How Will You Get Your Money Out?
Rodney Johnson | May 23, 2019 | We're in the thick of the real estate game now. Our home is on the market, which means it's much cleaner, and more spare, than usual. When we have showings, we vacate the premises, and of course need to take the dog. That's more of a challenge than we'd thought, but she's gotten used to sitting with us in the car at the nearby Sonic, and the crew on roller skates thinks she's adorable. I hope they wash their hands after petting her. All of this comes out of our talks about where, and what kind of life, we should live. The house is fabulous, but big, and on open water in a flood prone area. With taxes and flood insurance moving higher, the cost of carry is on a one-way train uphill. In our early 50s, this looks like a good time to sell while there are still buyers for this sort of property. This hits on a theme Harry has written about for a while: not enough Millennials being in a position to buy the housing stock that Boomers want to sell as they move to the next phase of life. It's something that could dramatically reduce the equity Boomers think they'll pull out of their homes, and thereby reduce what they can put toward their retirement. But it goes beyond real estate. What happens in the investment world? I was in Baltimore earlier this week, finishing up some loose ends regarding my about-to-be-launched trading service, Fortune Hunter. I had the opportunity to meet with my editor, and the discussion turned to our parents and in-laws. I told him that one of the biggest frustrations I see with aging Boomers in my world isn't a lack of savings… READ MORE » Trending Stories... Given that we're in the greatest global bubble in history, almost everything is overvalued. We're expecting central banks to keep printing money, interest rates to stay near zero, growth to continue "into a plateau of prosperity." Just like 1929. Dare us to say: it's hard to find good value investments out there. Look at this... Vista Equity Partners Chairman Robert Smith made quite a splash over the weekend when, during a commencement speech at Morehouse College, he pledged to pay off the student loan debt of every member of the class of 2019 who had accrued a tab. Smith is worth $5 billion, so he can afford to be generous.... Just like investors tend to buy high and sell low, politicians tend to react to most major issues (ahem… immigration) by doing the wrong thing at the right time. It's no secret that almost all developed countries, and China in the emerging world, are slowing in workforce and demographic growth – many outright declining. Rodney... The week before we married (and long before we had our first baby), almost 30 years ago, my new boss turned to me and said, "Son, you're never richer than the day before you get married." Hmm. For the next three years, I was reminded daily of his words. Decisions that I made alone before... 100%. That's how much the price of bitcoin increased since December 31. At last check, the cryptocurrency was trading at $7,502, after jumping 14% on Friday and 7% on Monday. For non-mathematicians, that's more than 20% in just a couple of days. Not bad. So, are cryptos back? If you're looking for an investment with... | 
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