GIO GIO

6y

Why not keep some percent in lower risk investments? I don't doubt crypto has potential but there's lots of risk involved

0

6y

You don't think stocks at all time highs hold just as much risk?

GIO GIO

6y

It’s literally not if you buy and hold for 20-30 years

MysteryMachine

6y

Any recs on a decent vpn for mobile? The sheer amount of shilling is making sifting through reviews tiresome

0

6y

Tell that to Nikkei investors in 1990 lol

GIO GIO

6y

Yeah I'm talking about US mutual funds. Also if they held they would be mostly fine. I'm talking decades. And honestly I feel like the Fed won't let the market drop if they can they know too many people got money in it these days. Easily the best choice if you want something lower risk that's gonna consistently make you money

If you wanna pick and choose I could name dozens of crypto that have tanked at one point or another. I'm not hating on it I plan to buy a grand of it soon I'm just saying it makes more sense to diversify, and only move to that once you got other money secured in lower risk s***. You can't seriously argue bitcoin is less volatile long term than S&P 500 + International stocks

0

6y

You seriously don't know what you are talking about but that's ok.

First off, you mention that "everyone is invested now" and the fed "won't let it drop." That makes no sense and if anything it just confirms we are in a bubble. There needs to be new buyers for stocks to appreciate and just because the fed launched QE385322 or stocks buy back their equities, it doesn't represent real growth.

Go read about Japan in 1990 and how risk free it was and how the BOJ would never let the market drop there lol. They were the the top economy in the world! The carry trade between Yen and USD still exists today lol because they have such a bond clusterfuck.

They were the first MMT experiment and its people are still suffering today. Japan was the blueprint for the rest of the western world and the ECB and Fed are in a very similar predicament.

You are also confusing basic concepts like risk and volatility.

Saying "just hold bro" is a boomer fairy tale that was a lie told to you. If you bought the top 5 tech stocks in 2000 only MSFT is left standing with a profit and s*** like Cisco or General Electric would net you a -80% return.

Now there's a new 50% concentration of SPY gains: AAPL AMZN MSFT GOOGL FB. The rest of the SPY is barely holding on for dear life.

Past performance does not indicate future returns.

History never repeats itself it only rhymes.

RealRager

6y

Mullvad VPN but do your own research and see if it's right for you.

0

6y

You seriously don't know what you are talking about but that's ok.

First off, you mention that "everyone is invested now" and the fed "won't let it drop." That makes no sense and if anything it just confirms we are in a bubble. There needs to be new buyers for stocks to appreciate and just because the fed launched QE385322 or stocks buy back their equities, it doesn't represent real growth.

Go read about Japan in 1990 and how risk free it was and how the BOJ would never let the market drop there lol. They were the the top economy in the world! The carry trade between Yen and USD still exists today lol because they have such a bond clusterfuck.

They were the first MMT experiment and its people are still suffering today. Japan was the blueprint for the rest of the western world and the ECB and Fed are in a very similar predicament.

You are also confusing basic concepts like risk and volatility.

Saying "just hold bro" is a boomer fairy tale that was a lie told to you. If you bought the top 5 tech stocks in 2000 only MSFT is left standing with a profit and s*** like Cisco or General Electric would net you a -80% return.

Now there's a new 50% concentration of SPY gains: AAPL AMZN MSFT GOOGL FB. The rest of the SPY is barely holding on for dear life.

Past performance does not indicate future returns.

History never repeats itself it only rhymes.

MysteryMachine

6y

Just getting into crypto and need some protection and I don't have a desktop

RealRager

6y

Why do you need protection? Do you want to remain anonymous online or protect your crypto?

Cause you don't need VPN to protect your crypto, you need to follow a different set of protocols for that.

