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Future proof investing, how?

crispins

crispins

FJB
Joined
May 21, 2020
Member Number
846
Messages
1,645
Loc
Pigeon Forge, TN
This is a thread I have been wanting to start for a while as it is a subject that I know very little about.

I know how to build a business and make money from it, I know nothing about how to invest that money so I can live off it.

What little I know is this.

Many Countries around the world use the US Dollar as a standard, I do not see that lasting.

I am afraid to invest in the USA as I feel that our economy cannot last past the next 10 years (I could be very wrong)

Is it possible to invest money in a Foreign Market that is safe?

I am planning on buying a Condo in a Caribbean Island withing the next 2 years.

I may use it to live in part time but it is an option to move there full time (if this Country goes to shit)

I am wanting to invest in a way to get a safe 4% return.

So is this possible?
 
crispins said:
So is this possible?
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Short answer, no. Anyone who tells you otherwise is either lying, or just omitting details.

But you can get close, if you believe in money/currency then blah blah diversification blah blah blah, if you're talking prepper zombie apocalypse then someplace to live with resources to be self-sufficient is probably the best you can get, and that has been hashed out pretty well in many other threads.

I gotta say, the caribbean sounds like a pretty damn nice place to bug out to, but all I know about it is a mental image of beautiful women serving alcohol on white sandy beaches. What drew you there and what is it like? ...culture, government, population, resurces... genuinely curious
 
Derp said:
Short answer, no. Anyone who tells you otherwise is either lying, or just omitting details.

But you can get close, if you believe in money/currency then blah blah diversification blah blah blah, if you're talking prepper zombie apocalypse then someplace to live with resources to be self-sufficient is probably the best you can get, and that has been hashed out pretty well in many other threads.

I gotta say, the caribbean sounds like a pretty damn nice place to bug out to, but all I know about it is a mental image of beautiful women serving alcohol on white sandy beaches. What drew you there and what is it like? ...culture, government, population, resurces... genuinely curious
Click to expand...

I have been looking for the last 7 years or so.

My dream has always been to retire on an Island somewhere.

What I have picked out is Dominican Republic

Reasons are they are very easy to move to (many other Countries are not)

Punta Cana is where I like, it is the tourist area, pretty much the most modern, clean, low crime area with lots of resources like doctors and restaurants.

The place I have found is beyond amazing. It is being built in a circle around the 7 acre walk in beach style swimming pool.

Basically a clean fresh water lagoon (the pool is being built by the company Crystal Lagoon, very cool projects they have going)

guard gated neighborhood and pimpest 2 story unit with a huge roof top deck is just under $300k (tax exempt for 10 years)

I can work 90+ hours a week for the next 5 years to have this

I am going to start going there for the 3 months a year that I am closed and feel the place out.

I want to have money in some type of non-us investment so my money isn't tied to the dollar (not this condo, I mean cash investment)

photo41512.jpg
 
I don’t think there are any sure things in this life. You can take an educated guess. But that is the best anyone can do. Nobody has that crystal ball to know the future. I will say, writing off the US as a place that will die in ten years is short sighted. I used to be very pessimistic about the future here and was sure the end was near.Forty three years later my opinion has changed from my twenty year old self. Just as you have built your business into a money maker, others will do.
At twenty, I could never have predicted computers and the change they would make. Billions and billions have been generated thru them. Other breakthroughs will come that you and I won’t know are coming.
 
rockdog57 said:
I don’t think there are any sure things in this life. You can take an educated guess. But that is the best anyone can do. Nobody has that crystal ball to know the future. I will say, writing off the US as a place that will die in ten years is short sighted. I used to be very pessimistic about the future here and was sure the end was near.Forty three years later my opinion has changed from my twenty year old self. Just as you have built your business into a money maker, others will do.
At twenty, I could never have predicted computers and the change they would make. Billions and billions have been generated thru them. Other breakthroughs will come that you and I won’t know are coming.
Click to expand...

I think other countries look more stable to me for my retirement years, like China for instance.

I was thinking that diversifying into other countries would be a safer bet than sticking all my money into a US based fund.

However, I admit I know pretty much nothing about investing or how it works.

I have never trusted "financial advisors" so I was hoping to get pointed in some direction that I could research.

