Signal feed
@jcbrand@mastodon.xyz
Software development and electronic music.
Works mainly with XMPP.
Creator of https://conversejs.org
Music: http://dustandhofmann.com
Alt (Nostr Mirror): @0f062633c211804dd8a0a441b933ecf8dd7255b02497ef4cd226cbbf7b3a5397
Latest notes
I don't think it's ever wise to take out and use all your money.
Giving advice is almost impossible without knowing your situation, but generally speaking you want to diversify over a broad range of assets in order to minimize risk.
Self-custodied Bitcoin is still an incredible asset. It's liquid, accepted globally, you can carry it around in your head and it's the hardest form of money ever invented.
I would definitely want some during a crisis.
Precious metals (Gold, Silver) fill in some of the gaps where Bitcoin might fall short. They're physical, don't need the Internet or electricity and in a crisis anyone would accept them. Drawback is that they're bulky and difficult to transport over borders. That's where BTC is much better.
Concerning pension funds... difficult to say. Depends on your age. For me they're much lower down the list, particularly because they penalize you for withdrawing and tie you up in rules.
Concerning stocks... depends on who wins. 👇
> From the start of World War II in 1939 until its end in late 1945, the U.S. Dow Jones Industrial Average rose by a total of 50%, representing an annualized return of more than 7% per year. In contrast, the stock markets of losing nations were devastated; Germany’s market lost 90% of its value by 1947, while Japan’s market lost almost 99% over the 1939–1947 period.
Private pension funds generally invest in stocks, so if the stocks crash 90%, there goes your pension as well.
Their main advantage is that they give you some tax benefits when you retire.
We can't find the internet
Attempting to reconnect
Something went wrong!
Attempting to reconnect