If I might restate your question: What could you invest in today while you can still earn surplus cash (today while the blossom still clings to the vine) that later when you can't earn any cash will provide you with a *reliable* source to meet your even very modest cash needs? My thought on the question is that there might not be anything that will do that.
The often heard pronouncement that "God only made so much land" so real estate is as close to a sure investment as you can get - is an equally
cryptic saw and the gods surely have something nasty up their sleeves for
that as well.
has varied very greatly in human history.
Now days residential real estate has two components in its 'value', the real
or pragmatic component and speculative component. This has always been true to some extent, but now the speculative component seems to be inflated beyond all reason. That speculative component is just like playing the stock market, that is, it is gambling.
My parents are in Florida just a little north of the place hit by two
hurricanes this season. Right now undamaged real estate in Florida is
worth a fortune because . . . .
one's favor. But the way I see it, it is better to rely on the perennial
ability to do something like add value to, say, a piece of wood than it is
to cast your bread upon the waters and hope to find it after many days.
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