Political Diversification Of Property
Hey Jessocial issues
As the world seemingly continues to lose their minds, the risk curve for owning anything has gone up considerably over the last few months. As banks are coming under pressure from insolvency as well as governments around the world, any property you own that can be tied or custodied with them can be under threat of devaluation or worse loss or confiscation.
None of us has any idea of how bad this could get nor which countries and banks will do what should things fall into chaos.
We've seen this all before
If you think your property has value, ask anyone who lived in a country where wars broke out. If you feel your money has value, ask anyone who lived in Zimbabwe. If you think your money is safe, ask anyone who lived in Cyprus or Greece during their economic crisis.
If you think your pensions are secured, ask anyone living in Iceland what happened to theirs. Yes they seem like unrelated incidents, and if it didn't affect you, you probably don't care, but a lot of those people didn't have a clue it was going to happen.
They went to work, obeyed the law, paid their taxes, played by the rules and still got screwed.
Single point of failure
What these incidents show us is that being a good and productive citizen of any country is not a guarantee that you will be saved and you need to spread your risk. You cannot simply believe holding property or money all in one country is a wise choice.
Since you're banking on the solvency of one government or one bank, you tied to whatever decisions they make and have little control should things go belly up.
Me for example, I don't trust our government one bit, I hold dollars and euros and of course cryptocurrency. Yes, I still have locally denominated assets I took out many years ago and would be hurt if they are lost, but it wouldn't be my only source of wealth.
Find a risk portfolio that works for you
I am not a financial advisor, but I do think people should invest in what they know, and they are comfortable with using. If you like real estate, perhaps you should get a second property in another country and turn it into a cash flow project in the meantime.
If you like stocks, perhaps its time to invest in companies outside your country.
If you prefer cash, why I don't know but if you do, maybe some forex would be a good idea for you.
If you don't want to be tied to custodial services, perhaps crypto is where you diversify.
If you're afraid of lockdown rules for you or your business, perhaps its time to work online and go borderless or get a second passport.
Have your say
What do you good people of HIVE think? Are you diversified politically?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
Let's connect
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The only thing which is secure is your own mind if you take good care of it. The future never was predictible or certain. I believe that calm & collected minds will thrive and see opportunity where others see chaos.
That's a very good outlook, and probably why keeping people in a constant state of debt and panic leave very few to see and seize these opportunities
True, there’s always more debt to be had with consumerism that’s reinforced daily, as well as more fear porn all over the TV and media. Vicious cycle!
Give them bread and circus and you can slowly take away their civil liberties without them noticing. The Romans knew it, what makes us think we've really evolved that far since then.
Yeah and one of the other things on the token of the Roman’s is who even actually knows how long ago that was. Not to get too fringe but history is such a joke for timeframes. I was watching a video on a guy who found a ‘dinosaur’ bone from a triceratops or something and it was from about 30,000 years ago. He proved it with carbon dating and it still had red blood cells in the bone marrow. He lost his tenured university job and is an outcast in the archeology scene.
I’ve seen a few different articles since and some posts about the timeline we think we know is crap.
Is this the second industrial society that’s lived here? Some wild things to think about lol
I tend to agree with you there, the time frames are very much up for debate, remember that the tech they used to date those things were shit, now we have AI and all that, pretty sure it will disprove a lot of the guesswork that becomes fact.
I was listening to a podcast by Graham Hancock & Randall Carlson and they said exactly what you're saying
Also after visiting Egypt, I'm pretty convinced we're the second shot at the industrial society, if not a fork of the original one. Perhaps we killed off that smarter race and because they were civil lol
Yeah? Do you have a link to the podcast? I'd love to listen to it! I've seen the things here and there but it was always clips. I'd love to get a full episode to listen to!
Sure, here you go -
Awesome, thanks dude!
Damn dude thanks for this one, some deep shit in the video!
Panic, fear, scarcity mentality, all of these are never good, no matter how times are now or 100 years from now
If enough people believe it, it becomes fact, regardless of the fundamentals! I think all we can do is search for the truth we willing to live with, all these so-called rules and facts that I learned over the years I find many of them do not stand the test of time
As we mature as a species we find what we learned as rubbish and its okay to believe in something new and to learn to co-exist with different viewpoints, lol I guess its easier said than done
That is why we always need to check and recheck the facts and the sources
I wish I could cash out my company retirement account. It’s several thousand dollars that’s going to just get fucking destroyed when the stocks tank. I’ve adjusted the portfolio to be as minimal risk as I can be, going with more bonds than stocks but it’s still going to get destroyed in value.
I’ll have to see if the new crypto option applies to my account, thinking about this now I know they recently announced having one but I don’t know if it’s for private accounts not corporate ones.
Best things we can do is just keep our exposure level down as much as we can. Some risky investments are okay but too many is just going to bite your ass hard in the end.
So my managed funds like pensions and stuff are all stonks, I've already made peace with the fact that it's going to zilch, I just thought I'm young I can't take it lol little did I know we'd get turned on our heads like this.
I'd say to find any sort of positive yield in this market that's not nominal or inflated you need to be a damn genius. There are companies that will benefit from all this, just need to find them and buy in.
At this point I can't even think of trying those long shots, I just want to protect against inflation, that's literally nailing my ass to the wall right now lol
Alas, your post made me think :) thank you for your insights! I think they are really helpful :)
That's all I could ever want from my posts, to give people something to think about and we can discuss, always happy when others challenge what I say too so i can go back and try to see things from another perspective too
Honestly, it's the uncertainty and fear of the future that worries me more than any financial distress presently. I think real estate is more up my alley and so I have been doing my homework. Thank you.
I get what you’re saying I think in these times they go hand in hand, financial distress is uncertainty! If we had a pandemic and the majority was financially sound you wouldn’t have half the drama we see today
I agree they are different but at this point they are so closely tied
I have NO clue about real estate 🏡 lol and I can’t afford it anyway so I stay away