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Ask HN: How to Grow My Money?

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Re: Ask HN: How to Grow My Money?

#11

Post by whateveracct »

Trias11 wrote: post #6

Don't keep savings in US cash. This thing is quickly being driven to the edge of the cliff. I'd stay out of US securities at all for that matter. Dems are ramping us their game to tax people like you to death, so better keep your hard-earned savings out of their hands. Assume value of USD goes down a lot and possibly soon and likely whole US economy, hence plan for it. I'd suggest international real estate and crypto…

only on HN would the top advice for this type of question be "prepare for the downfall of the United States economy"

Re: Ask HN: How to Grow My Money?

#12

Post by drekipus »

whateveracct wrote: post #11
Trias11 wrote: post #6

Don't keep savings in US cash. This thing is quickly being driven to the edge of the cliff. I'd stay out of US securities at all for that matter. Dems are ramping us their game to tax people like you to death, so better keep your hard-earned savings out of their hands. Assume value of USD goes down a lot and possibly soon and likely whole US economy, hence plan for it. I'd suggest international real estate and crypto…

only on HN would the top advice for this type of question be "prepare for the downfall of the United States economy"

It's written in other places as well

Re: Ask HN: How to Grow My Money?

#13

Post by lucas03 »

Even after reading bunch of suggestions from fellow hackers, I would still focus on your view of the world and what assets have value to you.

My main core would be real estate and stocks. I find them safe, real estate more than stocks. Though stocks are connected to products that produce value. For retirement maybe DGI might be interesting.

then probably gold, diamonds, etc -> to store value, not to expect huge gains

p2p lending -> can do ~10% annually, but it's risky.

crypto - risky bet, as you are in software, small % might make sense. Choose the coin that makes most sense to you as a software developer

Re: Ask HN: How to Grow My Money?

#14

Post by purebullshit »

Trias11 wrote: post #6

Don't keep savings in US cash. This thing is quickly being driven to the edge of the cliff. I'd stay out of US securities at all for that matter. Dems are ramping us their game to tax people like you to death, so better keep your hard-earned savings out of their hands. Assume value of USD goes down a lot and possibly soon and likely whole US economy, hence plan for it. I'd suggest international real estate and crypto…

This is pure bullshit. US goes down etc are dreams. Such tales are being told by people for years who want to market alternative speculative systems. If US crash, it will take the whole world down with it too.

Many countries are depends on USD. Sometimes you have to keep savings in cash when all available investments are overvalued.

US treasuries are amazing right now, even Buffet put lot of money on them.

Anyway, I suggest the OP to get a financial advisor. HN is not the place to ask financial advice.

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