Hobo
Recycles dryer sheets
- Joined
- Sep 28, 2008
- Messages
- 274
I have never been a great fan of investing in the stock market. Maybe because my father was a stock broker who was on the verge of getting rich, but died a pauper. Or maybe it is because my analysis about stock always turns out to be wrong.
I did make a lot of money in real estate as rental units - as spelled out in the book "Rich Dad, Poor Dad". But it will be some time (ie, years) before money can be made in the real estate market.
However, if you are looking to live in a foreign country when you retire, now is an excellent time to buy real estate in countries where the dollar exchange rate has skyrocketed. One example is Australia, where the value of the AUS$ has fallen almost 40%.
The dollar has never been stronger in many countries through out the globe. It is also a great time for Americans to travel - Europe being one example.
For anyone who has any investment plans involving a foreign country and spending some significant amount of money, now is a great time to take advantage of the favorable exchange rates.
I did make a lot of money in real estate as rental units - as spelled out in the book "Rich Dad, Poor Dad". But it will be some time (ie, years) before money can be made in the real estate market.
However, if you are looking to live in a foreign country when you retire, now is an excellent time to buy real estate in countries where the dollar exchange rate has skyrocketed. One example is Australia, where the value of the AUS$ has fallen almost 40%.
The dollar has never been stronger in many countries through out the globe. It is also a great time for Americans to travel - Europe being one example.
For anyone who has any investment plans involving a foreign country and spending some significant amount of money, now is a great time to take advantage of the favorable exchange rates.