“When the government can keep printing money, why we work for them and save them” this is the famous option from the Poor Dad Rich Dad author - Robert Kiyosaki, you can easily find his interview video for this saying on the internet.
image source: https://www.flickr.com/photos/softwarebillionsclub_9/4403349030
We can’t deny that the government can keep printing money which is much quicker than we can earn the money, that’s why Robert Kiyosaki said the US dollar is fake money, it’s kind of toilet paper in his eyes.
Em…maybe it’s right when we are in the bullish market on both stock, real estate, and crypto market. It’s useless to keep too many cash on hand during the asset prices are going up, when we simply keep our money in the bank, the interest can’t even cover the inflation every year which mean our buying power is going down.
Well, as a normal employee in Hong Kong, it’s difficult (I rather say difficult other than impossible) to get a flat / apartment here, the real estate in Hong Kong is the most expensive in the world still, even the stock market in Hong Kong really suck these 2 years.
Okay, we normal employee in Hong Kong can’t easily afford the house / flat / apartment in Hong Kong, what can we do to increase our earning beside having a job? The stock market? As said above, the Hang Seng Index really suck these years, it’s even worse than Taiwan. Sounds nobody willing to invest money on Hong Kong stock anymore.
Our asset will devalue much quicker than simply suffering the inflation when the stock prices keep going down, under this situation keeping cash on hand sounds better than holding the stocks.
The crypto market started pumping a lot since Sep 2023, it’s smart to all in our USDT to the tokens then we can enjoy the huge profit, but the crypto market suddenly crashing 30%+ these days due to the Iran / Israel conflict even though reportedly Iran is not going to attack Israel further and Israel is not going to fight back, the market doesn’t rebound yet.
Suddenly the cash turns into kind again? It’s changing too quick, I really can’t catch up. So I decided not always all in on crypto nor empty my position on crypto, and let my portfolio running, no matter it’s going up or down, I don’t sell and don’t all in.
As I can’t figure when the cash is king, when it’s a toilet paper. What about you guys?
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