As a boomer, I agree with this statement. A few of us refuse to play that game and we got left behind, but I sleep good at night knowing I'm not screwing the next generation. Sometimes I think they believe they'll take it with them when they die.
Can you share any insights for the 4-6 steps ahead, even in a DM?
I invest & trade too but been on break. Looking to be more active again latter half of the year, and just researching / getting hearing perspectives until then
Diversification is the key. Take any earnings/gains from the market casino and roll them into tangible assets (gold, silver, land, buildings, etc.) and assets not dependent on the market directly (crypto).
Over time you should have about 50% of wealth in market and 50% distributed in the other assets. 10-15% in fiat currency is a safe position.
Cool, it is common sense really gained with experience ;) I used to be one of those that wold condemn investing in the market because I did not understand how the game is played.
Most believe currency = wealth but in fact it is just a tool if used properly can get you to wealth.
PS. Ideally at least 20% of your non-market assets should be generating some income/return.
You think that because you do not know anything about crypto and are forming your opinions based on mainstream sound bites and headlines. It is essential for conducting international commerce without the banks and state mafia breathing down your neck.
Like anything it has risks, but those can be managed easily.
If you want to gain some fundamental knowledge about cryptocurrency start here.
Having your food prepared by others for you is a luxury. Food prepared by yourself is 10x cheaper always. This is one of the ways how you get ahead financially and stay healthier. It requires work and discipline just like anything that is worth doing and good for you.
Boomers have 0 issue enslaving younger generations to pay for more cruises.
the stock market will continue to go up, because if it doesn't the geriatrics running our failing nation will lose power.
As a boomer, I agree with this statement. A few of us refuse to play that game and we got left behind, but I sleep good at night knowing I'm not screwing the next generation. Sometimes I think they believe they'll take it with them when they die.
The stock market is just a hedge on inflation, if you hold fiat currency you will lose 10-20% of your value yearly just sitting in the bank.
If you hold fiat currency you have already lost 80% in the last 10 years.
Anything in the market is disposable. I am 4-6 steps ahead of any scenario you can come up with.
Can you share any insights for the 4-6 steps ahead, even in a DM?
I invest & trade too but been on break. Looking to be more active again latter half of the year, and just researching / getting hearing perspectives until then
Diversification is the key. Take any earnings/gains from the market casino and roll them into tangible assets (gold, silver, land, buildings, etc.) and assets not dependent on the market directly (crypto).
Over time you should have about 50% of wealth in market and 50% distributed in the other assets. 10-15% in fiat currency is a safe position.
Yeah that's actually sums up my current position already
Cool, it is common sense really gained with experience ;) I used to be one of those that wold condemn investing in the market because I did not understand how the game is played.
Most believe currency = wealth but in fact it is just a tool if used properly can get you to wealth.
PS. Ideally at least 20% of your non-market assets should be generating some income/return.
I was with you until you said "crypto" ... that's even worse than fiat.
You think that because you do not know anything about crypto and are forming your opinions based on mainstream sound bites and headlines. It is essential for conducting international commerce without the banks and state mafia breathing down your neck.
Like anything it has risks, but those can be managed easily.
If you want to gain some fundamental knowledge about cryptocurrency start here.
https://moneromeans.money/
Having your food prepared by others for you is a luxury. Food prepared by yourself is 10x cheaper always. This is one of the ways how you get ahead financially and stay healthier. It requires work and discipline just like anything that is worth doing and good for you.
If you eat fast food you are certainly doing that.
Food prepared by others who do not give a damn about you will most likely take you down early.
Fast food was initially a luxury. At least, it always was for me. Nothing's changed, other than the normies' perception.
No. Shrinking middle class, actually.
it's called "crashing up"
makes you fat and diabetic ----- too much sodium ----- not enough potassium
https://communities.win/c/Potassium
K.