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No. If they were, a lot more people would be buying and trading them. Trendy assets with no intrinsic value (e.g. trading cards, NFTs) are high-risk. Assets l
by smt88 6y ago
No. If they were, a lot more people would be buying and trading them.
Trendy assets with no intrinsic value (e.g. trading cards, NFTs) are high-risk.
Assets like land and housing have utility. Assets like stock are supposed to have value because you have a share of the profits, although many people still speculate on public markets.
Put your money into something you use first, like a home purchase. Even if the price collapses, you may still be saving yourself money every month vs. renting.
Then move to something that generates value, like a high-yield index fund.
- throwawaycodrrr 6y agoI appreciate the response. But the mentality: other people know best, means you're always second to the party. I'm looking for high risk :)