3 ms·

With the baby boomers planning for retirement, housing over-valued, and land likely in a similar over-valuation (anywhere that's actually useful)... Where exac

With the baby boomers planning for retirement, housing over-valued, and land likely in a similar over-valuation (anywhere that's actually useful)... Where exactly should I be stashing my retirement to last past when the baby boomers? I guess maybe that's why people buy so many guns and such, they have a valuation and will be worth something come revolution or as collectors items...

jressey 7y ago
A percentage equal to your age in long term bonds and the rest in index funds, I strongly recommend Vanguard. It is my opinion that investing in rental property is the best thing you can do. If the the economy tanks, that just means people who had money have to sell their house and rent.
- exolymph 7y ago
  Rental property is fine but it's not hands-off. Probably more risky and error-fraught than is suitable for most people, unless they want a full-on side gig.
  - thrower123 7y ago
    Rental property is a good income stream and investment, but it definitely isn't free money. Things will come up, and you have to be ready to either spend money or put some sweat in to fix problems. And you're on call and have to respond if things go sideways. I mean, just the other day I got a call from one of my tenants, and had to leave dinner to go clean up a squirrel that crawled into the ceiling and died up there... I've been on vacation in Mexico in the middle of February and got the call that the oil burner had quit, and had to scramble from there to get it replaced before the house froze.
- wcoenen 7y ago
  Your first and second sentence seem to contradict each other.
  - mjevans 7y ago
    When I said 'planning' I'm trying to include current plans and revisions to them. My point being that there's a major population bubble to contend with and we haven't really addressed how to handle that (at least in America).
  - jressey 7y ago
    I think that's fair to say. If you wish to incur risk and put some of your savings to work, then I would recommend the rental property game. I think it is the most effective way for a white collar worker to amass wealth in a single working lifetime. You must also take advantage of compounding savings in the market. The mix of these 2 is dependent on the risk the person/couple is willing to incur.
cc439 7y ago
>(O)r as collectors items... Any form of serious gun control is likely to include a grandfathering clause in order to keep it constitutional (beyond simply 2nd amendment issues). A few semi-auto firearms and other assorted "naughty" items like drum magazines are likely to be some of the best investments out there if things continue down the current path. AR-15s were selling for $3k during the AWB years and although the supply is several orders of magnitude greater today, a high quality AR will still appreciate massively in value under a new AWB. There is a large quality gap between the most common ARs (PSA build kits, M&P Sports, etc) and a high end one. In a regulated market with limited supply and bureaucratic hurdles to obtaining licensure, demand shifts to value the highest possible quality. Just look at the firearm suppressor market for example. While they are legal, the effect of a $200 tax stamp and a 6 month waiting period for approval (caused by inefficiency rather than statute) means the market is almost exclusively comprised of ~$700 options designed to last a lifetime as any replacement requires going through the whole process again. If suppressors were regulated like other common firearms-related items, there would be more sub-$30 oil filter adapters than you could shake a stick at. Since that isn't the case, incredibly durable and costly machined titanium and stainless steel rules the day.

jressey 7y ago

A percentage equal to your age in long term bonds and the rest in index funds, I strongly recommend Vanguard. It is my opinion that investing in rental property is the best thing you can do. If the the economy tanks, that just means people who had money have to sell their house and rent.

exolymph 7y ago
Rental property is fine but it's not hands-off. Probably more risky and error-fraught than is suitable for most people, unless they want a full-on side gig.
- thrower123 7y ago
  Rental property is a good income stream and investment, but it definitely isn't free money. Things will come up, and you have to be ready to either spend money or put some sweat in to fix problems. And you're on call and have to respond if things go sideways. I mean, just the other day I got a call from one of my tenants, and had to leave dinner to go clean up a squirrel that crawled into the ceiling and died up there... I've been on vacation in Mexico in the middle of February and got the call that the oil burner had quit, and had to scramble from there to get it replaced before the house froze.
wcoenen 7y ago
Your first and second sentence seem to contradict each other.
- mjevans 7y ago
  When I said 'planning' I'm trying to include current plans and revisions to them. My point being that there's a major population bubble to contend with and we haven't really addressed how to handle that (at least in America).
- jressey 7y ago
  I think that's fair to say. If you wish to incur risk and put some of your savings to work, then I would recommend the rental property game. I think it is the most effective way for a white collar worker to amass wealth in a single working lifetime. You must also take advantage of compounding savings in the market. The mix of these 2 is dependent on the risk the person/couple is willing to incur.

cc439 7y ago

>(O)r as collectors items... Any form of serious gun control is likely to include a grandfathering clause in order to keep it constitutional (beyond simply 2nd amendment issues). A few semi-auto firearms and other assorted "naughty" items like drum magazines are likely to be some of the best investments out there if things continue down the current path. AR-15s were selling for $3k during the AWB years and although the supply is several orders of magnitude greater today, a high quality AR will still appreciate massively in value under a new AWB. There is a large quality gap between the most common ARs (PSA build kits, M&P Sports, etc) and a high end one. In a regulated market with limited supply and bureaucratic hurdles to obtaining licensure, demand shifts to value the highest possible quality. Just look at the firearm suppressor market for example. While they are legal, the effect of a $200 tax stamp and a 6 month waiting period for approval (caused by inefficiency rather than statute) means the market is almost exclusively comprised of ~$700 options designed to last a lifetime as any replacement requires going through the whole process again. If suppressors were regulated like other common firearms-related items, there would be more sub-$30 oil filter adapters than you could shake a stick at. Since that isn't the case, incredibly durable and costly machined titanium and stainless steel rules the day.