Financial Boredom
Unemployment is skyrocketing, but equities are cruising along. Given the current global situation and extremely low cost of borrowing, what do you think is the best course of action for someone who likes a bit of “action.”
Options:
1. Hoard cash — cash is king in a downturn; wait for the Big One.
2. Buy index funds at regular intervals — Settle for long-term, market rate returns (Keep Calm and Blah Blah Blah).
3. Buy land — The Coronazombie Apocalypse is upon us; the preppers were right. It is time to learn how to hunt, fish, farm, darn, straight-razor shave, sew, sow, and go full-hipster.
4. Leave the Bay Area — Remote work is here to stay; it’s time to cash out of California real estate before it “checks and wrecks itself.”
5. Buy multi-families in the Bay Area — The fire sale is about to begin (eagerly rubs hands together).
6. Buy alternative investments — Art, Gold, Crypto, Classic Cars, Beanie Babies, Magic: The Gathering cards, etc.
7. Sell artisanal Masks and Hand Sanitizer on Etsy — How big is this market? Everyone and their grandmother appears to be cashing in on the gold rush.
8. Buy a truck — Everything is going to be on-demand from now on; time to start a logistics company.
What moves are you making? Anything I missed? Please let me know.
