RE: Steem Bounty - What is the Best Thing to Do When You Expect the Stock Markets to Plummet in the Next 6-12 Months?
I can see the same thing happening and have all of my stock market investments locked up in retirement funds so I just HODL. That being the case, I would be looking for a more solid store of value investment-wise and a few Steemians have been very bullish on Silver lately.
In addition to that, @broncnutz proposed a very interesting option in the Gold-backed Chinese Yuan https://steemit.com/china/@broncnutz/china-oil-yuan-gold-bitcoin-you-better-pay-attention
I might be down the rabbit hole as well but hedging into Crypto is what I am doing as I believe as trade wars settle in, FIAT currencies take their hits, and the world gets increasingly fed up with government driving their agendas while the corporations fleece us sheep, crypto is part of the answer.
The BIGGEST strategy I would recommend, however, is to do what you can RIGHT NOW to pay off your debt, buy your freedom one chunk at a time, and live life. Here is an article shared by @briggsy that goes into some advice and details. https://cointelegraph.com/news/best-investment-mark-cuban-says-not-gold-or-bitcoin-but-paying-off-debts
Buy your life back as investments are supposed to be the fuel that empowers your lifestyle and gives you the power to make good choices for you and your family.
Thanks for the comment Zeke, great as always :-)
Some interesting things you refer to, I will definitely take a good look at those.
When it comes to debts, I basically have one big one: mortgage. I think for most people who don't want to spend a lot of time thinking about what to do with their money or who are risk averse, paying of their house is a good idea. Personally I prefer liquid assets, because if an opportunity comes by tomorrow and my money is locked-in in my house, I cannot take advantage of it ;-)
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Wow! Unexpected surprise! I will pay that one forward and do some extra upvoting of good content here on STEEMit. Thanks!