Post B602QoizHWNzxjuVCi by billiam@shitposter.world
 (DIR) More posts by billiam@shitposter.world
 (DIR) Post #B5ztOOia6Sb18cUYcK by lebronjames75@shitposter.world
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       need thoughts on"is it wise to take out and use all your money before entering a war or not"i feel like long term investments (pension funds, stocks market) during warzone life for a non-rich-rich guy are a poor choice. never thought about this before
       
 (DIR) Post #B5ztVbfANASpJTKdqy by mirq@tsogol.tsiran.org
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       @lebronjames75 there is no right answer and anyone confidently telling you otherwise is fulla shit
       
 (DIR) Post #B5ztXrMuwz3IbPs2qW by Forestofenchantment@furville.drinkanddrive.africa
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       @lebronjames75 The question one needs to ask is "will this investment be inflation-proof?" the answer is of course variable.
       
 (DIR) Post #B5ztXvZ7LZBhcPbqPw by lebronjames75@shitposter.world
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       @mirq i understand. i need the thoughts and ideas that are attached to conditionals, not a "do this" type thing
       
 (DIR) Post #B5ztgNQjd7pmM9iY6K by MasterSimper@eveningzoo.club
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       Take out as many loans as you can before a war, then keep borrowing money during a war.
       
 (DIR) Post #B5zvG6iHMR1Gt9Wc9A by jcbrand@mastodon.xyz
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       @lebronjames75 I don't think it's ever wise to take out and use all your money.Giving advice is almost impossible without knowing your situation, but generally speaking you want to diversify over a broad range of assets in order to minimize risk.Self-custodied Bitcoin is still an incredible asset. It's liquid, accepted globally, you can carry it around in your head and it's the hardest form of money ever invented.I would definitely want some during a crisis.
       
 (DIR) Post #B5zvG7DpT8FyT0HoK8 by jcbrand@mastodon.xyz
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       @lebronjames75 Precious metals (Gold, Silver) fill in some of the gaps where Bitcoin might fall short. They're physical, don't need the Internet or electricity and in a crisis anyone would accept them. Drawback is that they're bulky and difficult to transport over borders. That's where BTC is much better.Concerning pension funds... difficult to say. Depends on your age. For me they're much lower down the list, particularly because they penalize you for withdrawing and tie you up in rules.
       
 (DIR) Post #B5zvG7Zo9PpzZAZMa8 by jcbrand@mastodon.xyz
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       @lebronjames75 Concerning stocks... depends on who wins. 👇 > From the start of World War II in 1939 until its end in late 1945, the U.S. Dow Jones Industrial Average rose by a total of 50%, representing an annualized return of more than 7% per year.  In contrast, the stock markets of losing nations were devastated; Germany’s market lost 90% of its value by 1947, while Japan’s market lost almost 99% over the 1939–1947 period.
       
 (DIR) Post #B5zvG7u0wI06Zq1V4q by jcbrand@mastodon.xyz
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       @lebronjames75 Private pension funds generally invest in stocks, so if the stocks crash 90%, there goes your pension as well.Their main advantage is that they give you some tax benefits when you retire.
       
 (DIR) Post #B602QoizHWNzxjuVCi by billiam@shitposter.world
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       @jcbrand @lebronjames75 physical items which 1. have a long shelf life and/or you'll use anyway in your day-to-day life2. are highly needed or desired3. are small / compact(4. vulnerable to supply chain issues)e.g. basic medical supplies, coffee, cigs, guns / ammo, alcohol, gold / jewels, chocolate, makeupif you don't use them yourself they could still be useful for selling / bartering / bribing. Maybe don't go out of your way to buy all of them, but if you're buying them anyway then maybe get some extra.