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Question re FIRE future returns

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bw:
Thank you for these food for thought replies Bevan. Its interesting how things are developing.

Check out a spot for me in Hogsback so, i too can become a homesteader  ;)

Bevan:

--- Quote from: bw on July 13, 2020, 12:35:07 pm ---Thank you for these food for thought replies Bevan. Its interesting how things are developing.
Check out a spot for me in Hogsback so, i too can become a homesteader  ;)

--- End quote ---

It's quite amazing how things are developing. Stock markets have become the new casinos. Everyone in the US has received well over $1,000 of stimulus with many businesses receiving much more than that. Combined with the new Robin Hood investors, where they front run you as a client, we can see that much of this easy money has gone into the popular FANG and Tesla stocks. This is the dumb money personified, that always fuels the final blow-off top before a collapse. Not to say a collapse is coming tomorrow, or even this year. The US has showed its ability to kick the bankruptcy can down the road many times before. But I reckon within 2-3 years the stresses in the system will be overwhelming.

Now is a great time to look out for decent homesteader properties. Many people relying on tourism in popular tourist spots such as Hogsback are having to sell up. If you can earn an income sans tourism, which is going to be decimated for a few years to come still, then there are some decent properties to snap up.

One could sell their Sandton pile for circa R2-3m and buy 10 acres of awesome land, with fruit trees, great water etc., and have around R1.5m left over. It's a tougher life, but so much more rewarding as well. We have satellite internet, awesome coffee spots and restaurants, never mind the forest walks, waterfalls and mountain biking. Almost got the skiis out too as we narrowly missed some more snow this week. And the beach is just over an hour away.

If anyone is interested in sustainability tips and homesteading, plus trading advice from time to time, you can subscribe to our free weekly newsletter at www.thrivecentre.co.za

RichardPayne:
Hello guys, everything in this world revolves around money and it is kind of sad that we live in this kind of world. Money is something we invented and now it is controlling us. I have tried to live a life where money does not play that big of a part, but it is not possible. The newest thing is introduction of cryptocurrency and I see how people are going mad about it. I wanted to try it out, but after reading some articles on investotrend.com I came to the solution that it is not worth it. The market is on a down now and it does not make sense.

Bevan:

--- Quote from: RichardPayne on September 08, 2020, 08:51:05 am ---Hello guys, everything in this world revolves around money and it is kind of sad that we live in this kind of world. Money is something we invented and now it is controlling us. I have tried to live a life where money does not play that big of a part, but it is not possible. The newest thing is introduction of cryptocurrency and I see how people are going mad about it. I wanted to try it out, but after reading some articles on investotrend.com I came to the solution that it is not worth it. The market is on a down now and it does not make sense.

--- End quote ---

Cryptocurrency will have a role to play in any future financial system, but the "killer app" has not yet been launched. Creating money because a computer solves an algorithm or a wealthy investor "stakes" his existing wealth, has no utility value and besides, transaction fees and times are insane and getting worse. Cryptocurrency is similar to where we were in the late 90's with the initial dot-com boom, with things like pets.com and askjeeves.com . But of course Amazon was also emerging around that time too.....

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