Funny and real advice.Given how fast the governments are printing money, the only form of “currency” that is worth having in the future would be gold and silver.
It’s best to only invest in things that you understand, because if the investment goes up, then you won’t know when to get out of it, and if you buy something and it starts going down, then you’ll blame the person who gave you the advice.
If you don’t understand how things work, and you for example might invest in gold, and then when/if the stock market crashes as in 2008, it most likely will take gold down with it for a few weeks/months as people will be selling stocks in the gold sector as well to meet margin calls in their equity margin accounts.
You then might decide that gold was a bad investment, and you might get rid of it at its very lows while other people will start buying gold at discounted prices, and then you’ll be in disbelief to see gold skyrocket right after you sold it. This is just one possible scenario. Basically, stick to investing ONLY in things that you understand.
After you buy it, it will go down. Then, after you sell it, it will go up (skyrocket right after you sold it).
