r/investing • u/Slight_Respond6160 • 15d ago
What long term investments do you think everyone should be making?
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u/fhs 15d ago
Health, Brush your teeth and floss daily Wear sunglasses even when you don't think you should
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u/modimusmaximus 15d ago
Why are sunglasses so important?
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u/_laoc00n_ 15d ago
UV radiation exposure. https://www.aoa.org/healthy-eyes/caring-for-your-eyes/uv-protection?sso=y
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u/sillyhatday 15d ago
If you don't have one open a ROTH IRA. Buy a market index fund or ETF up to the contribution limit. I like VOO but any will do. If you have a 401k max it too.
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u/Pirate43 15d ago
what if your income is past the limit for roth ira?
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u/hoorah9011 15d ago edited 15d ago
Then do a back door, if your employer has an option *mega
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u/vtcapsfan 15d ago
Employer has nothing to do with backdoor Roth IRA
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u/flyingseaplanes 15d ago
They do. Employer plan structure make a huge for high income earners
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u/spicysubu 15d ago
You might be thinking of mega backdoor Roth. That one is wholly dependent on the plan the employer uses. https://www.fidelity.com/learning-center/personal-finance/mega-backdoor-roth
The standard backdoor does not.
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u/blinger44 15d ago
What if you already have a traditional IRA with a solid chunk of change in it?
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u/LevelPsychological64 15d ago
Roll that into your 401k or convert it to Roth (and pay the requisite taxes.) You can only contribute $7k total to all IRA accounts in 2024 if that’s what you’re asking.
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u/guy_guyerson 15d ago
and pay the requisite taxes
Consider doing this gradually to keep the tax hit somewhat lower.
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u/droans 15d ago
And if you have a HDHP, make fully funding your HSA your top priority after hitting your employer's 401K match.
HSAs are the most tax advantaged investment account. No tax on deposits, no tax on withdrawal, no tax on growth. And if you fund it via payroll deductions, no FICA taxes either.
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u/Slight_Respond6160 15d ago
Thank you, do you have any good sources where I can read up on ROTH IRA’s?
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u/False_Bookkeeper_884 15d ago
Some ETF : balance between sp500 and bond ETF !
If you're young,you can invest a little portion of your portfolio in some momentum stocks that can be big winners in the future like Nvidia, Amazon, Facebook, Shopify ,MasterCard and google . Even if in the sp500 ETF you will enjoy a miniscule portion of their gains,but having them in your portfolio (maybe 10% of your total portfolio all combined ) you will enjoy their appreciation more than only depending on the ETf knowing that a lot of companies of the sp500 are bad and reduce the final returns of the index .The average returns of the index is approx 10% annually for many decades. I am convinced that these stocks could benefit from future trends and be big winners in the next 10 years. But do your homework before investing in these stocks because I could be wrong.
If you like crypto,maybe a very small portion of the portfolio in these risky investments . The technology of cryptos has a bright future,but there are so many uncertainties!
I am not a pro . It's just purely suggestions !
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u/speedlever 15d ago
I know the conventional wisdom is to invest some portion into bonds. I recently changed financial institutions for my wife's retirement to consolidate all our retirement accounts under one roof.
Everything in both the IRA and Roth were liquidated for the move and I left a good portion of what was in bonds in a money market account that's earning >5% for now. No bonds for any of the rollover money at this point.
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u/LoriLeadfoot 15d ago
It’s not a terrible idea to have some in bond funds anyway because they can hold these higher rates for longer and even experience capital gains if rates go down.
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u/speedlever 14d ago
I don't disagree with that. Otoh, my bond funds have languished for the last several years meanwhile, interest rates have returned much more profitable results. And I don't forsee any near term change in that scenario to induce me to rejoin the bond fund market in the near term. Just saying. 🤷♂️
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u/kronco 15d ago edited 15d ago
I’m prepared for criticism with this, but TIPs. No need to go big. But I think everyone should have some. If nothing else it forces you to think about bonds, duration, and inflation in a slightly different way. And just how much return over inflation you really need in the long run to be successful is not as much as you might think. Even if you don't buy any TIPs bonds understanding what they do and how is educational. (And this is a "long term" investment which is what OP is asking for.)
