Poll for this week's article topic
PP community —
I’ve got two drafts underway for what could be this Friday’s report (we strive to release a nice, meaty report every Friday).
#1 is on the growing risk of layoffs, and what you should do if you suddenly find yourself victim of one.
#2 focuses on strategies for investing in precious metals mining companies. If we are indeed in a new bull market for PMs (which is increasingly looks like we are), then it’s probable that the miners are poised to explode higher from here. How can you position yourself to take advantage of that coming rocket-ride?
Please take a second and let me know in the Comments section below which one you’re more interested in. I’ll prioritize the winning topic for this Friday’s report.
And in what industry or regions would be nice. Thanks
Layoffs can effect not only the person being laid off but the extended family, community, multiple industries and like a domino there are ripple effects.
Mining stocks, some small fraction I imagine are interested, but I might be surprised. I bought a vehicle once from a gold miner up here and thought he would be better served investing in a Dentist rather than his mining endeavor. Perhaps you should do both!
While I value the opinion of Chris & Adam when it comes to PMs, there is a lot of content out there right now for investing in miners and gold/silver. But, not so much in discussing what to do if you and/or someone in your family/friend circle is laid off.
Thanks for asking for the feedback, gents!
Good on gold/silver investments here. Let’s hear about layoffs this week.
This one is of much more interest to me, thanks for asking.
In fact, I might be more interested in forming a closed, self-sustaining community in a very low- or no- tax situation.
I don’t know how many people can drop everything and go — unless laid off. But I imagine this instead as something to build on — and then as we individually crash one by one, we recover there. I have my thoughts.
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My vote for your article. Thank you!
Perhaps include tips on pre-layoff situational analysis for one’s industry/employer/personal; and post-layoff immediate, short-term, intermediate and long-term strategies to survive and thrive. Also, it might be helpful to include tips that address opportunities and challenges based on different income/resource levels (e.g., little to no retirement fund vs. well-funded IRA/pension fund; active working age vs. retirement age; health and other insurance access (or lack thereof)).
I imagine that the PP community has some experience and insights to share–whether via the comment section or incorporated into the content through prior submission. (We could pm our information to you, Adam, if interested and helpful.)
Lastly, given the scope of the topic, it might be useful to develop this as a part 1 and 2 article. This approach might give more time to solicit and incorporate PP member submissions.
Just my two cents worth…. 🙂