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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16616457" data-attributes="member: 137766"><p>Spoken like a true young guy which is fine. When you are older and have exactly ONE nest egg and no way to replace it, you look at an investment, BITCOIN and the like, with a jaundiced eye. Many savvy investors think crypto currency is a Ponzi scheme and Ponzi schemes are great until they aren't. </p><p></p><p>As for where I am, I'm 59 and retired, thanks to some savvy investing when I was younger and a family business that the family hasn't killed yet. I plan to stay retired by managing my money with just enough risk, but not to much.</p><p></p><p>Guys who have time to earn another nest egg SHOULD have a different risk outlook than someone who can't earn another nest egg. A lot of older guys were in the market back in 2007-8 100% risk on that lost everything. They didn't get to retire, they got to keep on working, horrible place to be having to work.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16616457, member: 137766"] Spoken like a true young guy which is fine. When you are older and have exactly ONE nest egg and no way to replace it, you look at an investment, BITCOIN and the like, with a jaundiced eye. Many savvy investors think crypto currency is a Ponzi scheme and Ponzi schemes are great until they aren't. As for where I am, I'm 59 and retired, thanks to some savvy investing when I was younger and a family business that the family hasn't killed yet. I plan to stay retired by managing my money with just enough risk, but not to much. Guys who have time to earn another nest egg SHOULD have a different risk outlook than someone who can't earn another nest egg. A lot of older guys were in the market back in 2007-8 100% risk on that lost everything. They didn't get to retire, they got to keep on working, horrible place to be having to work. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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BITCOIN
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