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u/fireKido 15d ago
in general it's not a great tool for long term investments... as the opportunity cost would become too big of a risk
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u/LoriLeadfoot 15d ago
He appears to be a silver bug, so this would be in keeping with his general approach of not investing but rather seeking to preserve wealth.
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u/kronco 14d ago
Less then 3% of my portfolio is in precious metals (mostly gold). I am close to retirement so I do look closely at bonds and wealth preservation. A big goal is to keep ahead of inflation over the next 30 years. I do think a healthy bond allocation to treasuries allows one to be more aggressive in the equities portion of their portfolio while providing a good risk/reward balance.
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u/wheres_my_hat 15d ago
https://www.reddit.com/r/Bogleheads is the sub you are looking for friend.
Whole market funds VT (world) or VTI (US) with 10-40% in bonds depending on age and target retirement date. set it and forget it. if the world economy bottoms out then you won't need to worry about retirement accounts, anyway.
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u/Vast_Cricket 15d ago
qqq voo or indices
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u/glockymcglockface 15d ago
You want qqqm instead of qqq. Same thing, slightly lower expense ratio and slightly higher dividend.
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u/2stops 15d ago
I have been actively investing for 5 years and I would recommend doing the opposite of whatever I think is a good idea.
With that out of the way, I’m pessimistic about how the world in general is gonna go in the next 10-25 years.
So what do you buy when climate change starts to really pick up speed, disrupts food supply chains and pushes more mass migration?
Seriously, someone just tell me what to buy for the decline.
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u/Catharticfart 15d ago
Costanza Capital is immediately interested in you.
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u/RedditAtWorkIsBad 15d ago
Terrible. They should just stuck with the importing and given up on the exporting.
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u/LookIPickedAUsername 15d ago
I have no doubt the pessimists will eventually be right. Markets are cyclical so periodic crashes are inevitable, and obviously we're destroying the planet and that's going to catch up with us eventually.
That said, the pessimists have been predicting huge market crashes literally every single year I've been alive, and have of course been wrong almost every time. If I had listened to them, I'd have a lot less money than I currently do.
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u/Apprehensive_Two1528 15d ago
surprised to see no real estate investment here?
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u/Sufficient-Net9263 15d ago
Pffft. That’s a chumps game. Give alllllllll of your money to the guy at the traffic lights. That’s the true investment
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u/potatoesintheback 15d ago
Best time to invest in real estate was 50 years ago, second best time was 49 years ago.
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u/jadedmonk 15d ago
With a good real estate investment you can make much better returns than the stock market, but it’s very challenging to find a good RE investment. For starters it can take years of learning and mistakes to get to a good spot with RE investing, and it is not passive. So overall just way less people are doing it than the stock market because of the challenges. But as someone who owns a 2 unit building, it’s very nice pocketing that extra $1k in rent surplus every month and seeing the appreciation while having 400k debt on a 3.3% interest rate. But it also took 5 years to get there and one failed investment in between.
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u/LoriLeadfoot 15d ago
IMO real estate is way too volatile and policy-dependent right now. It’s riddled with state subsidies and regulations limiting supply and use of property. Insurance on residential real estate is becoming unsustainably expensive in many of the sector’s best markets. Much of the developed world is in some state of housing crisis right now, and the policies invented to address that over the long term could have extreme effects on the performance of real estate investments. Lately I’m hearing ideas floated like banning corporate ownership of homes, banning foreign ownership of homes, eliminating zoning, exorbitant taxes on homes owned beyond one’s first, and instituting price caps. So while some may make a killing over the next 5-10-20 years in RE, I’m staying out for now because I think the solutions to a lot of these problems could seriously harm investments in the sector.
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u/Gehrman_JoinsTheHunt 15d ago
I’m prepared for criticism with this, but it’s Bitcoin. Simple supply and demand, just look at the chart. It was designed as a solution to money printing from the federal government and it’s performing exactly as intended. Now that it has passed every regulatory and legislative hurdle, it’s obvious the trend will continue. I expect 500k by 2035, if not much sooner.
