Could you pls just clarify this one sentence: “Don’t buy retail, department stores, shopping centres— hard assets and stocks. Keep some cash…the older the more. Do you mean “buy” hard assets and stocks?? And what do you mean “keep some cash – the older the more” huh?

Could you pls just clarify this one sentence: “Don’t buy retail, department stores, shopping centres— hard assets and stocks. Keep some cash…the older the more. Do you mean “buy” hard assets and stocks?? And what do you mean “keep some cash – the older the more” huh?

Owner Asked on September 10, 2019 in Real Estate.
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Thanks for pointing this out. You are SOOO right! Very confusing. I spelled it out in the ‘Yeah but story’ and at all conferences but did not do it justice in this segment.
What I meant to say was this: We are going digital. Thus, department stores, shopping centres and a lot of chain stores are doomed. A report done by Credit Suisse estimates that 20% to 25% of malls would shutter over the next five years, largely because of store closures. In 2017, 6,400 stores closed – a further 3,600 are closed in 2018. Advice, don’t buy a business/store etc. in a mall, do not buy Dept. store, clothing chains etcOvernight delivery kills shopping centres…
Opportunity may however be in warehouse storage downtown or near downtown because of the overnight delivery. We also have recommended for 25 years: Buy your own office/industrial/retail store. Buy: Strata office/strata warehouse.
Age and Cash…Over 70 – have 50% in cash, 40% over 60, 30% over 50. Below 40? Go for the brass ring…you can make it back if you lose.

Guru Answered on September 10, 2019.
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