The economy and markets have been on a crazy tear these days.
Think about whats happening.
The Yolo Economy – You no longer need to be in a specific geographic location to have a job. = > here.
Magic internet money has increased in value by 12,000%.
A new Jersey deli with a single location is listed at over $100 million.
Digital crowds can now manipulate markets – this used to be the exclusive purview of high net worth individuals or institutions. Per CNBC.
The Fed has dumped a ton of money into the economy – the total supply of money increased by $3 trillion in 2020 alone.
With all this insanity, the only helpful thought I can offer is: try not to get sucked into the economic craziness. If you can’t, then just take a very small percentage of your investable assets and play along. Whatever you do, try not to get involved in the insanity. Because…insane market conditions have a habit of ending badly.
James Hendrickson
James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.
Now that’s a true statement! When it comes down who knows how far it will go.
Beau, I put like $65 into dogecoin. It went from 73 cents to 45 cents…overnight. Its amazing how volatile the cryptocurrency markets are.