My view of wealth and assets specially now - page 3.

Xcode7

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Quote from: bestcoins1 on December 22, 2023, 08:05:18 PM

Quote from: 0t3p0t on December 20, 2023, 11:13:47 AM

If money is not a problem, I will surely invest in precious metals in the form of collectible coins, then real estate and Bitcoin. All of these assets are future proof so it is for me the best choice of investment right now.

Money is not a problem, but for some people they just think that money is a barrier for them to start something really good like some of the things you have mentioned (precious metals, real estate and Bitcoin). However, that doesn't mean that this will be a barrier forever for people who still have the desire to make their dreams come true through these three things because remembering that these three are future investment options that are absolutely not wrong to choose.

Even though it is difficult, not having money is not a reason to start investing for the future, regardless of whatever investment you want to make, but I am sure it can be done as long as you have a strong desire, because all investments can be made on a small scale first.

Personally, at the moment I tend to be more confident in investing because my mind is increasingly open due to the amount of investment knowledge that I know and in my opinion it is better for the assets we have now to turn into something that makes it possible to make a profit rather than remaining motionless even though that will also It's risky, but I think it's worth it.

bestcoins1

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Quote from: 0t3p0t on December 20, 2023, 11:13:47 AM

If money is not a problem, I will surely invest in precious metals in the form of collectible coins, then real estate and Bitcoin. All of these assets are future proof so it is for me the best choice of investment right now.

Money is not a problem, but for some people they just think that money is a barrier for them to start something really good like some of the things you have mentioned (precious metals, real estate and Bitcoin). However, that doesn't mean that this will be a barrier forever for people who still have the desire to make their dreams come true through these three things because remembering that these three are future investment options that are absolutely not wrong to choose.

cozytrade

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Nowadays it has become very difficult to trust the banks of our country. Many banks are already on the verge of bankruptcy. So now people want to keep their wealth to themselves. Gold is very trustworthy to people when it comes to investment to manage their own control. However, compared to other investments, the profit margin in gold is very low. Even though the profit share in gold is less, people prefer to store gold for security of their wealth. But now people are thinking of investing in Bitcoin in the desire of high returns from digital thinking. But I think like banks, investing in Bitcoin involves some risk to your capital.

0t3p0t

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If money is not a problem, I will surely invest in precious metals in the form of collectible coins, then real estate and Bitcoin. All of these assets are future proof so it is for me the best choice of investment right now.

angrybirdy

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Quote from: Mr. Magkaisa on December 20, 2023, 02:46:03 AM

- I agree with what you said that it is not safe to use online banks; many bank holders who have used them have had their accounts robbed of money. So that means it is not really safe, and your money will be at risk there.

Also, the digital currency in this era, especially in digital payments, makes it easier and faster for the transaction to be completed; in short, it becomes more convenient compared to the physical transaction, which usually becomes a hassle.

As we live in digital era, it is very efficient to use digital currency nowadays, like what you've said, most people are currently using digital payments which is more convenient for us but when it comes to a digital currency, we are all aware the risk of it, by being volatile. I agree that sometimes It's not safe and not worth it to save money to banks because of low interest and most cases today are robbed and scammed their banks which shows lack of system privacy, but both bank and crypto has their own risk.

Mr. Magkaisa

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- I agree with what you said that it is not safe to use online banks; many bank holders who have used them have had their accounts robbed of money. So that means it is not really safe, and your money will be at risk there.

Also, the digital currency in this era, especially in digital payments, makes it easier and faster for the transaction to be completed; in short, it becomes more convenient compared to the physical transaction, which usually becomes a hassle.

DubemIfedigbo001

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Let love lead

That something doesn't work for you doesn't mean it doesn't work at all and you shouldn't speak bad against it. Real estate is one of the most profitable investments because land is in fixed supply and land investments appreciates very well if acquired in good and developing site, at my side in Nigeria, my father bought a piece of land in 2007 for two hundred and fifty thousand naira $(230) and he finally sold it off twelve years later at twenty million naira $(20,000) after the place has experienced significant development and population density increased.

