The assets everyone should buy into

in #investing6 years ago

@acidyo posted an image which visualizes all the money in the world and it got me thinking. Lately I have been wondering a lot more about the need to own things and by things, I mean assets that either will hold or appreciate in value long-term.

Most of the crap we buy with our hard earned money is not spent well as even the disposable income we might have, gets disposed of though the purchase of consumables that will only lose value over time. YOLO! might be the catch-cry of a generation but, they are likely to be some very poor retirees living off dog food, if not turned into Soylent Green by then.


source

So yes, ownership of assets is a very important factor for all of us and while we might struggle to do so, we should all be trying to have something that holds value, something for emergencies, something that could even appreciate. Yes, this is how I see Steem Power, an asset class, not a money class. There are several reasons for this but a few are the potential to increase significantly in value, the ability to create Resource credits and of course, the ability to have access to a part of the inflation pool to be used for various activities. I don't mind if others see it differently, that is fine.

What is pretty unique about Steem is that at least in this accumulation phase everyone has some access to taking some ownership of something that someday could become a valuable asset. There are no guarantees of course but, are there guarantees for anything? Accumulating value or wealth is seen as a dirty word these days but no one minds people accumulating skills. It is funny because something like money is just a tool like a skill and it is how it is applied that important.

So while I see Steem as an asset class with multiple uses, I will get back to the image. What I wonder when looking at those slices of the inverted pyramid is, how many have access to those financial classes? The largest at the top by far is the derivatives:

Do you have access to that? Could you? I don't know, I don't even know where I would start but, I am guessing that the buy-in stake is going to be outside of my own ability and while not in the best financial shape currently, I would suspect that most of the people in this world aren't thinking about getting into derivative trading at the moment.

Securitized Debt? Government Bonds? How many normal people really get into this kind of thing yet, it is in these things that the vast majority of the world's wealth is moving, circling above our heads, so far out of reach it is insane. Investing at the level most people can invest at is like jumping, and trying to catch a piece of cloud.

It is pretty interesting as we are constantly told to invest our money but for the most part, we as individuals will never likely have access to most of the financial instruments and instead, our investments are skimmed by those who do have access to these kinds of markets. It is all pretty ridiculous to think about really as what we are constantly told to do is actually financing those who we are trying to break free from and it doesn't matter if one invests or, spends every cent, it all goes to the same tier of the global population, the smallest tier.

What I am hoping is that people will start recognizing the pattern and instead start investing into crypto so that at least there is a chance of actually having some ownership over what they buy. While those who get in early might make very large gains, as more and more come in, there will be less and less volatility and gains to be made but, it will mean that there could be a bit of a reset of the way finances are held and operated as people slowly stop financing who we don't want to through our investments. Who knows how it will all work in the end though.

What I do think though is that it is at least going to be attempted which means that even if it doesn't make it, there is going to be a great deal of movement along the crypto lines while the economic battle rages. What is going to be interesting is that if enough people start adding value into blockchains instead of investing traditionally, the monetary fiat market inflation print becomes more and more noticeable and the market volatile. In time, fiat could look much like the crypto markets now except, they will have no future way to return to stability as they are not designed to hold value at all.

Still, who knows what will happen and people are throwing out so many theories about the future that some are bound to get it close. This doesn't mean they are predictive though, it is more like the saying, a room full of monkey's on typewriters will eventually type the bible. What I am glad about though is that I am finally looking at how assets work and, what is an asset to have.

There are three that I have found the most vital and valuable and I hope everyone reading this will buy-in as heavily as they can. Those three are;

Knowledge, Skill and Patience.

Buy, buy, buy!!!

Everyone has access to obtaining those three.
There are others that are available without purchase too.

Taraz
[ a Steem original ]

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Knowledge, Skill and Patience.

Where can I buy this PAT coin? Preferably as fast as possible.

Posted using Partiko Android

lol. exactly. I am in the process of creating it now, I just have to find someone who can do it for me.

Maybe you'll find the guy if you buy enough LEDGE coins.

Excellent input @tarazkp ...

"Most of the crap we buy with our hard earned money is not spent well as even the disposable income we might have, gets disposed of though the purchase of consumables that will only lose value over time."

... as this is absolutely true. Instead, you make a good case for investing in what is readily attainable to all ...

"Knowledge, Skill and Patience."

I would add character traits are essential, without which we're in big trouble. Two of my favorites - integrity and perseverance.

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Two of my favorites - integrity and perseverance.

Yes, I didn't mention integrity because most people put it in the same category as morality which I don't think it is. I actually have it as the core of my own business model as there is a lot of trust needed and developed in the approach I use.

"... most people put it in the same category as morality which I don't think it is."

Interesting thought. I'm not sure I have ever taken the time to think about how others categorize it. Probably because I don't care too much, given I consider it essential. No matter what ... 😉

Glad to hear your business has this at its core. One of my very first Steem posts was about good business and what that is based on, from a long life involved in it ...

And perseverance ... Life is tough. It is a rare exception when any project we work on isn't faced with one or more obstacles. We need to be resolute in our determination to overcome them. I don't personally know any successful people who don't exhibit this trait ...

And perseverance ... Life is tough.

I agree. For me the effort in is a given even if the target will adjust along the way based on new information. People these days want results much too fast and give in, before they even have given time for the seeds planted to germinate.

"... given time for the seeds planted to germinate."

