Should I listen to Kiyosaki and just get the big green box of silver eagles?
Do you think that's by design, on purpose or when you get into the "club" it just changes your thinking?It’s either ego or the fact that he’s a crypto-globalist like many former Wall Street bros. Regardless, he’s totally unhinged on Twitter and when it comes to CV19.
I think he is best explained by having many talents and in the social media or media gone wild world, EGO gets the best of some, or will eventually if the ego is too big. That's the case here. The best thing he could do by far is admit that on this topic, he got it wrong. It would show that his character is elevated, which is far more important than being "smart" or a good mental processor of things.
It’s either ego or the fact that he’s a crypto-globalist like many former Wall Street bros. Regardless, he’s totally unhinged on Twitter and when it comes to CV19.
No idea. Doesn't really matter: the fact is he's controlled opposition, despite his facade of being a rebel.Do you think that's by design, on purpose or when you get into the "club" it just changes your thinking?
These facts are alarming, indeed.The guy was born into a wealthy Lebanese political family, and attended a prestigious French school in Lebanon. He went to Wharton and worked at Credit Suisse, BNP Paribas, and First Boston. Nowadays, he supports masks, distancing, vaccines, etc.
Does anyone care to dispute the notion that assets will continue on their rise even when inflation becomes a forefront issue? Would love to hear the argument for or against it from people more knowledgeable on the topic than I am.
If you look to inflationary periods, there are some serious downsides to rental properties. Rent Controls being the most common.
Still real assets are a safe haven. I think if your businesses are tied to things people "need", then you're in the right spot.
Interesting I was not aware of that, I would love to know what the reasoning for that is. I hate my rentals, by far my most annoying investment. I bought them to sell not necessarily as rentals but of course I wasn’t going to leave them empty.
The businesses do provide things people “need” in a sense but also deal with gift type items.
Are we talking more in regards to an economic collapse or inflation?
The issue that you might find with selling is that you'll pay capital gains. As inflation continues, and low rates (money printing) persists, you'll be paying capital gains on inflation. It really stinks.
I considered selling both my rentals and putting the money into a single piece of farm land to basically hold til I die. The rent or profits aren't near the same, but the pain in the arse is much lower, and the intrinsic value I thought was appealing, but I missed the deal and now farm land has flown.
My best guess is some form of stagflation, with high inflation, low interest rates through money printing, and steady pre inflation wages which don't buy as much.
If I sold a property, I'd just buy physical gold with it if I wasn't investing it in another property or a business. It's just hard to find anything that is safe.
Yea I’m going to get bit by that, mind you we’re talking about homes I bought at the height of the recession for joke prices and the area has boomed since so hey if I gotta pay capital gains it is what it is I’m more than making out on them. One of them I’m actually exempt I believe, I lived it in myself for a few years after college.
I would not sell, for exactly the reasons you mention. Unless you want to go YOLO and invest in bitcoin as an inflation hedge. If it's for less stress that's a different story but have a plan on where to park your money.Yea I’m going to get bit by that, mind you we’re talking about homes I bought at the height of the recession for joke prices and the area has boomed since so hey if I gotta pay capital gains it is what it is I’m more than making out on them. One of them I’m actually exempt I believe, I lived it in myself for a few years after college.
That’s exactly what is giving me pause about selling the business, I’m getting a crazy number for what it is but what’s the point if the money just sits in a bank account. This is the first time in my entire adult life on this earth where I don’t have a single feasible business idea or investment in my head because everything is swallowed up. The only thing I can possibly think of is growing weed which is iffy and takes a huge amount of cash for a grey area business, plus I really don’t want to be in that world even as just an investor. I actually do have opportunities to get into more hotels but where as before the people with the connections needed my cash and credit they definitely don’t now so I can only jump in if I’m willing to be an owner operator. I have other businesses to run and I’m relatively young I’m not going to eat up all my opportunity cost for a 10 year investment on a hotel even if it is nothing work.