Where Should You Invest Your Money During High Inflation?
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I am lucky investing bitcoin a month ago… I survive from Inflation…
The trick of going through a depression is keeping your job so that you could actually continue investing. Unemployment peaked at 25%, so it was no trivial trick to pull off.
While bitcoin’s wild
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In 2008/9, I graduated with my undergrad, and decided to pursue my master’s with a loan rather than the sliver of a college fund I had left. Years later, that sliver grew by 2x as the market recovered and eventually became the seed money for own kids’ college funds that I contribute to today. It’s a just a case study on how leaving things alone, having faith in the market when you don’t need the money right now, rather than panicking and pulling it out to exacerbate the negative effects of a worldwide sell off, paid off. Could I have pulled it out and put it into Bitcoin? Sure, and I’d probably have much more money than leaving it where it was. But that’s a gamble and world is full of people who gamble and lose, and a few people who gamble and win, then puff their chests on social media like they’re some sort of oracle. The only thing that’s not a gamble with investing is counting on the market to grow overall and having diversified investments that have a near 100% chance to mirror that trend to varying degrees.
Did I retire too young? I’m 47 and retired last year. I was making 300k with OT. My base salary was 140k. My pension is 118k and is only taxed federally. My wife makes 130k and has a 80k pension coming to her in 3 years. We own 2 multifamily homes worth 2.8 million combined that generate 90k gross rent income a year. NO mortgage on either property. We clear 48k a year from the rent after ALL expenses in both properties including utilities, taxes, water, cable, maintenance etc. I have 1.1 million gross in my 457 plans and 350k in mutual funds and 160k in cash savings. I bank 50k to 70k a year. My wife has a 550k in a fixed no risk TDA with guaranteed interest of 7.2% a year. She had 60k in cash savings. My wife banks 4k a month. I bank 4k to 6k a month after paying for cruises, dinners, food shopping, gas, etc. We have NO debt. Aside from savings, I still invest 6k in Roth till my wife retires. After she retires, I still plan on investing in mutual funds in addition to savings In essence I am saving for retirement even though I am retired. WHY AM I SO WORRIED about inflation? Why do I feel like I retired too early? I was taking home 12-15k a month from working but with tons of OT (i was never home) . My normal take home pay was about 8k. I now take home 8k from pension. Should have I stayed working? I was in law enforcement. I just think of how much more I could have amassed if I kept up the OT for another yr or two.