Re: Remember "Bit-Slice" Chips ?

On 23/12/2024 21:25, rbowman wrote:

I read an article this morning about Bitcoin EFTs that went right over my
head. It reminded me of the brilliant scheme of buying derivatives based
on insurance payouts for tranches of mortgages likely to default.
 

I got quite deeply involved in stocks shares and funds at one time.
- Anyone who tells you how to make a fortune begs the question of why they didn't make one themselves and not write a book.
- telling punters to buy a stock is the last refuge of someone who bought early and just wants to make another percent before it nosedives.
-at least 50% of funds do worse than the stock market index. If you dont know which ones, buy a tracker.
- physical gold is generally at least a way to keep place with inflation. Apparently a loaf of bread today costs the same in gold as it did in Roman times...
- If you dont want to spend your days with your nose glued to the market data, find a fund manager who does, and let him take his 1%.
- If there is anything more rigged than FX I have yet to find it.
- Futures and options for 'domestic' investors are rigged so the bank always wins. Unless you do straight forward futures trading at the raw level, dont touch it.
-  aim for about 20% ROI and be happy when you get ten.

I'll stay far away, thank you.

--
Outside of a dog, a book is a man's best friend. Inside of a dog it's too dark to read.
Groucho Marx