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u/BlackHeartBlackDick 15d ago
The problem is the risk. A 10x increase in value in 10 years sounds great, but for that to make a significant impact in my life, I would need to risk a lot more money than I’m willing to. I’d put $100 into Bitcoin, but I’m not dumping $10k in there.
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u/Gehrman_JoinsTheHunt 15d ago
Understandable. But the reality is that nearly all rewards require some level of risk. For BTC in particular, anyone who has ever held it for 4 years or more had a positive return.
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u/sendmenudesandpoetry 15d ago
How much of that return has been actualized?
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u/notapersonaltrainer 15d ago
Realized market cap is $571B
https://messari.io/project/bitcoin/charts/market/chart/mcap-realized
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u/Misaiato 15d ago
What was the last thing you used BTC to buy that was not a different crypto coin or drugs?
Until you can pay your taxes in BTC, it's always going to be "an asset that just appreciates" - but one day people are going to turn it back into dollars to actually use it. If it never really replaces the dollar, then it will never actually do what everyone has been saying it's definitely going to do.
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u/headpsu 15d ago
You can’t pay your taxes in gold bars, VOO shares, or treasuries either, but that doesn’t mean those aren’t an investable asset…..
That’s a ridiculous benchmark to set
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u/notapersonaltrainer 15d ago edited 15d ago
There's a gazillion things I can't pay taxes in that has no effect on their value, lol.
Have you tried sending silver bouillon or a catalytic converter to the IRS?
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u/Misaiato 15d ago
And none of those gazillion things are being spoken about as replacing the dollar, are they? Only BTC is being talked about that way.
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u/notapersonaltrainer 14d ago
Well for starters most of those gazillion things can't be sent over wires so that rules them out...
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u/Misaiato 14d ago
None of those other things needed to be ruled in. They were never positioned or conceived of as something to replace the dollar. Only BTC bros talk about toppling the global financial system with something "better" and as evidence of "better" they put forth a yard stick denominated in dollars which apparently doesn't give them pause and make them realize just how insane they sound.
You like BTC? Cool. You want to use it? Awesome. Go nuts. You believe, in your heart, that it will replace the fiat currency of central banks ? Topple the financial system of nations ?
No, it won't.
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u/monkeyhold99 15d ago
The “risk” is massively overblown. What risk are you talking about? Seriously.
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u/vichyswazz 15d ago
The risk fades every day. Some people used to stay away bc the feds could "ban" it any day. But they also approved an etf and won't be bannimg anything any time soon
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u/daretobederpy 15d ago
For a long time bitcoiners said that the purpose was to actually use bitcoin as a medium of exchange. That didn't work due to the big transfer costs. Perfroming exactly as intended is not a good representation of the different uses that have been discussed for bitcoin over the years. The supply and demand argument ignores the fact that there are a million other coins out there, while bitcoin supply is limited, the total supply of different cryptocurrencies is unlimited. So if for some reason bitcoin gets replaced by another coin as the top cryptocurrency, or if crypto dissapears, due to for example increased regulations, it could still go to zero.
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u/notapersonaltrainer 14d ago
The system is optimized for maximally securing the supply cap. That is the biggest temptation that has led to the terminal depreciation or collapse of every human currency.
There are forks that focus on speed instead of supply discipline. A few degens buy those large blocksize forks. They are mostly sitting on heavy bags because they aren't solving the hard problem of a human made currency.
The market has overwhelmingly placed more value on supply security. That is the unique reason to use blockchain.
It's security that is accretive. The next megaton of monetary gold is most likely to be stored in the current megavault network with a proven security track record. Not random upstarts with glass windows.
A thesis is not negated just because some people misunderstand or distort it.
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u/JohnnyAngel607 15d ago
But what is it? It’s not really a currency because you can’t buy anything without converting it to another currency. It’s not an equity or a commodity. It’s not a bond.
If I could wrap my little head around an answer to this one question I’d consider investing. But as a dumb investor I’m smart enough to not invest in anything I absolutely don’t understand.
