The people with the kind of vast capital to "play" in real estate think in terms of generational wealth.
So they want others besides themselves to enjoy the fruits of their labor? :hihi: I'm only kidding. I understand what you're saying, but that's definitely not me. First and foremost, I don't have those type of resources. But when I do retire, I just want to live comfortably and have a similar or better lifestyle that I'm currently living, then pass on a decent inheritance to my kids.
When I retire, I want to live decadently at the limit of my wealth and write my last check for my last dollar to the undertaker . . . and it will bounce.
Best thing to do is go by stuff. Houses, cars, boats, guns, TVs, whatever. Run up as much debt as possible. Then, once the treasury bankrupts due to runaway debt, hyper inflation will set in and the value of the dollar will fall to almost nothing. Your debt basically goes to peanuts but you still get to keep all you stuff. Also, once the rioting starts, you can use the guns to protect your houses, boats, and cars.
Also make sure you buy things that you can't use up and that hold value. For example, buying ten kilos of blow is probably a bad idea because you'll snort that sh** up. Pharpe is right, cars, boats, and particularly houses are good. Middle eastern mail order brides depreciate slowly at first but they can pick up speed quickly so be careful there. Major stockpile of weapons is good too. Good luck. Wear a helmet.
Although if you don't do coke, and can hold on to it, then this might not be a bad investment. Cocaine should fetch a handsome price in the new-world black market economy.
I just goggled storing coke out of curiosity and found this. LMAO Storing - Cocaine Storage and Shelf-life - Drugs Forum This just goes to show that you can find a discussion board about anything. Sorry for the high-jack.
It's all going to hell in a handbasket now. Where will this fall end? Are we in for another big one? I have very few stocks so it doesn't matter to me. I'm actually hoping for a buying opportunity. Gold is still going up. Never underestimate the idiocy of policy makers when evaluating investment options. I'm still investing in my business but my IRA's are almost exclusively cash right now. It's a crazy financial world we live in. Are there any financial advisors on the board?
