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I am by no means financially illiterate but i genuinely don't know what do do to protect the money.

Stocks? Valuations are ridiculous. I already feel overleveraged in equities with 70% net worth in my mid 20's.

Bonds? Fed wants to raise rates by 2023

Land? Lmao good luck getting a fair buyers price.

Gold and silver? I have a stack already and am looking to diversify to keep the purchasing power to buy land out west.

Crypto? No thanks. I bought eth at 10$ and sold at $800. I swore i would never touch crypto again and make the issac newton investing mistake.

Any one have some secret jewish loophole I can stash my cash to protect against the nonsense? I'm literally sticking the money into a savings account getting like 15 basis points.

I am by no means financially illiterate but i genuinely don't know what do do to protect the money. Stocks? Valuations are ridiculous. I already feel overleveraged in equities with 70% net worth in my mid 20's. Bonds? Fed wants to raise rates by 2023 Land? Lmao good luck getting a fair buyers price. Gold and silver? I have a stack already and am looking to diversify to keep the purchasing power to buy land out west. Crypto? No thanks. I bought eth at 10$ and sold at $800. I swore i would never touch crypto again and make the issac newton investing mistake. Any one have some secret jewish loophole I can stash my cash to protect against the nonsense? I'm literally sticking the money into a savings account getting like 15 basis points.

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[–] • 1 pt

I have relatives that rented, pretty much everyone in my family did at some point and they are all glad to be out of it. Never had a nig tenant either, that's a given for trouble. Due to covid the tenants could literally have said fuck off when it comes to paying rent, luckly that didn't happen. But the stress of being in that situation...

Now is an amazing time to sell those properties too, what people are paying is mind-boggling.

[–] [deleted] • 0 pt

Pretty much the same boat. I've seriously considered dumping the rentals we have, but these were mostly bought during the last downturn and the spice flow from them is stellar and we are looking at winding down and fucking off to the mountains at some point, and some rentals all in one spot and hour or two away isn't too bad of a retirement gig.

The main issue a lot of people have when they try out the rental gig is that they are expecting to just buy the house and kick back and cash checks, and it just doesn't work that way. Lot's of work and BS like shithead tenants and now the spectre of Commie Gubment fucking you to deal with. And of course, most people who try to do it leverage themselves to do so, and their potential profit margin is teetering on being in the red, and eventually most get screwed when they have a dry spell of tenants and lose their asses. It's OK as long as you look at it as a job. Sucks less than a lot of others. And the other thing is the "Way to turn Cash into a steady income vs Leverage to speculate on property and have renters pay the mortgage while you wait" are vastly different.

[–] • 1 pt

It's great if you're a contractor with your own business, or at the very least your handy. Drive around and build decks, install windows, etc., and one of the stops is fixing whatever your tenant is complaining about. Not a big deal.

If you can't do that and your paying someone else to fix a cracked bathroom tile...man I just couldn't imagine getting anywhere.

I ended up trading everything for land, but it was just because I wanted to live in the woods and people kept trying to move next to me, so I bought them all out. I guess I made the right decision for the wrong reasons. But I am also sitting on cash like OP, so I may trade a little here and there. IEP is paying $8 dividends per share, for $57 a share.