[the best hedge is to pay off all your dept]
I must be a statistical anomaly, because I've done just that (paying off all my debts like my student loans) and I owe nothing.
So, I have my funds in cash, money market funds, and a few option puts, and I'm just waiting for the collapse.
Everybody wants to extend me credit, but I won't sign for any debt, because, while things are going well for me financially right now, I don't know what the future holds. So, I hold off on major purchases, drive a 10 year old Honda Civic, and live in an apartment instead of buying a home. And I wait...
Sooner or later, the deflationary crash will come, and then, everything will be much cheaper (because people will be selling for pennies on the dollar to cover their debts), and cash will be king.
Paul McGinnis |
