111–120 of 172 posts
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Come back and tell me about dumping all your money into tax-free municipal bonds in two years.
What is the reasoning behind your comment?
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Not when we're in a great worldwide depression. When the US baby boomers, the world's biggest/baddest consumers, are retiring or being too expensive to be hired. When automation/free software have permanently reduced human worker needs. When the developed countries - the ones with trillions of debt and aging population - have willingly given up their factories to the emerging countries, and are desperately searching…
I get sick & tired of all this doom talk about a worldwide depression. It's depressing. If you play it smart then this 'depression' is an opportunity in disguise, more of a correction than a true depression. The 1929 stock market crash set the stage for World War II, and it took until well after World War II before the world had finally recovered from it. That was a depression. The current situation is, compared to t…
And you are telling me we are in a depression now?
If you ask me, the best way to invest the $2 million mentioned in the article in order to retire comfortably would be rental property. Take your $2 million and buy four $500K houses (or eight $250K houses, or whatever's appropriate). Pay an agent to take care of them, or do it yourself, depending on how much involvement you want. That should yield maybe $8,000 a month in rent, which after you've taken care of all the…
Improvement on that is avoid family housing and go for industrial/commercial. You can get a quality property with minimal leverage for your $2million. You will get a blue chip tenant like a national retailer or even a government department, and they'll sign a 10 year lease with mandated, upwards only, CPI-indexed increases each year. You won't even have to fork over 8-10% on a property manager because the tenant will…
As usual, I think diversification if best for a stable portfolio. Mix various types of property, in various locations with various target markets, and then real estate is very sensible investment option.
what's the moral of this story? you most likely, even if you make a good amount of money, will not escape the anxiety associated with money. or, escaping the anxiety associated with money is not accomplished by making money. the idea of fuck you money is for kids. being able to say fuck you to anyone is more about what you've got on the inside than what you've got on the outside.
being able to say fuck you to anyone is more about what you've got on the inside than what you've got on the outside. Sure, but the consequences will be different.
Well I guess that with that reply you missed the whole point of the comment...
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Why don't you just put your money in a global index fund instead? No one forces you Americans to invest your savings in your own country..in fact, that seems like a pretty bad idea in the first place, since this means that when the economy is bad and it is hard to find jobs is the same time it is a very bad idea to take money out of your investments. Seems pretty obvious to me that the American economy as a whole has…
Which country? Europe is worse-off than America, China likely has their own bubble. Japan has been in a funk for 20 years. Russia has recently been cracking down on political freedoms in a worrisome way, there's no guarantee that you'll be able to take your money out once you put it in. Same for many Latin American countries.
Citation and qualification needed (e.g. Switzerland certainly isn't worse off than America).
A very easy solution to this: Go live in a cheaper country. Go now, before the heavily debted countries lock down money transfers (In which case, buy gold/silver)
You never want to be in a race to the bottom.
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Lol. I'd upload my passport but that's silly. Europe is not exactly cheap.
Europe includes such countries as Iceland, Ukraine and Romania
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I get sick & tired of all this doom talk about a worldwide depression. It's depressing. If you play it smart then this 'depression' is an opportunity in disguise, more of a correction than a true depression. The 1929 stock market crash set the stage for World War II, and it took until well after World War II before the world had finally recovered from it. That was a depression. The current situation is, compared to t…
During the depression people lived in shacks made of cardboard, did have any money for clothing or even toilet paper and where in many cases starving. And you are telling me we are in a depression now?