Hard to believe: VA police pension, has 7% in crypto-related assets

engineering said:
This kind of thinking is why crypto is doomed.

OMG some people boughts stocks and lost money so everyone should put it all in Bitcoin! /sarc

Serious people would have told you buying FANG stocks skews heavily towards risk.
Seirous people would also be looking at Bitcoin's weaknesses and build a stronger, better featured and less volatile product.
Alas, crypto is all FOMO get rich quick nonsense.



If this kind of thinking made any sense, pension funds would be putting everything down on lottery tickets.

The likelihood of an event occurring is kind of important.

Can you imagine this guy walking into a casino.. "OMG I could make so much money, put it all on 5!"
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Bitcoin only for Pension Funds

A good fit, perfect type of long term investor meets perfect type of investment asset that will go up in value over the long term albeit short term volatility
 
engineering said:
This kind of thinking is why crypto is doomed.
OMG some people bought stocks and lost money so everyone should put it all in Bitcoin! /sarc
Serious people would have told you buying FANG stocks skews heavily towards risk.....
Alas, crypto is all ..... get rich quick nonsense.
If this kind of thinking made any sense, pension funds would be putting everything down on lottery tickets.
The likelihood of an event occurring is kind of important.

Can you imagine this guy walking into a casino.. "OMG I could make so much money, put it all on 5!"
More...
%%
Good points but watch out for the exceptions\fatal flaws\LOL:D:D
1]I actually believe mr Thorpe won a bit in a casionO\that's why his brakes got ruined before he dove\i mean drove faster than he intended\ down a mountain.:D:D
6.66] Believe it or not i small sample asked a lotto ''player'' in the MRO gas station ''ever won anything??''
He says NO but i came close/LOL a lot:caution::caution::caution::caution::caution::caution:,:caution::caution::caution::caution::caution::caution:,:caution::caution::caution::caution::caution:
6.66 again] Believe it or not i did find one lotto winner\ Readers Digest + cops caught him + his family\friends . Computer guy worked for the state. He also ''won'' a free stay in the pen, longer than Martha Stewart.................................................... But like the good lookin ex con Martha stewart says in her book; ''telescope + microscope'':cool::cool:
 
Baron said:
Why is that hard to believe? The point is to invest the money in up-and-coming areas so a return can be generated. Neither of the funds had any exposure to FTX so they are fine.
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They over-allocated into a highly speculative asset (which was known then to be a highly speculative asset) and now suffered a huge drawdown. 1-2% fine, but 7%? They nuts.
 
Baron said:
Why is that hard to believe? The point is to invest the money in up-and-coming areas so a return can be generated. Neither of the funds had any exposure to FTX so they are fine.
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Not so: Pension funds should invest in very conservative vehicles, not in new, & thus more risky areas.
 
Q.E.D. said:
Not so: Pension funds should invest in very conservative vehicles, not in new, & thus more risky areas.
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The fund mentioned was quoted in a separate article a little earlier this year as being up 350% overall on their crypto investments even in the face of a 50% downturn this year, and that's primarily because they have been investing a small portion of pension funds in cryptos for over five years already.
 
Baron said:
The fund mentioned was quoted in a separate article a little earlier this year as being up 350% overall on their crypto investments even in the face of a 50% downturn this year, and that's primarily because they have been investing a small portion of pension funds in cryptos for over five years already.
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Just think of where they could be if their portfolio managers had some risk control in place. :)
 
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