Current pensions

[Glycomann]

The direction that current pension funds as well as the monetary policy seems to be headed it seems that some move should be made soon if we are going to save at least some of the value of our funds.Thinking about gold?? silver?? Anyone??

 

[Fletcher]

I dont think any financial instrument is going to survive the WEF's "Great Reset" they want everyone on CBDC universal income tied to social credit score by 2030.
Metals might be a temp hedge against the "Force Majuer" robbery they have planned to decimate everyone.
Im purely invested in hard assets I can hold.
Basic needs.

Lets say economic crash, dollar at near zero, crypto crushed etc...
You wanna be that one guy out of 100,000 trying to take physical gold to the grocery store and trade it for food thru a sea of desperate hungry psychotics?

Or be a guy with 10 years of food already in the house and the defensive tools to protect it?
Prep for the worst, survive the worst.

If you go with metals, go physical bc those certificates will be worth jack-shit like everything else.

 

[Glycomann]

I dont think any financial instrument is going to survive the WEF's "Great Reset" they want everyone on CBDC universal income tied to social credit score by 2030.
Metals might be a temp hedge against the "Force Majuer" robbery they have planned to decimate everyone.
Im purely invested in hard assets I can hold.
Basic needs.

Lets say economic crash, dollar at near zero, crypto crushed etc...
You wanna be that one guy out of 100,000 trying to take physical gold to the grocery store and trade it for food thru a sea of desperate hungry psychotics?

Or be a guy with 10 years of food already in the house and the defensive tools to protect it?
Prep for the worst, survive the worst.

If you go with metals, go physical bc those certificates will be worth jack-shit like everything else.

I have the food covered. Also aware of the gaming of the COMEX. I'm concered with my retirement that has dropped 80k through this shit show. Putting it into physical gold and silver seems the only option. Then it is a matter of holding it until the show changes chapters, hopefully, and these criminals fail followed by institution of a true value system. I just don't see how these fools can institute a real slave system that lasts for more than 10 years. What's the downside of holding metals? Robbery and the inability to exercise it's value in a captured system. The alternative is to let it go to zero as the world currencies go to zero. Then there is no claiming of it's current value. With the central banks around the world doing QE in the midst of a huge economic contraction I just can't see a way where the world currencies of the West don't all fail. i see it happening in Europe in a matter of months and the rest will follow.

 

[Altenator_6]

I have suffered a similar loss this year..... as I'm sure many have. As Fletcher mentioned above..... "Hard Assets" And for me that is Real Estate investment properties. It is something I've wanted to do for 25 years now, and I have procrastinated. But now is my time. My wife and I have agreed that we are going to do our best to purchase 2 properties per year for as many years as possible going forward. With interest rates increasing, a lot of folks will struggle to actually buy homes. So renters will increase. Find a good area with good school district, low crime, and fair median annual salaries. Purchase or build small (1200 sq. ft.) 3 bed/2 bath homes and get good tenants living in them. The value of the home will increase over the years, and someone else will be paying your mortgages. Real Estate has always been the best way to invest your money. There are literally HUNDREDS of tax benefits as well. So you will actually pay WAAAAY less taxes once you know how to play the game.

 

[Milford King]

I have suffered a similar loss this year..... as I'm sure many have. As Fletcher mentioned above..... "Hard Assets" And for me that is Real Estate investment properties. It is something I've wanted to do for 25 years now, and I have procrastinated. But now is my time. My wife and I have agreed that we are going to do our best to purchase 2 properties per year for as many years as possible going forward. With interest rates increasing, a lot of folks will struggle to actually buy homes. So renters will increase. Find a good area with good school district, low crime, and fair median annual salaries. Purchase or build small (1200 sq. ft.) 3 bed/2 bath homes and get good tenants living in them. The value of the home will increase over the years, and someone else will be paying your mortgages. Real Estate has always been the best way to invest your money. There are literally HUNDREDS of tax benefits as well. So you will actually pay WAAAAY less taxes once you know how to play the game.

This is the game I’ve been looking to get into. The overhead capital is the biggest obstacle, of course.

Good luck bro! Hope it pans out for ya.

 

[Glycomann]

I'm a little concerned about real estate. It's gamed as far as I can tell. the taxes you pay when selling is pretty high. Plus with an economic crash I'm not sure about the property taxes. municipalities are going to be hard up for revenue. you could have the property paid off but crushed in taxes and lose the property. Still you have a good point. It's more difficult to steal real estate than a stash of precious metals. Still the bankers are master criminals with the power of Congress behind them. Same with corrupt municipalities.

