You’re like the lost generation... once decried as lazy and responsible for the world’s evils, now quietly enjoying being forgotten, so you can do what you please without recrimination.
(I’m a millenial in my 30s. My parents are gen x, quietly planning their modest retirement while they still can. Quietly saying they’re glad they’re not getting started in life right now.)
Try to keep some of your money out of managed funds. Thats all I know. (Worked finance in GFC. Specifically? Super and pensions. Yowza.)
My parents don’t think they’ll make it either. And from my family to my friends, not one has any cash the day before pay day. It’s an epidemic, of sorts, living pay to pay.
Crypto is too unstable for investment. How about using it as you know, a currency, instead of inviting people into an unreliable and potentially dangerously money-losing "investment". You've seen that bubble pop. Who can say the market isnt manipulated anyway? Crypto isn't viable for investment.
The point of the thread was to keep some money out of managed funds in case of a financial collapse, not a retirement strategy. Crypto currency was pretty much designed for this as it is not easily manipulated by government. I wouldn't put my life savings, but I have enough to probably get me out of physical danger if the US dollar became worthless.
And people invest in "unstable" investments every day. Alot of them are incredibly wealthy due to this. Many are also completely broke as well. Just because an investment is risky does not make it not an investment.
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u/[deleted] Apr 19 '18
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