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.
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.