Investing
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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.
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I was considering buying some Hilton... There is going to be a travel boom in 6 months....
@lufins-dad said in Investing:
I was considering buying some Hilton... There is going to be a travel boom in 6 months....
Not really an investment, but the Grand Hilton in Bangkok is offering a deal.
For 1 MM baht (about USD$30,000), you get one year of a Executive Club room at the hotel and 200,000 baht (USD$6.5 K) in hotel credit.
About USD$80/night.
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@lufins-dad said in Investing:
I was considering buying some Hilton... There is going to be a travel boom in 6 months....
Not really an investment, but the Grand Hilton in Bangkok is offering a deal.
For 1 MM baht (about USD$30,000), you get one year of a Executive Club room at the hotel and 200,000 baht (USD$6.5 K) in hotel credit.
About USD$80/night.
@taiwan_girl said in Investing:
For 1 MM baht (about USD$30,000), you get one year of a Executive Club room at the hotel and 200,000 baht (USD$6.5 K) in hotel credit.
Did not find it for "Grand Hilton", but found it for Hyatt Regency in Bangkok. Very nice, includes everyday breakfast and all-day snacks, laundry and dry-cleaning, parking for a car, standard housekeeping, not need to pay for utilities or Internet access separately, etc. It's like you're pampered for one whole year for a fixed price. Now if they can also throw in daily access to a nicely maintained grand piano ....
