Fragasso is a fool for placing T-bills and Cash as fundamental investment classes. He obviously never learned about Fractional Reserve Banking or Sovereign Debt Crisis from his Keynesian university professors unable to succeed in the private sector.
Investment decisions and their diversification should be weighed according to value cycles and political environ. If you turn this pyramid upside-down, you should find yourself with a more accurate guide. GLD to store wealth, RE to generate income
The key take away from food pyramid is that the food pyramid is for idiots who know shit about how people should eat. Grains, fruits and vegetables give you cancer, insulin resistance and a body to be ashamed of.
lol, cash down the bottom. FYI the dollar has lost 95% of its purchasing power since it first came out. As long as there is a central bank, cash is the dumbest investment ever.
Are you suggesting that there shouldn't be a central bank? If so, please provide an example of how that might work, where it has worked before, and what investment you would suggest that would provide similar safety of capital as cash.
And horse-powered transportation worked well for centuries until it was "ruined" by gas-powered engines. I find all you gold-bugs and dollar haters quite ludicrous. Just because you read something about the tally stick system on a blog that gets picked up by other blogs doesn't mean it's relevant to today's society.
@HardWorkingMoney ok. In the roman empire gold and silver were used as money. The people were very prosperous.
Then romans then wanted to expand their empire and to fund their war, they debased the currency by mixing copper and zinc with their gold and silver. In some cases they just melted the coin and minted it with a high face value. This caused inflation as there was more money chasing the same amount of goods.
The middle class watched as their savings became worthless.
@HardWorkingMoney Yep. There should not be a central bank. It worked for the romans, until they mixed copper with their gold coins (expanding the currency supply).
As for something as safe as cash, well i cant think of any because cash is THAT bad. It is guaranteed and designed to go down in purchasing power.
Clearly an Establishment shill desperately trying to delude people away from real money (gold) and into paper crap while the Establishment burns the paper crap and hordes all the gold.
sorry phil, but you are WAY off the hook here. you are suggesting people should ignore +2400 years of history that awards gold the sole winner against EVERY SINGLE fiat currency by diversifying only a small amount of it on the pyramids top.
is this guy freakin stupid or what? Yeah, gold will kill my portfoilio with the trillions of dollars and euros they're printing out of thin air.. Better get those government bonds that are going bad as the base of your investment pyramid you retard.
I've been getting a lot of hate mail from gold bugs and Forex traders. Gold and currency are highly speculative asset classes that are inappropriate for most investors. Gold went through a 20-year period of zero appreciation. It is now approaching a bubble based on fear. If chroNick546 wants to bet his/her entire portfolio on gold, that's fine. But why would you suggest that someone -- i.e., me -- is "freakin stupid" or a "retard" for recommending broad diversification? Sad.
@HardWorkingMoney What in the world are you smoking? If you knew anything about gold, gold goes through a valuation channel from being undervalued and overvalued like any other asset class except currencies. If you had cash, you would have lost the value through inflation. If you know anything about cycles, you'd know that the bull market isn't even half way finished in commodities.
government bonds are a loser only have the low risk liquid investments to pay all debt exept mortgage/business and meet short term life needs. Focus on investments where a win win is possible rather than bets beccause the other person is at least as smart! Most importantly its not about portfolia return but the value of what your buying, the market is more wrong than right
Most of you will FAIL @ investing. Don't be discouraged. remember success is a poor teach :)
DrQxx 1 year ago
Fragasso is a fool for placing T-bills and Cash as fundamental investment classes. He obviously never learned about Fractional Reserve Banking or Sovereign Debt Crisis from his Keynesian university professors unable to succeed in the private sector.
Investment decisions and their diversification should be weighed according to value cycles and political environ. If you turn this pyramid upside-down, you should find yourself with a more accurate guide. GLD to store wealth, RE to generate income
slavmart 1 year ago
The key take away from food pyramid is that the food pyramid is for idiots who know shit about how people should eat. Grains, fruits and vegetables give you cancer, insulin resistance and a body to be ashamed of.
Sabinka47 1 year ago
lol, cash down the bottom. FYI the dollar has lost 95% of its purchasing power since it first came out. As long as there is a central bank, cash is the dumbest investment ever.
phongle123 1 year ago 4
@phongle123
Are you suggesting that there shouldn't be a central bank? If so, please provide an example of how that might work, where it has worked before, and what investment you would suggest that would provide similar safety of capital as cash.
