Read Millionaire Fastlane
I've Read UNSCRIPTED
- Sep 15, 2013
"Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.
Remove ads while supporting the Unscripted philosophy...become an INSIDER.
This is exactly what I needed.For Young people Who do not have 300k in bank account doing nothing business expansion is still The best investment.
2003-2007 post Sars was a golden period.
2009-2019 pre Covid was more sluggish but 2009-2014 was relatively okay until China slowed down in 2015.
To me there is a clear pattern in when Business men made most money And when most business went bust, from my experience speaking to them.
I remain optimistic because we could be entering a higher speed of growth again.
But I think be very careful if your business Chain is very dependent on stable international trade of physical goods. National rivalries are unlikely to go away very quickly.
For old people with money, Asian yield play seem to be still a safer bet (who people who do not care abt cap appreciation) You still can find 4-5 Percent distribution yield mutual funds. Everytime where there is Global QE U.S. asset will shoot up In price first and yield will quickly diminish.
Precious metals could be good also. This is the sector that has been crying wolves for many Years. But the story about crying wolves is that wolves will eventually come one day .
Don't like ads? Remove them while supporting the forum. Subscribe.
Thank you for sharing that. I am feeling the same way about the cash.I have my savings distributed like so:
- 10% crypto currencies
- 90% cash in savings accounts. (still building a financial cushion before doing any investments)
However in this environment I'm really worried about the cash. The economy of my country is undoubtedly less stable than the US, and the government is printing money like crazy (and has been already for some years already). Interest rates on my saving accounts have dropped from 1.5% to 0.01%. I'm not sure about buying some ETFs or stocks, because it looks like the stock market have restored too fast after the crash caused by corona. Maybe all this cash in form of bail outs pumped into the economy by the government was used to buy stocks, hence the unnaturally high prices?
Therefore, I don't know what to do with my savings
Join Fastlane Insiders.
Yes, ads can be annoying. But please...
...to support the Unscripted/Fastlane mission (and to respect the immense amount of time needed to manage this forum) please DISABLE your ad-block. Thank you.