MysteryMachine

6y

A bit of both I guess, maybe just being overly cautious since I'm using my phone. I'll have a ledger wallet soon so the actual crypto will be alright just worried about the in between

GIO GIO

6y

Bro just cause you read crypto forums don't f***ing pretend you know what you're talking about. What I'm saying is not the same as buying the top stocks in 2000. I'm saying is buy some mutual funds, and yes you would have nice profit if you put your money in it and held in 2000. I don't buy many individual stocks. Yes the market is shaky right now but on a 40 year scale it adjusts. You have no proof to suggest it would not, what happened in Japan 30 years ago is just one example. I'm just talking about diversifying instead of betting it all on crypto. I put 6k a month into these investments right now split between the US and international, it's not complicated, and it's much safer practice than betting it all on crypto. At this rate with a 7% roi I'll be at a million before I'm 30. Far lower risk than betting it all on crypto

No one in crypto knows what they f*** they're doing, they just jack off each other pretending like they're all right. Again, I get why they have faith in it, but diversify. And not saying regular investors do either but there is stuff you can work off of for that no one knows what the f*** is gonna happen in the future. Tech is the future, tech is half of SPY gains. You think you know more than warren buffet? If you're not gonna work off of what history has taught us, what else are you gonna work off of, we can't predict the future

GIO GIO

6y

And since I'm genuinely curious, if I had to put just $1000 into crypto today what would you believe would be best to buy

0

6y

I wouldn't be so quick to discredit what I do. I barely read forums for anything but memes lol. I actually do the research and hard work. I went to a top business school and worked in both the tech and finance for nearly 10 years. All companies I worked for have IPOd or sold, and my last startup raised a nearly $50M series A round, but I quit a couple years ago because it was boring and I'd rather invest in crypto s***coins full time. I know how to a***yze, both in traditional finance researching equities or macro data, and especially now in the blockchain world. Starting your post off this way really makes it hard to argue in good faith.

I know what you're saying regarding index funds, but if you actually look at concentration of funds and understand how ETFs are structured you would not be so bullish. Do you not understand that it is not good that these tech megacaps are the only thing driving "real earnings growth"? We haven't even discussed how f***ed the 'real economy' is because it doesn't matter in this conversation but that's also incredibly worrying. We're purely talking how there's for example no real price discovery on individual equities because the only thing buying them is index funds. What happens next in a real black swan event? When REAL PEOPLE try to sell and there's no buyers? We've seen a few of these flash crashes the last 10 years and it's always fun to hear the explanations.

Anyway, you just calling them mutual funds is an outdated concept. Paying management fees on your funds has been mathematically proven to be extremely costly. Especially over the long 30 year time horizons you keep referring to. So you advising kids here to invest in mutual funds is not only wrong it's been proven to be a money losing investment. If anything they should buy index funds like VOO or SPY if you really do want to be a Boglehead disciple.

You keep talking about diversifying, but you have a misunderstanding of this as well. You can diversify in as many stocks all over the world as you want, they will still be positively correlated and drop in a similar manner if something happens, no matter you are buying Tesla or Verizon or BNP Petrobras. Even s*** like bonds has completely been distorted due to money printing and yield chasing by these institutions. There is no safe asset when everything is in a bubble environment. If you want true diversification google "tail risk hedge Universa Nassim Taleb Mark Spitznagel"

Saying that yes the market is "shaky and will adjust in 40 years" is also a losing argument. Time value of money is incredibly important. Compounding your returns is also incredibly important. Investing in equities at the wrong time is DISASTROUS for a long term portfolio. Especially Index funds. It can take 20 years to even reach breakeven if you buy in a bear market. Not to mention, having flexible access to your capital can be incredibly important as a young person.

0

6y

I wouldn't be so quick to discredit what I do. I barely read forums for anything but memes lol. I actually do the research and hard work. I went to a top business school and worked in both the tech and finance for nearly 10 years. All companies I worked for have IPOd or sold, and my last startup raised a nearly $50M series A round, but I quit a couple years ago because it was boring and I'd rather invest in crypto s***coins full time. I know how to a***yze, both in traditional finance researching equities or macro data, and especially now in the blockchain world. Starting your post off this way really makes it hard to argue in good faith.

