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The thing that the Bitcoin people got right is that the dollar is worth less than most people realize. The government can erase much of the debt by printing mon
by bob33212 6y ago
The thing that the Bitcoin people got right is that the dollar is worth less than most people realize. The government can erase much of the debt by printing money. Owning cash is a bad idea. Sure the P/E of Tesla looks like a bubble. But what alternative is there to do with cash right now?
- sudosysgen 6y agoForeign currency (preferably physical, especially if things such as RMB) or gold.
- mxschumacher 6y agoAmerica isn't alone with its approach to QE & low interest rates, foreign currencies won't help you in many cases.
- sudosysgen 6y agoThat is true, but there are still currencies with very low QE and high interest rates.
- mxschumacher 6y agoFeel free to name a few
- JPLeRouzic 6y agoIsn't it the case for Vietnam, Philippines, Indonesia or India [0]? [0] https://vietreader.com/business/finance/16638-why-is-vietnams-interest-rate-still-high.html https://vietreader.com/business/finance/16638-why-is-vietnam...
- greesil 6y agoBuy a house
- joubert 6y agoHistory has shown us that the concentration in any one asset class, in any one country, in any one anything, really, is dangerous.
- greesil 6y agoI think this asset class is crazy on the west coast of the US. Putting all your money in an illiquid asset, in a place where it might experience a significant earthquake, just to hedge against inflation. What could possibly go wrong? But.... It's the one asset class where normal people are allowed to leverage themselves heavily. And you can live in it.
- MiroF 6y ago> It's the one asset class where normal people are allowed to leverage themselves heavily Which is... a good thing?
- greesil 6y agoIt is, if you like to live dangerously.
- joubert 6y agoWhen you buy a house to live in, it magnifies the tension between maximizing lifestyle (schools, work, amenities, friends, family, etc.) and maximizing returns. In practice, by and large, you have to balance towards the former, which means your financial returns tend to be lower.
- ac29 6y agoEarthquakes are not a significant risk to most single family homes on the US west coast. Yes, there is more than zero risk, but its nothing like areas prone to tornados, hurricanes, floods, or wildfires which can and fairly regularly do destroy entire neighborhoods.
- JMTQp8lwXL 6y agoInstead of Tesla specifically, you could buy the S&P index, of which the company was excluded from.
- dehrmann 6y agoI own shares of SPXT, an S&P 500 index fund that excludes tech because I work in tech and my fortunes are already tied to the sector.