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Buy real estate - the general public is too heavily invested in that unproductive sector of the economy. Concrete gold dropping in value is a political impossib
by HarryHirsch 4y ago
Buy real estate - the general public is too heavily invested in that unproductive sector of the economy. Concrete gold dropping in value is a political impossibility. (That fact also explains why the US is so screwed.)
- anovikov 4y agoIt could be a good hedge... but not main investment. Real estate always loses against stocks even mid-term let alone long term. It is also a viable asset class only for billionaires because for everyone else, a particular house bought makes too high a fraction of their portfolio (it's like keeping all your money in only a few stocks, called stock picking, and is not advisable).
- HarryHirsch 4y agoit's like keeping all your money in only a few stocks, called stock picking, and is not advisable That's the other cause of the general fuckedness - algorithmic investment. No one has skin in the game any longer, long-term investment is no longer a possibility.