I read or heard somewhere that millennials are screwed, in terms of retirement.
The largest wealth transfer in history is about to happen as the baby boomer generation is getting ready to hand over the torch to my generation. Generation X that is.
But so many of my generation are struggling with debt and grinding it out in the 9 to 5 world and we still can’t afford the mortgage and the bills. How’s the generation after me going to afford it ?
The baby boomers had it easy, they had the largest bull market working for them in the pre war era. Yes there where crashes but followed by incredible new highs. The interest rates where low so they could pay of their mortgage and bills. Try getting a house now with inflation and rates.
It’s very hard for the coming generations to ever retire and now the market is flooded with new FIAT.
The system works but not for millennials and Generation X:ers like me.
Even my meager stock portfolio dwarfs in comparison to what crypto has brought me.
It’s been hard to maintain a meager 10% holdings during this bull run.
So although I am still adding to my stock portfolio for my retirement. It is still smaller than my crypto portfolio.
So that all this money flowing into crypto and the renewed interest of the media and legitimacy this space has got to some degree from institutions are according to many financial experts one of the ways millennials see their ticket to retirement. The old financial system only works for some that has been violently clear. Not everyone has the same opportunity or know the right gate keepers. But crypto seems like a ticket, I know I can’t be the only one thinking it. Or else no one would be on this site.
I admit I get allot of my info from YouTube and not Wall Street Journal or The NY Times, and such I am cautious to who I lend my attention.
Vitalik Buterin said it best on a podcast, “ Think of this space as the early days of cell phones and internet. Think that everyone that bought the first Microsoft computer or Apple iPhone/IPod got some stock with it, made a bunch of money and now they are seen as prophets of this space.”
It’s still the Wild West and we are still early. Lots of charlatans around claiming things.
I been hearing and studying allot of successful investors and traders and although some advocate diversity, but the most successful ones seem to go all in on some high conviction picks.
Now this is not financial advice but I am seriously considering going all in on crypto. In terms of my investments. Meaning the money I invest will flow into crypto and from there through stable coins and interest platforms flow into stocks. Not the other way around.
I wonder how many think like that? Letting your winners run.
I do think it’s important to build a stable foundation in Bitcoin and Ether, but then explore. I try to follow the smart money and Cathie Woods and Raul Paul seem to be on to something. Mainly focusing on Bitcoin and Ether.
I also do due to the Coinbase effect meaning COIN is for many a gateway to crypto verse and
Vitalik Buterin said it best on a podcast, “ Think of this space as the early days of cell phones and internet. Think that everyone that bought the first Microsoft computer or Apple iPhone/IPod got some stock with it, made a bunch of money and now they are seen as prophets of this space.”
It’s still the Wild West and we are still early. Lots of charlatans around claiming things.
I been hearing and studying allot of successful investors and traders and although some advocate diversity, but the most successful ones seem to go all in on some high conviction picks.
Now this is not financial advice but I am seriously considering going all in on crypto. In terms of my investments. Meaning the money I invest will flow into crypto and from there through stable coins and interest platforms flow into stocks. Not the other way around.
I wonder how many think like that? Letting your winners run.
I do think it’s important to build a stable foundation in Bitcoin and Ether, but then explore. I try to follow the smart money and Cathie Woods and Raul Paul seem to be on to something. Mainly focusing on Bitcoin and Ether.
They have the most active developers and backing. So therefor probably the most liquid.
Any thoughts are always welcome and tips on trading. We are not competing against each other if one wins, we all win.