Got to diversify a little bit there. Pick up some baseball cards and old comic books for good measure IMO
I still worry that that stuff is just a big pyramid scam used for laundering money and eventually the government is going to regulate the ever loving hell out of it.
cryptocurrency is awful for the future. It's a dead end in terms of ever-increasing demand for energy and resources to create abstract products with no real world value. Like tulips, but imaginary tulips.
Well a standard product is tied to some industry or production. Cryptocurrency is tied to just churning out increasingly complex calculations tied to nothing at all.
I have no idea what backs it. Anything? When initially started looking at investing some time in the last 15 months bitcoin was about 3k, few weeks ago it hit 13k. Why and how? I have no idea.
It's like the more complex financial stuff in that you aren't really sure what is, if anything, is behind it's value. Then again, I'm convinced the entire world economy is one big ponzi scheme anyway.
The problem I see with crypto vs other investments is that the US Treasury is within its rights to issue a US backed crypto, should that become necessary. They can't issue Amazon stock.
True. But until the banks decide they are ok with it and start applying pressure, it's not going to happen.
Stock market seems too risky to make my initial investment. Land is land and it may depreciate in value but it's there no matter what. An REIT seems rock solid, just with slow and steady returns.
When it is widely accepted as a payment method I suppose I will take it seriously. By then of course it will cost too much to even think about investing. It's already there for guys like me.
I kick myself with my good bad leg for not trying to get a couple downtown condos when they were auctioning off years ago. Would have been paid off and rented as airbnb by now for UBS or other corporations to use vs a hotel for their corp travelers. Just pay me a monthly fee plus cleaning and its yours. Problem was I had like $750 left in my account at the wrong time.