16 votes

What is the stupidest possible investment right now?

I'd like to know what you think the dumbest possible place to put your money is, where you are practically guaranteed to lose your principal. Whether its Ukrainian real estate or Thai bonds, I'd like to hear it.

And, sure, put down the smartest move with your money while you're at it.

Update: The current leader is timeshares for bad investments.

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Anything your television says

Anything your television says to invest in, maybe excluding Rick Santelli.

Southern Agrarian

Jim Cramer

Jim Cramer

Southern Agrarian

Any stocks, your 401k,

Any stocks, your 401k, anything Cramer says.

Southern Agrarian

All

paper financial instruments.(dollars, bonds, stocks, ETF's etc.)

The government

.

The most powerful Law of Nature is Time. It is finite and we all will run out of it. Use this Law to your advantage, for it offers you infinite possibilities...

Hate to argue with you on

Hate to argue with you on this one especially, but DC has been doing extremely well lately.

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417

If you think investing and profiting in

Death and Tyranny is healthy for your long term outlook then by all means go for it.

Short term gains of paper funny money while sacrificing everything that is good is short sighted to me. What good is paper funny money if all of your freedom is gone?

The most powerful Law of Nature is Time. It is finite and we all will run out of it. Use this Law to your advantage, for it offers you infinite possibilities...

Dick Cheney did it,

and he has done relatively well.

I can argue all day about it being a terrible thing to do, but the margins have been good for Dick and Rummy.

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417

Bonds

Plain and simple.

"Timid men prefer the calm of despotism to the tempestuous sea of liberty."

Click Here To See The Candidates On The Record

Yoga mat

additives for sandwich bread.

Defend Liberty!

michcrow's picture

Watching a tv show???

I would say investing my time in watching a tv show. On the other hand it is an incredibly cheap investment. Of course that's what makes it so insidious. I'm just throwing my time away.....
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although I have to say. There is a little bit of a contradiction here. If the the show makes me laugh, well it's well worth it...so I guess I'm backtracking a bit......

Two shorten the road.

A

savings account:(

Carbon credits?

Cyril's picture

LOL :)

LOL :)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

no kidding - I bought some off-brand hand warmers...

and on the package it says the company is proud to be a purchaser of carbon credits equal to the emissions from the electricity used in their factory.

The warmers didn't work.

Maybe they should spend that money on improving their product instead...

p.s. did you see this? http://www.dailypaul.com/314052/nash-equilibrium-and-why-the...

9-11 was a panda job.

OK I'll bite

The stupidest, Harley Davidson motorcycle, tied with lottery tickets

While I'm at it, the smart move is self sufficiency on your own land

robot999's picture

Why dog HD

and not a new car? If I had to get around during SHTF, I'd probably be better off on a two-wheel vs. a gas guzzling 4-wheel, wouldn't you say?

And lottery tickets I get, but what if you won a million bucks and bought PMs?

"Government is the entertainment division of the military-industrial complex". - Frank Zappa

Not dogging HD, just thought of a very over priced luxury item

that people buy, many with the intent that it's an investment, "they always go up in value". That was true a number of years ago when they limited their supply to less than the demand. Now there is a glut of used HD bikes on the market they can't seem to get rid of.

Land is an excellent investment, they're not making any more of it.

If the SHTF then the

If the SHTF then the motorcycle is only yours if you can keep it.

Cyril's picture

Dunno about the stupidest, but among the coolest, I'd say...

Dunno about the stupidest, but among the coolest, I'd say...

... silver.

Because it's STILL dirt cheap!

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

I was going to say Beanie Babies

But I think Chris has me beat with Potato Sandwiches.

http://www.dailypaul.com/comment/3355752

30 yr U.S. treasury bonds, 20 yr U.S. bonds, and

10 yr U.S. bonds.

Yep.

"Invest" in your own destruction. Even if they weren't sure-fire money losers, they'd still be the worst possible investment.

Recommended reading: The Most Dangerous Superstition, http://www.amazon.com/Most-Dangerous-Superstition-Larken-Ros...

Still not as bad as cash.

At least Tbills make a sad amount of interest.

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417

Dead wrong.

Money loaned to the U.S. Government will be used to threaten your life, liberty and property, those of your fellow citizens, and of people all around the world. That's what makes it the absolute worst investment in the world. If you're okay with that and you'd rather have a few extra paper dollars, there's no kind way to put it; you're an idiot.

Cash slowly loses its value to inflation, but holding it and using it for trade actually enhances your liberty, by giving you privacy from those who would like to monitor your finances and spending habits.

Recommended reading: The Most Dangerous Superstition, http://www.amazon.com/Most-Dangerous-Superstition-Larken-Ros...

That's a little dogmatic for

That's a little dogmatic for me.

Feeding the beast is bad, yes, but 2.7% beats 0%, and your marginal contribution to tyranny would be undetectable, especially considering the Fed is monetizing pretty much all new deficits anyway.

Morally bankrupt? Sure.

Actually worse than stuffing cash in a mattress? Probably not.

Would I buy treasuries? Hell no.

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417

Michael Nystrom's picture

Bananas

They are wasting assets.

A large investment in bananas would likely be the stupidest possible thing you could put your money in right now.

- - -

Well, you asked, and that's the stupidest thing I could come up with.

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.

Fresh fish aren't very good

Fresh fish aren't very good after a couple of days either.

Bananas are a true NIRP

Bananas are a true NIRP currency...

Southern Agrarian

Old bananas

make good banana bread, or you can freeze them...

beephree