Very useful analogy. I like it! 👍

Yes, this is how I see Steem Power, an asset class, not a money class. There are several reasons for this but a few are the potential to increase significantly in value, the ability to create Resource credits and of course, the ability to have access to a part of the inflation pool to be used for various activities.

The determination by several Steemians to see STEEM accepted at their local coffee shop is well-meaning, I am sure, but I share your vision here and I tend to balk a bit at the enthusiasm with which some push to equate STEEM with money.

Calling stake in Steem money is short-changing it (the pun was not intended, but I'm leaving it). It's so much more than that. Other cryptos have to push for global acceptance as a medium of exchange by grocery stores and airlines and tax collectors. They have to push for this, because ultimately the ability to exchange those cryptos for goods, services, and... uh... "freedom," I guess (that is what we "buy" with the taxes which are stolen from us at gunpoint, yes?) is what brings them their valuation.

STEEM is different; it is a liquid representation of stake in a decentralised community. If nobody accepted it as money for anything, anywhere, it would still have value, because it is tokenised social power and attention, here, on Steem.

it is a liquid representation of stake in a decentralised community. If nobody accepted it as money for anything, anywhere, it would still have value, because it is tokenised social power and attention, here, on Steem.

I think so too and it is going to be more valuable than Karma points or follower count. In time, it is likely that advertisers will start targeting SP holders who are active in the community too because masses gather around them.

Very true that the opportunity to make money is in the circles out of our financial reaches making the richer even richer. If we are smart we can make our own circles which we are doing right now. Getting into crypto early will be rewarding, but we just don't know how much yet. I think we will need wheel barrows but don't know how many yet.

I think we will need wheel barrows but don't know how many yet.

A single flashdrive is really all you need, well, not even that. It is the most transportable asset class ever created I'd say.

This is actually some great perspectives as some of these assets are not even an option for most of the world as one must meet suitability requirements to acquire or trade them! I think that speaks a lot about the centralized focus of capitalism but also leads to the path of leveraging the most valuable asset which is human capital which we all have and can invest in it will little to no fiat needed. This is an ability that Steem allows us to participate in and engage!

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This is actually some great perspectives as some of these assets are not even an option for most of the world as one must meet suitability requirements to acquire or trade them!

OI have heard this but am not in the class to know more :D

This is an ability that Steem allows us to participate in and engage!

It is a pretty good investment if one gets to have personal interaction with the investment itself and, enjoy it.

I agree with everything except the last part about monkeys typing the Bible. @tarazkp

It's a fair comparison if the monkeys were typing for thousands, millions, billions or even more years but if a monkey out of all the monkeys in the world typed the book of one page from the book of Genisis with 75 - 85% accuracy in October of 2018, then another page from the Book of Revelation in November of 2018 (with the same accuracy) and that same monkey said or somehow signed that he would type another page from the Bible with 75% to 85% accuracy I might not believe it outright, but I'd take it seriously and wonder if it was an actual "monkey" or if there is some secret or unknown variable.

  • Having said that, I don't believe in predicting guarantees but likelyhoods, odds and Risk vs. Reward (much like yourself).

P. S. The title in one of my most recent posts is a bit of click bait but I believe the actual article is not. There may be others on the Steem blockchain who made similar predictions and use the same tactic with titles.

It is a probability game with the monkeys. it might take a billion years or 10 billion, but eventually, those monkeys will get it right. Monkeys can do anything. Just think that while they aren't getting the bible, they might actually get out some Shakespeare or Tolstoy between...

Yeah, but people usually don't make non-stop predictions over a Billion years since human beings live less than 200 years.

Take your prediction for Steem. I know there are no guarantees that we will be right but if we are, and Steem's market price increases to $50 USD plus, would you be the equivalent of a monkey who randomly and possibly even accidentally bought Steem, or was it based on something more?

You are looking too much into it. It is a famous saying. :D

Yeah. I am known to do that sometimes, especially with text exchanges. I would try to avoid over analyzing and taking things too seriously sometimes but it is kind of engraved in me and I don't realize I am doing it when I do 🤪

P.S. Thanks for being kind 👍🏻😊

I think to be aware is one good step ahead from the others and now it is time to look into it to see how we can start. Heard about derivative before but have no idea on what and how it works which is a big red alert for myself. In Steem community, I do think most of us here, especially the active ones are avid investors whom are looking for investment opportunities. Thus, through understanding these assets together and exchange experience could expedite our progress in understanding these golden buckets. Looking forward to more discussion as such. Let’s see what I could get out from the Internet too.

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While many people might be investors here, they likely don't qualify to get into derivative trading, at least not successfully. I tihnk there are various laws concerning who can do it too.

Will look that up and see what can be done :) thanks for the info too @tarazkp! Been some time I heard about derivative.

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Great write up as always. Motivational and inspiring, yet realistic in the what if's.

Those 3 assets you listed at the end are all things we should strive to acquire.

People in finances are just like people in the government and lawyers, they make the whole system way to hard for normal people to understand, and unless you go out of your way to understand it you won't be able to get in on the fun, the problem is that for you to "go out of your way" you need time which you don't really have much because the current system enslaves you in a 9-5 job and when you finally get home you are either too tired to even look into it or you just want to spend time with your family...

I like cryptos because they are easy to get into, you just put your credit card in, buy BTC and that is it, or go to binance change to an altcoin and store it on a ledger, no laws, no taxes, no need for you to be a certified investor... in the end it's your money and YOU should choose what to do with it!

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