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Wait for the next crash and then buy up stocks and rental properties (apartment buildings) at a discount. See 2008 for reference. While you are waiting for the
by onelastjob 6y ago
Wait for the next crash and then buy up stocks and rental properties (apartment buildings) at a discount. See 2008 for reference. While you are waiting for the crash, you could put some of your cash into gold, which will do well when the US economy crashes.
- hedora 6y agoI did that from 2008 to 2014 (but I didn’t buy gold). It worked out terribly. I should have parked it in a diversified portfolio. Instead, housing and equity prices inflated, and I lost a ton of potential gains. Buying gold during the crisis would have made it even worse: https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart https://www.macrotrends.net/1333/historical-gold-prices-100-... If you must buy gold, it’s best to buy some when the stock market is booming. If you bought gold in 2011 or 1980, your current return would be 0%. It would have been very negative last year.
- onelastjob 6y agoI don't follow. My advice is that OP sit on their cash until the next crash happens. Then they should buy up stock and rental property. Before the crash, if they don't want to keep everything in cash, they could buy some gold which tends to increase in value right after a crash. The crash that started in 2008 bottomed out in March 2009 when the DJI fell to 7000. That would have been the time to buy stocks. By Nov. 2013 the DJI was up to about 14,000. As for gold, it was at $864/oz around Sept. 2008 which was a few months before the crash. By August 2011, gold was at $1819/oz.