We inherited over a million dollars about 4 years ago, now its a matter of keeping it and not losing everything our parents worked for. Seriously considering moving, no more investing in real estate in Oregon or the US.
That is how I felt during the dot com rise and bust. There has always been a “gambling” aspect to trading stocks. But if you educated yourself you could reduce it to a small percentage of the formula. Now it is most of the formula.
The exception is technical trading. It is based more on information rather than gambling. However, the information is not about the company. The information is about what other investors are doing, rather than the company’s strengths or weaknesses.
Seriously considering moving, no more investing in real estate in Oregon or the US.
And with all the WFH happening, and much of it becoming permanent, you can expect suburban and rural real estate to experience an increase and, in some cases, a boom.
There will definitely be permanent ramifications from this Rona nonsense. Well, decades worth anyway.
We inherited over a million dollars about 4 years ago, now its a matter of keeping it and not losing everything our parents worked for. Seriously considering moving, no more investing in real estate in Oregon or the US.
What is a millions dollars?
$4,000 interest a year in a money market
8-10 years in a nursing home.
When times get tough like they are going to, your most valuable asset is relationships. Your money and wealth are worthless.
That being said. One should get their Bible out and start reading slowly with moving lips. The most valuable relationship!!!!
Your problem is you are worried about losing the $1 million AND worried about missing out on stock market gains. Can’t have it both ways - even with hedging (put options, etc.) you can’t eliminate all the risk.
So if you are worried - get out. Follow what the uber rich are doing (e.g. Bill Gates) and buy farm land with working water wells.