Where to put my money?

I've been putting money into a ROTH account for the last 6 years (I'm 25). After listening to you and your talks about capitalism instabilities, do you think it is likely by the year 2050 the market will crash making my retirement funding disappear as well? If so, should I just invest my money in a house instead or something along those lines?

Official response from submitted

Providing anything like or close to "investment advice" is something I do not do because it requires knowing a great deal about the person being advised. Moreover, it is also an activity that is governed by laws and regulations intended to provide some protection for those seeking advice. So nothing I say here should be construed as a suggestion to buy or sell or hold any form of property etc.

That said, all investments carry risks and especially in a capitalist economy those risks include business cycles of the sort that have plagued capitalist economies since they became the chief economic system in the modern world. Thus many people believe that the safest thing to do is to make sure you do not keep all your eggs in one basket....i.e. diversify as the safest strategy.

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  • Ben Angel
    commented 2017-04-08 21:01:38 -0400
  • Ben Angel
    commented 2017-04-08 20:55:50 -0400
    Property in the right location can work well. I was thinking of buying property and having flats above and shops below. In my case it will be bought as part of a collective.

  • Richard Wolff
    responded with submitted 2017-04-08 02:15:51 -0400
  • Andrew Smith
    published this page in Ask Prof. Wolff 2017-04-08 00:02:51 -0400