Dilemma of our times

[Rolando]

If you really want to diversify your portfolio and stabilize your income potential you should buy rental property. If you buy property that lower income people can afford you will always keep it rented.

[Neuromancer]

Originally Posted by Blueface

Wife and I were just talking at length over this dilemma a whole lot of us are facing.

Things don't look good for our economy and that of the world. This is global.
Some experts are predicting our dollars will be worthless, even if backed by the government (FDIC)....

...Any ideas from investment experts?
I truly hope to solicit some advice.

Tell me about it...as if the last eighteen months hasn't been bad enough, I just discovered my trust fund went into the crapper due to the stock market free fall...no trust fund check coming for 2009......this is gonna be a really tight year...personally, after this, I suggest investing in yourself by stuffing your cash in your mattress...then at least no one can take it away from you...

[Hermit]

Originally Posted by Neuromancer

I suggest investing in yourself by stuffing your cash in your mattress...then at least no one can take it away from you...

Unless your mattress catches fire.
Stocks are on sale.
Buy, Buy, Buy!

[tfar]

Of course, you'd have to run through the full calculation to see what makes the most sense. But in principle, your reasoning is correct and makes good common sense. Real estate is still a very safe investment with quite a good return rate. Debts are one of the reasons of this crisis. So reducing your debt (mortgage) while investing in real estate (your house) is certainly worth considering. If you can swing it I would also suggest to buy some rental property especially since in FL the prices have gone down quite a bit, I hear. Only buy something where you can cover the mortgage with the rent that's coming in and consider the possibility that it might not be rented for two months or so while you are changing renters.

Till

[billhud]

Originally Posted by Blueface

Anyone changing what they have done until now with investments?

Yes, I'm investing less and putting more of my time and my money into helping the poor and homeless of my community.

[miana_silvius]

Originally Posted by smokeyandthebandit05

and buy cigars so when your defending your home and food u have a cigar in your mouth lookin more like a bad a$$