What is the safest investment for future wealth?

[yukookoo]

Say you had a chunk of cash that you wanted to leave to your kids. Of course you want it ideally to be a bigger chunk of value when they inherit it.

In our current world where would you put it?

Real estate? Then i assume if there is more than 1 child they would sell it and split the profits, or rent it out and split the profits.

Bank? cd, mutual fund etc?

Wallstreet is obviously not safe...


I'm really new at this. But I feel like money is not safe in the bank, not safe in cash under my mattress, probably not safe in real estate as it all just plummeted

Commercial real estate?

If you are investing what are you investing in and where is your money?

[A&A]

Some people say silver is a relatively safe investment right now if you have the money for it.

[amyamanda]

Originally Posted by yukookoo

Say you had a chunk of cash that you wanted to leave to your kids. Of course you want it ideally to be a bigger chunk of value when they inherit it.

In our current world where would you put it?

Gold. Especially if it wasn't going to be cashed out for decades. I'd also invest in a good safe for it.

Not that I would know about the ins and outs of buying gold. But if I had money, this is what I would do with it.

Or possibly a combination of gold and silver.

[chezlyryan]

There would also be taxes on the real estate until they sell, so you would have to consider that cost. And real estate always goes up and down. It crashed now, it crashed in the early '80's. At least it is physically present, you can do something with it, and you can probably get something good for a cheaper price than 3 years ago.

Mutual Funds are linked to Wall street, or that was the impression I was under. A GIC or bond would be the safest, but not a lot of growth, but even 3% is better than nothing. I believe there is a governmental insurance with banks to insure $200 000 per person per institution. If it is more than that, spread it out into multiple banks.

[Denvergirlie]

I too would invest in gold. Look at what the price of gold has done since the 70's when Nixon severed the link.
Gold used to be priced one to one with the dollar, now it's $1 to $1000+.

[newbymom05]

Originally Posted by Denvergirlie

I too would invest in gold. Look at what the price of gold has done since the 70's when Nixon severed the link.
Gold used to be priced one to one with the dollar, now it's $1 to $1000+.

Not to be a downer, but precious metals go up and down just like everything else. You can go to Kitco.com to see the charts for gold or silver--it went sideways for decades. Plus now gold is at an all time high--a terrible time to buy. I wish I had bought in at $250-$500, but IMHO it's risky to buy now. If you have a long window, I'd wait until it goes down again, which it will. I was a gold bug for awhile so have followed it, and I now believe that it's just as manipulated as the stock market. We invested in a mining stock that's been our best performer, but that was just luck.

I wish I knew the answer to safe investing! If anyone knew, there wouldn't be any poor people, y/k?