I’m just curious what Pedes are doing NOW with their money. NOT what you did as far as stocks go. If you got on the lunar moon rides and it looks like you did well, that doesn’t much help. I’m talking today.
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Literally Bitcoin and nothing else.
But, for the doubters who clearly don't understand what money is, perhaps a fund similar to VGT or VOO.
Also, $15,000-$20,000 in a bank account is really just known as your emergency fund. A Dave Ramsey style 3-6 months of household expenses in case of catastrophe such as job loss.
If I were in this situation and risk-averse, I might set up a series of rolling CDs at my local credit union at 5%+ APR. But that won't keep up with inflation.
But if I were to hold an asset for 8-10 years, and Warren Buffett says you shouldn't buy an asset if you wouldn't hold it for ten years, I would make it Bitcoin.
Of course, others might choose a dividend REIT like O
Future millionaire here. Good advice homie!
Thanks! Definitely not advice though, just what I would do.
I had forgotten to mention gaining exposure to Bitcoin without owning the asset itself, such as by owning funds like BITO or HODL (two different types of holdings and strategy), or by holding stock in companies such as COIN or MSTR.
If diversifying, I would buy double what I would normally buy and sell half after the asset doubles to reduce cost basis. I did that with COIN recently, but it also means that I lost out on additional gains.