Quote:
Originally Posted by sail33or
Well, I am going to help you guys out but I know there are less than smart among you.
At our age we should be 100% in CD's and live happily ever after. But as you know, the Government has made interest rates .0001 percent.
We are in unprecedented times. The old rules do not apply. We are so deep in debt, mathematically it can never be repaid.
There is a Woke War on Oil. Logically (for you intelligent folks) this means a squeeze on the very thing all things depend. It will go up and up and up. No matter what. The world must have it. Buy Exxon and consider it a CD.
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Spot on! We are heavily investing in oil, nickel and copper. All 3 play into energy needs for both electric and standard transportation requirements. The US and several other countries seem to be all in on the electric vehicle goals (demands?) based on "global warming", but the rest of the world will continue to demand oil to keep moving. Anyone who believes for a moment India and Africa are putting electric charging station needs at the top of their wish list is seriously delusional. So 2-4% of the world will force electric on those they can, while the other 90+ precent of the world struggle to find a gallon of gas to keep their world moving. The copper and nickel are both required for all these batteries that will be required should this all electric dream ever see the light of day (and I have serious doubts about that, but that is a different conversation) .
From Jan 2016 to 18 Jan 2022 the S&P is up 147%, while bitcoin is up 12,438%. Yes, this recent correction ("lost" 20% on paper) was painful to watch, but still WAY ahead. In fact, considered this correction a "fire sale" moment and bought more.
I am a HODLer with crypto investments, so all my gains/losses have been on paper only. These will be left to our grandkids (along with the lesson of investing well) hopefully.
I guess there are those that are comfortable clinging to the old way of doing things, but we have done far better in investing diversification than we would ever have seen sticking to the stock market and conventional investing alone.
We owned rental properties for a time as investments, but very grateful to have divested of them before the "COVID non-eviction curse" (pure luck on our part).
Funny, our crypto education and adventures started out as a form of entertainment fun & learning about "that new fang dangled stuff". Has paid us better returns than the investments we pay someone to help us manage. Go figure.
I just laugh when everyone mentions tulips about Bitcoin. These are the exact same people that continue to invest in the USD believing it is backed by something tangible, while believing cryptos are "different". NEWS FLASH, that all ended when Nixon took the USD off of the gold standard in the 70's.
When the US Gov can no longer pump money into T-Bills, you will find out just how incorrect that assumption is.
Unfortunately, I think we are all going to be seeing that s#&t show play out sooner than expected. Thanks Brandon.
How any of us retired and on fixed incomes fare when the dust settles is anyone's guess.