Time to Buy Altcoins?
I got another email from a guy who says he knows the five altcoins that will EXPLODE in 2023.
Sounds tempting, but short-duration government bonds and cash deposits are giving you the best deal you’ve gotten in a generation (at least the last 15 years). Are you sure you want to fool around with five random financial experiments in a market plagued by scams, frauds, and failures?
Before you answer that question, consider your alternatives.
Equities remain overvalued against all historical benchmarks and dividends will probably take another year to catch up with interest rates.
Commodities remain volatile, risky, and manipulated by powerful interests. Almost nobody can afford real estate anymore and those who can know they’ll get a better deal by waiting for rich people to sell those AirBNB rentals and beach houses they bought during COVID but can no longer service and maintain.
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Oh, and what happens if Credit Suisse fails or Italy suffers a sovereign debt crisis?
Maybe passive income doesn’t sound so bad right now.
Boring? Slow?
