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Where to invest $

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adamc465
6/22/2016 15:46 EST

Just curious what all of you have experienced as the best form of storing o investing your money. The banks in the States are limiting more y more cash accesses. I plan on traveling for a while so im looking to place my funds in an account outside the states with online accesses. Offshore, bitgold, bitcoin...any suggestions y warnings?

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ajhubb12
6/23/2016 13:24 EST

If you can find a bank with an IRA account, that would be something to look into. An IRA account builds interest over time a lot quicker than a regular account would.

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expat0tree
6/25/2016 12:34 EST

storing money in the bank does not generate interest anymore, no matter where you are, especially in the developed economies. japan has already introduced negative interest rates, in other words savers are being punished for hoarding money. europe i believe is to follow suit, especially now that UK is out, economy is stagnating and the markets are more volatile than ever.

how to invest?

bitcoin is more volatile then the euro, not sure about stocks either.

if i was rich i'd probably invest in expensive real estate (nice location) and live in it while paying property taxes, make improvements, get more education and then flip it, or start a business, find good staff to manage it and let it run while you can go backpacking around the world! just make sure not to get on one of those sketchy tour buses in nepal that occasionally roll off the mountain killing everyone on board.

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