If you had a few million and wanted to retire in another Country would you invest your money in the US economy or another Countries?
 
Well since you asked specifically. The way I went was a little different than investing in the market. I went with rental property. Not houses or apartments. I bought a small mobile home park. It was a huge chunk of money to start with. It literally paid for itself over time. The tenants own there mobile homes, so if they trash it, it’s their problem. Yes it sucks being a landlord at times, but it feels rewarding at times too. As the cost of living goes up...rent goes up. So you have a solid income. You are young enough to make things like this happen.
If the US goes down, where do you see China going? Seriously, they need us as much or more than we need them to thrive. I’m a cautious investor. I trust no one else with my money. I figure no one has my and my family’s best interest in mind as much as me. You would be amassed at how many shysters have tried to get us to sell the park to them.
 
crispins said:
I have been looking for the last 7 years or so.

My dream has always been to retire on an Island somewhere.

What I have picked out is Dominican Republic

Reasons are they are very easy to move to (many other Countries are not)

Punta Cana is where I like, it is the tourist area, pretty much the most modern, clean, low crime area with lots of resources like doctors and restaurants.

The place I have found is beyond amazing. It is being built in a circle around the 7 acre walk in beach style swimming pool.

Basically a clean fresh water lagoon (the pool is being built by the company Crystal Lagoon, very cool projects they have going)

guard gated neighborhood and pimpest 2 story unit with a huge roof top deck is just under $300k (tax exempt for 10 years)

I can work 90+ hours a week for the next 5 years to have this

I am going to start going there for the 3 months a year that I am closed and feel the place out.

I want to have money in some type of non-us investment so my money isn't tied to the dollar (not this condo, I mean cash investment)
Click to expand...


We are doing a job in Dominican republic right now, and as We all age and We are all more likely to need medical care, there’s no way in hell I would retire there. One of my coworkers had massive food poisoning because he accidentally got a mixed drink with ice, so apparently the water is not good.

We live in a country with some of the best medical care in the world, why we think the elderly us needs to be in a country with shit medical care is beyond me.
 
rockdog57 said:
Well since you asked specifically. The way I went was a little different than investing in the market. I went with rental property. Not houses or apartments. I bought a small mobile home park. It was a huge chunk of money to start with. It literally paid for itself over time. The tenants own there mobile homes, so if they trash it, it’s their problem. Yes it sucks being a landlord at times, but it feels rewarding at times too. As the cost of living goes up...rent goes up. So you have a solid income. You are young enough to make things like this happen.
If the US goes down, where do you see China going? Seriously, they need us as much or more than we need them to thrive. I’m a cautious investor. I trust no one else with my money. I figure no one has my and my family’s best interest in mind as much as me. You would be amassed at how many shysters have tried to get us to sell the park to them.
Click to expand...

I wanted to own a trailer park for many years. In fact I own 68 acre piece of land that I bought just to build one on

Provience said:
invest in yourself and your business.
Click to expand...

I do not want to work forever, so that plan is not a good one for me.

I want to live conservatively off some investments.
 
crispins said:
I wanted to own a trailer park for many years. In fact I own 68 acre piece of land that I bought just to build one on



I do not want to work forever, so that plan is not a good one for me.

I want to live conservatively off some investments.
Click to expand...

no reason you can't set up your business to pay you enough to live on with minimal effort or with a sell out, probably takes some serious expansion but, meh, you've been there before. it isn't that bad.

go ahead and call me crazy, but "big oil" will pay you 8-9% annual dividend right now and there are "big banks" that will pay you 4%.

obviously you could lose it all, but you probably aren't going to find anything like that without any risk, until "inflation" catches up and T bonds pay 5% again :laughing:

you could always pick a massive foreign bank or entity to invest in and get similar returns, but they are no more stable than US stuff.
 
Buy a small farm, make sure you can defend it. That’s the only real security. Gold, silver, not bitcoin.


To make money you have to buy low, sell high pretty much forever. I missed most of the last stock run up, sold my real estate holdings too soon. But patience pays, there will be opportunities if the .gov doesn’t screw the dollar too hard. Pick your place, be patient, it will come. It’s going to get ugly when the market comes back to earth, it’s run up on hopes and dreams and not fundamentals.
 
