The Alternative Investments Thread

[Sailor.X]

With all the shady shit that has now been exposed in Wall Street. And with certain governmental officials wanting to cover for them. It is time to consider investing our money on other things. Some people choose Real Estate, Some people choose collectables, Some people choose small businesses. And Some people choose Crypto currency. So I ask you what are you doing now for your long term investments?

As for myself I have moved some of my investments into crypto currency. I also have some real estate as well. I will never trust the Stock Market again.

 

[Bear Ribs]

Real Estate.

I've purchased two houses in 2020, for 10K and 15K respectively and owned three before that. I know a good bit about repair so the fact that both homes needed floors and holes in the walls patched wasn't a problem for me but an opportunity.

I'm of the opinion that we'll see a flood of foreclosures and evictions soon. Currently there a COVID-justified legal blocks to foreclosing. That won't last, banks want their money and sooner or later they'll get it. That means people thrown out of their homes and needing a place to live, people with a recent foreclosure that will keep them from getting a loan to buy a new house, so they'll need rentals.

 

[Sailor.X]

Real Estate.

I've purchased two houses in 2020, for 10K and 15K respectively and owned three before that. I know a good bit about repair so the fact that both homes needed floors and holes in the walls patched wasn't a problem for me but an opportunity.

I'm of the opinion that we'll see a flood of foreclosures and evictions soon. Currently there a COVID-justified legal blocks to foreclosing. That won't last, banks want their money and sooner or later they'll get it. That means people thrown out of their homes and needing a place to live, people with a recent foreclosure that will keep them from getting a loan to buy a new house, so they'll need rentals.

I am looking to purchase some more land in Calhoun County SC and maybe a parcel just outside the town limits in Waverly VA. Land will be for sale for sure.

 

[Bear Ribs]

Be careful with land right now. I expect that land values are going to drop severely when the foreclosure wave hits and banks try to offload the properties. It should rebound once the market's absorbed the extra foreclosures so I'm not worried long term, but I would plan on hanging onto any property for a while. That's why I'm focusing on long-term rental income and planning to ride out the cost drop with low-interest mortgages.

 

[almostinsane]

I took out a loan to purchase a home last year because I expected massive inflation, and with it, the value of my home eclipsing its sale price in the long term.

It might suck for a while as I wait for my wage to increase, but when that happens and when the home values increase, I'd be in a very good place. Better than I'd be with money sitting in the bank.

 

[Terthna]

God I wish I could invest in something, but I'm on disability; not only do I not have enough to invest, I can't have more than $2000 in assets, or else I lose said disability.

 

[ParadiseLost]

God I wish I could invest in something, but I'm on disability; not only do I not have enough to invest, I can't have more than $2000 in assets, or else I lose said disability.

Ah yes, the famous government benefits cliff.

Personally, I'm not currently looking at investing in anything. After I graduate college and get a job, I'll probably start looking at bread and butter housing and investing in inexpensive stocks.

 

[Sailor.X]

God I wish I could invest in something, but I'm on disability; not only do I not have enough to invest, I can't have more than $2000 in assets, or else I lose said disability.

You could always just put $10 bucks into crypto. Some of them are currently in the cents range per E coin.

 

[Arch Dornan]

How do I invest in crypto? Is it by using an app?

 

[Sailor.X]

How do I invest in crypto? Is it by using an app?

Go to Coinbase.com

 

[UberIguana]

God I wish I could invest in something, but I'm on disability; not only do I not have enough to invest, I can't have more than $2000 in assets, or else I lose said disability.

Your best bet for avoiding this is likely crypto. It has the potential to grow massively and supplant a good chunk of the modern financial system, but this is in no way guaranteed. Assume the worst and don't spend what you can't afford (and are willing) to lose for good.

If you decide to get into crypto, 1. make sure to obfuscate your trail so the government doesn't know you still have it (use a tumbler or trade coins for an anonymous currency, say you spend it on online porn or something if asked). 2. Be prepared for a buttock-clenching ride as the price bounces all over the place (at least until you get too burned out on the highs and lows to care.) 3. Don't try and swing trade until you know what you're doing and aren't just jumping in and out of positions due to fear of missing out. Plan your trades. Or just buy and hold.

You could always just put $10 bucks into crypto. Some of them are currently in the cents range per E coin.

Unfortunately most of these are shitcoins and sifting out the real gems is virtually impossible to do reliably. Not to mention most of these are ERC20 coins, so gas fees can eat a good chunk of that, if not most of it.