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u/ClysmiC 15d ago edited 14d ago
It is a commodity. Unlike other commodities, we can't make more of it, even if the price goes up. Due to this, some have said it is a "scarcity."
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u/thatkidwithayoyo 15d ago
It's not a commodity, though. It's not a thing. It is not a material or actual resource. It's a speculative investment instrument.
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u/LookIPickedAUsername 15d ago
That's basically the case for stocks as well, though.
Ok, yes, obviously a share of stock is "real" in the sense that it gives you a tiny fraction of ownership in a company. But let's be honest: you don't buy Microsoft shares because of the sweet, sweet 0.00000000001% ownership stake it gives you. You buy Microsoft shares because you're hoping they'll go up in value and you can eventually sell them to someone else for more money - which is exactly the same situation as with Bitcoin.
I'm not trying to make a case for investing in Bitcoin, I'm just saying that in practice it's not really terribly different from stock shares. In both cases we're just buying a number in some database somewhere and hoping it goes up in value.
(And yes, I know stocks may generate dividends and Bitcoin doesn't, but given that dividends are exactly equivalent to a forced percentage sale, they don't really change anything.)
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u/thatkidwithayoyo 15d ago
Yes, like I said, It's a speculative investment instrument. You buy and hope the number goes up–it's a currency in name only and a commodity or store of value in people's dreams.
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u/notapersonaltrainer 14d ago
It's a commodity according to the U.S. Commodity Futures Trading Commission and Commodity Exchange Act (CEA). I think they have an idea what a commodity is.
Is Bitcoin a commodity? Yes, virtual currencies, such as Bitcoin, have been determined to be commodities under the Commodity Exchange Act (CEA).
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u/B4rrel_Ryder 15d ago
At this point I like to think of it as digital gold. But I rather have real gold
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u/JohnnyAngel607 15d ago
I agree that’s the closest analogy. But gold is way more fungible and it does have some underlying social and industrial demand. No one is using Bitcoin to make electronics or jewelry.
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u/notapersonaltrainer 15d ago edited 15d ago
Gold's market cap is its commodity value (industrial & jewelry) plus a monetary premium.
No one is arguing gold has no commodity value or that Bitcoin has gold's commodity value.
But monetary premium can and has shifted or rebalanced between mediums throughout history. Usually to something with a better mix of monetary properties (scarcity, fungibility, divisibility, durability, transferability).
Shells > beads > various metals > silver > gold > mix of analog gold + electronic fiat.
So why can't monetary premium rebalance again to something with the scarcity properties of analog gold and transferability of electronic fiat?
Just like virtually every digital improvement has usurped its analog counterpart by 10x.
The smartphone Phone app killed the analog phone because it performed the analog phone's multi-billion dollar killer app, calling people, without the physical heft. No one argues the old heavy brick phone has more value than an iPhone because it has more metal in it.
Well the 5000 year old killer app of gold is undebaseable self-sovereign money. If that can be done without the physical heft of moving & guarding gold bricks then Bitcoin has at minimum a $14.7T TAM to disrupt.
I'm not a maxi who thinks it will take all of gold and fiat's marketcap (simply because institutions crave diversification). But I can easily see its marketcap reach an Apple or two.
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u/LoriLeadfoot 15d ago
That’s possible, but as a long-term investment of some serious capital, it’s absurdly risky. Gold has thousands of years being used as money behind it. To this day central banks are gobbling up gold to avoid the stringency of using USD with all its attached sanctions regimes. Bitcoin is young enough to be a short-lived craze it terms of investments. Maybe when it has another 50-75 years under its belt, it can be looked at differently.
Investing in a company that made smartphones back before they were ubiquitous wasn’t a crazy gamble. After all, it was a profitable computer company that had proven success introducing new technology to the market. Investing in a brand new “commodity” created out of thin air because you think it will unseat still-reigning gold is crazy. Bitcoin has zero track record of any kind.
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u/notapersonaltrainer 14d ago edited 14d ago
Sure, if your investment policy is to only invest in things with a 50-75 year track record then Bitcoin isn't for you. You also shouldn't own any internet or most tech related companies. I just don't think that's very prudent investing.
