Most people I know are convinced that a dystopian future will come true, due to global warming, overpopulation, etc.
I strongly believe that these threats are over-hyped and would like some benefits for being right.
Is there something mid-range (20-30 years or so) that I could do (like a future, but very long lasting) to get paid for being right?
I think the future will be amazing. But I'm sick of being chastised for this view and would like to benefit from it.
2006-12-27 10:44:08 · 5 answers · asked by Ejsenstejn 2 in Social Science ➔ Economics
The major disadvantage you have here is that all the naysayers (or most of them) continue to work hard as before and to go after opportunities as they always have. Since they're not completely obsessed with the idea of a bad future, they've continued to live their lives and only from time to time do they allow their cynicism to influence their decisions.
What this means is that for all the negative attitudes, there is no increase in opportunity for you because of it. The only advice would be to find a particular industry that is supposedly on the outs (but that you think has a bright future) and invest heavily in it.
2006-12-27 10:55:49 · answer #1 · answered by Ryan 4 · 0⤊ 0⤋
I sympathize with you 100% -- it's quite fashionable to chatter about the evils of the modern world and capitalism etc, and to some degree I think people are hardwired by evolution to be stupidly pessimistic. I too have often wondered how to make money off other peoples' stupidity.
I think the best thing you can do is bet on investments that will be successful over the long term in a world where people become wealthier. I think that just means investing prudently especially in stocks and land, and taking advantage of any market corrections. And avoid the kinds of things that paranoid people invest in, such as gold.
2006-12-27 19:03:06 · answer #2 · answered by KevinStud99 6 · 0⤊ 0⤋
Go long. Buy on margins and hold your stocks. Get in a program of regularily buying mutual funds, this covers you for broad gains and against narrow losses. If you think commodities will rise you can get even better leverage. Stocks have little leverage,
2006-12-27 18:55:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You have come to the right place I am willing to take the bet, any amount you want, I will give odds, My cousin will hold our money until the bet is finalized, as soon as she gets out of drug rehab, I will set it up with her.
2006-12-27 20:41:56 · answer #4 · answered by Robert D 4 · 0⤊ 0⤋
Buy insurance company stocks, especially those that insure a lot of real estate in coastal areas.
2006-12-28 13:44:25 · answer #5 · answered by meg 7 · 0⤊ 0⤋