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<p>[QUOTE="johnmilton, post: 4820598, member: 101855"]Real estate can make a lot of money for you. I know because I have made a a lot of money from it. I'm not so sure about about owning rental properties when you are a retiree, however. The need to maintain the property is a constant cash drain; if you are the main handy man, that can get tough as you age; and some tennets can be a total pain in the butt.</p><p><br /></p><p>These are hard times for holding on to your nest egg. The government "Modern Monetary Policy" which consists of paying for government spending via sales of the bonds to the Federal Reserve System has resulted in a massive increase in the money supply. I'm told that I am old fashioned, but when I took economics and history in school, theory and past results tell me that hyper inflation is in the offing.</p><p><br /></p><p>An unstable monetary system puts everything at risk. It all depends upon which industries can cope with it the best. Stocks can be good, but which ones? Fixed income vehicles are dangerous. Inflation will eat them up. Gold is supposed to be a hedge against a failing monetary system, but is it a safe buy at over $1,900 and ounce?</p><p><br /></p><p>As you can see, I have as many questions as you have. I’m sticking with the stock market at the moment with some “holding pattern money” in CDs, gold and my coin collection. Will it work? I wish I had the answers.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 4820598, member: 101855"]Real estate can make a lot of money for you. I know because I have made a a lot of money from it. I'm not so sure about about owning rental properties when you are a retiree, however. The need to maintain the property is a constant cash drain; if you are the main handy man, that can get tough as you age; and some tennets can be a total pain in the butt. These are hard times for holding on to your nest egg. The government "Modern Monetary Policy" which consists of paying for government spending via sales of the bonds to the Federal Reserve System has resulted in a massive increase in the money supply. I'm told that I am old fashioned, but when I took economics and history in school, theory and past results tell me that hyper inflation is in the offing. An unstable monetary system puts everything at risk. It all depends upon which industries can cope with it the best. Stocks can be good, but which ones? Fixed income vehicles are dangerous. Inflation will eat them up. Gold is supposed to be a hedge against a failing monetary system, but is it a safe buy at over $1,900 and ounce? As you can see, I have as many questions as you have. I’m sticking with the stock market at the moment with some “holding pattern money” in CDs, gold and my coin collection. Will it work? I wish I had the answers.[/QUOTE]
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