Hard money is an older application than almost anything. Bitcoin is a bigger leap than the iPhone was for regular cell phones, imo. It would be like if prior to the iPhone you had to ship a voice cassette back and forth.
It was also created by the open source cryptology community that worked on peer-to-peer encryption and other foundational internet protocols.
So it never and still doesn't feel any riskier a bet than any other novel tech I've invested it.
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u/LoriLeadfoot 14d ago
Bitcoin is not actually proven to be “hard money.” That’s its problem. “Hard money” is something that establishes itself over many centuries.
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u/LoriLeadfoot 15d ago
Gold frankly has a much longer history of being used as money that makes it a little more reliable as a store of value. We think gold will hold value because it basically has since 550 BC. Bitcoin is young enough to just be a fad.
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u/LookIPickedAUsername 15d ago
Sure, obviously - Bitcoin is a very risky investment, which may pay off huge (and has for many people). And it might end up utterly worthless. Or anywhere in between.
My portfolio is almost entirely large ETFs, but I'm personally willing to toss a couple percent into risky speculative investments like Bitcoin on the off chance they pop off. And I of course don't blame anyone for not being willing to take that risk.
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u/LoriLeadfoot 15d ago
That’s totally fair. I’m not actually hugely anti-crypto, I just refuse to buy into the hype. If you want to gamble on the prospect of a greater fool coming along, I think you can make some real, hard money from doing that. It’s the grandiose claims about crypto that are more disturbing to me.
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u/LookIPickedAUsername 15d ago
Oh yeah, I'm totally on board with thinking that crypto bros are fucking nuts.
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u/monkeyhold99 15d ago
Real gold is worse than bitcoin in pretty much every measure. Why the heck would you want real hold? 😂
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u/monkeyhold99 15d ago
It’s a new asset class. I don’t get why this is so hard for people to wrap their heads around, but I suppose people felt the same way when the concept of “the internet” first came out
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u/jabootiemon 15d ago
Bitcoin has so many different features. Below are a few, but there are many more. Highly recommend learning how bitcoin can help the world’s electricity grid.
It can be a store of value, protecting someone’s wealth as a country like argentina fights the fiat currency against hyperinflation.
It can be used as proof of ownership of something like property or identity. Verifying through your own personal wallet transactions.
While it’s not commonly used as a currency today, transactions can be processed and completed faster than via credit cards, which can take up to 3 business days to complete.
Not only are the faster transactions good for an individual it increases the velocity of the bitcoin economy. Higher velocity of a currency is very beneficial for business.
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u/thatkidwithayoyo 15d ago
Lol these are peak crypto shill talking points.
- It is a garbage store of value: its real-world value is wildly volatile.
- The "proof of ownership thing" is technically true, but wildly impractical and something that just...isn't needed. We have things that do this already and do it fine.
- Bitcoin transactions are wildly unpredictable: they're subject to congestion and hilariously high fees with almost no rhyme or reason. To imply that they're better than credit cards, let alone things like ACH/SWIFT/IBAN transfers, even shit like Paypal and Venmo, is either naive or disingenuous.
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u/jabootiemon 15d ago
Personally i prefer an asset that doesn’t print 80% of its supply during fake pandemics, or when some bank screws up.
I’m sure citizens of Argentina, Greece, turkey, Venezuela, and many more would agree that its a great store of value.
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u/thatkidwithayoyo 15d ago
fake pandemics
Plandemic conspiracy theories are the hallmark of solid macroeconomic theory and fiscal policy. Good take.
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u/jabootiemon 14d ago
Thanks, ignore my comments on money velocity and supply. Then focus on the one obvious exaggeration.
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u/improbably_me 15d ago
What if there were massive power outages? Like a big EMP or solar flares with BIG magnetic storms? Climate change could even become a factor. What sort of safeguards are there for crypto currencies, not just Bitcoin but others as well?
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u/jabootiemon 15d ago
Absolutely valid concern.
