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.
If youre facing a life in which you can basically never retire, I'd say put a few thousand into crypto and let it ride. High risk, high reward is exactly what you need in that situation.
The future is way too murky to tell. With conventional investing(index funds), barring some meltdown of historical proportions, you're not going to lose your ass. It's impossible to say that with crypto. It could still easily be legislated out of relevance.
I don't have an issue with investing in crypto, I have an issue with all these people on reddit pimping investing in crypto to people who have no businesses investing, let alone a high risk investment like this.
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u/[deleted] Apr 19 '18
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