The stock market is overvalued, gold markets could very well be manipulated, bonds are a bug in search of a windshield and central banks have done little more than give lip service to unwinding their balance sheet.
So I turn to alternative investments.
One such alternative investment (really more of a speculation) is cryptocurrencies. While I remain somewhat skeptical of cryptocurrencies, particularly bitcoin, they continue to go up in price. Early adoptors of cryptocurrencies like Bitcoin have made millions. While I think trying to make millions in cryptocurrencies is incredibly risky, I do think having some money in cryptocurrencies isn’t the worst idea ever.
To that end I do own some of the cryptocurrencies that I think are more promising. I’ll be sharing which cryptocurrencies I own exclusively with my Newsletter Subscribers.
There are specifically six cryptocurrencies that I’ve chosen to own. I only purchase what I can afford to lose. Given the extreme volatility of cryptocurrencies and the difficulty in valuing them I can’t emphasize enough how risky it is to own cryptocurrencies.
But for those willing to take the risk a cryptocurrency going to zero for the potential of large return, cryptocurrencies are a great way to speculate. I’ve put together a summary of the group of six cryptocurrencies I own.
I’ll be sending it out to my newsletter subscribers this Wednesday the 6th.