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Although I have only 50K that I want to set to work, I'm facing the same basic question. However, given the current economic climate, I think sound advice is im

Although I have only 50K that I want to set to work, I'm facing the same basic question. However, given the current economic climate, I think sound advice is impossible. The usual safe advice, park it somewhere 'low risk', is virtually useless, as nothing is 'low risk' at the moment. Banks and complete countries are on the verge of collapse, which makes savings accounts, deposits and bonds risky. Something reasonably stable, like gold, also has problems: unless you have the stuff physically in your posession, the investment may turn out to be worthless, as the one that owes you the stuff can't deliver. And should the worst happen, than even gold physically in your possession may be worthless, because: who will take it, when its value is unclear and everyone wants food and fuel? The nutritional value of gold is pretty low.

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starkfist 16y ago
If the world turns into a mad max apocalypse, we're all fucked anyway so why care where your money is? 50K is barely anything, just leave it in a bank account. (or buy a cabin far away from everyone, if you really think society is going to collapse)
- Confusion 16y ago
  I doubt it'll be a fullblown apocalypse, but I think there'll be a period of unrest, after which civilization will soon reestablish itself. If you manage to invest 50K of your money in something tangible that is considered to be of value in that period of unrest, you'll have a much easier time surviving it. For us, 50K is enough to survive for at least three years, without requiring any kind of austerity. I certainly don't call that 'nothing.
  - pwhelan 16y ago
    FDIC insures up to 250k. If you want to park it there -- go ahead. Short term CD ladders (so you always have some money free if you need it but most of it is actively earning interest) seem like a good option as well.
- Tichy 16y ago
  Well for 5M, you might be able to buy a nice farm and some machine guns? Perhaps even pay workers for the farm for a couple of years?

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starkfist 16y ago

If the world turns into a mad max apocalypse, we're all fucked anyway so why care where your money is? 50K is barely anything, just leave it in a bank account. (or buy a cabin far away from everyone, if you really think society is going to collapse)

Confusion 16y ago
I doubt it'll be a fullblown apocalypse, but I think there'll be a period of unrest, after which civilization will soon reestablish itself. If you manage to invest 50K of your money in something tangible that is considered to be of value in that period of unrest, you'll have a much easier time surviving it. For us, 50K is enough to survive for at least three years, without requiring any kind of austerity. I certainly don't call that 'nothing.
- pwhelan 16y ago
  FDIC insures up to 250k. If you want to park it there -- go ahead. Short term CD ladders (so you always have some money free if you need it but most of it is actively earning interest) seem like a good option as well.
Tichy 16y ago
Well for 5M, you might be able to buy a nice farm and some machine guns? Perhaps even pay workers for the farm for a couple of years?