by Newfie » Sun 12 Sep 2021, 22:56:02
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those that get out fast and
convert to real hard assets and tangible resources first will be much better off than those left
holding fiat currency or digital cryptocoins
Lots to wade through in those posts. This particular bit of rant caught my eye and is very relevant to my immediate situation.
We are retired and have a 3 legged stool of income.
Social security
Retirement investments
A small rental property
This rental property has been our “ tangible resource” part of the investment scheme. The problem is twofold; it is NOT passive and there seems to be a housing bubble developing.
We are seriously considering selling the rental because it requires too much hands on management. And we don’t want to be tied into center city Philadelphia. But also it is a seller market, who knows when this housing bubble may break. At 70 years of age it makes no sense to try to ride out a down market. We bought in a slump 30 years and have done well with appreciation. Time to cash out.
But, where to put the money that will both be safe and return a decent profit??? That is the question.
I like the idea of “tangible assets” but finding some that throw off some income seems a bit tricky.
It is a “hood problem” to have, but a problem none the less.
It is one thing to discuss these matters in theory, but when it comes to the hard reality of actual commitments and decisions and investments it is, to me, very foggy.