By buying off the bottom in the real estate markets, I’m doing the best I can to protect myself from any future calamity. Time will tell whether it will work. Porter Stansberry Read Quote
I’m happy to make returns of 4% to 6% a year on my real estate portfolio. If inflation comes along I’ll be able to increase rent and have capital appreciation roughly in line with inflation. Porter Stansberry Read Quote
I’ve been buying real estate because it’s an asset I can control, that I could finance extremely cheaply if I chose to. I do not choose to; I buy my real estate in cash. I’m not interested in making money on it. I just want to keep my money safe. Porter Stansberry Read Quote
I can tell you what happens to countries that go bankrupt. I’ve been to Argentina. I’m familiar with the history of Mexico and Great Britain. We’ll see the same things here shortly: inflation, huge tax increases, capital flight and, eventually, capital controls. Porter Stansberry Read Quote
It’s not hard to generate a paper fortune in a huge inflation. All you have to do is own the most important economic assets: energy, communication, and transportation. Porter Stansberry Read Quote
You can survive your income falling if it’s not dramatic. Your income can decrease for a long time before you start living beyond your means. Porter Stansberry Read Quote
The Fed’s buying is far more important to the market price of U.S. debt than any other economic variable. If the Fed stops buying, it doesn’t matter whether unemployment goes up or down. It doesn’t matter whether inflation is higher or lower. Its influence on the market is dominant. Porter Stansberry Read Quote
The yuan is actually a very attractive currency and will prove to be very reliable-much more so than the U.S. dollar. Porter Stansberry Read Quote
There’s been a dichotomy in the world financial markets over the last 30 years between the developed markets and the developing markets. Brazil, for example, always had to pay a lot more in interest to borrow money than governments in developed nations. Porter Stansberry Read Quote
Stocks actually can be a very good hedge against inflation, and short of hyperinflation, stocks will have the ability to increase their dividends to match the rise in prices. Porter Stansberry Read Quote