HardWorkingMoney 1 year ago
@HardWorkingMoney The tally stick system worked very well for over 700 years in England before it was ruined by bankers.
gibbo675 1 year ago
@gibbo675
And horse-powered transportation worked well for centuries until it was "ruined" by gas-powered engines. I find all you gold-bugs and dollar haters quite ludicrous. Just because you read something about the tally stick system on a blog that gets picked up by other blogs doesn't mean it's relevant to today's society.
HardWorkingMoney 1 year ago
@HardWorkingMoney aren't gas powered-engines going to be a failed system after oil peaks?
jakeawaythe16th 1 year ago
@HardWorkingMoney ok. In the roman empire gold and silver were used as money. The people were very prosperous.
Then romans then wanted to expand their empire and to fund their war, they debased the currency by mixing copper and zinc with their gold and silver. In some cases they just melted the coin and minted it with a high face value. This caused inflation as there was more money chasing the same amount of goods.
The middle class watched as their savings became worthless.
phongle123 1 year ago
@HardWorkingMoney cash is not safe. And if you think it is you need to do some reading on the dollar of Zimbabwe, Vietnam and Germany.
If you want something safe, at least have it be tangible like the following:
1) Education. Read books, attend seminars, take courses, try things for yourself and see what happens.
2) Gold and Silver. The only currency that has last the test of time.
3) Real Estate. Great ability to leverage and cash flow.
phongle123 1 year ago
@HardWorkingMoney Yep. There should not be a central bank. It worked for the romans, until they mixed copper with their gold coins (expanding the currency supply).
As for something as safe as cash, well i cant think of any because cash is THAT bad. It is guaranteed and designed to go down in purchasing power.
phongle123 1 year ago
@HardWorkingMoney gold!
madmikeof74 1 year ago
Clearly an Establishment shill desperately trying to delude people away from real money (gold) and into paper crap while the Establishment burns the paper crap and hordes all the gold.
mallamoozoo 1 year ago
sorry phil, but you are WAY off the hook here. you are suggesting people should ignore +2400 years of history that awards gold the sole winner against EVERY SINGLE fiat currency by diversifying only a small amount of it on the pyramids top.
pingadomulatinha 1 year ago
is this guy freakin stupid or what? Yeah, gold will kill my portfoilio with the trillions of dollars and euros they're printing out of thin air.. Better get those government bonds that are going bad as the base of your investment pyramid you retard.
chroNick546 1 year ago
@chroNick546
I've been getting a lot of hate mail from gold bugs and Forex traders. Gold and currency are highly speculative asset classes that are inappropriate for most investors. Gold went through a 20-year period of zero appreciation. It is now approaching a bubble based on fear. If chroNick546 wants to bet his/her entire portfolio on gold, that's fine. But why would you suggest that someone -- i.e., me -- is "freakin stupid" or a "retard" for recommending broad diversification? Sad.
HardWorkingMoney 1 year ago
@HardWorkingMoney What in the world are you smoking? If you knew anything about gold, gold goes through a valuation channel from being undervalued and overvalued like any other asset class except currencies. If you had cash, you would have lost the value through inflation. If you know anything about cycles, you'd know that the bull market isn't even half way finished in commodities.
chroNick546 1 year ago
@HardWorkingMoney "gold and currency are highly speculative asset classes" What are you you saying that real estate and shares are less speculative?
madmikeof74 1 year ago
government bonds are a loser only have the low risk liquid investments to pay all debt exept mortgage/business and meet short term life needs. Focus on investments where a win win is possible rather than bets beccause the other person is at least as smart! Most importantly its not about portfolia return but the value of what your buying, the market is more wrong than right
zxcvbnmjhgfdsa1 1 year ago
Govt bonds, stocks, shares, real estate and fiat instruments of debt - lol. Thats quite funny.
The main 'food groups' should be :
- Preps .. food, water, living essentials
- Guns and ammo
- Gold and Silver
steveoc64 1 year ago 10
@steveoc64 didnt all those investments he mentions crashed or are crashing right now...
phiphers 1 year ago
@steveoc64 I agree, food, water and seeds at the bottom
phongle123 1 year ago
gold/ precious metals should fill the whole bottom of the pyramid. as long as they print money it should stay on the bottom
jayrush01 1 year ago 13
Great ! thanks
frankqio 1 year ago
One argument I would make is that gold will be safe untill all this economic uncertainty has passed.
davfritz 1 year ago