I watch and analyze the markets way more than the average investor. The signs are there, gold is spiking, stocks are soaring, and I have laid out a plan to get rich with my small amount of assets. The plan goes like this 1) Sell all 74k worth of my stocks now (everyone of them is at a 52 week high) 2) Take all that money and buy Bitcoin 3) Hold Bitcoin until the fear of a economic recession is so strong the value of Bitcoin jumps massively. 4)Sell said Bitcoin at a stupid high price and hold the money for the upcoming stock market crash. (I would keep it in Bitcoin longer but I'm unsure how Bitcoin could handle a recession due to a lack of data/understanding) 5) Repurchase the same said stocks I had, but at bargain basement prices with my Bitcoin invested cash and earnings. 6) I also have a CD that will mature in a few months. I will use that CD to purchase two cheap houses during this recession. 7) Collect rent on said houses for a little above mortgage payment cost enough to cover taxes and repairs. 8) Wait a few years after the recession ends and sell the houses at much higher than purchase price. 9) Push the money I made off of the homes back into the stock market towards high dividend yield stocks (like AT&T). 10) Collect dividends and continue expanding into real estate!
Well that's the plan. Let me know what you think or how I could improve this little idea.
Submitted January 19, 2020 at 09:27PM by IrishCoffee101 https://ift.tt/2TD44JV
