There are actually limits to what I can do with an investment in a 401(k) from my employer. Right now I went into the money market, because that's relatively safe, so long as the economy is still based on cash and not gold/ammo/food tins. If we go back to shells I got some friends in the Chumash tribe.
Though in reality, I am thinking real estate, insofar as taking loan from my retirement to improve my own house. Given the synoptic-scale gentrification of coastal California and the rate at which outlying real estate is being destroyed in fires as we speak, I feel like city-center real estate is a good investment. And useful to me, too!
But really I feel like we're in the irrational exuberance stage of a bubble. We've had an up economy for nearly ten years now, Trump is starting trade wars with no apparent victory condition, and everyone is cheering the end of regulations. China can't keep growing at this rate forever. Europe seems to have invented a fake immigration crisis. QE has been going on for how long now in Japan and Europe? Money can't be that cheap forever.
Ten years ago, I was lobbying in D.C. for graduate students, and my colleague notice that there really a lot of banking lobbyists all over the place. And then a couple days later, Bear Stearns failed. He decided to dump all of his stock right then; I should have called my parents to do the same. I'm not making that mistake again. All of the political fundamentals worldwide say we're a crisis away from an economic downturn.
Though in reality, I am thinking real estate, insofar as taking loan from my retirement to improve my own house. Given the synoptic-scale gentrification of coastal California and the rate at which outlying real estate is being destroyed in fires as we speak, I feel like city-center real estate is a good investment. And useful to me, too!
But really I feel like we're in the irrational exuberance stage of a bubble. We've had an up economy for nearly ten years now, Trump is starting trade wars with no apparent victory condition, and everyone is cheering the end of regulations. China can't keep growing at this rate forever. Europe seems to have invented a fake immigration crisis. QE has been going on for how long now in Japan and Europe? Money can't be that cheap forever.
Ten years ago, I was lobbying in D.C. for graduate students, and my colleague notice that there really a lot of banking lobbyists all over the place. And then a couple days later, Bear Stearns failed. He decided to dump all of his stock right then; I should have called my parents to do the same. I'm not making that mistake again. All of the political fundamentals worldwide say we're a crisis away from an economic downturn.
"Kitto daijoubu da yo." - Sakura Kinomoto