.....or it could vaporize into the cloud.:laugh:

https://www.msn.com/en-us/money/tech...d=BingNewsSerp

I am not a Boglehead but put my toe in the water many years ago with a little VFIAX. It has grown satisfactorily. In 2022 and 2023 I sold some commercial real estate where most of my net worth remains and had to put the money somewhere. 60% net after taxes went into 6 month T-bills which when they mature I replace with new ones. I bought some VOO, VGT, SCHD and a closed end fund I have owned for dividends many years, RVT. I also bought some MLPs. The rest on the equity side I put into individual stocks, some for dividends and some for growth. Most have done OK. I bought some (for now) losers of course. Thankfully I bought some NVDA at about $183/share. Luck does play a role IMHO!

The fire fighters pensions are also under funded

Update:

If you are a retired Ohio teacher and you are following this issue, you might want to go to wcpo.com and do a search of Ohio teacher pension. There you will find an article from last Friday, August 23, about subpoenas that were recently filed. The article includes a summary of the history of this convoluted, stinkin’ mess.

Ohio is not the only state that can’t keep greasy hands off pension money. News is out about states where obscenely greedy, elected officials, who are under the influence of deep-pockets lobbyists, are now trying to write and pass legislation that will force state pension funds to invest in crypto.

I first heard that crypto thing on a financial podcast and found it so incredibly stupid that I could not believe it. Pension funds are supposed to go on forever, not bend to the whims of propped up legislators, drooling over all that money employees paid into for decades to be managed outside of political influence. (Of course, in many states, that pension money has served as an ATM along the way for state shortfalls. But this trying to force crypto in pension funds is getting really weird. Seems like it should be illegal. But wait! Those trying to do this are making the laws.)

There is info out there now on this crypto plot. Google it if you dare — or care. Actually, even those who do not have a state pension should be paying attention to this. If this plan takes hold, it will be only the beginning and will eventually affect all kinds of investments. But they don’t care as long as they get their instant reward from their lobbyists, and as long as voters don't pay attention and vote against their own best interests.

We need to pay attention to the integrity, or lack thereof, of those in office and watch for slimeballs on-the-take, trying to pass laws forcing state pension funds to invest in crypto. What’s next? Anything goes? How can these idiots claim to believe in the market as the market when trying to legislate specific investment decisions to be made with pension funds?

Corruption pays well for those who can be bought and many of them know no bounds. We all need to be paying attention to what is in the works for those big piles of money in pension funds — because unrestrained greed is not only bad morals, it’s bad economics.

Boomer