Investing in hard assets to offset inflation and devaluation, avoid taxes, and protect against energy interruptions and hikes
We took a chunk of our retirement portfolio and cashed it in to buy as large a solar array as we could, heat pumps for everything, a battery, and a plug-in hybrid. Our reasoning was that
1. Hard assets are safe from inflation.
2. The energy bill savings are better than a good safe return on that money.
3. Saving money is untaxed, income is taxed.
4. We will have long-term security by buying twenty years of energy now at today's prices.
5. Self-generated power is uninterrupted by local, regional or world events.
6. World events only reinforce the need for secure energy.
7. Rate hikes just make the investment that much more profitable.
Market correction? We've protected a chunk of our savings.
Supply interruptions? We are safe.
And our kids are delighted at the 4000 tons of CO2 we will not be producing.