Too Hot Investment Thread

Meh. Anyone suggesting putting a significant portion of your savings into crypto should be immediately discounted, imo. I knew (using that word lightly) some dude that had 90% of his savings in Crypto, and I tried to caution him out of it when Bitcoin was flirting with 60K pricing.

I just also share the same opinion for anyone claiming that it's a valueless fad.

I personally feel it deserves consideration in everyone's* "Other" portion of diversified portfolios beside things like REITs, Gold, or other alternative asset classes. maybe that makes me a "crypto pimper..." ¯\_(ツ)_/¯

 

The shoe shine boy anecdote dates back to Joe Kennedy in 1929.

 

why is the market on a tear today?

 

some weak manufacturing #s & plunging job opening #s is my guess. peeps think this might slow down the rate hikes.

 

Seems to be supply side driven weakness in the economy though. Seems like there is lots of throttling happening across the economy because you cant get supplies to run wide open. Will the fed see it that way would seem to be the question.

 

Aussies just raised rates 1/2 as much as expected...

 

You must have missed where the Federal Reserve is exploring digital currencies

Federal Reserve Board - Central Bank Digital Currency (CBDC)

While a CBDC isn't quite cryptocurrency more than likely it would operate on some sort of blockchain technology. The only real difference would be one is centralized and controlled while the other is decentralized and not controlled by any one entity.

This should also give people some indication of how cryptocurrencies aren't going anywhere and where the future of physical money is headed.

 

Booya! Behold, The Inverse Cramer ETF Has Finally Arrived | ZeroHedge

 

Yep on Peter Lynch. Continuing to take a more defensive position with Ibonds and index fund. Trouble comes when searching the portfolio to find an equity worth selling. Hard decisions being made.

 

As an update, for those keeping score, my coinbase crypto “store of value” account has successfully stored $335 of value of my $1000 investment.

 

I dont do crypto. So, a question. Is this in addition to your $1,000 investment (good) or is this what your $1,000 investment is worth (not good).

 

What was my $1000 investment.

I did it totally on a whim for entertainment purposes.

 

Rip crypto. For a while anyway.

FTX collapsed. Then Binance was gonna buy them, but backed out of the acquisition late. Too much stank on that one.

Lol @Brady and Giselle who had just lost ungodly sums.

 

I just saw a blip that claimed they had $650m at play, no friggen way, right? If true, that might explain the divorce.

Guys financial advisor should be tarred and feathered to have let him get conned into that. I always figured most of the (numerous) celebs doing crypto deals were getting paid in coins, so basically just playing with house money in exchange for an endorsement. Some people do seem to see crypto as a religion. Like finance Scientology.

 

Didn't Trevor Lawrence put his signing bonus into crypto.

 

We bought Ibonds earlier this year and I think the rate was 9%. It's now 6.89, which is still pretty darn good.

 

sucker....I only did $300 and its now worth $87.

 

I wasn't in the red in crypto until this latest "dip". I'm officially in the crypto loser club now.

 

I only bought crypto because I had some money in my Venmo account so figured I’d might as well click the crypto button since I didn’t want all that advertising they do go to waste

 

It’s a lesson I have to teach myself occasionally.