How Long Will You Wait?

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Pexels

Imagine:

You're blindfolded and standing on train tracks.

You can hear what sounds like the train approaching quickly, but can't be sure.

You can stand on the tracks for free.

Once you step off the tracks, you'll be charged $100 per second.

When will you step off the tracks?

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@themanwithnoname

palnet busy money ssglife foodforthought
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I would wait for the engineer to blast the horn and then get off the track.

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I was thinking more metaphorically, specifically in regards to the financial troubles that are headed our way. Your idea isn't bad for a literal train though! :)

!tip

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Metaphorically, that is an interesting question. The Feds can only delay the fore coming train wreck for so long.

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I'm impressed that you know what the Fed is. Most people don't. Unfortunately for all of us, the Fed is the company that created the train and is running it headlong toward doom. The best thing we can do is get out of the way by investing in things that have no counterparty risk, such as precious metals.

Not investment advice

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Diversification is the key. Physically holding assets is always a good thing. Assets on paper may not be accessible when you need them. It happened in Greece; the government limited the amount of money people could withdraw from their bank accounts.

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Take the blind fold off and look. The train might be on a different set of tracks, or it might not be a train at all. We can go through life wearing a blind fold every day, when we remove the blindfold we can then see if it is day or night, if a train wreck really is about to happen.

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That's some deep stuff! You were on the same track (pun intended) as I was. I was also thinking more metaphorically, specifically in regards to the financial troubles that are headed our way.

!tip

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Am I on Scooby Doo? If so I do not step off because
it's a ghost train.

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(Edited)

Ha ha ha, that's a good point! I was also thinking more metaphorically, specifically in regards to the financial troubles that are headed our way. Better to be prepared sooner than later.

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