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My personal take on that is: don’t invest money you can’t afford to lose.
by rm_-rf_slash 8y ago
My personal take on that is: don’t invest money you can’t afford to lose.
- umanwizard 8y agoCash can lose value too. Look at Turkey now.
- daxorid 8y agoMoreover, cash is guaranteed to lose value. The mandate of global central banks has moved from "price stability" to "2% inflation".
- aaronbrethorst 8y agoThink of it as gambling instead of investing, and you'll probably do better. Relatedly, if you work for a company where a meaningful fraction of your compensation is in the form of stock, that is also gambling.
- bluecalm 8y agoWhat are you going to do with your savings then? It's enough to not put all your eggs in one basket. It also helps to listen to experienced people who were warning about crypto currency left and right.
- rm_-rf_slash 8y agoI have a diversified retirement portfolio, thank you very much.