Gold is a valuable investment as well as BTC, real estate is still good and more importantly, a good investor spreads his investment into more than 1 profitable ventures to minimize his risks. Investing in all of them isn't a bad idea at all cos they all have good potentials and mostly investing seriously in BTC today has the highest potential because of next year's halving. Everything is good, but a good businessman will choose the very promising investment for now which is BTC, after the halving and possible great gains, he can invest his proceeds on other streams above.

RockBell

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Quote from: Uruhara on December 18, 2023, 06:17:41 AM

The assets that I trust most at the moment are more about Real Estate and Property. Although I don't have many yet. But I would like to have more in the future. Because the price growth is clearly visible from time to time. And sooner or later property will always be needed by people. Considering the human population which continues to grow rapidly at this time. Physical gold is my second choice. Because in terms of storing value, gold is number one compared to others. But way I make storing it, which must always be safe, really difficult for me. the third currently is digital assets such as bitcoin. I chose bitcoin based on the development of the digital world and the technological era which continues to develop rapidly. Sooner or later everyone will adopt it. I believe it. So I accumulate it from now on. I only use banks and fiat in daily transactions and they are still useful today. And everything can coexist in the future.

For a long time, real estate has attracted a lot of attention and people are investing heavily in it. I am surprised, but starting a real estate business costs a lot of money, the model is changing every day, and people are adopting the use of smart houses, which makes it expensive to buy and expensive to maintain. After food, the next most important thing in a man's life is shelter, and the issue of housing has been around for a long time, with the only difference now being that it has always been modernized. And one of the issues confronting every nation today is the issue of housing and poverty, with most houses built being unaffordable, exacerbating or exacerbating the housing crisis, which is a global issue.

And all of the assets you chose are quite interesting. Gold is gold because it is an asset that does not require any form of maintenance and when you are ready to sell it is no big deal and does not cost much compared to starting up a real estate business. Bitcoin is also a good choice, but proper research is always a good one before you go into it.

Oasisman

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Quote from: Parklane777 on December 15, 2023, 12:36:50 PM

I trust btc / gold and cash.
It's too bad many of us experinces a lot banking errors like the online banks don't work and cybercrimes in otherwords our money is not in safe and all those online bank wallets not always working good.
Gold offcourse If you can hold it where good place to storage i trust physical locations

for example London and i can get credit on my gold collateral aswell

I have been using online banking transactions since it was first introduced to the clients, but not even once did I have any troubles using it. I believe you won't be able to encounter any if you know how to the banking app safely. So, your account's safety doesn't only rely on the bank itself, but it is you who will play a huge role in keeping your assets safe. Therefore, I kinda disagree with this one, while agreeing that gold could be a good way of storing your wealth at the same time.

Quote from: Parklane777 on December 15, 2023, 12:36:50 PM

I don't think real estate and property is area of speculation i see real estate as place where to live and good for people to have some place to live as home.
The real estate prices don't make any sense because they are in the DEBT ECONOMY i stay away from debt economy yes you could make good profit but since debt economy bubble can pop it can trigger fast and you might not get out you can lose fast.

I stay away debt and i don't play or speculate things what not backed of any value.
One day all those debt economy gamblers will learn Lesson hard way , yes you can make money like taking the mortgage and then renting out ....but here is the thing it's like a gamble you can win a lot but can lose fast.

I don't understand what you mean by you losing fast when you put your money in real state. Properties don't rot nor stole , the value of it appreciate over time. Sure, business is like gambling, it doesn't always means success, but real state is one of the businesses/investment that bears lesser risks compared to other business models.

boty

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Quote from: Litzki1990 on December 19, 2023, 08:00:12 AM

What I like about you is that you clearly state that you try to stay away from debt. Where as most of the businessmen are burdened with various loans you are planning a business without taking loans, loans are full of money if the money is not paid back on time then the relationship is never good and good relationships are wasted for money. All the small businesses I have seen are saddled with various debts. Big businessmen take loans through banks and small businessmen take loans from different people the position is different but the meaning of the two is the same. In reality there are many businesses you need to make sure which business is right for you and find the right system to make that right business.

