Post #1971 by sykesix on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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In a way, the most robust thing to do is probably just plain a lot of work: don't limit yourself to public markets. Buy (or start) a dry cleaning business in Manchester, and pocket the modest profits. Choose line(s) of business and jurisdiction(s) to suit your tastes--there are surprisingly few restrictions on foreigners starting or owning private businesses in a lot of countries if you stay away from finance and news.

Interestingly, you can often buy small private businesses like restaurants for two to three times earnings. You're buying a job too of course. But it is much cheaper than buying public companies most of the time. I think this is why we've been seeing waves of private equity buying up what were typically independent business like HVAC contractors and vet clinics. You can manage them all the same way, so scales easily.

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