marcal

If you are unsure what to do, I HIGHLY recommend you put your 401K money into a target date fund. We have them within our basic options.

I just saved you at least 1% of your asset base and roughly 30% over your final value of your 401K due to that little bit of drag each year on your portfolio.

Search for a fee calculator and be AMAZED at how much that little AUM fee costs you over the long haul.

RAA, while nice guys, will Attempt to over complicate your portfolio in an attempt to justify their fee for what they are doing. They will insist that their methods over the long run beat the market and I can assure you that that is not the case. It is not the case for any money manager and if you’re willing to do a little bit of research head over to bogelheads.org and see the light.

The asset management industry simply takes your hard earned money and put in their pocket when it’s something you can literally handle on your own in about 10 minutes this evening and not even have to worry about it for the rest of your life.

Trip7

The scary part is, it's still got alot further to drop. ARKK will go down in the history books as a lesson to investors about chasing returns with absolutely no regard to price.

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Gunfighter

"Those who fail to study history will be doomed to repeat it." -Santayana
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Trip7

Didn't want to add anymore to the $ARKK beat down but as stated, this is too good not to share. Looks like we just hit Capitulation. If it continues on this path will fall to $40 before settling in around $60.

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BCan

Bitcoin.

as Tim Cook recently said, a small portion of your portfolio is reasonable.

IMO, it’s less about BTC…it’s more about how history has rewarded empires who print fiat currency to keep their economies from tanking.

ALOT of previous naysayers are now buying.

It’s arguably where innovation is currently focused.

interesting times.

Drum

CPI is up 7% over last 12 months ; not seasonally adjusted. Cost of money is about to go up.

BTC or some other crypto might not be a bad idea.

panpanpan

Bitcoin acts like a high risk tech asset, more closely resembling the NASDAQ than an inflation hedge. Gold is the inflation hedge that has been money for thousands of years and has real uses. Check out the chart…since 2011 it is a massive cup and handle, holding stable currently around 1800. Waiting for the breakout.

notEnuf

Every "crisis" has it's gold spike and as it passes, its inevitable drop. We are nearly through the latest crisis.

panpanpan

The crisis is just getting started. Just wait until either a) they raise rates enough to pop the bubble economy and we have a depression worse than 2008 or b) they let inflation rough out of control and we approach hyper inflation

notEnuf

That's all crystal ball stuff. It may come true or not. The gold spikes are historic fact. 20 of the last 5 downturns were forecasted. Crypto and ARKK are too theoretical to appreciate significantly and don't warrant the risk IMHO.