you will never own 1 btc

mathematical fact is most people will never own 1 btc

 

2 years ago it was 27k usd

 

today it is 111k usd

 

from this point onwards, the price of btc will probably run faster than any regular person can accummulate it

 

this means that almost nobody will actually ever own more than 1 whole coin 

got some ppl will own more than 1 btc la

rich ppl lor 

which is not you what

 

another way of saying it

if you set aside $1000 usd / $1300 sgd to buy btc every month over the next 111 months

 

after 9 years and 3 months of buying every month

the price of btc will be so much higher than 111k

that you still wont have 1 whole btc yet

go HAM, dont be GLAM

saw a recent video by contrarian turtle

https://www.youtube.com/watch?v=WdlDcmcEtlM

 

HDB

Avoid cars

Market index

 

instead of

Great Looks All Mortgage

 

lol

 

great video

good in showing opportunity cost

 

2 small comments

 

first is that property flippers are leveraged so their returns are amped

 

of course when comparing full cash property vs stocks, buying property is the worse choice

but this fact is actually not common knowledge

 

but then most people buy property on leverage, and therefore the returns are amplified (must also add financing cost)

 

so not really an apples to apples comparison

but i agree with the general idea

i myself use stocks to grow my wealth, not property

 

second is that he says market index investing, but ownself portfolio all in 5 stocks

 

so indexing investing is only good for me, but not for thee? 

generally generally lah

but he exception

i also exception

then everyone exception lor

 

make joke only. i agree with mr contra turtle.

 

nowadays sinkies absd so cannot play sg property markets, i see so many going into... commercial and overseas real estate? 

 

good luck, you'll need it

interest rates dont matter

bank interest rates going down and that worries you?

that means you are a nominal thinking

bank interest rate on cash deposits does not matter

what should worry you is that no matter if savings account interest rates are 3% or 30%, you will never beat inflation with cash deposits in any of the banks

it is sad how many people do not realize this