Talk of The Villages Florida - View Single Post - Million Dollar Question (asking for a friend)
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Old 09-20-2021, 07:28 AM
Malsua Malsua is offline
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Quote:
Originally Posted by Tyrone Shoelaces View Post
Guaranteed winner??
Some would respectfully disagree..
Warren Buffett: Why You Should NEVER Buy Crypto - YouTube
I didn't say guaranteed winner, I said as much of one as you're going to get.

Warren buffet will tell you to put 90% in an index fund, 10% in a money market and forget about it. I agree with that too. If you recall, up thread, had you read my earlier post, I suggested 1%. $10,000. Chances are better than even that $10,000 in Crypto today will be triple that by next year. It could go to zero too though, which is why I would never suggest anyone put more than 1% of their net worth in Crypto. Only what you are willing to lose, utterly. If you have a million in cash laying around, a 10k loss won't cripple you.

If you want something 100% safe, get a pile of gold and scrooge McDuck it. Be careful though...Peter tried that: Family Guy - Dive Into Gold Coins [HD] - YouTube