What are good investments outside of crypto?
It is very unfortunate what is happening in venezuela. I wish the united states would forget about north korea for a second and make some attempt to re-establish stability in south america.
As things stand there is nothing I could do to help venezuelans.
Looking at venezuela's currency devaluation there could be opportunities for profit there. Shorting the bolivar. Buying bolivar when its nearer to making a recovery could both yield decent gains if someone could get the timing right.
What are good opportunities for investment outside of crypto? Is it moral to profit off of the unfortunate conditions of people in venezuela and other countries? What do ppl think about this?
well this forum is really great for cryptos, but what some guys are recommending here regarding general investment strategies is a disgrace.
The one and only long term investment strategy is a cost optimized, buy and hold stock/bond portfolio with a constant rebalancing strategy, diversified within all global markets and regions.
Currencies and Commodities simply do not economically create value (its only speculation, that the demand is increasing).
I agree that cryptos may rise in the future due to higher acceptance and public adoption, but that does not mean that:
1: this is in fact gonna happen and
2: The long term return is higher then stock/bond portfolios
If you need help with stock/bond investments, let me know.
By the way: I invest 80% in stocks, 10% Bonds, and 10% Crypto. But the allocation depends on your wealth and income
PM