artificialfish

I literally don’t think that’s true. But whatever.

I mean you’ve certainly thought it through. It’s just that international bonds and stocks can not be expected to perform well under a US downturn, because the US basically props up the entire world economy, being the home of most international companies and the world reserve currency and the most in debt country on earth. When the US crashes, usually the rest of the world crashes even harder. Idk bonds don’t interest me at all nor do foreign stocks. 20 years is a long time to wait and I see no reason in the future to believe that bonds will go up, every reason to see them collapse further: regime change, debt default, etc. In this case zooming out is an example of historicist bias. The future is not like the past.

Where did you get a 4% money market? But again, inflation has been over 4% during Covid and ~3% since. Under Trump it could get worse if the USA falls out of world reserve currency status.

While it’s good to have money to spend on stocks in my 20s I invested every penny I earned into high yield etfs. It really paid off. This could be the drop you need. At the same time a rule that has always worked well for me is never keep cash. Cash only ever goes down in value. Bonds have never worked for me either, do you really want to invest in a government that has so much debt? They are going to default someday, or worse, and the performance of bonds has not been great in my lifetime. If you are going to keep cash, put it in CDs, but IMO you just keep transferring from high yield stocks in a good economy to low yield safe stocks in a bad economy. And gold in a dangerous economy. But never cash.

Tbh your situation is probably worse than being homeless. So consider how impossible it is to drop further, and use that as an opportunity to do something exceptional. I’d gladly live in my car or in a tent before I’d work two minimum wage jobs. At least then I could go to a library and read all day, develop a skill, or idk, become a monk, a survivalist, a revolutionary, a nomad, or whatever. Much better than being a slave.

What do stocks have to do with being conservative? Hate the game but you still gotta play.

I thought it was REALLY well made. The timescales involved are good for perspective, that the GD was basically only 100 years ago, and WW2 only 80 years ago. Given that the USA is failing under capitalism NOW given our debt being so high and fascism right at our doorstep, but also things like AI and Climate Change here and now, no capitalism as we know it won’t survive my generation.

Not the red plumber either. The other one

Silver looks very chaotic to me ngl. I keep some in my vault just for cheaper exchanges, but not as an investment. Thought some say it’ll go up because of solar technology and AI. Idk

Hmm I see you’re right that VDC has a drop. It also had a drop in 2008. Maybe not.

Also we were speaking in terms of currency you can hold in your hand. I’d MUCH (can not emphasize this enough) have gold and silver in hand in my firesafe than USD or BTC. It’s currency not stock. Cash is literally worthless, I don’t keep much at all.

This is comedy gold

Well it’s a volatile asset, but over a lifetime it trends upward, just not as fast as stock. My question to you is, with the debt, with climate change, with AI, with fascism, how much do you trust currency and stocks over your lifetime?

I’m considering PHYS and VDC as a hedge today when markets open.