I know what you're saying regarding index funds, but if you actually look at concentration of funds and understand how ETFs are structured you would not be so bullish. Do you not understand that it is not good that these tech megacaps are the only thing driving "real earnings growth"? We haven't even discussed how f***ed the 'real economy' is because it doesn't matter in this conversation but that's also incredibly worrying. We're purely talking how there's for example no real price discovery on individual equities because the only thing buying them is index funds. What happens next in a real black swan event? When REAL PEOPLE try to sell and there's no buyers? We've seen a few of these flash crashes the last 10 years and it's always fun to hear the explanations.

Anyway, you just calling them mutual funds is an outdated concept. Paying management fees on your funds has been mathematically proven to be extremely costly. Especially over the long 30 year time horizons you keep referring to. So you advising kids here to invest in mutual funds is not only wrong it's been proven to be a money losing investment. If anything they should buy index funds like VOO or SPY if you really do want to be a Boglehead disciple.

You keep talking about diversifying, but you have a misunderstanding of this as well. You can diversify in as many stocks all over the world as you want, they will still be positively correlated and drop in a similar manner if something happens, no matter you are buying Tesla or Verizon or BNP Petrobras. Even s*** like bonds has completely been distorted due to money printing and yield chasing by these institutions. There is no safe asset when everything is in a bubble environment. If you want true diversification google "tail risk hedge Universa Nassim Taleb Mark Spitznagel"

Saying that yes the market is "shaky and will adjust in 40 years" is also a losing argument. Time value of money is incredibly important. Compounding your returns is also incredibly important. Investing in equities at the wrong time is DISASTROUS for a long term portfolio. Especially Index funds. It can take 20 years to even reach breakeven if you buy in a bear market. Not to mention, having flexible access to your capital can be incredibly important as a young person.

0

6y

It's so amazing to me that people like you still look at crypto like it is some novelty meme like pokemon cards or beanie babies. Literally all the smartest people in computer science are now involved in crypto and blockchain. silicon valley gave up on web 2.0 bullshit social media advertising s*** and is now focused on web 3.0

it's not even an old people problem there was a real concerted effort to indoctrinate society including the youth to stay away because crypto sucks yet pumping up robinhood day trading to impressionable kids

crazy to think all these kids are about to be priced out of serious financial wealth because they naively believe in legacy systems that have screwed over their generation through debt. like you have a bank account that pays you 0.10% interest and you're here to lecture me about risk-free? lol

they cling to this naive belief because of hubris or lack of perspective.

i don't give a s*** what you do with your $1,000 and i'm not a financial advisor. you should have bought ETH a few hundred dollars ago. same goes for LINK, or BTC, or anything else

every day you wait you are risking that you will never be able to achieve your crypto holding targets. you need to do some mushrooms or lsd and open up your mind on what money is. Money is time in concentrated form. Every day you continue to hold your $$$ in a bank account, it loses value because they are printing at the central banks all over the world.

Every day you wait more USDs and more EUROs and more YENs and more PESOs and more YUANs are being printed. that is some f***ing crazy inflation!

they need to print money in order to wipe away the HUGE NATIONAL DEBT that has been created. that's why i even brought up Japan in my first post. But that s*** flew right over your head. Japan is a demographic and economic representation of the US's current issues and these economists are using the same tactics from 30 years ago and have rebranded it as MMT (modern monetary theory)

no more BTC will ever be created. ethereum has an even lower inflation rate than bitcoin now lol. not to mention the reduction in available supply once Proof of Stake goes live.

SUPPLY - DEMAND. Transfer of legacy wealth into an entirely new ASSET WITH A STABLE SUPPLY. Either you understand or you don't.

you obviously have strong beliefs and i can tell you really haven't even made real returns from stocks yet lol

if you're putting 6k into mutual funds and maybe $1k total into crypto your priorities are all f***ed for what's coming in the future.

Ethereum is the future. It is a global distributed super computer that will change the nature of how an open society will function.

If you want a real suggestion you should buy 32 of them for staking when it goes live. That's now approximately $13,500. DCA in if you're scared it will drop in the short-term, which it probably will because ETH is a piece of s*** that can't scale!