grid. If it gets bad, I'll go back to working 40 hours a week.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
I'm contemplating solar. What are your thoughts ? Also, out of interest, are you holding stocks ? I'm being advised to buy, which seems decent advice to me, overall. If the market doesn't go back up, we're all screwed anyhow, right ?
Christian Graus No longer a Microsoft MVP, but still happy to answer your questions.
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What you plan to do to ride depression?
Tapas Shome System Software Engineer Keen Computer Solutions 1408 Erin Street Winnipeg, Manitoba Canada R3E 2S8 http://www.keencomputer.com
modified on Monday, October 6, 2008 7:39 PM
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What you plan to do to ride depression?
Tapas Shome System Software Engineer Keen Computer Solutions 1408 Erin Street Winnipeg, Manitoba Canada R3E 2S8 http://www.keencomputer.com
modified on Monday, October 6, 2008 7:39 PM
First, see if there is even a recession. It sounds great to be all pessimistic, but believe or not the economic signals that we are actually in a recession are mixed. FYI, the stock market is almost never an indicator.
Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke
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Well, sure. But, I get enough job offers that I'm sure if one folded, another would open up. And I do have money from other sources. Plus, I can grow all my own food where I live ( in the house I own ). So, I'm still not worried.
Christian Graus No longer a Microsoft MVP, but still happy to answer your questions.
If the property prices are decreasing, it will probably be a better time for first-time buyers (e.g. me). Except for the interest :~
"For fifty bucks I'd put my face in their soup and blow." - George Costanza
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I'm contemplating solar. What are your thoughts ? Also, out of interest, are you holding stocks ? I'm being advised to buy, which seems decent advice to me, overall. If the market doesn't go back up, we're all screwed anyhow, right ?
Christian Graus No longer a Microsoft MVP, but still happy to answer your questions.
Christian Graus wrote:
I'm contemplating solar. What are your thoughts ?
It's really cool. :) It's just really expensive, at least in my part of the world (Dallas). We decided to do it just because we were was getting pissed off when we saw our electric bill go up ~15% despite our year to year consumption going down by more than 20%. If I could get away with it in my HOA I'd put in a wind turbine as well.
Christian Graus wrote:
Also, out of interest, are you holding stocks ?
Very little actual stocks. But, I am tempted to buy into vice related stocks for mid term if I can find any that pay decent dividends. I do play options quite a bit, and it's been a really good time to straddle (short and long at the same time) a pretty broad range of stocks. Still, there are really no short term safe harbors that I see right now including cash or gold. My primary long term investment vehicles are, BELIVE IT OR NOT, well performing rental properties and some good mortgages (beats the heck out of being a landlord).
Christian Graus wrote:
If the market doesn't go back up, we're all screwed anyhow, right ?
Only if you are holding stocks. :-D If your broker allows it, you can purchase short options to semi protect your portfolio. This saved a portion of my hide a few years ago when a certain energy company in Houston went under.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
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First, see if there is even a recession. It sounds great to be all pessimistic, but believe or not the economic signals that we are actually in a recession are mixed. FYI, the stock market is almost never an indicator.
Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke
True. Doesn't it sort of *prompt* a recession when everyone cuts back on spending because there *might* be one coming...
"For fifty bucks I'd put my face in their soup and blow." - George Costanza
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Well, sure. But, I get enough job offers that I'm sure if one folded, another would open up. And I do have money from other sources. Plus, I can grow all my own food where I live ( in the house I own ). So, I'm still not worried.
Christian Graus No longer a Microsoft MVP, but still happy to answer your questions.
How's the garden doing? More to the point how are you able to deal with the buggies. I've been trying to go as organic/green as possible but some darn beetles managed to really hammer some of my squash (summer and cucumbers). Also, have you grown your own corn yet? I am contemplating giving a dwarf varieties a shot this next season.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
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If the property prices are decreasing, it will probably be a better time for first-time buyers (e.g. me). Except for the interest :~
"For fifty bucks I'd put my face in their soup and blow." - George Costanza
yeah, I hope to buy some property as it bottoms out.
Christian Graus Driven to the arms of OSX by Vista.
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How's the garden doing? More to the point how are you able to deal with the buggies. I've been trying to go as organic/green as possible but some darn beetles managed to really hammer some of my squash (summer and cucumbers). Also, have you grown your own corn yet? I am contemplating giving a dwarf varieties a shot this next season.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
I am starting to drift away from total organic, b/c for some things, it plain doesn't work. curly leaf on the peaches is one of those things. I've not planted corn, I may well not this year. We've had mixed success and corn takes a lot out of the ground, I want to put a lot back in for a couple of years, b/c we've had 2 years of terrible results now.
Christian Graus Driven to the arms of OSX by Vista.
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What you plan to do to ride depression?
Tapas Shome System Software Engineer Keen Computer Solutions 1408 Erin Street Winnipeg, Manitoba Canada R3E 2S8 http://www.keencomputer.com
modified on Monday, October 6, 2008 7:39 PM
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I'm going to grow potatoes on the family farm and make moonshine vodka on the side. When they bring Prohibition back in the U.S. I can sell it to people across the border like in the old days :)
I was thinking something like that as well since I've been brewing my own beer for a few years now. I'll just have to learn to grow my own hops and barley.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
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I was thinking something like that as well since I've been brewing my own beer for a few years now. I'll just have to learn to grow my own hops and barley.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
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And I think I'll have one right now.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
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What you plan to do to ride depression?
Tapas Shome System Software Engineer Keen Computer Solutions 1408 Erin Street Winnipeg, Manitoba Canada R3E 2S8 http://www.keencomputer.com
modified on Monday, October 6, 2008 7:39 PM
I plan on just pressing on to the best of my abilities through these uncertain times.
"The clue train passed his station without stopping." - John Simmons / outlaw programmer "Real programmers just throw a bunch of 1s and 0s at the computer to see what sticks" - Pete O'Hanlon "Not only do you continue to babble nonsense, you can't even correctly remember the nonsense you babbled just minutes ago." - Rob Graham