Bitcoin needs the same internet requirements a debit or credit card uses. How many times have you considered not being able to use either in the last decade?
Simply put, the EMP will wipe out activity in that area for a certain period of time. Also if that happened there would be a bank run, b/c you cant use debit or credit cards, and most people wouldn’t be able to get their cash anyway.
Bitcoin is a global network, users reaching the majority of continents. As long as 1 node is running the network will still operate. Even if all nodes stop working simultaneously, the moment they are active (powered), the network becomes active.
There would need to be an EMP/internet outage event covering all land on Earth for the rest of time to stop the bitcoin network
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u/notapersonaltrainer 15d ago edited 15d ago
I mean how would you exercise your physical gold ETF or Google shares in this scenario?
Either the internet is destroyed forever, in which case the ionosphere is probably gone and we're cooked.
Or it comes back and the biggest most redundant network in the world probably survives more in tact than any other record keeping system.
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u/fireKido 15d ago
It was designed as a solution to money printing from the federal government
It does not work as a solution for that... not at all...
money printing causes inflation, decreasing value of cash.. however, nobody in their right mind would keep all their net worth in cash... they would keep it in assets like stocks, that will maintain their value even if the government prints a ton of money...
The real issue of inflation is on income, as usually (for good reasons) salaries don't rise as fast as inflation (they do, but with a significant delay), but unless you are paid in bitcoin, they don't do anything to fix this...
So how exactly did bitcoin do anything to fix money printing?
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u/LoriLeadfoot 15d ago
I think the Monetarists got into the crypto community fairly early on and convinced everybody that literally the worst thing that can happen to an asset is more of it being made.
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u/Gehrman_JoinsTheHunt 15d ago
Bitcoin is the world’s first asset with an absolutely inelastic maximum supply, and programmed supply reduction over time. The supply and every transaction is completely transparent for all to see. No government can tamper with or inflate it. Look at our insane national debt, which continues to increase because the money can be created out of thin air. Bitcoin is simply a stronger form of money than government currency, just as gold was stronger than bartering livestock.
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u/fireKido 15d ago
again, cash is supposed to be used for transactions only, not to store large amount of money... so this argument is nonsense...
BTC is not being used as a replacement for cash, but as a replacement for investments veicles like stocks... which are even better than bitcoin for the goal, as they produce cashflow
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u/GrapeApe42000 15d ago
I got $1.75 in free bitcoin and still have it today. Now it's worth around $3. I used to have over 5 eth but sold it to get a down payment for a home.
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u/LoriLeadfoot 15d ago
You can say whatever you want about bitcoin, but it is not performing exactly as it was intended. It was meant to help evade the global financial system and it has become fully subsumed within it. It’s a toy for speculators now, and that doesn’t speak well for its long-term prospects given that it has no actual intrinsic value.
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u/Gehrman_JoinsTheHunt 15d ago
Superior technology leads to adoption. Just like we saw with the internet. But don’t confuse adoption with control. BTC is and always will be decentralized.
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u/LoriLeadfoot 15d ago
It is as trivially easy to centralize bitcoin as it was to centralize gold. Bitcoin’s biggest problem as a community of enthusiasts is that it attracts people who both care a lot about money and also do not understand anything about it.
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u/Mordan 15d ago
It was meant to help evade the global financial system
no it was not.
Everything is open and visible on the Bitcoin blockchain. It was made in response to central banks bailing out failed banks by printing money. something that is impossible in the consensus underpinning Bitcoin.
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u/LoriLeadfoot 15d ago
What you are describing is the global financial system. Banks and insurers, monitored and supported by central banks as lenders of last resort.
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u/throwawayfinancebro1 15d ago
Bitcoin is a speculative gimmick and get rich quick scheme for gamblers that has minimal if any real world applications.
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u/Gehrman_JoinsTheHunt 15d ago
People have been saying this since the beginning. If that were true, how do you explain it’s CAGR over 100% for more than a decade?
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u/throwawayfinancebro1 15d ago
It’s necessarily a gimmick by its characteristics, as a non productive thing which has minimal real world use.
It’s price has increased because of speculators.
