As I continue to read and search the self-reliant and prepper communities, I run across multiple hits regarding making fire, storing and gathering water, weapons and ammunition, just to name a few. It’s not that these things aren’t important, they should be the staple of anyone’s self reliant plan, however there is one particular aspect that I rarely see mentioned, and yet it is likely one of the most commonly overlooked ways to prepare for bad times ahead.
It’s time to see how various sectors of the “Prepper Investment Model Portfolio” did in the most recent quarter (Aug-Sept-Oct of 2016). I suggested this index of 11 sectors that are often of importance to survivalist types, in July 2015. Each sector was defined based on a publicly available benchmark, and then weightings adjusted so that the total initial portfolio added up to $1000. Note that the reviews remain one month behind the traditional calendar “quarters” The index is now 1 year and 1 quarter old.
With the cost of everything going up and the future uncertain, stretching your resources and re-purposing items becomes more of a necessity. I am always looking for new ways to get the “max for the minimum.”
Some recent posts here reminded me of some of these things. My grandparents and parents were a young family when the great depression hit. What kinds of things did they do to make ends meet when things were expensive or scarce?
Unfortunately, many of them who went through this period in time are no longer with us. However, I remember a few things they did or heard of them doing, that now, looking back, were obviously brought about by the times they lived in. Even after times improved somewhat, some still stuck to certain ways of doing things. Old habits are hard to break.
Take advantage of the programs that many drug stores offer. I used to just assume drug stores were to expense to shop at. CVS and Walgreens (the two main drug stores in my area) are like gold mines. They both offer reward programs with Extrabucks being at CVS and Register Rewards available at Walgreens. The websites I mention above are excellent sources that basically spell out which coupon is needed to get the deal you are after.
Sometimes a coupon is not even needed. For example, CVS and Walgreens both will offer contact solution for 8.99 with 8.99 EB or RR back. That equals free! You pay for the product and then upon check out are issued the 8.99 back to be used in the store. I haven’t bought contact solution in two years but have 5 boxes sitting in our pantry/store in the basement. Start looking around to find your favorite sites that fit your situation the best.
For the past few years, the US Government has been trying, through fits and starts, to implement a policy whereby all its payments are made electronically into bank accounts or onto electronic debit cards. The Government recently announced that Social Security payments would all be either electronic entries in bank accounts or EBTcards by sometime in 2013. Payments to retirees are already electronic entries for the most part, and VA checks and other governmental payments will follow suit.
All these actions have supposedly taken place in an effort to save money, yet the savings are minuscule compared to overall spending, and it would take a great leap of faith for one to believe the government is in any way concerned about cutting spending. All evidence points to the contrary, so budget savings are likely a cover for the real reason behind these measures. The private sector has also had a hand in the push for the cashless society, and with the introduction of credit and debit cards have made great strides in the elimination of cash.
It’s time to see how various sectors of the “Prepper Investment Model Portfolio” did in the most recent quarter (May-June-July of 2016). I suggested this index of 11 sectors that are often of importance to survivalist types, in an article written at the end of July 2015. Each sector was defined based on a publicly available benchmark price, and then weightings adjusted so that the total portfolio (at the beginning) added up to $1000. Note that the reviews remain one month behind the traditional calendar “quarters”.
I’ve been keeping this index now for a full year, so I also report the First Year Results – which are very good.
Precious metals have been used as a stable store of value and a medium of exchange for thousands of years. Although you cannot actually eat, drink or use it to defend yourself you can use it in barter or trade to get any potential needed items.
For example, if you are trying to trade with a neighbor for ammunition and you only have water, food, ammunition and first aid, chances are, he/she has those exact items also. You need to pay with something that can be used as a medium of exchange so that your neighbor can buy whatever he/she may need from someone else.
You won’t always know what people may need in a barter or trade situation. That’s why having a form of currency is essential!
Since the value of other types of investment is flexible and dynamic, investing in gold can be a good way to create a diversified financial portfolio. Investing in gold can also work as a lifetime insurance plan for you.
Thus, in the unpredictable market of today, investing in gold is a very good decision. However, since it is a huge investment, there are a few things you should keep in mind before purchasing gold in bulk. The most important things to know before investing in gold include:
Avoiding loss of one’s ‘wealth’ from whatever crises may befall you and/or your family seems paramount to helping avoid or at least mitigate the negative consequences that accompany emergencies and disasters, or even the general decline of civilisation. With currency devaluation, government overreach, civil unrest, bank bail-in legislation, labour strife, market corrections, negative interest rates, geopolitical uncertainty, economic decline (perhaps even collapse), it seems almost impossible to protect one’s wealth completely without even worrying about everyday calamities that can place financial stress upon an individual and/or family. The following suggestions seem the most likely way to prepare for an uncertain world, and avoid some of the more dire consequences of increasing volatility and possible confiscation by the-powers-that-be (a concern that must be considered as governments become increasingly insolvent).
It’s time to see how various sectors of the “Prepper Investment Model Portfolio” did in the most recent quarter (Feb-Mar-Apr of 2016). I suggested this index of 11 sectors that are often of importance to survivalist types, in an article written at the end of July 2015. Each sector was defined by some publicly available benchmark price, and then weightings adjusted so that the total portfolio added up to $1000. The definitions of the sectors are repeated below in . Note that the Index reviews are one month behind traditional calendar “quarters”.