Hmm, where to store your wealth in these uncertain times? Perhaps a promising, easily stage startup with amazing growth potential?
I follow probably nine brokers. They all know each other. They don't all agree. They definitely riff off each other, though, listen to each other, disagree with each other, link to each other, and fight about this shit. Ben Rich argues that passive income is dead and that anyone who wants to make money moving forward needs to find controlling interests in manufacturers. Charles Gave still seems to think that things will return to normal at some point because the central banks will eventually run out of money, and it's going to be fucking awful. Jared Dillian says buy gold, buy it now, and buy India. Tony Sagami is a fundamentalist who points out that it doesn't matter what the market is doing so long as you're making phat dividends. They've all been right. They've all been wrong. Nobody has a crystal ball. What I will point out is that every investment theory anybody has ever come up with hasn't had to deal with central banks with their thumbs on the scale. We're capitalizing gains and socializing losses and that's the kind of thing that leads to hedge fund managers comparing themselves to Jews under Nazi occupation and ordinary mom'n'pop savers hiding money in the mattress. I'll say this: I like owning crypto, but I'm also thinking of buying some shiny baubles for my kid.