/biz/ - Business & Finance

>>11918208
>>11918241

This is some great advice. Posts like this are the reason I come to biz.

I'd only add that it's smart to invest money in commodities. They have been in a downward cycle since 2011/2012. Placing a large bet on commodities right now isn't a good idea because it's possible that $900-1000 will be the bottom for gold (always need to shake out the weak hands). I know gold isn't the only commodity but it's a pretty good indicator for the trends of the overall commodity market.

Going back to the previous commodities cycle, the bear/sideways market lasted from 1980 to 2000. The bull market was from 2000 to 2011/2012. The current bear market has been going for 6 years and the economic condition of the world is different now (the systemic risk is much higher). Therefore, I'm betting on the possibility that the commodities bear market will last up to 12-14 years.

Based on the above, right now, it's a good time to start DCAing in a 10/15-year commodities fund. If a commodities cycle starts in the next 5-10 years you will have a significant sum invested at good prices and you will have at least 5 years of bull market ahead of you.

Just bare in mind that it's not a good idea to disregard alternative high-risk investments. Think in all timeframes - short-, mid- and long-term. Have a pot in all of them while young, with a greater lean toward mid- and high-risk investments before you turn 35-40.