Fixed income, spending it as soon as I get it on things I know I'll use in the future before inflation gets worse. But I've been doing this for the past few years. Clothes, shoes, boots, work gloves, shelf stable foods, soap, tooth paste, oil and filters for the vehicles, etc... whatever is on sale, or a bargain too good to pass up. I'm descended from long-lived stock and expect another 20-25 years of active life.
Interest rates are historically low and rent is historically high
You can be a good landlord. Provide housing for young white families and make it worth your time. Property is a good investment.
Being a landlord is one of the most unstable positions to be in modern America.
Unelected bureaucrats (like the CDC & WHO) can illegally decide and enforce you to allow your tenants to be rent free, and that's before you get into the nightmare that is tenancy law.
Being a landlord in America is high risk, low return.
sounds like a baseball bat will fix those problems.
How is making a 1000% return on your investment in 5 years "low return"?
I don't entertain retarded hypothetical in the 1% of the curve.
My gut says this is a trap.
Normies borrow heavily. Boom jack interest rates to 18% then seize the forfeited homes
The three rules of real estate investing are: Location, location, location.
I can't be a part of any business venture that compromises my morals. I don't flip and will never be a slumlord. I hate the term "real estate" but it's parlance. I'm good with tools and maintenance and I know how hard it is for this generation to get their shit together and start a family. It's a dream job if you want to be comfortable and don't care about getting rich, which I don't.
Boomer tier ignorance.
Those rules only applied when there were rules. Now it's just Blackrock and financial manipulation.
Just don't over leverage.
Plan to pay at much higher rates. Keep capital to debt high
Fruit trees.
I've been considering buying a scythe and a good ax and crosscut saw. I've got a gun for hunting game and or niggers.
Buying tools, bullets, and other sensible resources.
Most people on Poal/Voat don't have capital or assets. They have debt, and negative net worth.
Those that do have a positive net worth are probably already divested into tangible assets.
The smart ones mix physical assets (land, alcohol, PM's, raw materials, art, etc) and crypto.
The dumb ones are buying stocks & NFT's.
The dumbest ones are buying Nikes.
Etc.
Haha you mean Poal? I use both too but stay away from the strange differences the sites have with each other.
I am not wealthy enough to buy physical assets. Silver, tools, and gear are about all I have for that section. Alcohol as an asset? I hadn't really thought about that one. I hate red wine but I worked in the industry and dealt with thousand-dollar bottles all the time. I should have saved some.
Besides gold and silver, I was wanted to deal with other unknown raw materials that are fun to hold on to, any recommendations? I was thinking about some copper just for the hell of having more assets.
Yeah. Good call. Old habits I guess. RIP Voat.
Alcohol was the #1 asset to either maintain or gain wealth in the Great Depression.
Alcohol always increases in value as everything else falls apart. People drink themselves to death.
I don't know if you heard but they ratified the 21st Amendment and prohibition is over
I still see that as speculative and there are a bunch of folks who view it as a vice.
Might as well invest in porn, right? Everybody fucks, industry is growing, technology focused ... yeah, no.
I buy the little singles of booze. Airline bottles. Find a store that sells them at a buck eack.
A very useful thread. Lots of ideas, getting things in focus.
anyone here from the UK?
I am thinking stockmarket, but dividends. not trading.
a yearly dividend of 4%, which is normal and achievable, would return me roughly two months worth of wages, which is not so bad.
i think its better than home ownership because everything in the uk is a leasehold and I dont know what it means to extend a leasehold and how expensive it is.
I would go with property. Dividends are really only useful for millionaires. It's pretty hard to live off dividends with a couple hundred thousand.
The thing is, that we have this thing called on ISA. Think of it as an account where you can only depostir 20k GBP per year. If in one year you invest this 20k and make a trillion GBP...you pay 0% tax.
If you invest 20k normally and make a trillion GBP...you pay tax.
This ISA, is only 20k GBP.
SO rich or poor...its not easy to have a 300k GBP ISA. You need a minimum of 15 years.
Once you ve had 300k GBP in an ISA...you can buy a house and let it for 15k GBP annually - expenses, taxes, damages, real estate agent.
or ...you can invest it all in the stock market.
4% is pretty average in dividends. And it would translate to 12k GBP. It is pretty much the same, without the hustle or buying a house which again..most likely will be a leasehold. Meaning that you ll have to pay 5k GBP after 20 years to extend the lease.
Beer, hookers, and weed. Almost forgot, snacks.
ive been putting some money into silver, as well. im looking to put more into guns/ammo/gear and of course i need to get one of those big pallets of food that's supposed to feed 2 people for a year
Given how volatile the markets are, I would avoid investing altogether right now. But you can start now to build a cash position that you can access quickly so that when opportunities do present themselves, you are in a position to take advantage of them.
And there is a better way to do that than just socking cash away in a bank account or under your pillow. There exists, today, an asset that is incredibly safe, that is guaranteed to increase in value, that can be accessed tax-free at any time, that grows exponentially (through compound interest) in the long run, and which, at the owner's death, is inherited entirely tax-free by the owner's beneficiaries (so no estate tax applies).
That asset is a properly-structured, dividend-paying, whole life insurance policy from a mutual life insurance company that has consistently paid dividends every single year for at least the last 100 years.
Using whole life insurance as a vehicle to build capital is a strategy that was pioneered by the late R. Nelson Nash and described in his short, 92-page book entitled "Becoming Your Own Banker".
It is a tragedy that this is not common knowledge, because anyone who is insurable (or who has insurable interest in someone else) can start one of these policies and start building capital essentially risk-free.
It's not easy to communicate the power of whole life insurance and there have been decades of propaganda from some less-than-honest folks who recommend that you "buy term and invest the difference", but this is bad advice as term life insurance doesn't even end up paying out in 99% of cases.
If you're interested in discussing this further, let me know. I'm not an insurance agent, just a very enthusiastic policyholder who has been building a cash position inside of whole life insurance for the last several years and who sees the benefits more and more every day.
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