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If it isn't property, it isn't investment. Blaat is become Landlord, destroyer of proles.
Ethel mermania and Soldati senza confini
What an old fashioned way of thinking of investment.
*makes note * do not take financial advice from the anarchist.
Ethel mermania, The grim reaper, and Soldati senza confini
My father's spent literally over a decade trying to ensure I don't repeat his 'mistake' - which was investing in stocks instead of property during the recovery of the '97 Asian recession, while we lived in Singapore. I've pointed out to him that property isn't exactly a safe bet, but his housing portfolio is pretty consistently performing, so we're at an impasse on that debate.
As far as I'm concerned, it's a moot point, because housing prices in Melbourne grow faster than my income will, and if I move back to Sri Lanka I can buy a house for less than the average penny stock.
So I've settled for burning money in increasingly more carefully staged public art performances. Consider it an investment of time.
The Blaatschapen, Ethel mermania, and Soldati senza confini
Me and my dad have come to the conclusion that tangible goods such as real-estate and precious metals are better than non-tangible goods if the need to invest in value is great.
In an economic collapse (worst case scenario), you can still trade a roof over someone else's head and precious metals for something. You can't really do the same with stocks.
Ethel mermania and The grim reaper
I don't as a rule plan for economic collapse - chances are no-one is really going to care who owns said property if you're in a case where stocks have become literally worthless.
I agree in the sense that specific stocks can just go poof overnight. Property has its dips but barring serious policy failures, it doesn't tend to disappear. And you can take insurance out on it.
Developed property in the west is just too risky for my tastes. Land parcels in Asia, I'll bite as soon as I can dig up the money and navigate the domestic politics situations, though. It's still high-risk/high-reward, but Asian property has the benefit of not needing as much cash to start up - with Western developments, the average first-time investor has to have a whole portfolio of one multi-million townhouse deed with a mortgage that'll sooner kill you than let you pay it off if the rental market balks for a month or two.
Oh, agreed on the worst-case part. Reality tends to be funny that way. But my dad always uses that as a barometer, and is fun to entertain :p
But, yes, that's the gist of it, on the second point. Property doesn't disappear overnight. Stocks can, though. It's pretty much gambling with your money, in my opinion.
As for investing in developed property? Pft. This is why you invest in property in developing countries if you're an immigrant from any given developing country. You already know the market and is much cheaper ;)
I'm not touching the Sri Lankan market until I can afford a local lawyer on retainer, I pull the trigger on moving back, or if an untimely accident means I inherit the Sri Lankan property the family already owns much earlier than I'd like.
But once one of those conditions returns true? It's on like Donkey Kong.
Things are on the up-and-up just as soon as the current government gets properly threshed of the hanger-on warhawks in another election or two. I fully intend to make the best of a bad situation I was never really involved in because we could afford to leave and go to fancy international private schools but still I like money in ways that are improper for an anarchist, please donate generously to the Grim Planned Community Town.
Ethel mermania and Soldati senza confini
Post self-deleted by Soldati senza confini.
As old-fashioned as it might be, it's the most idiot-proof sort of investment out there.
You can be conned into buying sh!t metaphorically. You can't be conned into buying literal sh!t unless you have a fetish.
Ethel mermania and The grim reaper
Ketchup.
Economy collapses, invest in condiments and staples, poorfolk.
Gold of course being a constant desire, but people always want dip for their fries and you won't have to sit on it.
Also: IT'S A SMALL WORLD AFTER ALL, IT'S A SMALL WORLD AFTER ALL.
Ethel mermania, The grim reaper, and Soldati senza confini
You might as well invest in potatoes, and oil.
I'll invest in sheep. They supply wool, milk and meat. Best animal.
Ethel mermania, Gallade, and Soldati senza confini
You already have violet, blaats sheep Empire has begun!
The Blaatschapen, Gallade, and Soldati senza confini
When you wake up early, but nap around 10 hours only to wake up at 17 and then go into a cleaning frenzy, just to end up feeling beat by 21 hours... kids, learn from Nana. Don't do everything in just one day. You'll end up feeling flat like a pancake. And just as empty nutritionally. 😂🐙
Ethel mermania and Soldati senza confini
Pinkie And The Brain is the good sh*t.
Ethel mermania and Soldati senza confini
Animaniacs is on Netflix. I have been binging on it.
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