 

[Knowledgeispower]

God I wish I could invest in something, but I'm on disability; not only do I not have enough to invest, I can't have more than $2000 in assets, or else I lose said disability.

There's actually ways around that via programs some of the states run. I too have to deal said stupid rule. Look up Tennessee's Able program for example(which they run for anyone in the country who wants to join who has disabilities). Alas it's in the stock market. But yeah whoever came up that restriction was a complete ass who wanted people with disabilities to be eternally screwed

 

[Sailor.X]

Your best bet for avoiding this is likely crypto. It has the potential to grow massively and supplant a good chunk of the modern financial system, but this is in no way guaranteed. Assume the worst and don't spend what you can't afford (and are willing) to lose for good.

If you decide to get into crypto, 1. make sure to obfuscate your trail so the government doesn't know you still have it (use a tumbler or trade coins for an anonymous currency, say you spend it on online porn or something if asked). 2. Be prepared for a buttock-clenching ride as the price bounces all over the place (at least until you get too burned out on the highs and lows to care.) 3. Don't try and swing trade until you know what you're doing and aren't just jumping in and out of positions due to fear of missing out. Plan your trades. Or just buy and hold.


Unfortunately most of these are shitcoins and sifting out the real gems is virtually impossible to do reliably. Not to mention most of these are ERC20 coins, so gas fees can eat a good chunk of that, if not most of it.

Welp so far the Crypto I have invested in has made me money and not lost me money. So there is that.

 

[Bear Ribs]

Basic Attention Tokens seem to be skyrocketing in price. I decided to go ahead and collect them when I gave Brave browser a try (you can get BAT free by allowing ads which have no scripts) and they were trading at about 9 to a dollar, now they're about 2 to a dollar.

 

[Sailor.X]

I now have around $300 Dollars in various Cryptocurrencies. That money will sit in those coins for a good long time.

 

[ParadiseLost]

Imagine trusting cryptocurrency, a strange new form of speculation, invented by an unknown group, that just so happens to massively benefit China.

 

[Sailor.X]

Imagine trusting cryptocurrency, a strange new form of speculation, invented by an unknown group, that just so happens to massively benefit China.

Dude do your research. Not everything in this world has to do with damn China.

 

[ParadiseLost]

Dude do your research. Not everything in this world has to do with damn China.

Literally 99% of the equipment used to make cryptocurrency is manufactured in China.

Then a significant portion of the mining is done in China, and sold to investors in the US. And since China has some of the worlds lowest electricity prices...

Well, at the very least, ignoring the question of where crypto came from, there's no question it benefits China more than anyone else in the world.

If you buy cryptocurrency you might as well also buy a shirt that says, "I Support Chinese Economic Dominance of the Globe."

 

[Sailor.X]

Literally 99% of the equipment used to make cryptocurrency is manufactured in China.

Then a significant portion of the mining is done in China, and sold to investors in the US. And since China has some of the worlds lowest electricity prices...

Well, at the very least, ignoring the question of where crypto came from, there's no question it benefits China more than anyone else in the world.

If you buy cryptocurrency you might as well also buy a shirt that says, "I Support Chinese Economic Dominance of the Globe."

Dude one that is horseshit literally. If you bothered to research the various Crypto projects you would know that.
Two damn near all rare Earths used to make PCs comes from China so what is your point exactly and 3 Do some damn research. It ain't hard the project videos on each Crypto is literally on the internet complete with developer interviews.

 

[Husky_Khan]

Looks like Nvidia won that lawsuit brought against it by its own Investors who back in 2017 alleged that the company had mislead its investors into believing its chips were being utilized as God intended, for graphics and not crytomining. The class action lawsuit, finally filed in 2020, alleged that roughly 60 to 70 percent of Nvidia's sales in China were to crypto miners in 2017 and 2018, and that Nvidia kept this information from investors.

Nvidia won that billion-dollar crypto mining lawsuit

Claims that Nvidia misled investors into believing game-likers were buying up all the GPUs were dismissed.

www.pcgamer.com

The lawsuit was dismissed due to lack of evidence. Nvidia seems to have learned the lesson however... perhaps.

Though Nvidia didn't warn investors that it expected a decline in sales when the bottom fell out of Bitcoin until the first quarter of 2018, it's not like it was secret information. A drop of eight percent in Nvidia's stock price in August 2017 was attributed to fears of the crypto bubble bursting, over a year before the first Bitcoin crash finally came in November of 2018.

These days Nvidia's GPUs are designed to reduce their value to crypto miners, with the RTX 3060 12GB coming with an Ethereum mining limiter, which could come as standard on future GeForce GPUs.