I got one bitcoin fairly early and sold it at 10k, didn't trust it then. Now it close to 100k, and I'm buying a little every week again it's not to late. I will never sell it again
For Bitcoin, to me the recent appeal wasn't just about price change (I originally bought some in the 20K range when Canada got Bitcoin ETFs in 2021) but all the things around acceptance and regulation and safety. There was just too many shady or uncertain things around crypto, exchanges, stablecoins, etc that made me unsure regardless of price level, so I stopped investing in it. With Dems in power there was still a good chance that Bitcoin would be held back until a lot more regulation was in place. But now with Trump in there and him trying to appeal to the crypto bros (and of course Musk) I think any remaining hurdles are gone and BTC is here to stay and will remain mainstream. I still have misgivings about some things but at this point not allocating at least a small part of my portfolio to it would just be out of stubbornness to surrender in a battle that has already been decided.
The issue with Ben saying Bitcoin has 40% fluctuation is that it was more liquid with less banks/ETFs/governments buying into Bitcoin. It was the Wild Wild West in the 2010's but now its unlikely investment banks/ETFs will bail out of BTC as its being recognized more and more as a legit store of value.
The answer to the first question is no. No, most likely you can not be a successful best performing asset class picker. The reason for that is that many are trying and few are succeeding. Take our compound friends - so much knowledge so many shows and another financial context but consistently underperforming s&p. Many are trying...So unless you're ready to read 1000 pages of info a day like Buffett I don't think picking stocks is a good idea. About 60% of money managers in US are underperforming s&p, some are at the same level, some making a bit more but only few are doing like 16-22%. Avoiding diversification is a smart move for anyone who wasn't born with the understanding of how to benefit from writing down the license plate numbers of cars that stop at the bank.
At 74 yo currently, I set a maximum equity asset allocation of 70/30. This amount is not so risky as for me to sell during a downturn. But during the downturn I won't boost equities either. The 30% consists mostly of cash and Treasuries with a little corporate bonds ETFs. The 70% are in equity ETFs. I have some in "boomer candy" ETFs because of my high amount of taxable assets. I count these as "fixed income" due to their low volatility. This is what I've selected and can live with.
Adjustable Rate Mortgsges often come with both a lifetime adjustment limit and a per-adjustment limit (ex - 5/5 ARM with 2%/5%) each adjustment will be no more than 2% in either direction and the upper and lower bounds of the rate will be +/- 5% at most. So if you take a 5% 5/5 ARM you’re fixed for 5 years and won’t go above 7 or below 3 on your first adjustment and won’t go above 10 or below 0 for the life of the loan
Great point that people need to be concerned about their behavior if they are only now wanting to get into bitcoin considering the ETFs have been around for many months now. But it’s not too late, just buy what you can afford to hold for at least 1 cycle (4 years).
Im deep in crypto and bought a lot at the previous lows, I'm slowly selling now as we keep treading higher. I know what happens when we reach this level of attention. It might keep heading higher and double from here, but the top could also be in or close to be in.
As long as people keep buying, the price will continue to go up. It won't crash overnight, because the exchanges will simply shut off trading. The problem is, if someone finds a back door to Bitcoin, the scarcity element will be gone and the price will plummet to near zero. It has no intrinsic value, other than people buying it and holding it, as though was the store of value...
If you invest in Bitcoin, remember it's with money you can afford to lose. At the most, invest 5 to 10% of your investable capital. If you don't believe that it is a "store of value", a counter to fiat currency, then don't buy. Put your money in CDs and watch inflation eat away at your capital. An easy way to participate is to buy into a BTC ETF such as IBIT, FBTC, or GBTC.
Bitcoin: you get the price you deserve. If you have a 4+ year time horizon you can buy the top and still end up making money. Take a nibble and learn about it. It’s not too late
I am a boomer, Rates were 18% , I decided that if rates dropped to under 10% I would buy a home as a 41 year old, did not have good job till I was 50 … go figure? Avoided the draft by joining the military for a college education. . . Ya did I get a raw deal? Wa wa play the cards your dealt.
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I got one bitcoin fairly early and sold it at 10k, didn't trust it then. Now it close to 100k, and I'm buying a little every week again it's not to late. I will never sell it again
Good job
For Bitcoin, to me the recent appeal wasn't just about price change (I originally bought some in the 20K range when Canada got Bitcoin ETFs in 2021) but all the things around acceptance and regulation and safety. There was just too many shady or uncertain things around crypto, exchanges, stablecoins, etc that made me unsure regardless of price level, so I stopped investing in it. With Dems in power there was still a good chance that Bitcoin would be held back until a lot more regulation was in place. But now with Trump in there and him trying to appeal to the crypto bros (and of course Musk) I think any remaining hurdles are gone and BTC is here to stay and will remain mainstream. I still have misgivings about some things but at this point not allocating at least a small part of my portfolio to it would just be out of stubbornness to surrender in a battle that has already been decided.
