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Bitcoin
2022 Feb 1, 11:19am
Bitcoin
2022 Feb 1, 11:19am
clambo says
+ Real Estate & Crypto
The meanest thing one can do to himself is being a perma bear.
I am rather wrong 1 out of 10years and remain bullish while making money 9 out of 10years. But its not so much about being right or wrong: The biggest issue that perma bears have is the avoidance of being in the market at all times:
Perma bears tend to
>Not buy when the market is going up - because they think its a massive bubble
>Not buy when the market is going down - because they think it will go down much lower (and most likely miss the bottom)
Isn't investing / generating wealth as easy as:
>>Keep an emergency fund in cash
>>Dollar cost avg into stocks/crypto and HODL
>>Buy quality real estate (investment properties) and re-finance when rates are lower
>>Instead of paying off RE, invest the excess money in the stock market (index funds) since your mortgage rate is much lower than the expected ROI in index funds
>>stay away from the noise and hype stocks
Peter Schiff will always be remembered:
If you think you are going to live 10 years more, stocks are a reasonable place to invest.
+ Real Estate & Crypto
The meanest thing one can do to himself is being a perma bear.
I am rather wrong 1 out of 10years and remain bullish while making money 9 out of 10years. But its not so much about being right or wrong: The biggest issue that perma bears have is the avoidance of being in the market at all times:
Perma bears tend to
>Not buy when the market is going up - because they think its a massive bubble
>Not buy when the market is going down - because they think it will go down much lower (and most likely miss the bottom)
Isn't investing / generating wealth as easy as:
>>Keep an emergency fund in cash
>>Dollar cost avg into stocks/crypto and HODL
>>Buy quality real estate (investment properties) and re-finance when rates are lower
>>Instead of paying off RE, invest the excess money in the stock market (index funds) since your mortgage rate is much lower than the expected ROI in index funds
>>stay away from the noise and hype stocks
Peter Schiff will always be remembered:
I took the trouble to visit the Museum of Finance down on Wall Street where there are interesting examples of financial bubbles bursting causing negative financial ripple effects.
An interesting one was caused by olive oil; it was a funny story about a guy who had huge tanks of it and evidently they were full of water with a layer of oil on top.
Real estate can be a bubble if guys can buy it with just 5% down.
The missing element of our stock market being a true bubble is assets acquired with credit are more susceptible to becoming a bubble.
Most investors don’t use credit to buy stocks; margin limits today are significantly lower than in 1929.
Since stocks are generally bought with cash, they are not the normal bubble raw material.
Derivatives of stocks can surely be extremely bubbly and are dangerous to the average guy.
If you think you are going to live 10 years more, stocks are a reasonable place to invest.