Clive Luzardo says "Do you think it's a good idea to invest in stocks as a way to diversify outside of crypto or is it just not worth it at this point?"
It's been almost exactly a year to the day since I first made the decision to invest all of my savings into a combination of Bitcoin and Ethereum.
Thought it would be fun to reflect on that and some of the lessons I've learned from doing so in today's video.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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@louisthomas I wouldnt even consider this possibility... Due to crazy monetary policies by central banks arround the world, stocks are in a huge bubble about to burst.... I definitely see Wall Street and Banks as dinosaurs... If you want to invest some of your gains out of the cryptoworld, I'd definitelly pick gold and silver, which are pretty undervalued and have been proven to be a safe store of value through 4000 years of history... Great post as always mate! your loyal supporter from Spain here! keep it up amigo! :)
Sounds like a great idea! Would you buy physical gold like a gold ingot? or how exactly would you go about Gold and silver?
Exchange Traded Funds (ETF) are probably the best way to invest in precious metals. Keeping gold under the mattress is risky, but it is nice to be able to hold what you own. Paper gold just isn't the same, but it is quick and easy to trade. Sooner or later the stock market will have a bear market and once that ends it will be the time to invest in stocks.
Great info! Thanks for sharing!
DigixDAO, man.
onzes mate... or little fractions of it...even grams...
I agree with you , gold and silver are a safe bet really
I like investing in gold in silver because they will hold value even when governments inflate their fiat. My only skepticism with precious metals comes from the known market manipulations. That being said, I think any invest has risk, but diversifying into silver, platinum, and gold should become some portion of any good portfolio because it mitigates risk. But it is a 'safe' bet. I totally agree.
@m4nc3-r4yd3r , yes in any investment it can be risky , whatever you do there will high and low's !
I think you'll do better long term sticking to crypto. ICO's will eventually make traditional stock exchanges obsolete and their business models will go along with them.
If you want to hedge a little, get some physical gold. PS - ditto your disclaimer...
i am watching right away.. thank you.
Stocks are about to crash!!
I've been asking myself the same question for what I am going to do after I make a fortune in crypto. I'm only 24, but I have made crazy money in crypto off of a 5,000 dollar initial investment a year and a half ago. For right now, this is my strategy.. 25 percent of my portfolio will remain in crypto, move 25 percent over to mutual funds, 25 percent in real estate, and the last 25 percent cash. Basically I am staying all in on crypto until atleast the end of this year.
In what form you looking to invest in real estate? You can kill two birds with one stone by investing real estate stocks 😁
Also, I've heard conflicting views on the amount of cash you should keep (outside of emergency funds etc.). For young people, I've heard that even more stocks etc. is better. Longer period for growth and ability to withstand market ups and downs💱
I like all of that except the cash portion. Besides walk-around money and cash to live off of, fiat basically becomes worth less and less the longer you hold it. Inflation ensures that. The fed purposely manipulates inflation and they have been accused of misrepresenting the extent of the inflation. Also, I know that they are planning on increasing the amount of inflation since the economy is recovering (*talking USD). Gaining 2-3.5% in interest is basically your break-even point.
I'm all for traditional stocks! My generation (millennials) have been extremely turned off to the stock market given the financial crisis we witnessed. Overall, it has actually resulted in us becoming very risk averse people. It's proven - millennials are far less likely to take financial risks - specifically investing and starting businesses.
However, I think the crypto space has gotten us into the investing spirit. However, the fast-paced crypto world has (at least for myself) made the traditional stock market EXTREMELY boring.
I think it's a great practice to take some crypto profits and put them into the stock market. Safe/easy bets are ETFs. The stock market is a long proven wealth building tool. We all need to take advantage of it! 🤑
Wow!!! Cool! My question is featured in this video! This is awesome! 😎
I asked about that because virtually every book about investment you read or any guru you hear they recommend diversification, so I was wondering if it would be a feasible way to do so.
Great stuff as always!
I thought so.Now the is very low position and i cant see any improvment .I dont what will going to happend
hm it's tough to say. i'd say stocks are definitely safer, so what I might do is cash out my cost basis into stocks and keep the gains in crypto :)
real estate is a good place to park your cryptogains. also rental properties if you can afford it.
Maintaining a diversified portfolio of assets may be a good idea: some cash, some real estate, some dividend stocks & crypto. When you are younger you can afford to take bigger risks like betting all of your resources on crypto. From your forties, you may need to adopt a more defensive approach to investing.
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Coinbase holds your bitcoin but it only increases in value with respect to your currency.
You have to do work or use your funds to make extra money beyond value increases. It is not quite like some investments where you put it in and don’t do anything with it.
First please get education in currency trading. You must understand how money works and how your currency is valued against other currencies. Look up forex exchange. If you do any bargain shopping, then you might start to understand how currency trading works. You buy when prices are low. You sell (some at least) when prices go up. You make a profit when you sell at high level.
Recently I purchased Ethereum with bitcoin I had in my balance. After going away for a few days and coming back I see that ETH value is up past what I put in with what I had in already. I could choose to sell and I’d have about $20, up from about $11. Or I can choose to keep it there and let it right more.
I think you should own both. The best part of owning both is diversification. You can own stocks and earn dividends just like you can own NEO and get free GAS. Bonus on both accounts.
You are right - good point. Often the best way to earn is dividend paying stocks, and so if you do both you win both sides.