If we can avoid debt, of course we can manage the income we have well, but for some entrepreneurs, of course they take loans for their business needs so that they can grow with the additional capital they have and also they understand well the risk management of the loan they will take for their business and they will be able to repay the loan.

Yes, you are right, every entrepreneur will of course take a loan to develop their business and this depends on the business they are running and I don't think there is anyone running their business who doesn't have a loan because it is very difficult to be able to run a business with little capital.

Fortify

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Quote from: Parklane777 on December 15, 2023, 12:36:50 PM

I trust btc / gold and cash.
It's too bad many of us experinces a lot banking errors like the online banks don't work and cybercrimes in otherwords our money is not in safe and all those online bank wallets not always working good.
Gold offcourse If you can hold it where good place to storage i trust physical locations

for example London and i can get credit on my gold collateral aswell

I don't think real estate and property is area of speculation i see real estate as place where to live and good for people to have some place to live as home.
The real estate prices don't make any sense because they are in the DEBT ECONOMY i stay away from debt economy yes you could make good profit but since debt economy bubble can pop it can trigger fast and you might not get out you can lose fast.

I stay away debt and i don't play or speculate things what not backed of any value.
One day all those debt economy gamblers will learn Lesson hard way , yes you can make money like taking the mortgage and then renting out ....but here is the thing it's like a gamble you can win a lot but can lose fast.

Future of money sound money after ETF approved all the way Will finish of funny money but Money will be backed by real assets with limited supply.
So now the countries buying gold and btc , why because they know that debt based economy not sustainble.
I belive future of money Will be backed by BTC and gold and If you want to borrow money you need gold or btc collateral.

Now Im wondering what they will do with all that bonds wich will have maturity on 2026

Im not economic expert i just think people have lost their guard too confident to trust something what does not have solid security.

It's interesting to see posts like these, but the reality is 99%+ of the world are still happily using traditional banking and finance structures that work very well. Your point about "banks don't work" is silly and a blatant lie, because it is what is currently underpinning the world economy, so you seriously misunderstand how things work if you think that is true. There is definitely space for decentralized currencies to replace normal paper based currency, but we are still in the infancy of it right now and it has not quite been mastered yet. You don't need to worry about what people are doing with bonds, because they've been doing it for centuries before you were born and will do so centuries after you are gone.

jrrsparkles

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Quote from: Parklane777 on December 15, 2023, 12:36:50 PM

for example London and i can get credit on my gold collateral aswell

You can cashout gold anywhere in the world, even if it is a place which is yet to see electricity because gold is known to as an assets for humans that much long.

Online banking is made for your convenience and to reduce the resources used by banks so its not meant for as an investment but you can trust banks upto a certain level because the money you deposit is insured so if anything happens you won't lose them 99.9% of the time.

Winterfrost

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Quote from: Parklane777 on December 15, 2023, 12:36:50 PM

I don't think real estate and property is area of speculation i see real estate as place where to live and good for people to have some place to live as home.
The real estate prices don't make any sense because they are in the DEBT ECONOMY i stay away from debt economy yes you could make good profit but since debt economy bubble can pop it can trigger fast and you might not get out you can lose fast.

I stay away debt and i don't play or speculate things what not backed of any value.
One day all those debt economy gamblers will learn Lesson hard way , yes you can make money like taking the mortgage and then renting out ....but here is the thing it's like a gamble you can win a lot but can lose fast.

Now Im wondering what they will do with all that bonds wich will have maturity on 2026

Im not economic expert i just think people have lost their guard too confident to trust something what does not have solid security.

You said your not an economy experts yet you try to sound like one who is convincing and at the same time confusing. Yes, all bitcoin enthusiast trust in bitcoin if not they wont venture into it at the first place. We wished the future of money could be bitcoin and that everything should be done privately without any third party. Still at that we dont want anything that will link bitcoin and the government. I am more comfortabe with the way it is now, ll i want is more adoption am not too conerned about countries making it a legal tender.

