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To beat inflation. Simple as that. Interest rates aren't moving in line with the rate of inflation, ergo running out of money before they croak becomes somethin
by hammyhavoc 4y ago
To beat inflation. Simple as that. Interest rates aren't moving in line with the rate of inflation, ergo running out of money before they croak becomes something to be concerned by, thus most folks make investments in retirement to compensate for this.
Lots of folks online saying that crypto is the only way to beat inflation. We both know that's bullshit, but with so many people huffing the laughing gas, it's easy to get taken in, especially with influencers and the Crypto.com Stadium et al.
- dehrmann 4y agoI like this thought and buy the motivation, but why not stocks?
- hammyhavoc 4y agoStocks aren't anywhere near as hyped, and countries aren't making stocks into legal tender ala Bitcoin, and Chivo. Not that I'm advocating for any of this BTW. It just seems like a perfect storm of massive hype, a lot of very convincing marketing, and the wind blowing in the right direction between a pandemic, Brexit, war, and a possible recession. When desperate, and many big names are involved, it can obviously look quite seductive. Used to work in this predatory niche about 7 years ago. Never again.