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/biz/ - Business & Finance

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54899565 No.54899565 [Reply] [Original]

how do I protect myself from inflation and banking collapse as a financial brainlet? I have all my money in the bank like a retard but I'm not brave enough to put it all in random shitcoins or smart enough to invest it normally. I like the sound of silver but I am afraid of how much I will lose to fees and shit.

sorry I don't have a frog picture to post so please accept this anime girl

>> No.54899680

>>54899565
25% in PM, 25% in BTC/ETH, 25% in property/land, 25% in ammo/food

>> No.54899682

>>54899680
What about the remaining 25%?

>> No.54899688

>>54899680
>ETH
forget ETH and replace it with AVAX. also LINK.
>>54899682
more AVAX & LINK.

>> No.54899767
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54899767

>>54899565
>how do I protect myself from inflation and banking collapse?
>I like the sound of silver

>> No.54899868

>>54899565
>I like the sound of silver
The absolute worst thing you could do to "protect" yourself "from inflation and banking collapse" is to go all in on Silver as it's the exact opposite of a hedge against inflation. Silver was $49 in 2011 and today it's crabbing around $26-$22 and that's WITH inflation having massively increased since 2011 and exponentially going up. But it's even worse than that as it was nearly $50 in 1980 and since 1980 inflation has increased even more than since 2011.

Just spend 70% of your fiat on BTC and ETH and some XMR, spend 20% on shitcoins that aren't too retarded (no jeet PNDs), and 10% on Gold.

>> No.54899896
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54899896

buy silver, Shiny rocks have always been real money, and they look cool.

>> No.54899898
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54899898

>>54899682

> What about the remaining 25%?

>> No.54899927

>>54899688
old speculative alts aren't hard investments, they're like buying TSLA

>> No.54899997
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54899997

>>54899565
buy gold, not silver

>> No.54900070
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54900070

>>54899682

>> No.54900646

>>54899927
Avalanche is getting mainstream adoption, you probably dont even know what subnets are.
go educate yourself.

>> No.54900661

>>54899565
Buy 25% S&P 500, 25% Bitcoin, 25% Gold, keep 25% cash

>> No.54900737

>>54900661
I'm literally retarded what does this mean? do I just buy stonks that are part of s&p or do I buy into a fund that has them all?

>> No.54900746

>>54899565
Withdraw into physical cash dumbass

>> No.54900759

>>54899680
Ah the schizo stack

>> No.54900760

>>54900737
S&P is the name of the index fund friend

>> No.54900773
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54900773

>>54900737
Yeah like VOO or SPY

>> No.54900774

>>54900760
Specifically 500 is, well, the S&P 500, when people say buy S&P500 they don't mean buy individual stuff like when they say "buy tech stocks". S&P500 is an index fund with shares and a buy in price

>> No.54900811

>>54900661
This is the true all weather portfolio that doesn't sacrifice upside anyone saying something else is wrong

>> No.54900825

If you need the money within the next ~4 years then put in a HYSA that gives you like ~4.6% risk free return.

If you can weather downturns and have the guts, put it in a S&P500 index fund. Time horizon is important here, you could be stuck in a down cycle for 4-5 years but if you don't need the money you can stay in and not lose long term.

>> No.54900937

>>54900811
what is the best way to buy gold so you don't get jewed by fees?

>>54900825
I was trying to save to buy a house but prices keep going up. I don't know if I should keep saving or accept being a rentcuck forever. I made several bad decisions so I will be close to 40 in 5 more years.

>> No.54900990

>>54899565
you buy shiny boomer rocks (gold, little bit of silver)

>> No.54901042

>>54900937
Fees aren't that bad for burgers, even on Apmex it's like 5% for Maples or Britannias, really not any worse than Coinbase or Kraken fees for bitcoin.

>> No.54901402

>>54899565

Theta, XRP, XLM, TDROP, TFUEL, ADA, BCH, DGB.

>> No.54901411

>>54900937

I wouldn't even touch the housing market at this point. Real Estate overvalued. Gold/Silver undervalued.

>> No.54901677

>>54901411
renting is killing me mentally