I live on a Caribbean island, I am retired., I moved here from the USA when I retired. Before you invest in ANYTHING on an island go live on that island for 6 months at a minimum, anything less and you do not know what the island is like. You WILL NOT recoup your investment on an island unless you are looking at 10 plus years. Some things to consider, government, healthcare, friendly to expats/outsiders, in the hurricane belt, cost of living, cost for electricity, water quality and availability, quality of food/fresh food/ crime(your not in Kansas anymore Toto). Just to name the first ones off the top of my head. DR is not anywhere near the top of the list of islands to move too so again do your research. We chose Roatan for multiple reasons. No “island paradise” is paradise. To give you a small example, it takes 6-8 hours to go to the bank and withdraw money, if I write a check to myself today and deposit it in my account the money is not available for two weeks, other banks hold it for four weeks. Every island has its down sides, you have too choose what works for you.

If you have specific questions. Pm me
 
crispins said:
I want to live conservatively off some investments.
Click to expand...

Hippie666 said:
I live on a Caribbean island, I am retired., I moved here from the USA when I retired. Before you invest in ANYTHING on an island go live on that island for 6 months at a minimum, anything less and you do not know what the island is like. You WILL NOT recoup your investment on an island unless you are looking at 10 plus years. Some things to consider, government, healthcare, friendly to expats/outsiders, in the hurricane belt, cost of living, cost for electricity, water quality and availability, quality of food/fresh food/ crime(your not in Kansas anymore Toto). Just to name the first ones off the top of my head. DR is not anywhere near the top of the list of islands to move too so again do your research. We chose Roatan for multiple reasons. No “island paradise” is paradise. To give you a small example, it takes 6-8 hours to go to the bank and withdraw money, if I write a check to myself today and deposit it in my account the money is not available for two weeks, other banks hold it for four weeks. Every island has its down sides, you have too choose what works for you.

If you have specific questions. Pm me
Click to expand...

No, don't PM him goddammit we're curious. If you have to trade acct#s and shit then use a PM. You volunteered it and you have nothing else to do except hide from island Butt Pirates, so in you are Sir :flipoff2:
 
crispins said:
I wanted to own a trailer park for many years. In fact I own 68 acre piece of land that I bought just to build one on



I do not want to work forever, so that plan is not a good one for me.

I want to live conservatively off some investments.
Click to expand...


Let me come build it.
 
I don’t know about Tennessee, but I know here if you were to build one it would be full within months. They have stopped that from happening by making building codes that pretty much make it unpossible to build anymore. This has drove existing park values into the stratosphere. If you could swing the development costs it wouldn’t pay for itself immediately. But one thing most people don’t take into consideration is, dollars spent today don’t equate to dollars in the future. The point is...if it costs you a million dollars today, in thirty years you are paying in inflated dollars. Not sure if you will get the point I’m trying to make.:grinpimp:
 
Real estate is the most secure long term investment. It might drop from where it is now, but it will be back again at some point, unless you’re in a local bubble .

One thing I’ve seen through this year is that cash is still king. Yes, it may be worth less in the future than it is now, but if you’ve got $, you’ll still be able to get whatever you need. Go search for small rifle primers, or 6.5 Grendel ammo. Non-existent, nowhere that will even let you order them. They are on gun broker for exorbitant prices though, it’s basically a legal black market at this point.

I actually bought 1,000 primers on there for just over $200 after shipping. Outrageous? Yes. However, I already had the brass, powder and projectiles, so it was either worthless, or $200 for 1,000 5.56 rounds, which are going for a buck a pop in most places right now.
 
If the dollar fails we're in for far worse than what you think. There isn't another currency capable of supporting the world economy. China is the obvious boogeyman, but their entire economy rests on the US and Western manufacturing. They'll fail faster than anyone if we do. Nevermind that there's no confidence in the Yuan due to distrust in general in the Chinese, nevermind how overinflated their reported economics are.

Current top currencies are:
1. US Dollar
2. The Euro
3. Japanese Yen
4. British Pound
5. Canadian Dollar

The Euro is only as successful as it is because a majority of Europe adopted it, beyond that it's still mostly a joke. No other currency on that list has the GDP behind it to support a global economy like the US Dollar does. If it fails, you're going to see catastrophic economic failure across the globe.

