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Laughing at at the comment that all of a sudden get rich quick folks have appeared in the bay area and changed it for the worse.
Did you study American history? Why people came to America, why they came west, Why California and the bay area?
It has always been the destination for carpetbaggers and get rich quickers.
 
Yep it all started with that damn gold rush thing.

:afm199
 
Entoptic said:
Why is that? There are many different stages of retirement savings? I feel that it is a very smart move to be a 20 something and have a portion of retirement riding on crypto.

Can you elaborate on your comment?
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It's like day-trading, or buying speculative small stocks like biotechs. You don't typically do that with your retirement funds, you do it with your discretionary "play money". I say typical because all these "rules" are just based upon common wisdom and experience, not physical law. If you can get away with making a nice profit and bail before it crashes, then it's all good, no matter whether you did it with retirement funds or not. Presumably your retirement acct is an IRA or 401k in which case you wouldn't need to report any capital gains, so from that aspect it might be a good thing. But the point is that crypto isn't considered an "asset class" with a proven track record, like stocks/bonds/REITs or commodities, so there are no guidelines about what % of your retirement should be allocated to it.
 
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Don't do high risk trades in your retirement accounts. It's too hard to get the money in there, and the amount is limited. Slow and steady works really well.
 
Entoptic said:
https://www.moonlambos.io/
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Interesting business idea...I wonder how they'll write the contracts?

If they never get the currency out of cryptocoins and it all crashes, does the buyer get to keep the car?

On the surface, you'd think so, but it may come down to the smallprint in the sales contract.

They're betting on newly minted Millionaires (in crypto-currency) to spend the 'easy' money on cars, but it seems like a high risk venture.
 
afm199 said:
Don't do high risk trades in your retirement accounts. It's too hard to get the money in there, and the amount is limited. Slow and steady works really well.
Click to expand...

will you share with us what your asset allocation is in your retirement account(s), so that we can understand what a cautious retiree does to make his savings last?
 
AwakeNAlive said:
will you share with us what your asset allocation is in your retirement account(s), so that we can understand what a cautious retiree does to make his savings last?
Click to expand...

:laughing

I'm not sure I am cautious. About 30% fixed income, 40% stocks, 15% annuity, and 15% cash. These figures may vary.
 
Anyone else investing in cannabis stocks right now? The stocks are all skyrocketing out of control, much more profitable than any crypto right now. And I don't expect it to slow down anytime soon with widespread legalization of marijuana expected throughout 2018.
 
MikeyRocks said:
Anyone else investing in cannabis stocks right now? The stocks are all skyrocketing out of control, much more profitable than any crypto right now. And I don't expect it to slow down anytime soon with widespread legalization of marijuana expected throughout 2018.
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Thats a sector worth checking out. There were a bunch of article written earlier in the fall and summer claiming the sector was played out and plateaued then we have the stocks rocketing this past week/month.
I had stopped following but whats the news that has this sector all fired up again?
 
MikeyRocks said:
Anyone else investing in cannabis stocks right now? The stocks are all skyrocketing out of control, much more profitable than any crypto right now. And I don't expect it to slow down anytime soon with widespread legalization of marijuana expected throughout 2018.
Click to expand...

What are you looking at? The few I found have dismal financials.
 
same, still looking for pure cannabis with solid financials

maybe it's because they aren't allowed to participate in federal banking system :thumbdown
 
Wouldn't Tobacco stocks be the best cannabis play? You Know Phillip Morris and the likes are ready when the Feds say go.
 
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