The issue with Ben saying Bitcoin has 40% fluctuation is that it was more liquid with less banks/ETFs/governments buying into Bitcoin. It was the Wild Wild West in the 2010's but now its unlikely investment banks/ETFs will bail out of BTC as its being recognized more and more as a legit store of value.
The answer to the first question is no. No, most likely you can not be a successful best performing asset class picker. The reason for that is that many are trying and few are succeeding. Take our compound friends - so much knowledge so many shows and another financial context but consistently underperforming s&p. Many are trying...So unless you're ready to read 1000 pages of info a day like Buffett I don't think picking stocks is a good idea. About 60% of money managers in US are underperforming s&p, some are at the same level, some making a bit more but only few are doing like 16-22%. Avoiding diversification is a smart move for anyone who wasn't born with the understanding of how to benefit from writing down the license plate numbers of cars that stop at the bank.
I work from home with some schedule flexibility. Thats basically retired. So Fire on Fire
James May from Top Gear UK would commonly use the term "muppet" instead of idiot or imbicile. 😆
oh right, I've heard him say that
At 74 yo currently, I set a maximum equity asset allocation of 70/30. This amount is not so risky as for me to sell during a downturn. But during the downturn I won't boost equities either. The 30% consists mostly of cash and Treasuries with a little corporate bonds ETFs. The 70% are in equity ETFs. I have some in "boomer candy" ETFs because of my high amount of taxable assets. I count these as "fixed income" due to their low volatility. This is what I've selected and can live with.
What are your thoughts on preferred stock
Love the show, and level headed tone. After 4 years "playing" the market outside my 401k, im just going to never sell ever
Adjustable Rate Mortgsges often come with both a lifetime adjustment limit and a per-adjustment limit (ex - 5/5 ARM with 2%/5%) each adjustment will be no more than 2% in either direction and the upper and lower bounds of the rate will be +/- 5% at most. So if you take a 5% 5/5 ARM you’re fixed for 5 years and won’t go above 7 or below 3 on your first adjustment and won’t go above 10 or below 0 for the life of the loan
Great point that people need to be concerned about their behavior if they are only now wanting to get into bitcoin considering the ETFs have been around for many months now. But it’s not too late, just buy what you can afford to hold for at least 1 cycle (4 years).
BTC it's my..
Biggest miss lol
Biggest positive asset!!!
150 on 3.57 = 4%.
Imo, aim for 3.25%.
Im deep in crypto and bought a lot at the previous lows, I'm slowly selling now as we keep treading higher. I know what happens when we reach this level of attention. It might keep heading higher and double from here, but the top could also be in or close to be in.
He didn’t have the BlackBerry? Dude it’s 2025
As long as people keep buying, the price will continue to go up. It won't crash overnight, because the exchanges will simply shut off trading. The problem is, if someone finds a back door to Bitcoin, the scarcity element will be gone and the price will plummet to near zero. It has no intrinsic value, other than people buying it and holding it, as though was the store of value...
Wake of the Flood, Laughing Water, ‘49
DENMARK is the best performer over the last 20 years
Based on the return of a single pharmaceutical company.
That's the opposite of diversified.
@@erickarnellfalse. Denmark small caps outperformed Denmark market.
Wimps complain, doers do.
That lost decade of underperforming S&P500 was my first decade of investing. Great time to get into the market.
Ben, please dont SPY shame Duncan lol
haha, I should have known. I knew it was either S&P 100 or 500.
If you invest in Bitcoin, remember it's with money you can afford to lose. At the most, invest 5 to 10% of your investable capital. If you don't believe that it is a "store of value", a counter to fiat currency, then don't buy. Put your money in CDs and watch inflation eat away at your capital. An easy way to participate is to buy into a BTC ETF such as IBIT, FBTC, or GBTC.
Bitcoin: you get the price you deserve. If you have a 4+ year time horizon you can buy the top and still end up making money. Take a nibble and learn about it. It’s not too late
Imagine thinking that going all in on the US “because it did good in da past” is even remotely rational
I am a boomer, Rates were 18% , I decided that if rates dropped to under 10% I would buy a home as a 41 year old, did not have good job till I was 50 … go figure? Avoided the draft by joining the military for a college education. . . Ya did I get a raw deal? Wa wa play the cards your dealt.