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Author Topic: Besides crypto, what would be the safest way to hold your money?  (Read 1077 times)
alizay
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October 28, 2017, 04:13:11 AM
 #1

Like most of ppl on this forum, I believe in the monetary crash to come and I want to take my savings out of the bank. I invested in about 7 different crypto already but only a certain amount that I can allow myself to loose in case of a crypto collapse. Not brave enough (or crazy) yet to put all my savings in crypto.
But I definitely want zero $ on my bank account soon, and I was wondering what would be the safest way to hold your money (buy lands, invest in gold, hide it under the bed, invest it a myriad of different businesses...). Thoughts?
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October 28, 2017, 04:17:31 AM
 #2

Real estate, no doubt. I'm currently looking into it and have invested on a 350 sqm lot at a strategic place near the metros. A lot of land developers are drooling at these strategic places and would pay you a ton of money just for these lands. It isn't difficult to maintain too, plus the fact that over time, the lot becomes more and more expensive as the need for housing spaces and commercial establishments arise. Crypto is good for storing in 5-10 years, but if you want a longer time frame than that, try investing in real estate.

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October 28, 2017, 04:51:32 AM
 #3

Like most of ppl on this forum, I believe in the monetary crash to come and I want to take my savings out of the bank. I invested in about 7 different crypto already but only a certain amount that I can allow myself to loose in case of a crypto collapse. Not brave enough (or crazy) yet to put all my savings in crypto.
But I definitely want zero $ on my bank account soon, and I was wondering what would be the safest way to hold your money (buy lands, invest in gold, hide it under the bed, invest it a myriad of different businesses...). Thoughts?

Buying land is something that will almost always have some value, as long as you have a means of protecting it yourself or having someone else protect it. Most of the time it's easy to have one or the other, and it will always have someone else (the government) protecting it so long as there is no collapse of civilization or something similarly catastrophic.

Gold would be a good alternative if you don't have access to the funds required to buy something as large as a plot of land, but considering where you are and in what stage of life you're in, there might not be any prohibitive costs to get into real estate. If you do go the precious metals route, there is a lot of value in diversifying what kind of metals you hold. Gold and silver mix is almost a staple when it comes to PM collectors.














 

 

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SimonJones
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October 28, 2017, 04:56:15 AM
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Real estate is fairly safe but if the whole financial system comes crashing down then real estate may suffer too. Gold would probably be safe also.

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October 28, 2017, 04:58:33 AM
 #5

Assets; anything that increases in value as time passes. Say I have been to a place where plate numbers are actually an asset. But the most common steady investment and somewhat secure is as it has been mentioned, real estate and gold I would also add lands; When I have enough cash I will get me a land specifically for farming and lease it to farmers.
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October 28, 2017, 05:07:36 AM
 #6

I would suggest you look for something that creates non-stop income stream.

So far, most of us have been doing some savings and insurance only.

I would like to spend less than what I earn, but instead of limiting the spending I am constantly looking to expand the income limit.

I cannot say I got any such source, but it seems Direct selling has some potential. (Traditional businesses to have, but at present I could not afford to lose anything that I saved.)

If you have enough money, buying assets is good one. If you are buying a land or building, I would suggest to buy near a commercial area. Instead of just providing shelter for ourselves, it will also earn some money for us. (Not only us, it will last for generations to come.)

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October 28, 2017, 05:16:46 AM
 #7

I think storing in a bank or in a crypto is equally at risk, but it looks like the bank has more security than crypto. Banks are usually supported by the government, and if a problem occurs, it is still possible not to lose. but in a crypto, if we keep it in a private wallet, once a problem arises like a hack, all the problems will be our own responsibility. for alternatives, I prefer to develop my funds on farming and  poultry farms (very supportive in my region), and buying gold is also highly recommended, because I do not think the price is very quickly changed. and for crypto, I still believe in storing bitcoins

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October 28, 2017, 05:17:22 AM
 #8

As for me, I would diversify it. Maybe some for stocks, mutual  funds, some gold jewelries. Some  may be for time deposits in banks. But if I do have money to afford real states, I would do so. Not just it would appreciate its value over time, it can also be used as a passive income. You can rent the property and have a monthly income. In that way you could maximize your earnings. Like what they always say, it’s not how much money you earn, it is how you earn it. You can earn massively but if you dont have the right mindset, then its no use. Learn to diversify and let your money works for you.

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mondobitcoin
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October 28, 2017, 05:32:29 AM
 #9

cryptocurrencies are a good way for hold the money, but the price is unstable
hide it under the bed is a good idea too Cheesy
I think that the best way is to buy property (houses) and make profit rending them

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October 28, 2017, 05:36:59 AM
 #10

Like most of ppl on this forum, I believe in the monetary crash to come and I want to take my savings out of the bank.

Who thinks there's a monetary crash to come? This the first I've heard anyone on this forum mention it.



Safest way to preserve your wealth is through ownership. Own crypto assets, own stock, own real estate, own land, own companies. That's it.

Keep your money out of fiat currency because fiat currency has an endless supply, which deteriorates spending power. That's it.

