I would definitely agree that real estate was the right move to make when you did, and if I were your age, I'd definitely be thinking I should've followed those same steps.
Different generations are faced with different choices.
For what it's worth, I don't hold the foolish belief that all cryptos will go up forever. I think much of the crypto market will have a reckoning at various points in time.
I am converting out some of my gains into precious metals for that reason
Be careful with those as well. News recently broke that the Perth Mint in Australia has no metals holdings and that for every ounce of silver in the markets, there are 500-1000 certificates, (ETF's) claimed on that one ounce.
Of course this has been going on for centuries. It's called the Mandrake mechanism.
If everyone called in their silver ETF's at once, (called a run) it would crash that commodity market. Hard.
At the end of the day the financial system is one big Ponzi scheme.
Were you impacted by that loss in bitcoin? Curious. Don't have to answer if you don't want to.
Costs are liabilities, not assets. Costs fall under the debt side of any accounting ledger.
Cryptocurrency is precisely a fiat currency. A binary code backed by hyperbole only.
It's not tangible, hence it is not real.
Cryptocurrencies are a volatile and unpredictable form of mney, hence the up and down in value.
I have spent the past 30 years transferring FRN's into tangible assets, real estate, and my real estate values have been consistently rising.
Modern Money Mechanics
Creature From Jekyll Island
Capitalist Conspiracy
Must read books to learn the difference between currencies and money.
Get ready for a major dip.
Still here, still alive.
Yes, am an old school fucker.
I possess title and deed on my real estate holdings.
I also exploited the natural resource rights on my holdings. Timber and mineral rights. I make "mail box" money now.
Allowed me to retire and am only 57. Not too bad for an old school fuck, huh?
I would definitely agree that real estate was the right move to make when you did, and if I were your age, I'd definitely be thinking I should've followed those same steps.
Different generations are faced with different choices.
For what it's worth, I don't hold the foolish belief that all cryptos will go up forever. I think much of the crypto market will have a reckoning at various points in time.
I am converting out some of my gains into precious metals for that reason
Be careful with those as well. News recently broke that the Perth Mint in Australia has no metals holdings and that for every ounce of silver in the markets, there are 500-1000 certificates, (ETF's) claimed on that one ounce.
Of course this has been going on for centuries. It's called the Mandrake mechanism.
If everyone called in their silver ETF's at once, (called a run) it would crash that commodity market. Hard.
At the end of the day the financial system is one big Ponzi scheme.
Were you impacted by that loss in bitcoin? Curious. Don't have to answer if you don't want to.