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If your country has high central bank interest rates you may consider buying state bonds.
Not financial advice:
Long term etfs if you wanna avoid inflation literally making your money worth less.
Extremely not financial advice, this is a joke, do not invest this way:
Buy Chinese stonks and bet on the next 3/4ths of the Chinese century
If the dedolarization progresses, it might not be the worst bet.
Always take financial advice from the internet.
The last couple years on this site have made me less optimistic about this possibility
Don't think I've ever been more optimistic for dedolarization
Inshallah
invest in ETFs, if capitalism chugs along it'll increase, if it doesn't that's even better and you won't have to worry about savings
if capitalism chugs along it'll increase, if it doesn't that's even better and you won't have to worry about savings
Capital in crisis doesn't at all immediately equal socialism. Also, if you applied this logic to the property market pre-2008, you probably wouldn't come out all that great.
True my statement is a bit reductive and silly, but
Also, if you applied this logic to the property market pre-2008, you probably wouldn't come out all that great.
Better than almost any other investment, apart from maybe certain specific precious metals, but the 'safe' ETFs like the US treasury bond one actually gained value during and after the crash
Yeah, I mean bonds are always a secure investment. Not to sound like a gold bug, but gold isn't bad either, especially during a crisis when faith is lost in fiat currency.
Thing about gold is it's not that far off from stuff like Bitcoin except for the floor value it has, not many gold for gold sake, they buy it to turn money into more money, including central banks (though some also care about sanctions risk but underlying reasoning is the same).
I wouldn't really compare gold to bitcoin, since bitcoin is extremely volatile when compared to it. Obviously the neoclassicals love it and want to bring back the standard since it decentralizes money creation, but it is a good investment when it looks like the central authority is not handling the crisis well.
Before anything else: what are your plans? What large expenses are you expecting in the next 1 year, 5 years, 10 years? If you lost your job today, how long would those savings last you? That determines what instruments you stick your money in
Rent mostly is is chipping away very fast at my savings
So from a US perspective your best bet would be a High Yield Savings Account to protect from inflation while still being able to access it for a regular expense such as rent. However, I can't really speak to what's available in your region, and regardless you're still unlikely to out-earn what you withdraw for rent.
fund some anarchists.
not financial advice but it depends on your country. absolutely do not invest in ETFs blindly. market returns in third world countries do not behave similarly to that of first world countries. find a public analysis of comparison of different asset classes in your country and invest in the most profitable safe asset. the safest are usually foreign currencies although they are mostly an inflation hedge not a real investment.
European index fonds suck too, even central Europe. 2008 wiped out like 2/3 of the DAX and it has only been doing well this decade because of the Ukraine war.
I mean, if you're a total ghoul invest in fascist enterprises like Geo Group and other private prison type shit.
Otherwise, buy guns.😅
Or try to build something in your community that hollows out the capitalist rot and gives space for a culture of empathy and a community safety net.
I found YouTube links in your comment. Here are links to the same videos on alternative frontends that protect your privacy:
Link 1:
Link 2:
You can buy into gold/silver at their all time high.
Buy Government securities (directly or through ETFs/MFs) instead of equity and private debt. That's what i do with my involuntary savings.
How do people know which etf's to invest in?