Investing
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Everything feels like a bubble - stocks, housing, crypto.
Maybe it’s asset inflation from all the money being pumped into the system.
For folks who have been through a few cycles. Is this a common feeling?
Seems a bit unprecedented being 12 years into a bull market.
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Agreed...plenty of articles out there pointing to the warning signs of it being a bubble, too. I have some assets I'm ready to invest but am just holding to the side for now.
Agreed...plenty of articles out there pointing to the warning signs of it being a bubble, too. I have some assets I'm ready to invest but am just holding to the side for now.
I just don’t know how long this will last.
I’ve been watching Vancouver real estate as an example, just out of interest. I thought it was a monstrous bubble in 2016 - and it is out of whack with historical metrics. but here we are 2021, even with the stress of a pandemic and high unemployment (in Canada) it’s up, up, up.
The danger is sitting on the sideline and waiting for something to happen that never does.
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It always goes up if you wait long enough.
As the actress said to the Bishop.
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Agreed...plenty of articles out there pointing to the warning signs of it being a bubble, too. I have some assets I'm ready to invest but am just holding to the side for now.
I just don’t know how long this will last.
I’ve been watching Vancouver real estate as an example, just out of interest. I thought it was a monstrous bubble in 2016 - and it is out of whack with historical metrics. but here we are 2021, even with the stress of a pandemic and high unemployment (in Canada) it’s up, up, up.
The danger is sitting on the sideline and waiting for something to happen that never does.
@xenon Yeah real estate is really ridiculous right now. In the northern virginia area, all last summer and fall...almost every home for sale had 10+ offers, and usually the winning bid was above ask, and waived inspections and appraisals. That is BANANAS. Apparently it's the same right now, too... Prices are just going up up up up up.
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@xenon Yeah real estate is really ridiculous right now. In the northern virginia area, all last summer and fall...almost every home for sale had 10+ offers, and usually the winning bid was above ask, and waived inspections and appraisals. That is BANANAS. Apparently it's the same right now, too... Prices are just going up up up up up.
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I was considering buying some Hilton... There is going to be a travel boom in 6 months....
The Brad
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I was considering buying some Hilton... There is going to be a travel boom in 6 months....
@lufins-dad I think that might've been priced into the April 2020 + recovery already? I have been buying into various airlines a little here and there. Delta, AA, United, Southwest... they have to recover eventually and the risk of bankruptcy is low since I think we see an end to this pandemic on the horizon.
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Not sure I’d make that bet on the airlines. Hard to tell how much damage has been done and what reorganizations and bankruptcies are coming.
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Know what has beat the stock market over the last century or so? Good farmland.
Problem is, hard to invest in, at least as I'd like to do it.
So, my advice...Diversify, diversify, diversify. Pick some good stocks to hold. Pick a few funds for speculation, in sectors you know a little about. Invest in a bit if real estate. If you're handy, maybe buy a fixer-upper, live in it and eventually flip it when done remodeling (just dont sink money in it you can't recover).
The best investment may be a side business or a side job. NEVER spend that money on regular expenses, but use that money for 529 funds, additional mortgage money, etc.
Lastly, control debt. Everybody has to stick their necks out sometime, but the more you stick it out, the easier it is to lose your head. I was debt-free, mortgage and all, by 52. And that's with two kids in college. When you're debt free, you have a lot more financial options.
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Good advice @Jolly . Would love to get into land investing at some point. Seems to be the one asset that almost (ALMOST) always goes up and up, because it's inherently a limited supply and an every-increasing demand.
Good advice @Jolly . Would love to get into land investing at some point. Seems to be the one asset that almost (ALMOST) always goes up and up, because it's inherently a limited supply and an every-increasing demand.
Actually, I read an article recently that suggests that land has underperformed the stock market over 100 years.
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Good advice @Jolly . Would love to get into land investing at some point. Seems to be the one asset that almost (ALMOST) always goes up and up, because it's inherently a limited supply and an every-increasing demand.
Actually, I read an article recently that suggests that land has underperformed the stock market over 100 years.
@lufins-dad said in Investing:
Good advice @Jolly . Would love to get into land investing at some point. Seems to be the one asset that almost (ALMOST) always goes up and up, because it's inherently a limited supply and an every-increasing demand.
Actually, I read an article recently that suggests that land has underperformed the stock market over 100 years.
Some land has.
Location, location, etc.
But good farmland has consistently done well.
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Yeah I'm talking less than 1% of my portfolio...if I didn't see any bankruptcy risk, I would dump a ton in airlines. Almost a guarantee in 5 years they'll be up 50-100%.
Yeah I'm talking less than 1% of my portfolio...if I didn't see any bankruptcy risk, I would dump a ton in airlines. Almost a guarantee in 5 years they'll be up 50-100%.
Be careful
Green New Deal: Ocasio-Cortez aims to make air travel obsolete, aid those ‘unwilling’ to work
In what may be the most far-reaching proposal to ever be considered in Congress, Rep. Alexandria Ocasio-Cortez, D-N.Y., unveiled her "Green New Deal" on Thursday -- a government-led overhaul of virtually every aspect of American life that would guarantee a host of taxpayer-covered benefits for all and phase out fossil fuels.
Along the way, her office says the plan would aim to make air travel obsolete, upgrade or replace every building in America to ensure energy efficiency and give economic security even to those "unwilling" to work.
