So I am in the process of probably making long term investments with the goal of growing at 5% each year. Now this does seem like a generally achievable task. These are hopefully safe investments with little to no risk, in the sense that they have a small chance to depreciate.
An example is I just bought a 1995 Chevy suburban, it can seat 9. It has a year old transmission that cost $2,000 to install. The truck is in great condition, runs great, vortex engine, 15 or so mpg, blah blah blah.
I spent $3,000 on the vehicle. The modest goal is for the vehicle to be worth at least $8,000 in 20 years. Is this a good investment? Could it be worth $20,000 at some point?
What would y'all recommend with the idea that the world will still exist in its current form? How much has really changed since 1992? Maybe buying stock in a company like Coca-Cola that will be around? Maybe a high dividend stock (although relatively high risk here) ? Should I buy land without sewer access around cities/towns that should likely grow within the next 20 years in the hope that the city will bring the sewer towards the land? Land will always be valuable, right? Should I just play the dow or S&P etf?
Many long term opportunities out there in this current market, the question is what are they?
SBR, I need advice!!!!