“I fear no man. No mortal.”
~ Mike Tyson
Written by Bryan Lutz, Editor at Dollarcollapse.com:
Yesterday, I received an email from long-time subscriber, D.V., asking for advice on retirement.
He wrote:
“Bryan, I have been listening to warnings of an impending dollar collapse crisis from many sources including my favorite Dollarcollapse.com the past few years. What are the 2 best ways for a retired person with annuities to prepare for this upcoming crisis?”
Although I am not legally entitled to provide investment advice, there is an interesting trend over the last few years that may provide some insights.
With so many people on social media…
And so many hypnotized into the same, robotic mainstream media talking points…
The majority of people have forgotten how to think for themselves.
I am not suggesting my friend, D.V., does not think for himself, no man is an island. And that’s not really to point I’m going to make.
Because we all borrow from those around us, or those who have come before us in some way or another. What I am suggesting is this…
If those us who have flushed some our time down the social media toilette realize one thing:
We want to maintain connections with people, but we also need to be different. Except it is very hard to be different online without aggravating your relationships, which brings me to the helpful trend I want to share with you.
There’s this new, almost radical, incredulously glorified trending term I’ve been seeing over the last several years.
It’s called: “Sigma Male.”
Unlike “Alpha Males,” who dominate others, and “Beta Males,” who are submissive, “Sigma Males” are detached from hierarchies altogether – that’s what they say.
Maybe it has something to do with being a “man” in this backwards, collapsing culture, but alas…
It is a good example.
You see, they say Sigma Males have this way of independent, non-conforming, self-reliance to execute their own sense of purpose.
They simply detach from what everyone else is doing, and they find their own path.
So, if I were retiring with annuities…
I would first figure out what my purpose is for the next potentially 25 years of my life. Whatever your situation is is your situation.
More money will not solve your purpose problem, because you can often be purposeful in small measures and large. Whatever you want to do with your life should, and probably will be different than many other people. Too many of us think of the money first.
(Charles Hugh Smith did this great post about 3 months ago a retired married couple living on $30,000 a year.)
The thing is…
Too many of us think of money as the end, instead of the means like…
If we had more, we’d be able to do more, BUT – without money, you can’t do anything at all.
So the second thing I would do is figure out how to protect what I have. I don’t know where D.V. purchased his annuities, but they are often vehicles purchased as a form of insurance. And insurance is quite a reliable income.
That’s because insurance is a means of protecting what you already have…Sound familiar? That’s the kind of security you want for yourself.
(those insurance corporations are thinking ahead aren’t they?)
All the rest of your efforts should be towards protecting your retirement savings from too often overlooked fees (taxes, and inflation), and then securing your investments outside of what everyone else is doing.
That’s called understanding contrarian investing…
Believe it or not, gold is still a contrarian investment.
Many of the long-time, dividend producing grocery stores, construction supply, and oil companies are still contrarian.
Also, most people hate this, but Bitcoin is still contrarian (maybe it’s in its last stages of being purchasable by the average retail investor).
The other way is to lean your portfolio heavily into gold, silver, and mining stocks, but you need concentration… and knowledge for that.
If that’s something you’re willing to invest about $15/month(annually) for, then you may want to check out dollarhedgeinsider.com, edited by dollarcollapse.com’s ‘Gold Prodigy’, Dave Skarica.
Otherwise, no worries.
Take care.
