4 ms·
The obvious problem is that there is nowhere to hide. All markets are overvalued by virtually any historical metric. At least if you take the -6% real hit, at
by BayAreaEscapee 4y ago
The obvious problem is that there is nowhere to hide.
All markets are overvalued by virtually any historical metric. At least if you take the -6% real hit, at least you can know and predict what the hit is.
- mise_en_place 4y agoMy portfolio with foreign value stocks and gold and silver mining stocks, plus oil companies is doing great. I am up by more than 10%. This is just the beginning for them. My financial advisor who manages the vast majority of my wealth is down 2% in comparison. I'm close to pulling my money because he's extremely anti commodities and I had to yell at him to invest my money into mining companies because he thinks it's better to just hold cash. Meanwhile my networth disappears. Don't use a financial advisor would be my advice to you and do your own research.
- WalterBright 4y agoIf you're telling your financial advisor what to invest in, what's the point in having one?
- ThalesX 4y agoProbably to advise you and take care of the nitty gritty details of your decisions.
- rrrrrrrrrrrryan 4y agoI think oil is a moderately risky bet on future geopolitical-economic turmoil, which is far from guaranteed, but your other bets are much more conservative. How are you invested in "foreign value stocks"? (e.g. are there certain funds / ETFs? Individual stocks?)
- sethammons 4y ago> he thinks it's better to just hold cash That doesn't make sense to me. Equities can rebound, cash cant
- jason0597 4y agoHow much wealth would one even have to warrant having a financial advisor? And also, aren't they a waste of money most of the time? Their function can be reduced to flowcharts you get from Reddit a lot of the time
- TimJRobinson 4y agoYou can fairly easily get a safe 10% (20% in bullish times) return on USD in crypto markets. Still high because most people haven't figured it out yet and there isn't good enough regulation for institutions.
- coolspot 4y ago> Safe > Crypto Choose one
- mrep 4y ago"safe" https://rekt.news/leaderboard/ https://rekt.news/leaderboard/
- TimJRobinson 4y agoDo you use a bank? Did you know the bank of Bangladesh was robbed for hundreds of millions? Banking sure sounds risky, better not use them. That's how your response comes off to people that actually understand the space. Less than 0.1% of the value in crypto has been exploited and it's always new startups. But sure dig your head in the sand and avoid the best way to hedge against inflation because you base your risk assumptions off news headlines.
- mrep 4y agoWell I don't live in Bangladesh so I'm not too worried.
- TimJRobinson 4y agoAnd I don't YOLO money into smart contracts that haven't been battle tested. It's easy to avoid getting rekt with common sense.