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- Aug 16, 2020
So I was wandering what percent of one's net worth should be in real money -- not in currency (pieces of paper which has become 20 percent worthless just this year)
That is a very broad question, here my 5 cents...So I was wandering what percent of one's net worth should be in real money -- not in currency (pieces of paper which has become 20 percent worthless just this year)
Not answering the question but entertaining at least...Trivial.
Grow a business and money problems disappear. 150k a year currently and when I think about anything related to money my first thought is "double my profit next year" and sure enough it's been a great wealth strategy...go figure!
Businesses are protected against inflation because inflation means price increases. A Mcdonalds hamburger in the future will cost $18 but they will have the same margins and subsequently a higher profit.
In a scenario where the S&P500 isn't worth anything, or real estate isn't worth anything, or there's an apocalypse, nobody will want gold anyways. They'll want ammo, soup cans and toilet paper. Gold is silly. I will never buy gold unless it's on my wrist or neck.
Hard to answer when everyones definition of "real" money is different. My definition might be....something that moves with inflation, AND, is difficult or impossible for the government to steal from me.Not answering the question but entertaining at least...
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