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Right now the two alternatives are PHYSICAL gold(massively undervalued) and BTC. ECB won't really increase interest rates as the last time they did it (11 years
by luciusdomitius 5y ago
Right now the two alternatives are PHYSICAL gold(massively undervalued) and BTC. ECB won't really increase interest rates as the last time they did it (11 years ago) half of Southern Eurozone almost went bankrupt. Out of the stock market - probably energy and defense stocks. Also food production and commodities.
To be honest I am seriously considering a move to say South America. Even if we don't end up in a hot war, the persepectives for freedom in Europe are very bleak.
- dlkf 5y ago> To be honest I am seriously considering a move to say South America. Even if we don't end up in a hot war, the persepectives for freedom in Europe are very bleak. Good example of cheap talk / revealed preferences. Don't bother with this comment until you have actually moved.
- luciusdomitius 5y agoCould you provide some arguments instead of derogatory qualifiers? Also, how do I report posts that go against the rules?
- glutamate 5y agoGold and BTC are not suitable for emergency funds: liquidty, low volatilty and easy access is what you are looking for.
- luciusdomitius 5y agoIn a highly inflationary environment, low volatility simply means you get burned. OP is asking how to avoid exactly this.
- unmole 5y agoHaving emergency funds in highly volatile assets simply means you get rekt in an emergency.
- luciusdomitius 5y agoAlright, let's look at historical data - who was more successful at fleeing Nazi Germany? The ones who had jewelry in their pockets, or the ones holding a fat bag of reichsmarken? It is THIS obvious.
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- bb123 5y agoAn emergency fund is for paying your mortgage if you lose your job, or settling a large car repair bill. No one here is seriously asking how to protect their investments while fleeing on foot from a genocidal regime in total war.
- Adrox 5y agoYeah in South America you are much more free to get robbed or murdered. (I'm talking about Brazil, Argentina, Colombia, not sure what's your preferred country).
- luciusdomitius 5y agoIf you can handle a gun, it is much easier to defend yourself against a bunch of robbers, than the entire state apparatus.
- david38 5y agoSpoken like someone who has never done so. Do as you say and you’ll find yourself the target of a gang retaliation. You plan on packing automatic weapons? You going to kill ten people? Even if you do it in self defense, you’ll get killed in jail while awaiting trial.
- acme_ 5y agoDo not put your emergency fund into btc. Emergency fund should be approx 6 months salary, both easily accessible AND reliable. With the amount of apps refusing to serve customers money and crypto nutjobs manipulating the market, BTC is neither. I'm in the UK, so I have a 50/50 split between a regular bank account and premium bonds. Once I hit that 6 month salary between the two, it's a split (80/20 as I'm younger and more risk tolerant) of whatever I have leftover every month between a global index fund, and UK GILTs. Simple, no worries, and basically everything I've seen reccomended since the 1950's.
- bb123 5y agoDon’t put your emergency fund in gold and BTC. It needs to be liquid (I.e same day available) and predictable.
- sofixa 5y agoWhich country in South America has better and more stable economic prospects than the EU? A few of them have very serious structural issues, high inflation, dependency on specific economic sectors or unsustainable agriculture, and there were even defaults not that long ago. Also, many of them have serious problems with crime. Depending on what freedom means for you, and the importance of economic stability, i don't think South America is a good idea.