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/biz/ - Business & Finance

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17741816 No.17741816 [Reply] [Original]

How will I do in the Great Depression of 2020?

>0€ in crypto or other investments
>0€ debt
>low paid, but 100% stable government job that I won't lose even in the case of a societal collapse
>400€ on my bank account
>2 months of food and basic necessities stacked in my basement
>500000€ in real estate - two flats in the city center and a large plot of farmable area

>> No.17741853

>>17741816
Uh, how old are you?

>> No.17741891

>>17741853
25, just started my first job

>> No.17741915

>>17741816
>>500000€ in real estate
you'll be fine

>> No.17742063

You are prime position to buy everything up at a deep discount. In 10 years you will look back on this and be so glad it happened.

>> No.17742133

Land will lose value but not as much as other fag investments like chain link

>> No.17742198
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17742198

>>17741816
probably pretty good, I am jealous

rate me now
>0.5 BTC, 13 ETH, 3.5k LINK
>0$ debt
>20 y/o studying law
>part-time job as porn editor bringing home $1k home, relatively stable since people watch porn even during society collapse
>0$ in bank account
>2 weeks of food in basement

>> No.17743083

you're in the perfect position to buy gold and silver sometime soon. everything is crashing right now, but gold and silver will skyrocket as they always have. buy the dip.

>> No.17743216

>>17741816
This is not it. Millions of people will die, mostly people who are retired, and that will—forgive me Jesus—be a good thing.

>> No.17744493
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17744493

>>17741816
Am in a similar position
$0 debt, stable job, $6k in bank account
What should I invest in?

>> No.17744557

>>17741891
So your parents already transfered the real estate to you? Or how come you own that much

>> No.17744766

>>17742198
If anything porn use will go up during this recession as will suicides. Did pornhub go public yet?

>> No.17744893
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17744893

>Had 15,000 in savings previously (not a lot i know but still)
>8.5k of that was in my Roth
>Couple months ago got opportunity to buy a new car for an insanely cheap price (15k)
>Took 6k out of savings, got a 9k loan
>Weeks later this shit happens
>$0 in investments
>Renting, dont own any property

am i fucked

>> No.17744920

If you are able bodied and can do physical labor your chances are higher than most.

>> No.17745065

>>17744893
>15k car (cheap price)

get fucked lol.

>> No.17745114

You will be fine fellow government bro. We will be living like Kings as all the wagies pay our salaries.

>> No.17745135

>>17745065
brand new car with 14k miles on it. KBB has it valued at 20-22k