The value of bitcoin is fast arising to gold and real estate. With the proof of market capitalization. Currently you cannot say the real estate system is expereincing a debt economy. Even if it is, its just for a short period of time. The ROI in real estate is exponetial. You know what that means and you can be a billionaire in 5 years if you plan your real estate journey properly.

EluguHcman

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There is revolving advantages and disadvantages between the above real estate assets and the Bitcoin including the gold.
Contrarily, assets has a more reliable potential that can always beat the inflation and deflations. It is basically not flexible to volatility such as the gold and the because but yeah, it is potentialed to lost (destroyed/damaged) or looses its values risk at the times of crisis while Bitcoin and the Gold is at under the control of its holder meaning it beats the mayhems of economy crisis could trigger.

Quote from: Parklane777 on December 15, 2023, 12:36:50 PM

I trust btc / gold and cash.
It's too bad many of us experiences a lot banking errors

The worse banking errors to be experienced is when you are denied in the bank with one excuses to the other such as the network issues, insufficient funds at the bank the transactions delays such as the queues, the government at its autonomous objectives that overrules.
The funny side about fiat of the bank is that your own personal money in the bank is never yours untill it gets to your hand. The financial regulatory authorities has a dominion and unquestionable to the general public because the fiat at the bank is under the governments control.
I most times believes inflations is always and alleged program projected to enrich the governments and its related authorities more .

Litzki1990

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What I like about you is that you clearly state that you try to stay away from debt. Where as most of the businessmen are burdened with various loans you are planning a business without taking loans, loans are full of money if the money is not paid back on time then the relationship is never good and good relationships are wasted for money. All the small businesses I have seen are saddled with various debts. Big businessmen take loans through banks and small businessmen take loans from different people the position is different but the meaning of the two is the same. In reality there are many businesses you need to make sure which business is right for you and find the right system to make that right business.

davis196

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So you think that real estate is debt economy, but BTC, gold and fiat currencies aren't a debt economy? Really?
Many investors borrow money to buy BTC or gold. Isn't this debt economy as well?
Fiat currencies are based upon fractional reserve banking, which is debt economy in a nutshell.
Capitalism is based upon loans and debt. Crypto is simply another form of capitalism. You can't take away debt and loans from the crypto industry.
I agree that mortgage loans help for artificially pumping the real estate prices. The problem is that no government in the world has the balls to ban mortgage loans completely. I guess that North Korea is the only exception. Grin

The Sceptical Chymist

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Quote from: btc78 on December 16, 2023, 06:43:31 PM

that is why i think real estate is a good investment you can live in it and pass it down to your children and if they want, they can sell it at some point

Brother, I don't know what country you live in but in the US I rarely see houses or land passed down through generations anymore--and I think that's primarily because the government taxes its citizens to death, and if they're left with real estate when they die, it's actually a burden if any heirs have to pay all the taxes and whatever else comes with taking on a property. My gut tells me only the wealthy own land for more than one or two generations anymore.

It's too bad, because what you said is true. If shit hits the fan (like the power grid goes down or some other catastrophe), having a home and land of your own would be an extremely desirable thing. Oh, and a nice cellar to store all the prepper stuff.

AnonBitCoiner

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Every asset is advantageous if a person is confidential about its saving, gold is also a good asset if it is kept for extensive time same is the case with real estate which when time will progress then it will build up in its value but the main difference between all this asset is the volatility which means that Bitcoin is more volatile as compared to real estate and gold.

The major function of real estate is that there is no doubt about it actuality in future but we don't know that whether Bitcoin will alive or not as many countries have not yet accepted it where as gold and real estate is used for investment purpose from centuries. According to my experience the better way to earn money is to build a house and then give it on rent to others so in such situation if you are not ready to do a job then your rented home will help you to get income during unhealthy situations.

