Right now, I am enjoying almost 5% in my money market funds, but started to look wearily on a gigantic money flow there...don't like crowded trades.
Well, I suppose that if you are earning 5% interest on your dollars, then that is better than earning 0% or even some faction of a percentage - and perhaps, 5% might keep up with inflation, but these days there are a lot of doubts regarding whether 5% would be very reflective of actual inflation.. and the suggestion that "we all have our own inflation number" does have some truth to it, even though that same statement is used to manipulate perceptions of actual inflation and to propagandize folks into maintaining some confidence in status quo fiat-based systems.
Any budget is likely going to strive to categorize various kinds of liquidity and surely there are needs to keep some funds continuously liquid to the extent that any of us have monthly expenses. Wasn't there one point in which you, Biodom, had mentioned that you needed to have something like $15k per month of passive income merely to feel that you were at entry-level fuck you status, and surely none of us should be judging the standard of living or even the "accustomed lifestyle" that any of us expects, but there are so many folks in the world in which either $1 million entry level fuck you status will work, even if it is likely safer to consider $2 million as a kind of widely applicable number... and of course, if there is a passage of time, we always should be accounting for how that number might change (or get diluted) through the passage of time, but if we make a statement in 2013 that entry level fuck you status is $1million, then in order to be consistent, it does seem that based on so many things that have happened in terms of the denigration of the dollar (and perhaps especially since March 2020), it seems reasonable that doubling to $2million in 2022/2023 dollars seems in the ball park of reasonable.
It seems that around a year ago or so, I had mentioned in one of my posts that some supposed "expert" was proclaiming that if our number used to be $1million prior to March 2020, then now it would be $8 million, and I surely find that to be a bunch of bullshit and exaggeration, even though surely the value of the dollar could go shooting down, as it seems that Belaji's prediction of $1million per BTC to come by mid-June 2023 seems to require.. which seems to be quite below 1% odds of something like that happening in such a short timeline.
Things are looking pretty shitty, but not as if the whole system will collapse within 90 days or whatever (fewer days now, of course since that prediction was a couple of weeks ago).
Honestly, I have no idea of the system's "state". Lots of statistical information seem to disappear from the interwebs, or so it seems.
My smallish (way below FDIC limit) cash is in an unnamed SIB, but even then I am considering to move most of it to the money market fund for now. About 55% of my fiat is in money market funds, 45% in some risky stocks (used to be 50:50 before 2022 stock market declines), no index funds or mutual funds other than money market.
5% is, of course, very little, and NOT a winning move in 2023 (so far), although it was in 2022.
In 2023, bitcoin is the clear leader, followed by both stocks and bonds, RE is underperforming for obvious reasons.
Mentally, I am almost ready to get out of money market funds before most people do the same, so will be looking at all indicators like a hawk.
Currently, and for the last year, not doing anything with bitcoin, for better or worse, just hodling.
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