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Gothenburg

Joined
11 Mar 16
Moves
27048
15 Jan 21

@lemondrop said
thank you
the good thing about twinkies is that they never go bad
these have a do not sell after 10/15
It took me a while to find them...

Treat Everyone Equal

Halifax, Nova Scotia

Joined
04 Oct 06
Moves
600190
15 Jan 21

@torunn said
It took me a while to find them...
I'm guilty I hid them!

-VR

Joined
10 Jan 08
Moves
16953
15 Jan 21

@ghost-of-a-duke said
I bury my money in a local park.

I've said too much...
I knew it, feeding them squirrels, who are you trying to kid? 🐿 which park may that be? If flights are ever resumed from S. America I’ll have to go and visit, also feed the squirrels.

Joined
10 Jan 08
Moves
16953
15 Jan 21

@torunn said
We may need two specialists - one cautious (Stees) and one brave (who?). I can only manage my own economy.
About a year ago when this all started to pop off I told a few people that bitcoin would hit record value, should have listened to myself and bought 1. Think it was around $4 or $5k when I checked at the start and it’s now around $30k 😱

Treat Everyone Equal

Halifax, Nova Scotia

Joined
04 Oct 06
Moves
600190
15 Jan 21

https://money.cnn.com/2018/09/11/investing/bitcoin-crash-victim/index.html

An estimated $400 billion has been wiped off the value of major cryptocurrencies since January.
Sean Russell's life savings were among them.

Read more at the above site.

-VR

Gothenburg

Joined
11 Mar 16
Moves
27048
15 Jan 21

@trev33 said
About a year ago when this all started to pop off I told a few people that bitcoin would hit record value, should have listened to myself and bought 1. Think it was around $4 or $5k when I checked at the start and it’s now around $30k 😱
A nice profit, but if we are not the gambling or adventurous type we hesitate and prefer to stay safe.

The Ghost Chamber

Joined
14 Mar 15
Moves
28741
16 Jan 21

@torunn said
A nice profit, but if we are not the gambling or adventurous type we hesitate and prefer to stay safe.
My grandad always told me to invest in bricks and mortar. (Property). It is the only investment that always goes up. (If you are prepared to play the long game and ride out any slumps).

Pawn Whisperer

My Kingdom fora Pawn

Joined
09 Jan 19
Moves
18723
16 Jan 21
1 edit

@ghost-of-a-duke said
My grandad always told me to invest in bricks and mortar. (Property). It is the only investment that always goes up. (If you are prepared to play the long game and ride out any slumps).
Sure enough, because the population keeps going up, but not in all places.

I know someone that invested in land in northern Maine and he held the land for years.
He says the rise in value didn't even keep up with inflation.

But in any metropolitan area, land is a winner.

Treat Everyone Equal

Halifax, Nova Scotia

Joined
04 Oct 06
Moves
600190
16 Jan 21

@torunn said
A nice profit, but if we are not the gambling or adventurous type we hesitate and prefer to stay safe.
Absolutely torunn...Especially if you took the time to read this:

https://money.cnn.com/2018/09/11/investing/bitcoin-crash-victim/index.html

-VR

Gothenburg

Joined
11 Mar 16
Moves
27048
16 Jan 21

@earl-of-trumps said
Sure enough, because the population keeps going up, but not in all places.

I know someone that invested in land in northern Maine and he held the land for years.
He says the rise in value didn't even keep up with inflation.

But in any metropolitan area, land is a winner.
I have learned that owning property such as villa, condo or similar is always a good investment on the condition that you sell at the right time.

Treat Everyone Equal

Halifax, Nova Scotia

Joined
04 Oct 06
Moves
600190
16 Jan 21

@torunn said
I have learned that owning property such as villa, condo or similar is always a good investment on the condition that you sell at the right time.
Property is always a good investment, but you also have to have the cash flow to do the up keep required. Depending on where it is property taxes can be high. In the end you want to make more on the property than you paid for it, obviously.

-VR

Gothenburg

Joined
11 Mar 16
Moves
27048
16 Jan 21

@very-rusty said
Property is always a good investment, but you also have to have the cash flow to do the up keep required. Depending on where it is property taxes can be high. In the end you want to make more on the property than you paid for it, obviously.

-VR
I can only judge from the Swedish property market from early 70's up till now and buying property - house, condo - has been a secure investment. I hope to move to another part of Gothenburg within in the next couple of years, need to be closer to family, and I have to start calculations again - how much can I afford, that sort of thing. Exciting! 🙂

Treat Everyone Equal

Halifax, Nova Scotia

Joined
04 Oct 06
Moves
600190
16 Jan 21
1 edit

@torunn said
I can only judge from the Swedish property market from early 70's up till now and buying property - house, condo - has been a secure investment. I hope to move to another part of Gothenburg within in the next couple of years, need to be closer to family, and I have to start calculations again - how much can I afford, that sort of thing. Exciting! 🙂
Exciting indeed, nice to hear you have done so well!

-VR

Gothenburg

Joined
11 Mar 16
Moves
27048
16 Jan 21

@very-rusty said
Exciting indeed, nice to hear you have done so well!

-VR
I never thought of my apartments as investments - it was a natural way to live, in corporations - but it has turned out right during the decades I have been involved. But I have yet to solve the last one. 🙂

Treat Everyone Equal

Halifax, Nova Scotia

Joined
04 Oct 06
Moves
600190
16 Jan 21

@torunn said
I never thought of my apartments as investments - it was a natural way to live, in corporations - but it has turned out right during the decades I have been involved. But I have yet to solve the last one. 🙂
You will solve it!

A green tea when you have a chance please.

-VR