3 ms·
> I just don't trust the banking system enough to keep my money with any bank I don't trust banks that much either but it is the less risky thing considering m
by simion314 6y ago
> I just don't trust the banking system enough to keep my money with any bank
I don't trust banks that much either but it is the less risky thing considering my in existing skill at financial stuff(I did not consider bitcoins or stock market because it feels like gambling with my or my son future, and I think I am risk adverse)
- xiphias2 6y agoBoth the stock market and housing market correlates inversely with the interest rates, so actually buying stocks doesn't give you any diversification, but if you're afraid of buying Bitcoin, you could just buy some gold as an alternative store of value. Another option is to just put 1-4% of your portfolio into Bitcoin, which still is a great hedge against the current financial system, and actually decreases the volatility of your current portfolio (if you have a house right now). Having your money in fiat currencies is just giving 10% of it away to your current leaders.