Quote:
Originally Posted by swarmee
There are some cryptos that are stores of value, if that's what you want. Look into USDC - the US Dollar Coin. It tracks the value of the US dollar, so that you don't have to be invested in a volatile coin if you choose. It's like when I move my investments in my retirement savings account into a cash or bond fund if I expect market turmoil.
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https://www.chicagobooth.edu/review/...he-nobel-prize
Fama's basic thesis is don't try to time the market, because you won't win. Not you personally. Just look at all the people who panicked when the pandemic drove down the market in early 2020 and got out, and then didn't get back in as the market soared back up.
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Four phrases I have coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
Last edited by Peter_Spaeth; 12-31-2021 at 08:53 PM.
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12-31-2021, 08:45 PM
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