Kenvesting: Building a nestegg with EGGS!

One of the most disturbing things I have had to do recently is to figure out how to protect what little money I have. I have my 401k and my rollover IRA account as does my wife. Like most people we have checking and savings and not that much of either. Fortunately our debt is low but at our age we really need to hang on to what we have. Most Americans have suffered tremendously in the stock market and even conservative Mutual Funds have been big losers at least twice in the past 10 years. In the last month the DOW has dropped about 1,000 points which basically puts us back to where we were a year ago. So you might ask yourself how this affect you and what should you do.

Well I am neither investor nor broker and have no special knowledge. What I do know is that everything I read says that the American dollar is in jeopardy. I suspect that those who frequent this blog probably already intuitively suspect this but what to do. Well it seems that the big kids, the ones with lots and lots of money, the ones who made like $5million last year (right Barry), these people have advisers. Who do you have? If you are like me you have the words of someone on the other end of the phone if that. That being the case I have come up with an investment strategy. It may sound silly but I only invest in sure fire winners. That should get your attention.

Who does the grocery shopping in your house? Ask them what has gone up the most in the last year. If those things have a shelf life of months or years, stock up. Figure it this way. Let’s say you love applesauce and that you eat a jar a month. If the expiration date is months or a year away and you find it on special I buy it. I buy about 75% of what I think I can use. Worst case scenario is that I will lose my job and end up eating applesauce for breakfast, lunch, and dinner. Even if the price goes down will it be worse that my stocks. I doubt it.

Now I gave a very simple example here because no one family would match the needs of others. What you see as something of value may not meet another’s needs. My rule is I have to eat it, need it, or be able to sell or trade it to someone else. I guess in a way you could call me an urban survivalist. Don’t get me wrong, I am not preparing for Armageddon here but I’m not denying the possibility either. Now my son sells guns and ammunition where he works. For more than a year now people have been hoarding ammunition. I asked him about the reason for this and he really doesn’t know. Reasons stated are fear of unavailability later to fears of increase in crime. I thought it over and reasoned that owning some is better that none.

Other things I buy are Paper Towels, Tylenol or Generics, Bath and Laundry soaps, toilet paper, and Spam. My kids love to make fun that I have a half-dozen cans of Spam. They hate the stuff. I like it and it has a shelf life of a couple of years. Now I buy all of these things on sale. If it isn’t a good price I don’t buy it. This is not about spending, it is about saving. I am buying things at a good price now that I think will be higher later. If you look around you I’ll bet you can find a few things that will stretch your dollar. With little or no pay raise in sight, Congress on a spending spree, and the World’s economies collapsing it might just be worth a little thought. If you come up with a good idea perhaps you would share it with the rest of us. Just in case you are wondering, I have enough toilet paper to make it past Halloween and still TP a couple of houses.

Oh yeah. The closest thing to cash in a 401K is a CD. I don't make much but I probably won't lose unless America goes under. I may change my mind after I am out of toilet paper 'cause I expect to outlast Congress.

I saw a great city on a hill...

Caution. Patriots will weep. Proceed at your own risk.



Just today Fox News’ web site had an article about the chaos in Greece with a headline “Could the U.S. be Next?” Also today my sister-in-law was astounded to find out that the Rev. Franklin Graham was not allowed at the pentagon prayer service. She doesn’t have cable and heard the news about Rev. Graham on the Focus on the Family radio broadcast. As I consider these 2 separate events I realize the disconnect in America is huge. Some mainstream media have been tugging at the heart strings for the Times Square bomber because he never realized the American dream. Nashville is under 10 feet of water as are numerous counties and nothing is on the news. BP and the oil spill are all over the news but the Administration’s slow response time goes almost without mention and a man stabs a bus driver to death while the bus is en route.

Considering this first paragraph I would say we are well on the way to the violence in Greece. Today I watched video of Mexican students in California snatching flag from a handicapped man in a wheelchair. I think it was a Mexican flag but a from a guy in a wheelchair. I read that the kids who were sent home from school for wearing patriotic colors received and apology from the principal. Too bad they were advised to stay home from school for fear of violence from the Latino kids. Oh yes. Two of the kids are half Mexican.

So let me summarize. The dollar is falling faster the Twin Towers of NYC on 9/11 and the stock market graph looks like a heartbeat on life support. A Christian preacher is not welcome to pray at the Pentagon because some Muslims don’t like his message and the MSM was hoping that the Time Square bombing incident was a Tea Party member. Add to that the people of Tennessee are suffering big time and none of them have flood insurance because they aren’t even in a flood plain. No news here folks. Move on. While I haven’t heard why the guy stabbed the city bus driver. I can’t wait to see the coverage of that because you sure as heck aren’t going to see any coverage of Mexican kids molesting a handicapped guy.

Perhaps by next week the Patriotic kids can return to their school. Too bad that what they will be taught will be some half truths and history redacted for convenience sake.
In answer to Fox News’ question I think it needs no answer. I think it was purely rhetorical as they see it coming plain as day. Yep. The conservatives will get the blame but the liberals have already started the violence, just no one is covering it. By the way, though no one is talking much about it the government just took over the Internet. They will say it isn’t so. Blog while you can because freedom of speech is about to become an historic concept.

Stimulus Package a.k.a.: Friends of Obama Fund

There has been quite a bit said and published about the success of the Stimulus package. Cited below is from Politico.

""Politico reported on June 5 that the “Stimulus tour” — visits by Mr. Obama and other administration officials “across the country to tout the massive spending program or hand out stimulus cash to grateful local officials” — overwhelmingly took place in states that voted for Obama: “52 of the 66 events were in states that backed Obama.” The other 14 events were in states that Obama lost only narrowly. A new study released by USA Today also finds that counties that voted for Obama received about twice as much stimulus money per capita as those that voted for McCain.""

Consider the above. Obama is in fact rewarding those who voted for him, wooing those who almost helped him get elected and punishing those states who did not vote for him in large majorities. He has totally ignored the Southern States and with these actions shows himself to be the “Chief Pork Barrel Promoter” (also called earmarks). When conservatives pointed out that the Stimulus bill contained these earmarks he dismissed them as old business. Now we see that the money that has been distributed has not been spent on the basis of need but to the Gigantic Obama Pork Program to promote him and increase loyalty to him.

Never in my life did I ever expect to see so dangerous a politician in the presidency. I might have expected to see someone like this in some ideological socialist group. (Consider his Chicago roots.) Obama is not only in power but he is wielding as a hammer and sickle. The presidency is not for personal politics but is for benefit of the American people as a nation: all of us.

The Stimulus Program has of late been reported as ineffective in helping the American economy. I am not so sure it was ever intended to.