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Updated over 13 years ago on . Most recent reply
Aftershock
Hi, everyone.
I've been lurking for a while and decided to put my first post out here. Yesterday, I saw a video about a book titled Aftershock. It's some economists' predictions on what we can expect to happen over the next several years. I have some rentals that cash flow nicely. They're financed on ARM's that will reset in 3 years. (I didn't find any fixed mortgages at the time.) I plan on reading the book and I'm curious if anyone has read it and has an opinion. Although the authors seem to recommend buying gold, I think my best bet would be to accelerate the pay down on my mortgages instead. Over time (and especially if inflation hits as they predict), I think I would get a better "return" on my money by saving what the interest would have cost compared to the few thousand I MIGHT make IF gold goes up another few hundred dollars an ounce. I'm not an expert on markets, trends, etc. and my investments are pretty basic (rentals, ira's at Vanguard). I'm worried about making a misstep. Any advice?