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Invest in 'Real' things: Physical things you can see or touch. So: wads of cash (joke)*, commodities like copper, silver, gold, oil, houses, etc that appreciat
by simonblack 3y ago
Invest in 'Real' things: Physical things you can see or touch.
So: wads of cash (joke)*, commodities like copper, silver, gold, oil, houses, etc that appreciate and do not depreciate. A depreciating asset like a car is NOT an investment.
If you control that physical thing yourself, it is yours. Otherwise it isn't yours.
You can invest in the stock market, but the idea there is to obtain an ongoing return. Investing in stock market prices (aka 'trading') is merely glorified gambling.
If you are looking at numbers in a computer, such as stock prices, crypto, forex trading, etc. be aware that those numbers can be changed at the whim of some other person or company or government and you have no comeback at all.
If you can't physically control something like (say) diamonds in a Bank's safety deposit box, you don't own it, they do. And they can take that away from you whenever they feel like doing so.
* There's an old joke that you should keep your money safe under the bed and not in one of those risky Banks. Like all jokes, there's a good measure of truth in that. Read up on the Cyprus 'bail-in' back in 2013 when depositors' money was confiscated.
- quickthrower2 3y agoThe point at which physical custody matters is probably the point at which society bas severely broken down. Commodities for long term investment is way more speculative than a global index investment across stocks, realestate etc. Real estate makes sense mostly for tax reasons and leverage.