I am agree with the success of Bitcoin but real estate and gold is a understandable by every individual whether he is younger or elder but in our country Bitcoin is still a hidden investment opportunity maybe people are fearful of its volatility or maybe they are the like better real estate more than Bitcoin.

wxa7115

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Quote from: Uruhara on December 18, 2023, 10:08:55 PM

Quote from: Ahli38 on December 18, 2023, 08:55:16 AM

Quote from: Uruhara on December 18, 2023, 06:17:41 AM

The assets that I trust most at the moment are more about Real Estate and Property. Although I don't have many yet. But I would like to have more in the future. Because the price growth is clearly visible from time to time. And sooner or later property will always be needed by people. Considering the human population which continues to grow rapidly at this time. Physical gold is my second choice. Because in terms of storing value, gold is number one compared to others. But way I make storing it, which must always be safe, really difficult for me. the third currently is digital assets such as bitcoin. I chose bitcoin based on the development of the digital world and the technological era which continues to develop rapidly. Sooner or later everyone will adopt it. I believe it. So I accumulate it from now on. I only use banks and fiat in daily transactions and they are still useful today. And everything can coexist in the future.

Of course Real Estate is definitely the most desired thing in this case. But the problem is that not everyone is able to enter this sector. So in reality not many people enter this sector. Unless you are upper middle class. Or if you are in a village some distance from a big city. Because in the Real Estate area it can still be reached by all groups. But in big cities entering Real Estate investment is not very easy. Because it requires large capital.

But we should have a goal there. Because demand for Real Estate will definitely continue to increase from year to year. And the price will continue to rise from year to year. But we can't expect any short-term gains from this one. Because this is only for the long term. And for comfortable and strategic areas far from conflict and war.

But don't let us force ourselves by entering Real Estate with borrowed money. Well it is not recommended because it takes a long time to get profits. I also like Gold as much as OP. But I also don't dare put a lot of my assets in gold. Gold for me is better to save as an emergency fund. Because gold is easy to cash in and everyone is always willing to accept it.

You are right that it is not at all advisable to enter into any long-term investments using borrowed money. Because the loan money must still be paid within the specified time. Meanwhile, long-term investments will not necessarily bring profits when the loan has to be paid. So yeah, we have to avoid borrowing for long-term investments. Not only in Real Estate but also in other long-term investment instruments. Even in bitcoin. And that's why currently more people are investing in bitcoin because it doesn't require large capital. We can even accumulate little by little. Likewise with gold. We can buy little by little. This is different from Real Estate, where you have to immediately prepare large amounts of money. And of course investing can only be done with money that we won't use for a certain period of time.

The issue is that real estate is very expensive and only the rich have the money necessary to buy a property outright, so the majority of the people out there have no other option but to ask for a loan and pay their house for decades.

However if you are responsible with your money and you can save a small amount each month, you could use that money to give extra payments towards your mortgage, and while at the beginning this may not seem to do much, you could end up paying your home much earlier, which is always nice as you will not have to worry about such a huge debt from that moment on.

tottong

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Quote from: Parklane777 on December 15, 2023, 12:36:50 PM

I trust btc / gold and cash.
It's too bad many of us experinces a lot banking errors like the online banks don't work and cybercrimes in otherwords our money is not in safe and all those online bank wallets not always working good.
Gold offcourse If you can hold it where good place to storage i trust physical locations for example London and i can get credit on my gold collateral aswell

Gold has found a place in society long before fiat currencies were created and now gold is still one of the things that is able to maintain value. Banks are trying to offer gold investments with applicable terms and conditions, I mean the amount of trust in gold is still increasing among the wider community at this time. Crime in cyberspace regarding online loans is unavoidable and many people are even trapped by this system and if someone does not have control over their finances then the money will never be productive.

Quote

I don't think real estate and property is area of speculation i see real estate as place where to live and good for people to have some place to live as home.
The real estate prices don't make any sense because they are in the DEBT ECONOMY i stay away from debt economy yes you could make good profit but since debt economy bubble can pop it can trigger fast and you might not get out you can lose fast.

Getting involved in a debt economy will complicate our economy and this should be avoided because indirectly getting involved in unproductive debt will create new problems. Real estate is good for people who have large amounts of money because this sector is also quite promising to double your money from profits. The policy to maintain financial freedom is completely in the hands of each of us, but whoever is able to take advantage of it will be the winner.

Topic: My view of wealth and assets specially now - page 3. (Read 723 times)