/biz/ - Business & Finance

>>50552949
I expect a 100bps rate hike and gdp indicating a recession.

>>50554710
Nooo but Jamal has to pay more money for his fried chicken we can't let people make money in the market nooo

As with most investment strats, the key is to be diverse. One way to make it is to all in on shitcoins and hope for the best. But you're greatly amplifying your risk there. I think it's always important to have a backup plan and as your portfolio grows, you should be diverse. Is 4-8% of your income in your retirement account a make or break amount to your finances and ability to gamble in crypto? Then you probably aren't making enough. Going down the list of my finances and why
>6k in the bank, gonna up it to 10k soon due to inflation as it's my emergency fund
>15k in my roth 401k, I contribute 8% for a 4% match (that's a great return for something low risk)
>6k in my roth ira, second emergency fund
>about 10k in stocks, honestly this is my overflow savings
>200k in a mix of crypto and stables
Once you hit six figs I think it's important to start thinking about preserving capital rather than making money. You don't know what your life will bring when you're old, so hedge against it a bit. That's my logic. And if I need it I can cash it out for a penalty or take a loan against it in case all my other asset classes fail and I'm totally fucked. I have 65k of student debt still as well that I pay monthly on

Why is the fucking economy pricing in rate cuts? I don't see any sign that inflation is going down (maybe stagnating a bit) this just smells like insanely misplaced optimism. What the fuck is going on?