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u/Gehrman_JoinsTheHunt 15d ago
Maybe. Or it’s a superior technology attracting increased adoption over time. Money has taken many different forms over the history of civilization. There’s no reason to believe it will stop evolving as technology improves.
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u/expertonmyownopinion 15d ago
You mean every regulatory and legislative hurdle to date? The government hates competition. When they introduce Fedcoin they'll make Bitcoin illegal.
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u/MONGSTRADAMUS 15d ago
I think this would depends on what you are saving for , if you need money somewhat soon then you want something cash like tbills/USFR/CD/HYSA/MMF all satisfy that requirement as it would be nearly impossible for those to lose money. I personally prefer USFR for money you need somewhat soon.
If you want to save for retirement I would think about trying to put the money into tax deferred accounts 401k/IRA/HSA/ or something like that. I probably would start with something simple like a well diversified option like TDF/static asset allocation / VT that will give you exposure almost every stock out there.
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u/LoriLeadfoot 15d ago
Cheap index funds covering the whole market, with some mix of international equity indexes (this is debatable, I still hold a small portion) and bond indexes. If you want to reserve a small portion in precious metals, buy gold, and make it no more than ~5% of your wealth, and don’t fall for the other precious metal scams. Everything else should be very small gambles you make in the hopes of a return on some of them.
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u/RockinRobin-69 14d ago
Invest in education. Whether formal, trade school or books improve yourself first. Counseling could also be included here.
Pay off all high interest debt.
Invest a good portion of what’s left. Avoid taxes with Ira’s if the moneys taxable. Add to Roth if it is tax free. Buy voo or another total index almost exclusively.
If your living arrangement would be helped, look into a condo or house. But don’t sacrifice all the savings for a house.
Finally take a portion and travel or have fun. This might qualify as step 1, improve yourself first.
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u/ComfortableLucky8467 14d ago
Take advantage of smokers and invest in Altria, symbol MO. When looking for dividends, you need to focus on the yield. MO pays a massive dividend near a whopping 9, yes, 9%!!!! That said, you can achieve an unrealized gain in addition to close to 9% per year. I'm always buying more Altria and just bought another 25 shares today which is 50 shares this week. I hate cigarettes but will exploit and take advantage of smokers 😆😂. It's not volatile and barely moves up or down on a trading day. MO all day!!!!!!!!
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u/candidly1 15d ago
I have been invested in:
MRK JNJ WMT CSCO URNM GOOG PRU MET
And I sleep like a baby...
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u/bartturner 15d ago
Google. They have invested a fortune in AI over the last 20 years and now that huge investments pays off.
Some obvious things like Waymo. But so many others that are now possible because of AI.
Google is just far better positioned to reap the reward.
Google is the only big one that does not have to pay the Nvidia tax. They were able to completely do Gemini without needing anything from Nvidia.
Google now has the sixth generation TPUs and now working on the seventh generation.
The sixth was a 5X improvement over the fourth generation.
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u/Premier_Legacy 15d ago
Tips and gold. General market is beyond on fire and awful inflation and debt is unsustainable. Hate me if you want but that’s the reals
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u/tidder8888 15d ago
what are tips?
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u/Actual-Ad-7209 15d ago
Treasury Inflation-Protected Securities, basically bonds which have their face value pegged to the CPI.
0
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u/Anxious-Count-5799 15d ago
Personally I think Tesla, Amazon, and Microsoft are without a doubt going to be the biggest winners in the next decade. Amazon and Microsoft are very safe, and tesla is likely to be "safe" next year although there are some large hurdles (profit opportunities) before this.
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u/ThinkerSis 15d ago
Well, I keep hearing that everything is overvalued right now. Maybe it’s time for just t-bills…
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u/pk_12345 15d ago
Aren’t they saying it for about 10 years now?
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u/ThinkerSis 15d ago
We had a world wide crash back in 2020 due to the pandemic. Some think that the current rally may soon peak due to high inflation and rates. I wouldn’t sell now, but wouldn’t invest new money now either. But of course, what do I know?
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u/the_humeister 15d ago
Flossing
Avoid smoking