I’m probably preaching against the choir here, but I’ve become quite disillusioned with the stock market. It seems to no longer have any correlation to reality (assuming it ever did). Other than real estate, what are other good avenues to explore?
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The stock markets goes up and it goes down, it just do that sometimes.
In a high interest environment such as now, Guaranteed Investment Certificates are a solid choice. Over the long term it is typical to expect a 4% growth rate in investments. Right now even the big banks are offering 100 to 500ish day GICs for around 4% interest, and some other banks are offering north of 5%. It’s worth looking into.
LoL! I can’t think of any. The closest to the real estate market is crypto.
Just like the stock market, it’s all speculation and what’s the next stupid ass thing Elon Musk is going to do or say.
I think crypto is significantly less legitimate than the stock market.
On some level, publicly traded companies have tangible value (buildings, machines, people, client lists, patents, etc.). Whereas crypto currency has never had any tangible value, it’s all just been a gamble on whether the technology will catch on—backed by an insane hype machine driven in no small part by “rug pulls”, Ponzi schemes, and pump and dumps (if the guy from the Wolf of Wall Street is in on it, run).
Once crypto catches on as a mainstream payment method in a class with debit, credit, and PayPal I think it might make sense to think of shares in the exchanges and/or settlement networks as investments.
However, buying coins to hold in case the line goes up doesn’t seem like a credible investment strategy to me.
Once crypto catches on as a mainstream payment method
‘Once’ implies a degree of certainty that isn’t warranted. ‘In the unlikely event that’ is a more realistic replacement
I would tend to agree, but I spent most of an entire comment shitting on crypto, and I was trying to throw the crypto bros a bone.
Besides, whether crypto will catch on eventually is immaterial to the fact that buying and holding coins is an atrocious facsimile of an investment strategy.
If you’re feeling pessimistic, buy gold. Actual gold, not shares of PHYS or something.
