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> If I have inflation fears, and I think we are in a stock bubble, where should I put my money. Invest in the one thing you have the most control over -- yours
by jdavis703 5y ago
> If I have inflation fears, and I think we are in a stock bubble, where should I put my money.
Invest in the one thing you have the most control over -- yourself. Open or buy a business in a sector that has a clear path to profits (think laundromat, not some tech startup with unknown product market fit). Or get a degree for a new, higher paying career.
Otherwise you'll always be taking a bet on the federal reserve board, or Fortune 500 CEOs or wherever you decide to put your money.
- MisterMower 5y agoHow many new housing units are being built without laundry hookups? A laundromat is a terrible investment. The pool of customers will constantly shrink over time. They’re predatory, too: preying on people who can’t save enough money to buy a used $400 washer and dryer.
- jdavis703 5y agoA laundromat was just an example. There are plenty of urban places where the revenue is going to be fairly stable... Or maybe increase as housing overcrowding increases due to limited apartment construction. I've lived in neighborhoods like this. But you could also consider other commodity businesses like vending machines, cleaning services, corner stores, etc.