It is so vital that you get your cash out of the banks and into an asset like Real Estate, Forex/Cryptocurrency more than ever! Don't say you didn't know either because people have been talking about the value reduction of the dollar for years now. I think we will see a domino from this SVB mess. Major players are getting wrecked including Airbnb, Opendoor, Roku, even Shark Kevin O'Leary has lost millions. This is another reason I like diversification with fractionalizing to spread out the risk.

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funnylikesmart
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You’re clueless

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So instead of keeping your money in a bank in dollars you’re suggesting people put it in a bank in foreign currency instead?

likesmart

I love your humor 😂 keep the jokes coming, so needed! Lol

Good luck convincing anyone that crypto is safer than FDIC insured deposits

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Oh yeah let’s buy real estate right before a major recession and put the leftovers in crypto, an asset with no intrinsic value that governments can outlaw as soon as it starts replacing fiat currency. FDIC insurance always paid out, so banks are safe up to 250k. Right now it’s the time to use HYSA, and certain government bonds.

likefunny

So let’s all just run on the banks and put our net worth in real estate, which is illiquid and has very high transactional costs, or cypto, which is an entire asset class which is based on greater fool theory and isn’t FDIC insured… right

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This can’t be a real post

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So you have no 401k?

Yes, alternative assets are certainly the best, completely uncorrelated with the stock market and economy!

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