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Remove 'into the stock market' But otherwise yea concur. I'm a stickler for diversified asset class allocation Edit: Normally I am not a fan of explaining my
by RobRivera 3y ago
Remove 'into the stock market'
But otherwise yea concur.
I'm a stickler for diversified asset class allocation
Edit:
Normally I am not a fan of explaining myself, but the most fundamental principle of wealth management, diversification, calibrating your risk exposure to various markets, is being downvoted. Thank you for the reminder people
- practicemaths 3y agoWhere else are you supposed to get average ~10% returns? Or is your last bit just saying like do some other investments besides purely stock?
- RobRivera 3y agoThe latter
- jdewerd 3y ago(this post sponsored by Masterworks)
- RobRivera 3y agoWhat is Masterworks?
- jdewerd 3y agoA company that lets you "invest" in fine art. They sell shares in famous paintings & such that they buy, hold, and sell (and charge big fees to do so, naturally). I think they predate the NFT craze, but when they saw it happening they started running extremely aggressive astroturf / content marketing campaigns trying to convince people that fine art was an "alternative asset class" worthy of investment. These articles/posts had a bait and switch quality to them: you would start reading something that sounded conservative and reasonable about the importance of diversification and then BAM, they hit you with "alternative asset classes like fine art" and then you would realize you had been reading an ad. That's what I'm parodying here.
- RobRivera 3y agoAh - Well for those tracking this comment chain, other asset classes include: Bonds, Real Estate, Currency, Commodities.