Re: BitCoin Reminds Me Of A Out-Of-Control Financial Strategy
Correct. Bitcoins is high risk - high returns.
Most people don't have an appetite for taking risks with investments and bitcoins is not for them. For them, I would recommend a permanent portfolio strategy. 25% gold, 25% cash, 25% equity, 25% bonds. (Gold for inflation, cash for deflation, equity for prosperity, bonds for recession. So you're covering your base for all kinds of situation and should be good as a long term investment strategy for retirement.)
I personally put aside 10% of my investment portfolio for very high risk high returns investments. My risk appetite is a bit more than most. I figure that I can do with 90% of my money what I could do with 100% of it - without missing much. And so I invest in some very new things with my risk money.
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