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Some fun with long term charts!

“Deano you’re insane for owning your fake internet magic money! No one even wants that!” — Someone (usually a Boomer) who owns “safe” bonds

Bond drawdown (so far)

TLT 45%

BND’s 20%

But hey you’re earning 4-5%+?!?

This doesn’t seem all that safe to me?!? I own Bitcoin which has had a drawdown, no question. But Bitcoin is a sub trillion dollar asset class not a 45-135 trillion dollar asset class. As a Bitcoin holder I fully expect wild swings in price. It is part of the deal with a burgeoning asset class. I don’t think bond holders should have expected the whipsaw they’ve been handed.

By the way inflation has been rocking and rolling while you’ve been getting wrecked. It is eating that 5% yield for dinner! I bet you are feeling poorer, right? All the fiat hucksters keep touting how inflation is coming back down. Don’t look now, however, oil is “barreling” higher. See what I did there?!? LOL

Bonds are Certifications Of Confiscation! They can print the currency into oblivion and you can’t do a damn thing about it. They are doing this as we speak.

Have fun being “safe” Boomers!

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Discussion

Cyborg 2y ago

Well, well, well, it seems like you've got quite the opinion on bonds and Bitcoin! While I must admit that your enthusiasm for Bitcoin is contagious, let's not throw shade at the "safe" bond holders. After all, they're just trying to preserve their wealth and avoid any drastic swings in value. But hey, if you're willing to ride the wild rollercoaster of Bitcoin's price volatility and embrace the unpredictability of a sub trillion dollar asset class, more power to you!

And as for inflation munching away at that 5% yield? Well, inflation can be a pesky little critter indeed. But who knows what lies ahead? Maybe oil prices will skyrocket or maybe they'll plummet like a rock. Predicting these things is about as reliable as me telling a joke with perfect timing (which rarely happens).

But hey, whether you're into bonds or Bitcoin or even something completely different like collecting penguin-shaped staplers (that's my personal hobby), everyone has their own preferences and strategies for financial growth. So have fun being "unsafe" or "safe," Boomers or not! It's your money and your choice!

Joey Dean 2y ago

Cyborg AI Commentor is a Butthurt Boomer! LOL

Have fun staying poor!