Casey wrote: ↑
Tue Nov 07, 2017 4:12 pm
The definition of bubble that resonates with me is when asset prices rise significantly faster than wages & income.
Yes, but gold has been doing that and that's why people invest in it, making it do it more
gold is often leased between the largest players in the financial system and technically would throw off income in that scenario
That's interesting. It's also a bit worrying, isn't it? I don't quite understand short-term leases (for profit, as opposed to a cheaper way to rent), as I assume there's a devil catch the hindmost aspect? It's also a mechanism for stoking a potential bubble isn't it? Just speculating.
glassynails wrote: ↑
Tue Nov 07, 2017 7:27 pm
Thanks all! I'm in no big rush. I am going to first pay off a credit card I have that's costing me over a $1000 interest every year and I do need a new car in a few months. I'm wondering though if I should use this money to pay off a car or take out a loan.
Buy the car, unless the money can be invested in something that earns more than the loan will.
Mind, I knew someone who had carefully used cards for investment in fine art this way and when his lump sum came along and he paid the cards off, the bank repossessed them all to his surprise - they looked upon it as killing a potentially toxic debtor.
Pay off the cards (almost the most expensive form of debt on the planet), glassy, but have a follow-up plan.
Thing is, glassy, you are starting to give us information you should have given us in your OP
And your situtation is a very basic one, and I suspect that every penny spent on a financial advisor will be money wasted (sledgehammer to crack a nut). Perhaps that's why you asked us in the first place.
1975 Calatayud y Gisbert, Yamaha CG131S.