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The easiest thing to do would probably be to buy gold, which is not inflationary like money is supposed to be. Of course that's not as good as an index fund, bu
by tormeh 9y ago
The easiest thing to do would probably be to buy gold, which is not inflationary like money is supposed to be. Of course that's not as good as an index fund, but at least it's not cash.
You could also become a loan shark, which can be lucrative, but your illegal status would give your customers leverage against you, which is something you really don't want if this is your retirement savings...
- ant6n 9y agoHere's an idea: selling ETFs as physical documents, or as a sort of cryptocurrency. You could trade with others like cash, except it rises with inflation.
- anigbrowl 9y agoKeeping money under the mattress is a good way to get cleaned out if anyone gets too curious about how such a person saves. Becoming a loan shark is a possibility, I suppose, but puts someone in direct competition with professional criminals and creates a whole new set of existential and legal problems. One low-risk strategy I've heard of being used by cash-savvy people is purchasing food stamps at a discount to their face value. Again, pretty much any kind of black market activity comes with legal risks.