Cuba Libre
Well-Known Member
Me no understand...... SHOW ME THE MONEY!!!!
Maybe this will help.Me no understand...... SHOW ME THE MONEY!!!!
Love seeing the "smart investors" call bubble the whole way from $1k to $17k, missing out on the greatest bull run of this generation.
Opinions are like armpits
https://invst.ly/61hgc
You maybe right about it causing some tears, no one knows.Bu
Bre-X also had a great run and made some people lots of money. Rest assured this fad is going to redistribute some wealth and debt when it collapses.
It is not Bitcoin you need to concern yourself with. That ship has left the dock and sailed far away.
It is the underlying tech ie: Blockchain tech
This is what you will be hearing about next year.
Blockchain will be supporting almost everything concerned with day to day IT security.
Canada has a few early days Blockchain companies that are good speculative investments currently.
If you can't explain your investment in 2 easy to understand sentences then you don't understand what your money is doing and --REALLY- neither do you!!
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Wise words.Absolutely-have a hunch-bet a bunch---sleep in the streets!! There have been many bubbles in the market-tulip bubble; dot.com etc etc. there was tons of money made and lost on all of them. The early guys who promoted it usually made money-when everyone heard about it and wanted in on the action-the crash came and it was usually the little guy who got hurt. Money is like energy-it never disappears it just resurfaces as another form or in the case of money-redistributed. In the case of Bre-X which was a fraud on massive proportions-no actual money was lost-it was redistributed. Do I understand Bitcoin--a little-do I understand the market-yes I do -and I understand that BITCOIN is in dangerous territory for anyone who really doesn't understand it. Will it crash before it becomes the currency of choice-who knows- but until I can buy a downrigger or a boat with it-at these levels-I'm sitting this one out and All I can say is a poor para phrase of Rudyard Kipling's " You are a braver man than I Gunga Dinh"
On a side note, if whoever has been managing your portfolio hasnt gotten you double digit returns over the last few years. Fire him. They are basically useless.
To do that though, you need at least some simple charting skills that can let you know when to act. Otherwise its that pesky ego/opinion making your decsions. No market goes up foreverWith 5 dollar trades and ETF”s why would u have someone manage your assests.
I pay less the a few hundred bucks annually in fees rebalancing my portfolio.
If you don’t want to pick stocks then ETF with low MER that just track the market.