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Heres why Cardone doesnt invest in precious metals or crypto, andwhat he invests in instead.
1 for me is, I dont want to lose my money, he told GOBankingRates.
2 for me is, will I get cash flow?
I would never invest in gold, he said.
Ive had opportunities for years to invest in gold.
I would never invest in gold because it doesnt cash flow, and I cant write it off.
Cardone compared investing in gold to gambling.
When it appreciates, I have to sell it, he said.
And once I sell it, I have to find another investment.
This is the game.
This is a casino I win at blackjack, I go to the craps table.
While Cardone sees more utility in investing in cryptocurrencies like bitcoin, it still doesnt meet his investing criteria.
Could I support the bitcoin story?
I could, but it doesnt cash flow, I dont get a tax write-off, he said.
Why He Favors Real Estate
Cardonesgo-to investment assetis real estate, which meets all of his criteria.
That means I cant just save money because money is going down in value.
I cant be in the stock market because I could lose money.
2, I need passive income from my investment, Cardone continued.
3, I want some appreciation in the asset over long periods of time.
So what fits those four criteria?
Theres only one asset class that does all that.
Its not gold, silver, bitcoin or the stock market its real estate.
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