I tell that to some who are asking me for advice. I tell them, they have to be prepared for 10-50x bigger price swings as in stocks. And it looks like they are all surprised when something like this happens...
I tell that to some who are asking me for advice. I tell them, they have to be prepared for 10-50x bigger price swings as in stocks. And it looks like they are all surprised when something like this happens...
You're right. Despite all the education, we don't know anything about finances.
They simply don't want that. How could they milk us than?
Education (about economics we learned in school) is worthless. Because in last 10 years, everything is turned upside down - because everything on the market is rigged, one way or the other. If I can tell you just one such case... Up until 2009, stocks and yield bonds (5-30 years), NEVER moved in same direction. So, if bonds went up, stock prices went down for at least a week or two (because of higher prices of every day stuff in shops, so people withdrew some of their stocks out of their portfolio). Today, prices are so centralised that only major central banks are making bigger moves when they wish that to happen. Even on bitcoin. Read my last post about rigged bitcoin price.
If you want to trade in such environment, you got to play by their rules, understand how they think ahead. For more info, maybe you could watch mr. Mannarino - just to clear your view a bit. More well-known are Nomi Prins, Max Keiser, Richard Wolff, Mike Maloney....just to list a few.