Been building up a little savings and thought about how much of a waste it'd all be if hyperinflation happens and we start printing money, look at the chit hole mess Venezuela is in. US currency seems to be unstable and heading down that same path Venezuela did, ppl getting free stimulus checks +600 / week they never gotten before. What's the smart thing to invest in now to avoid getting wreck'd?

why wouldnt it? were not going to be venezuela. and even if we were the money you dont have in saving is no different than money not collecting interest

plus dont think people are getting 600 a week anymore

nope op, send it all to me I'll pm u

10 dollars will always beat having nothing in the bank. moves to make would be to have an emergency fund around 6-12 months, depending on one's situation. Stock market prices are cheaper for the most part, so getting in that would be smart too, so when it gets back up to normal price there would be a profit

or onlyfans if you wanna be on some nut chit

We won’t see the effect of inflation for like 10years.

Usd is global currency

We are doing better than other places (Europe) relatively speaking. We will have AI doing everyone's jobs and universal income before we get hyperinflation

dont be with
50% who dont
have 5k extra
also read about stocks,land,options,commodities,funds as an invest bear in mind investment carry a huge risk of loss as part of the plane

Invest it. Ride dat hyperinflation wave. Nasdaq is a safe bet.

It's always good to have savings especially an emergency fund. OP if you have enough money sitting around and you want to put it to work I'd advise you invest in mutual funds. That way in an emergency you'd be able to sell and have liquid cash ready to help you out but if not it's a safe way to put your money to work and not just let it sit there.

bitcoin

It's best to hold a broad portfolio consisting property, shares, bonds and cash plus further diversify each of these asset types.

So for example cash should be your living expenses for the next couple of years, held between standard bank accounts and longer short term cash arrangements like term deposits or money market securities.

Bonds are your hedge against markets tanking. So you want government bonds but maybe also state or municipal or corporate bonds for a higher rate of return. Since it's for things going really bad, maybe you want gold as well, as a further hedge.

So on and so forth. The only problem with this kind of analysis is that it turns out that the best way to invest your money in a way which provides good long term returns while at the same time protecting you against unpleasant market circumstances, is to be extremely rich to begin with.

Rural land. Buy a couple cows, chickens, plant a garden, etc. That way when SHTF you can live/eat comfortably on your rural land.

Buying gold immediately!!!