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October 28, 2017, 05:40:28 AM
 #11

Real estate is fairly safe but if the whole financial system comes crashing down then real estate may suffer too. Gold would probably be safe also.

I would think Real estate is one of them but provided you live in it or it is in your vicinity so that you can keep checking the conditions and know that no other person has entered over their.

On the other hand gold is also a good option as you can anytime sell it whenever you need it and any amount vs for real estate it is not that easy to sell it.

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October 28, 2017, 05:41:21 AM
 #12

Like most of ppl on this forum, I believe in the monetary crash to come and I want to take my savings out of the bank. I invested in about 7 different crypto already but only a certain amount that I can allow myself to loose in case of a crypto collapse. Not brave enough (or crazy) yet to put all my savings in crypto.
But I definitely want zero $ on my bank account soon, and I was wondering what would be the safest way to hold your money (buy lands, invest in gold, hide it under the bed, invest it a myriad of different businesses...). Thoughts?


I prefer to invest all my money because it will get big profits. most people who have a lot of money, they prefer to invest it. sometimes a lot of people who do not want to invest for fear of their money lost in case of problems, I advise before investing must be thoroughly place invest our money.

BossMacko
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October 28, 2017, 05:43:23 AM
 #13

Besides investing in Crypto, you should focus in investing in lands, It is the same what i am doing now i am still paying for the land that i bought because i believe that in the future this land will cost 100x the price that i paid for to get this land, just make sure that the land that you are going to buy is not a remote area.

   
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Sendibere
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October 28, 2017, 05:46:55 AM
 #14

It would be nice if your business invested your money. Just fine managing and knowing how to run it will definitely earn you money to invest. Instead of putting in your bed you will have business. Along with crypto investment it's definitely a good combination.

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October 28, 2017, 06:06:00 AM
 #15

I am in the commercial and now looking to spend money on purchasing plots in future selling, however we have some way of life where we need to spend cash too.

I am too delayed in joining Bitcoin, so don't have much plans except purchasing Industrial place, but this time the tax rate is too high for getting Orders form Industries.

The best investment is property at this time where property prices are increasing daily.

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October 28, 2017, 06:37:31 AM
 #16

The best option for hold money other than crypto may be investment in property, gold and stocks as it can provide benefits even though it takes time, but the best investment still is crypto because investment in crypto can provide huge profits in a short period time

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October 28, 2017, 06:41:28 AM
 #17

It depends upon the amount of money you are holding. Buying a house to rent should give income and capital,so should carefully chosen company shares. How safe do you feel making such financial decisions?

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October 28, 2017, 06:46:02 AM
 #18

Real estate, no doubt. I'm currently looking into it and have invested on a 350 sqm lot at a strategic place near the metros. A lot of land developers are drooling at these strategic places and would pay you a ton of money just for these lands. It isn't difficult to maintain too, plus the fact that over time, the lot becomes more and more expensive as the need for housing spaces and commercial establishments arise. Crypto is good for storing in 5-10 years, but if you want a longer time frame than that, try investing in real estate.

Yeah, I agree. This is the first thing in my mind when it comes to investment. Buy apartments or condo units and have it rented and in no time you have the ability to fully paid. That's what I do in 2008 when a purchase and house and lot in our place. Its only about 5 years from now that I will have paid it already. And the price has already appreciate in the last 9 years or so. If I have sell it today, I could have doubled or tripled my investment already. However, I won't do that because is one of the best investments I have and I will give to my kids when they grown up, sort of inheritance. So to answer the OP, gonna be real state all the way.

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October 28, 2017, 07:11:01 AM
 #19

Like most of ppl on this forum, I believe in the monetary crash to come and I want to take my savings out of the bank. I invested in about 7 different crypto already but only a certain amount that I can allow myself to loose in case of a crypto collapse. Not brave enough (or crazy) yet to put all my savings in crypto.
But I definitely want zero $ on my bank account soon, and I was wondering what would be the safest way to hold your money (buy lands, invest in gold, hide it under the bed, invest it a myriad of different businesses...). Thoughts?


Hide it under bed? It could be good, but there's one more way that works. Keep your money on your mother, your mother will take care of your money, even she will not give your money to you easily, she will interrogate you, she will ask for what the money is. Your mother will not let you waste money. So your money will be safe in your mother.

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October 28, 2017, 07:16:17 AM
 #20

Like most of ppl on this forum, I believe in the monetary crash to come and I want to take my savings out of the bank. I invested in about 7 different crypto already but only a certain amount that I can allow myself to loose in case of a crypto collapse. Not brave enough (or crazy) yet to put all my savings in crypto.
But I definitely want zero $ on my bank account soon, and I was wondering what would be the safest way to hold your money (buy lands, invest in gold, hide it under the bed, invest it a myriad of different businesses...). Thoughts?

Buying land this is good choice in my country because it's a safe and profitable way, but must have enough capital and expertise to choose potential land. Personally I have constraints in this investment sometimes there is a potential land but I don't have enough capital

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