Argentina 100 Year Bonds at 25c on the dollar
Not much to say that I hadn't already said 2 years ago.
Remember guys, listen to the media, financial journalists and bloggers. No one knows better!
Government bonds are safe.
Cryptocurrency is risky.
Repeat 10 times.
Retail investors of every generation are always blinded by yield. It does NOT help that the current sexy strategies and mindsets are focusing on "FIRE" and "income investing". Is it even a surprise that majority of the Hyflux bagholders are extremely unsophisticated retail?
To be frank, there is nothing wrong with the FIRE or income investing strategy. The problem comes when people read 30% of the strategy and throw out the 70% portion that talks about risks and risk management.
Say what you want about me and my choices of investments, but you have to admit that I have been remarkably consistent in saying that chasing high yields for the sake of high yields alone without factoring risk is an extremely stupid investing strategy.
Good luck investing in this climate, traditional boys.
Y'all need it.