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Anyone investing who is not comfortably off has got something wrong, no?
"I'm struggling to make rent and feed my famiky. Should I invest in SEAsian Tech stocks, or midcap US Oil and Gas?"
NotThamesWater-
Anyone investing who is not comfortably off has got something wrong, no?
Ha, no, it was me conflating the two articles but the point kind of stands.
It was this "This is why I have been buying more art and crypto over the past year." line in the melt up article, which was neatly followed with:-
"I have come to realize that the vast majority of my wealth (and my career) is linked to traditional financial markets. Therefore, to hedge this exposure, I have been buying more non-traditional assets over time."
He can afford to take the risk on art/crypto as he's probably got a rock solid traditional/diversified set of investments to fall back on should that all go to pot.
It makes it sound like the only way he could get some stability/diversification was to invest in non-traditional assets, rather than being able to be diverse even within normal investment options of stocks/bonds/etc.
Greenbank
The investment advice of people who are already comfortably off is always worth taking with an industrial sized pinch of salt.