There's a reason the Chinese and so much of the rest of the world buy US debt, it's investment in our economy because it's the safest financial decision there is.
 
Cash is king to some extent. But not for retirement savings. Invest in something that slides with inflation.
Totally agree with the Chinese economy statement. They own tons of US debt for a reason.
 
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If you're going to go to an island go to Aruba or one of the other Dutch colonies. The water is delicious and will never get you sick. The healthcare is good and its extremely safe there. Has all the benefits of Dutch influence.
Or Colombia as an option but the water is undrinkable, I found out I lived there for 4 months. The healthcare in Bogota is good as it is the medical school cednter of south and central America. All the doctors speak english because all of the medical classes are in english. You can get a lot for your money. There are some areas to avoid. Santa Marta is a the Colombian militaries resort destination. The hookers are the hotest in the world.
 
Build your trailer park in the form of a tiny home subdivision, almost like an RV park. Lots of people getting into them with no where to legally "park" them.
 
Provience said:
no reason you can't set up your business to pay you enough to live on with minimal effort or with a sell out, probably takes some serious expansion but, meh, you've been there before. it isn't that bad.

go ahead and call me crazy, but "big oil" will pay you 8-9% annual dividend right now and there are "big banks" that will pay you 4%.

obviously you could lose it all, but you probably aren't going to find anything like that without any risk, until "inflation" catches up and T bonds pay 5% again :laughing:

you could always pick a massive foreign bank or entity to invest in and get similar returns, but they are no more stable than US stuff.
Click to expand...

I've been riding the oil stocks 8%-9% dividends for a long time now. Bought a bunch during the world wide lock down when no one was using oil or gas and making good money on Exxon Mobil. Lost a bunch on BP which I have had for years. They had some internal problems and took some risks so lost a lot of share value but I've reaped a so much in the dividends Im still ahead. Reinvest the dividends into buying more shares and don't take the cash. So the investment keeps growing itself.
 
Norm said:
Buy a small farm, make sure you can defend it. That’s the only real security. Brass, Lead, not bitcoin.


To make money you have to buy low, sell high pretty much forever. I missed most of the last stock run up, sold my real estate holdings too soon. But patience pays, there will be opportunities if the .gov doesn’t screw the dollar too hard. Pick your place, be patient, it will come. It’s going to get ugly when the market comes back to earth, it’s run up on hopes and dreams and not fundamentals.
Click to expand...

Fixed it for you.
 
crispins said:
I have been looking for the last 7 years or so.

My dream has always been to retire on an Island somewhere.

What I have picked out is Dominican Republic

Reasons are they are very easy to move to (many other Countries are not)

Punta Cana is where I like, it is the tourist area, pretty much the most modern, clean, low crime area with lots of resources like doctors and restaurants.

The place I have found is beyond amazing. It is being built in a circle around the 7 acre walk in beach style swimming pool.

Basically a clean fresh water lagoon (the pool is being built by the company Crystal Lagoon, very cool projects they have going)

guard gated neighborhood and pimpest 2 story unit with a huge roof top deck is just under $300k (tax exempt for 10 years)

I can work 90+ hours a week for the next 5 years to have this

I am going to start going there for the 3 months a year that I am closed and feel the place out.

I want to have money in some type of non-us investment so my money isn't tied to the dollar (not this condo, I mean cash investment)
Click to expand...

At least you can own guns in the DR.
 
For island life I would be looking more at Bonaire or similar - Govt is Dutch/Netherland based so its kept pretty clean, good medical, far enough south to avoid the hurricanes. Or Costa Rica - while not an island they have a long standing stable govt. When I was there a few years ago you could get an oceanfront acre for around 40k.

DR is slightly better than most of the Caribbean islands but still pretty sketchy with corruption and lots of grifters and beggers. Probably safer if you wanted something with limited extradition, but if your plan is just a get out of dodge that shouldn't be an issue
 
I knew a few people that did missionary work in the DR- mentioned it was a rough go at best. I have long term plans to potentially do something similar but DR isn't on the radar at all. EVERY hurricane in the gulf seems to run over it like a magnet as well.
 
I’ve been to a couple of Caribbean islands. I can’t imagine being locked on an island where you can’t get out and travel. Plus everything has to be imported. I would go nuts in a week!:eek:
 
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