 

[Altenator_6]

The overhead capital is the biggest obstacle, of course.

Yes..... which is partially the reason for the 25 year procrastination I mentioned. But I've been very disciplined for several years now and I think I can get in now. Im actually looking at buying 6.5 acres (close to home here) and developing it. 20% down on the land and then 20% down on each house. I am in position to buy the land and build one house right now. Once the first house either flips for 20-40K profit, or I get a good tenant renting, I will be able to build the second house.....and so on. It may take me a few years to fully develop the whole 6.5 acres, but I am a determined SOB. I'm thinking 12 houses in total once its completely developed.

 

[Altenator_6]

the taxes you pay when selling is pretty high.

There are several ways around the capitol gains tax. The 1031 exchange is the most commonly used. (Basically reinvest your profit within a specific time frame and DEFER the tax). Most experienced real estate investors will just continue deferring forever basically. In other words, just keep rolling the profit over into the next property. The way they actually put $$$ in their pockets is by borrowing against the equity in the homes. Which is considered a "Loan". And loans are tax free! So while you and I go out and bust our ass working for somebody else and then give 28% away in taxes..... the rich (or smart) own appreciating assets that they can borrow from TAX FREE! The rabbit hole runs much deeper than this, but this is the very basic idea.

 

[Augustine5I]

Yes..... which is partially the reason for the 25 year procrastination I mentioned. But I've been very disciplined for several years now and I think I can get in now. Im actually looking at buying 6.5 acres (close to home here) and developing it. 20% down on the land and then 20% down on each house. I am in position to buy the land and build one house right now. Once the first house either flips for 20-40K profit, or I get a good tenant renting, I will be able to build the second house.....and so on. It may take me a few years to fully develop the whole 6.5 acres, but I am a determined SOB. I'm thinking 12 houses in total once its completely developed.

So much risk.

If everything goes to shit, even a good renter won’t be able to pay his rent when he loses his job.

I know ppl who have lost so much Bc of tenets that can’t pay.

If I was guaranteed a tenant that paid on time for 10 years or more, I would be all over real estate investments.

But I would lose my ass if I had to pay my expenses and the extra mortgage payment.

And tenants know the laws. Can be a long time to get them out. And the damage they create to the home?? Yikes.

I am down 300k this year in 401k.

Market has always come back. Bc ppl love money. Making money. And ppl have made a ton in the market. Even some make money when it drops.

So some investors hope it go down. And scare ppl Bc it makes them money.

The midterm elections will see things change.

Biden is unstable. Ppl are nervous with him at the helm.

Luckily I can wait out the market for two years.

 

[Altenator_6]

I agree that there are some risks in real estate..... but so is true with every other investment. And yes, I have time to see my 401K rebound as well. Which I know it will as you mentioned. But real estate is a tried and true method brother. There are way more winners than there are losers in the real estate game. You have to choose your market wisely and be prepared to deal with the extra mortgage payment. And that risk will lessen the more properties you own. When you only own say 1-5 a vacancy can be costly. But once you get beyond that.... 6, 7, 8... and so on, your cash flow from those properties will cover your vacancy.

 

[Syntha Claus]

My pension is based nearly 75% on real estate in the 8th richest county in the USA. Even in a very down market, it exceeds greatly the actual investment. With all of the pensions being paid out, it still barely scratches the surface of the holding.… if one is to believe the annual report.
In the past two years the portfolio has nearly tripled.

 

[Fletcher]

I have the food covered. Also aware of the gaming of the COMEX. I'm concered with my retirement that has dropped 80k through this shit show. Putting it into physical gold and silver seems the only option. Then it is a matter of holding it until the show changes chapters, hopefully, and these criminals fail followed by institution of a true value system. I just don't see how these fools can institute a real slave system that lasts for more than 10 years. What's the downside of holding metals? Robbery and the inability to exercise it's value in a captured system. The alternative is to let it go to zero as the world currencies go to zero. Then there is no claiming of it's current value. With the central banks around the world doing QE in the midst of a huge economic contraction I just can't see a way where the world currencies of the West don't all fail. i see it happening in Europe in a matter of months and the rest will follow.

Agreed.