This is a crazy video but it explains the structure of iran and i hadnt heard that yet…

https://www.facebook.com/share/v/14huiVp24pY/?mibextid=wwXIfr

Here is a clip from his senate confirmation hearing. It starts at the three minute mark.



For those that don't wanna watch, lol...

Yes white so you pick a crypto. I chose bitcoin. Its been around and is at a low. XRP i have and is sonehow tied to ripple. I dont understand it all.

Warsh didnt just hold some crypto. He lead research at Stanford about it but thats me trusting google again

So what donyou think yote? That yahoo article is dated july 9 right? Am i missing something?

Well....look at the committee he is on. Productivity and Jobs. Crypto exists. People use/own it. Latest records I could find is that 8% of Americans have it in their portfolios, and 3% have used it to buy/sell things or services. I do think at some point that number will grow. When or with what currency there isn't much telling. Most major banks have some crypto exposure, whether it is through holding it for institutional clients or offering it as an investment option.

So to me.....when you're forming a committee to deal with productivity and job creation of the future, it makes sense you would want at least one person on that committee that understands things like blockchain, digital currency, tokens, etc.

Acknowledging retail crypto usage is a far cry from promoting central bank involvement with it.

I am not just saving at the bank. I invest to match an arbitrary asselt allocation, with arbitrary percentages allocated large/small/micro growth/value, reits, foreign developed (large/small growth/value), EM, EM small, etc. The specific percantages don't matter much, the purpose is to have a specific level of exposure to wide variety of asset classes with varying levels of corelation, but all having a positive real expected return (long term). In each asset class I use index funds as much as practical.

Every year a few asset classes do better than their norm and a few do noteably worse. It makes no difference to me which is which, and there is no need to predict the winners and losers ahead of time. Every few months or so I update balances in a spread sheet I made over 20 years ago to compute the overall asset allocation across all the acounts. If they're out of balance, I buy/sell as necessary to get back close the target allocation.

I googled for a recent historical asset class return chart and found this one.

I think the "responsibly' part of the title is what got me too because there's not very much responsible about this. You acknowledge that you're likely to lose money and are ok with that.

But if you feel that urging people to divest from ETFs like QQQ or VOO to invest that money in PMs and crypto is "responsible" investing, we certainly disagree!

Crypto at least, at this point, is pure speculation. Speculation is okay... but it's not what I'd call responsible investing.

Most people, if they are able to ride out a 3-5 year bear market without needing the invested funds, would be much better off keeping the money in QQQ or VOO..... at least from a risk standpoint.

If they are older and expect to need that money in the short-term, and are uninterested in active management of their own accounts, then they would be better off sticking that money in treasuries if they feel a correction is imminent.

If a person fears a correction, derivatives are also a possibility if they don't mind active account management, as they can earn in a bear market just as they can in a bull market. But, they too are higher risk, IMO.