HACKER Q&A
📣 sigmaprimus

Do You Like Stocks Crypto or Precious Metals for 2022?


I think I may have tricked myself into a confirmation bias when it comes to my personal thoughts on the subject. It seems the algorithms have decided I like watching TEOTWAWKI type videos on Youtube and now my personalized adds are all for Prepper items and Bullion.

The stock markets have treated me quite well the last couple years but recently I have been feeling nervous.

I like the concept of crypto but do not have a strong understanding of it beyond the general ideas. In some ways I wonder how many people really know what is going on, very similar to the pre 2008 derivatives market build up.

I do like shiny things but am concerned that my current bullish mindset of precious metal might have more to do with being brainwashed to a certain extent from the media and advertising systems pushing that content to me.

So I was hoping I could humbly ask the YC community members to share their opinions on investing in one, two or all three of these market spaces.

As with anything regarding predicting the future there are no right or wrong answers and I understand any comments are opinions and not financial advice.:\

Thanks


  👤 lastofus Accepted Answer ✓
Most everyone agrees the price to earnings of stocks is crazy high right now for stocks. Everyone is expecting a crash at some point. That said, no one has any idea when it's going to happen, and how bad it will be. If history is any indication, eventually the economy will recover and will continue to grow. How long will that recovery take? Again, no one knows. Point is, you will probably be fine with stocks if your time horizon is long enough.

IMO Crypto is a ponzi scheme that is simultaneously hurting the environment. Others feel differently. The only real value I've seen come out of crypto beyond making illegal activity easier is immigrants from El Salvador can now send money home without fees.

Ray Dalio has an interesting "all weather" portfolio for capital preservation regardless of what the market does, part of which holds precious metals. Beyond that, metals and commodities are speculation IMO.

If you are nervous and want to sleep better at night, just adjust your asset allocation to be more bond heavy (ex. 65/35 stocks/bonds). Thanks to inflation, TIPS are killing it this year. Also, max out your Ibonds if you haven't already.


👤 UncleMeat
You shouldn’t take investment advice from random people on the internet unless that advice is incredibly bland and basic. HN does not have magic hunches.

👤 jstx1
1. Stocks.

2. Crypto.

3. That's it. And I don't even like crypto.

If you're taking the prepper stuff seriously, you need to cut it out as soon as possible.


👤 ozzythecat
> The stock markets have treated me quite well the last couple years but recently I have been feeling nervous.

I’ve been investing in the market since I graduated college many, many, many years ago. Over time, the market has gone up reaching new highs.

Every few years I felt like it was overvalued. More recently, I remember looking at my portfolio in 2015 and thinking it was overvalued and bound to crash. In Nov 2017, I felt the same way. In 2019, I was in a meeting with a manager at my company and somehow the stock market came up. We agreed it had grown too much and was due for a significant correction.

In March/April 2020 I had friends who panic sold during COVID.

I follow a few personal finance websites, and there’s a story every few weeks or months about someone predicting a collapse.

My strategy hasn’t changed at all. I’ve been purchasing VTSAX every month for many, many years now.


👤 tata71
sigh

This isn't financial advice.

But I'd hold ETH/BTC/LRC/MATIC in equal portions right now.


👤 nvelty
Depends how TEOTWAWKI you wanna get. I think at some point most preppers realize that having a degree of self-sufficiency and a strong community is far better for a collapse scenario than any alternative store of value. I've been splitting the difference between stocks, crypto, and bullion, and I'm looking to buy a home in a smaller community where I hope to try my hand at small scale farming/ homesteading. Ultimately though, having a large number of competent people you can trust with your life is the best thing for any prepper scenario.

👤 ashwagary
Gold lost more than 50% of its value over the last ~10 years of QE. That's quite a failure.

👤 ddorian43
> So I was hoping I could humbly ask the YC community members to share their opinions on investing in one, two or all three of these market spaces.

For you I'd advise NTSX and chill.


👤 manbart
I’m all in on Pogs and Beanie Babies, they’re due for a major comeback!

👤 defaultprimate
Land