RE: The Value For Funds In Crypto
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The way I view index funds is as "useful" in the sense in that it's not necessarily the highest and best use of my time to become an investment expert, so I can do my own informed investing with some degree of wisdom. I think they serve those who are very busy and just know "I should be in the stock market."
Back when I did do some stock market investing, my personal choices were "sector index funds." For a while, I held technology and Biotech index funds... and that went pretty well, as those sectors outperformed the S&P pretty handily.
As for the cryptosphere? I lack the nerve to venture too far afield because I can't bridge the chasm between a project that appears to me to have little more than "vaporware" to offer, and the fact that the market just doesn't care" and will chase that to the Moon, while projects with solid use cases stagnate. And so, crypto index funds almost feel like a hedge to me.
Nice point about the "layering of value." Sort of reminds me of the "velocity of money" theory from college daze! $1 is sometimes much more than "$1."
=^..^=
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Depending upon how long ago you were in college this is not looking like the case anymore. With the velocity of money dropping like a rock, it is now $1 is $1.
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