Posted on 10/22/2024 5:50:47 PM PDT by Pol-92064
Paul Tudor Jones, Tudor Investment founder and CIO and Robin Hood Foundation founder, joins 'Squawk Box' to discuss the 2024 presidential election, state of the economy, how to fix the federal deficit, the Robin Hood investors conference, and more.
(Excerpt) Read more at youtu.be ...
Not good news for those in retirement and aren’t willing to risk too much in stocks.
How about crypto as an alternative?
NOOOOOOOOOOOOOOOOOOOO.....
If I go broke every retiree goes broke. Meaning amerika goes broke.
Heh.....still buying high grade tax free munis.....way out long....at a discount.
Do you have something against paying taxes, comrade?
Silver is up 38% over the past year, gold up 32% in 1 year, Bitcoin up 121% in the last year.
(I don’t have stats of .22LR ammo, non-perishable food or antibiotic price increases over the past year...need to work on those).
Bitcoin is still lower than a couple of years ago.
I like your strategy re:munis. I am looking at 3 to 5 year maturity treasuries. Exempt from state income tax.
Think Ross Perot.
“How about crypto as an alternative?”
crypto is a ponzi scheme .... period ... literally, an idea about nothing ...
I would rather lose money on things that I understand versus schemes that I don’t. I have tried to have someone explain to me what it is and it still sounds like gibberish.
“and it still sounds like gibberish.”
well, crypto pretty much IS gibberish ...
BTC is about the same as the “spike” 2 years ago ($67K) and up 198% over the last 10 years. ;-)
BTC has a relatively low market cap ($1.3 Trillion) compared to say the stock market, so has more volatility/spikes (especially now that Wall Street is involved with Bitcoin....BTC ETF’s, etc.). But the overall long term trend since inception in 2009 is up (& up).
https://www.coingecko.com/en/coins/bitcoin
The subject of this thread “Legendary investor Paul Tudor Jones” is long Bitcoin and Gold BTW:
2020:
https://finance.yahoo.com/news/paul-tudor-jones-on-bitcoin-180803661.html
I’ve been retired eight years, my wife about three. We are still heavy in equities, mainly US; about 60%. Taking that extra risk has paid off for us real well. It’s nerve-wracking at times, no doubt, but steady as she goes.
“ Heh.....still buying high grade tax free munis..”
They’re great until the municipality involved goes Chapter 9.
L
All you have to do is make sure you don't buy in blue zones and a current credible credit report.
As long as they produce enough dividends to live on and you have a cash reserve cushion I’m not bothered by being in equities. I hate bonds, they are as close as you can get to cycling money. Equities have come back in about three years for the most part. If you can accept that....
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