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TheSingulatarian t1_itoo539 wrote

Buy as much VTSAX as you can. You need to try as hard as you can to move from the employee class to the capitalist class.

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cy13erpunk t1_itopav4 wrote

you sure you didnt mean to say Bitcoin instead?

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TheSingulatarian t1_itosbdy wrote

No, I actually want OP to become wealthy. Bitcoin is for suckers.

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cy13erpunk t1_itqjz1p wrote

bitcoin is for suckers huh? i guess that's why blackrock and the billionaires of the world are stocking up on it

XD

fwiw a total stock market index is probably the safest way to invest in that aspect of the market yes , but at this point in time it would be foolish to ignore the adoption of the next technological revolution in finance [the biggest in our lifetimes]

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TheSingulatarian t1_itqkwmq wrote

Have you been listening to Rich Dad podcast again?

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cy13erpunk t1_itqlepu wrote

nope ; too busy reading other stuff

is this something that kyosaki talks about?

EDIT - didnt even know he had a podcast , but ofc he does becuz why wouldnt he , there's a podcast for everything isnt there? XD

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TheSingulatarian t1_itqm3ws wrote

He did until Bitcoin crashed.

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cy13erpunk t1_itr1olm wrote

fair-weather friends dont seem like the best advocates ill give you that XD

this happens every market cycle , and expecting the adoption cycle of a disruptive technology to be a 45 angle upwards without volatility is naïve

i think its fair to compare the bitcoin/crypto markets to the early .com interwebs ; both overhyped too early on but grossly underestimated long-term

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TheSingulatarian t1_its4j7k wrote

Bitcoin has no intrinsic value. It is purely speculative. It depends on there always being a greater fool to pay more than you did. Eventually you run out of fools. No different than the Tulip Bulb Mania that gripped Europe 400 years ago.

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DeviMon1 t1_itpaq8c wrote

Bitcoin sure, but smth like NANO ( instant feelea crypto is the way

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DeviMon1 t1_itpb61f wrote

Bitcoin sure, but smth like NANO (instant feeless crypto) is the way

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imlaggingsobad t1_itp59mg wrote

serious question, don't you think 90% of stocks will go to 0 the day AGI is announced, since it will basically mean that all those business models are obsolete?

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TheSingulatarian t1_itq7r2b wrote

The wealthy and the corporations will control it. They will make insane amounts of money for 10 to twenty years after AGI. Once everyone is unemployed it is any guess what will happen.

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