RE: Why Minnows Don't Buy STEEM
Agroed, i would cash in(and have)my 401k recently, but not for investing. unfortunately i had to pay for what was left after ins. for my rotator cuff surgery....and the 20wks. of rehabillitation. Mine was a self funded 401k though, as the last time my company was sold we had to sell off the 401k and reinvest in the new companies policy...so i just self invested with vanguard...anyhow, my ROI on the 401k was far less than my investments in stocks.. while i wasn't lucky enough to have enough discretionary income to invest back in 08, when stocks were super cheap i still managed to make roughly 58% gains on my financial stocks(of which i have taken the profits off the top because i believe we will have a market correction here in the next three months, and financials are overheated and have less than 7% to the upside shortterm.... I would do like others have mentioned... diversify into stocks, metals(silver is close to attractive for me to start buying again, it seems to have neared a bottom, platinum would be my next choice, as i do not see gold going anywhere anytime soon if the global economy continues to heat up.) if you look into financial stocks look into the smaller regional banks, i see a possibility for some consolidation to take place in the banking sector, and the small banks are still relatively cheap, but are vulnerable to takeover, and even a slight bump in the economy... As for the crypto-currency markets as a whole, Aside from BTC, the market as a whole is still in it's infancy....the risk is very high, but adversely the rewards could be phenominal... Aside from my growing SP here i am not currently invested in crypto yet.. the crypto market has to do a little bit of stabilizing before i'm willing to risk any serious amount into it. with the exchanges going down, troubles trading on one exchange(the one in which has steem paying highest atm..) halting trade of steem, and other things that keep the market unstable keeps the risk/reward ratio just a little too high risk for me atm....but i mean, if you got a little disposable cash lying around that you wouldn't miss if you lost it then by all means buy you a little bit of steem...
cool. Side note. You can use the enter/return key to make paragraph spacing for an easier read.
yes headmaster aggroed! lol... such a grammar nazi you are ... i have become so used to the interwebz being that grammatically lawless land where spelling, structure, and punctuation meant nothing.... time to brush up on my structure and punctuations. Why do i now feel like i'm back in ENG.1 this morning.
I just want to be able to read you comment. Take it as a compliment.
i do.. because if i can improve my writing, i can improve my quality....
did u cash out ur 401k yet? lol i shouldnt have been so angr about it before, i just love tellling people what to do with their money, especialy when i know for afact it will make them rich! and i know u already know thi, but other minnows readiing this should see how people like u are converting 401ks o steem and that will amke steem seem loike more of a serious investment!
especialy with steem prices so low...i know u are waitingf or them to drop to $1 or below before u buy a lot, i think many of us are waiting for tht! as soon as it drops to close to $1 we will see it start rising to $2
dude someone with Megatron's face as theeir avatar should get into a flaame war with you! it would be cool and then seeing some other autpbots come in and decepticons to join the fight!