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2011
What is the best way to invest for a Global Financial Collapse?
Let's say you have $100,000
you have reason to believe anywhere from 2017-2019 the entire financial
system is gonna spiral into complete chaos...
Where are you gonna wish your money was invested?
Serious question.
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2011
Re: What is the best way to invest for a Global Financial Collapse?
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XXL
Re: What is the best way to invest for a Global Financial Collapse?
If everyone is doing something
Don't do that
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2011
Re: What is the best way to invest for a Global Financial Collapse?
And let me say this:
leaving War, Terrorism, Natural Disasters out of the equation...
the dust will settle once again in 21' or 22'
But all signs suggest that 2020 will not be very prosperous.
So I'd like to have my money invested in something that is
not only 'recession-proof'... but also 'depression-proof'
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2011
Re: What is the best way to invest for a Global Financial Collapse?
Does anybody know anything about currency trading?
http://www.marketwatch.com/story/chi...-right-reasons
China's gold buy raises eyebrows for all the right reasons
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National High School Star
Re: What is the best way to invest for a Global Financial Collapse?
Originally Posted by Doomsday Dallas
FX Trading is hard as **** unless you have a LOT of experience in prop shops
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Re: What is the best way to invest for a Global Financial Collapse?
Originally Posted by Doomsday Dallas
The best investment during the go round was to get into cash by say end of 2008 and then go into the stock market a few months later.
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Re: What is the best way to invest for a Global Financial Collapse?
long out-of-money put options
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Re: What is the best way to invest for a Global Financial Collapse?
Gold. Always gold. Especially with situation in Middle East.
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NBA Legend
Re: What is the best way to invest for a Global Financial Collapse?
Yout best bet in that situation is to have been a poor but self-sustaining individual who lived off the land and his own ability to work it from the start.
IE, invest in learning how to be an arctic circle reindeer herdsman. Then you wouldn't bat an eye at global economic collapse.
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Good college starter
Re: What is the best way to invest for a Global Financial Collapse?
Has nothing to do with "global financial collapse", but with your money, I'd say do what I did, invest in real estate. More specifically invest in something that enables you to retire youngish. I bought an apartment complex with 5 units. I moved 4 families in on a monthly rate and kept the best unit empty for me to use whenever and however long I want. I live in La Crescenta CA, but I've been staying at the apartment for the last 2 months in Bishop CA because I'm house hunting in Nevada....and fishing season starts on the 30th. I'll probably be here another month at least.
When I buy the house in Nevada, the empty unit is getting rented out for an additional $800 a month and I'm transforming the garage into a loft (around 20k to do) so I can still have somewhere to sleep if I need to come down and crack heads.
When that happens, I make a total of 3200 a month of rent. Out of that I pay myself 1,350 a month. The rest pays utilities or is saved for insurance and property taxes (or when something breaks, like pipes in the winter).
It's not some master plan for when the economy collapses, but people will always need somewhere to live. I turn 31 in September, and I don't have to work a normal job if I don't want to (I have, there's only so much TV you can watch b4 you get bored). With a 100k you might be able to find an investment property, unless you're in California. If you're in Cali, you probably need 200k to start off or find an investor.
In 5 years I'm buying a cabin in Bridgeport CA, up by Annett's Mono Village campgrounds. It's a popular tourist destination in the summer months for its fishing on the Twin Lakes. A comparable cabin rents out for $190 a night with a $500 deposit (to repair any damages and cleaning costs if they **** it up). The 500 will be returned if it's clean when they leave. Mandatory 7 day stay in the prime months (Memorial Day through Labor Day). The rental season starts in April and ends at the end of October, so 7 months. In those 7 months, I estimate they make roughly 40 grand a year ($37,240). Then you have 5 months to **** off and do whatever the hell you want. I'm all over that.
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NBA lottery pick
Re: What is the best way to invest for a Global Financial Collapse?
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College star
Re: What is the best way to invest for a Global Financial Collapse?
Invest in a volatility index like VIX. Or if you want to make more at more risk, try TVIX. Volatility spikes in the market when things are going south, causing these ETN's to multiply. Easy money if you get in at the right time, like I plan to.
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NBA Legend
Re: What is the best way to invest for a Global Financial Collapse?
I will invest it Microsoft because their stocks are going up for now and will be for at least until November.
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NBA Superstar
Re: What is the best way to invest for a Global Financial Collapse?
Originally Posted by Overdrive
Heinz cans.
Decent pick
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