Just wondering how you guys diversify your wealth?
I read that there are 4 areas rich people invest in: 1. Stocks, 2. Real Estates, 3. Gold and 4. Collectable like art pieces and wine.
I don't really favour stocks ATM because with all the QEs resulting from the 2008 financial crisis, we will see another stock market crash soon.
Same for real estates.
I favour gold but gold price has been declining for the past several months. I suspect there's substantial artificial supply from paper gold.
Not really familiar with collectable so I will not go into it.
Obviously, bitcoin is part of my portfolio.
Where else can we invest our wealth?
you've covered all your bases dude...
but lets dive into this a little
Real Estates is a MUST, everyone needs a nice place to live, and i dont give a shit if the price of my house goes UP like crazy down like mad or flat for years, why you ask? because when i move i'm essentially trading a house for a another house so who care about the housing market prices... investing in housing beyond a nice place to live for your self, might not be a bad idea, for some odd reason some people like to rent and not buy, exploit them! lol
Stocks GTFO GTFO NOW!!! that is all. lol
PMs and other Collectables, yes why not art and coin collections are cool, poeple are always going to want these things, this is a hot dog play, a wealth show off play.
Bitcoin, this is the next big thing, or at least has the potential to be, at the very least its falls into the Collectables category, only, backed with
extreme liquidity ( you can buy Big houses and all kinds of expensive shit with this shit
https://www.bitpremier.com/ )
Where else, agriculture? china? hookers and blow? fuck man i don't have a clue, just buy all the bitcoins ok?