wow you really sound like you know what your talking about.
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wow you really sound like you know what your talking about.
:yawn:
:wav:
Real estate is the way to go.
Old school.
Eh, not really.
5 minutes with any sort of economic teacher will probably give you the same idea.
Natural resources are always solid, and there's a reason gold is considered a sound investment. It's used in a lot more shit than people realize. The economy might as well function on it. Technically speaking, it does, but that's another story.
As for real estate, it was a really really awesome way to make money provided you invested at the right time 30 years ago, give or take a decade. If you got your hand on the right property and kept it appropriately debt free you stood to make plenty to retire on. See all these old people selling their home to move somewhere warm? There's a reason that happens, and a reason why they can just do that. It's not currently likely you'll see a similar thing, but land is a static commodity. A good pick that was well researched can work out pretty well. Hell some of the most expensive chunks of land in this city were swamps or huge rows of trees a decade or two ago. I'd love to have bought that shit up for nearly nothing way back. With the plans for expansion in this city, I might yet see my opportunity.
No reason to buy locally.
Buy in countries that are doing badly atm.
Lots of bargains around :)
The downside is that most countries tax the everliving fuck out of you for owning international property.
If you live in one that doesn't work that way (or, better still, one that allows you to use this international land as a sort of tax shelter), you're good to go.
In summary, the first step to making a lot of money is knowing the rules of the game you're playing. It's worth noting that the rules are subject to change and may be circumvented with great success in certain cases. Consult a good lawyer for details.
I do deeply enjoy Sim City.
But part of that is my desire to watch millions suffer.
SUPERSADISTIC RAPE!