I'm just going to ramble for awhile...Pass on, if you wish. About 3 years ago my wife and I sold a small farm (about 20 acres) in California. I wanted to buy something that would keep up with inflation. That was the SOLE reason for the investment. Not even to make money, but to diversify against inflation. I'm 67 going on 68. I did not want another rental!! I've had rentals since I was 18 and especially in CA, I didn't want to continue that route. We own our nice house and one 1,300 sq ft. rental...Free and clear. We also have a diversified portfolio of stocks, bonds, CDs, stock in other countries, cars, gold/silver, etc. I/we are thinking of selling the lot. It's about 1/3 of an acre. It is a great location, overlooking a walking park. The minimum sq ft of a house on this property would be 2,500. You can put an in-laws flat on it also. The property would sell for about what I would paid for it 3 years ago...$250,000. to 300,000. Yeah, I have lost because of taxes, insurance, and time decay from basic CDs/bonds, escrow/Realtors fees. But, back it the day, Congress (and The President) were spending like there was no tomorrow. I believe in the next few years we will see inflation ranging between 4-8%. We do not have to sell...We may just want to not have this over our heads, as we get older and frail. One less thing in the estate to worry about. It is costing us about $10,000. in taxes and insurance. It is a special assessment district for the park area. What would we do with the money if we sold the property? We'd invest it in things like: QQQ, SPY, an EFT of the Australian All Ordinaries, Exxon, ADM. Go with equities, but the best inflation protection we can find, under the circumstances. My wife nixed the idea of using our spare bedroom to hoard toilet paper and paper towels!! So tell me the moves you would make and why. Would you sell or hold? Please, no "your an idiot" or iron condor/butterfly spreads. I'm too old to go that route.
Your non-income producing asset has a 3% to 4% annual expense ratio. The appreciation potential for the asset partially depends on the population density in a state with a declining population. I would sell it unless you have a good argument for a significant increase in value in the next few years.
Super inflation...How to protect against it when you are old? If I was younger, I would buy a rental (maybe in another state). Now, it is more estate planning and keeping it simple. I've racked my brain for years to come up with something to protect against it. I have not found an answer... https://www.google.com/url?sa=t&rct...usg=AOvVaw3pD1E8dj8yr6pqBy9xVLIi&opi=89978449
Maybe https://www.investopedia.com/articl...y do,perform well under inflationary pressure. For example, in the tab-separated etfs.csv:
I'm almost over weighted in gold and silver (coin and ETFs). Consumer staples does make sense and I'm looking into those...
It closed today...I think I got more that I thought I would. Just put some in US Treasuries and two stocks (XLB & BSG). I'll hold the rest in Fidelity's money market account...Waiting for anything that looks good. Boring I know...