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I know some of you are going to say buy bullets but what are you doing to fight the failing dollar? I started just buying silver right away since it holds value as the dollar depreciates.

Like most people should be doing anyways, I'm eating more at home, driving less, and canceling subscriptions.

If you have issues following your money I'd recommend taking cash out, ripping your card up, report it lost and order a new one to start tracking finances.

As for investing I'm not sure what to do at the moment. Kind of just holding little bits of money in the bank until cool things off. It's stupid to BUY THE DIP right now. It's just a bunch of Jews and Chinese bots siphoning your money right now. Things are unsure for the market it hasn't even truly crashed so all those buy the dip people will lose more.

I know some of you are going to say buy bullets but what are you doing to fight the failing dollar? I started just buying silver right away since it holds value as the dollar depreciates. Like most people should be doing anyways, I'm eating more at home, driving less, and canceling subscriptions. If you have issues following your money I'd recommend taking cash out, ripping your card up, report it lost and order a new one to start tracking finances. As for investing I'm not sure what to do at the moment. Kind of just holding little bits of money in the bank until cool things off. It's stupid to BUY THE DIP right now. It's just a bunch of Jews and Chinese bots siphoning your money right now. Things are unsure for the market it hasn't even truly crashed so all those buy the dip people will lose more.

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[–] • 6 pts

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.

[–] [deleted] • 3 pts

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.

[–] • 3 pts

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.

[–] • 2 pts

sounds like a baseball bat will fix those problems.

[–] • 0 pt

How is making a 1000% return on your investment in 5 years "low return"?

[–] • 0 pt

I don't entertain retarded hypothetical in the 1% of the curve.

[–] • 0 pt

My gut says this is a trap.

Normies borrow heavily. Boom jack interest rates to 18% then seize the forfeited homes

[–] [deleted] • 3 pts

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.

[–] • 1 pt

Just don't over leverage.

Plan to pay at much higher rates. Keep capital to debt high

[–] • 1 pt

Boomer tier ignorance.

Those rules only applied when there were rules. Now it's just Blackrock and financial manipulation.

[+] [deleted] • 2 pts
[–] • 1 pt (edited )

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.

[–] • 0 pt

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.

[–] • 1 pt (edited )

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.

[–] [deleted] • 0 pt

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.

[–] • 0 pt

I buy the little singles of booze. Airline bottles. Find a store that sells them at a buck eack.

[–] • 1 pt

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.

[–] • 1 pt

Buying tools, bullets, and other sensible resources.

[–] [deleted] • 0 pt

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.

[–] • 0 pt

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.

[–] [deleted] • 0 pt

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.

[–] • 0 pt

A very useful thread. Lots of ideas, getting things in focus.

[–] • 0 pt

Have been buying gold and silver coins for many years to protect against the ever devaluating fiat currency we are forced to use. On the advice of my Grandfather when I was just a teen telling me not to waste money on useless things, I bought my first coin when gold was a mere 325 dollars an ounce, now its over 1900 dollars. As such, it turns out to have been a very good decision on my part, beating the wealth destroying debt money system. Funny thing, one ounce of gold still buys the same amount of wheat as it did 2000 years ago.

Never invested in the stock market because it is so rigged and manipulated. The stock market is controlled by speculators not real investors. Now the DS is really pushing for a digital currency that you can't put in your pocket or touch, in the fear that a worldwide return to the gold standard could take hold. Their plan is to force everyone to exchange their cash for a digital currency where you can only access it with an electronic gadget that can shut you out if government thinks you are an undesirable that refuses the mark/chip. In other words its a way to steal your cash and control you.

[–] • 0 pt

Im contemplating more water storage, its important here.

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