Hi,
I'm new to this forum but have been lurking a while. I could use some advice on FIRE (Financial independence, retire early) in these turbulent times. I want to go FIRE but I'm very hesitant on how to approach the situation at the moment with all the things going on in the World. Maybe I have been watching too many Youtube videos about 2020 stock market crashes, gold investments, Robert Kiyosaki radio shows, the FED and ECB (European central bank) printing money like crazy buying up government bonds (with the risk that the bond market will crash), risk that the Euro currency might crash and all EU countries go back to their original currencies, negative interest rates on savings accounts, too many evictions going on in the US, housing crash, Corona slowdown, travel restrictions, TSLA rising to astronomical heights within a month etc.
On the other hand, other people invest and live their lives like there's no tomorrow.
The more I read, the more I get confused with the information overflow.
I know there is no definite answer, but imagine the following scenario:
1. You accumulated 500k USD (or 500k EUR) in your savings account as cash.
2. You have no debt whatsoever, no real estate and you are 100% independent and free to move everywhere.
How would you proceed tomorrow?
moustachedane