So are lottery tickets, I guess.

Let’s us absorb others’ risk so that we can carry their debt into our never-retirement. FUN.

No no no no no no no

Everyone should have a mix of stocks, bonds, and cash, right? So why not penny stocks, junk bonds, and crypto? That's a diversified portfolio.

Also: fill your barrels with snake oil strategic reserves before its too late!

No. Absolutely not.

I fixed the statement: "CRYPTO ASSETS MAY SERVE AS PART OF A DIVERSIFIED DIVESTMENT PORTFOLIO". Thank you for your attention to this matter.

Hell no!

I'd sooner invest my retirement funds in scratch-offs. That way I might at least have a shot at coming out on top.

Well at least we all now how the next wobble turns into the next stablecoin driven US economic panic and then into something global and depressing. So we got that going for us.

Throw some lottery tickets up in there too.

I cannot imagine what will go wrong with this, can you? 🤦

Garbage is diverse. Shrug.

Also Game Stop.

Some people will never learn!

This only holds true in Las Vegas and most Indian reservations.

If you’d like something a bit less risky, may I recommend some shares in the South Sea Company. It’s bubbling up. Or there’s tulip bulbs. I hear there is quite a mania for them.

What I like about Tulips is how easily they can be used to transport value globally and programmatically

Shells and smooth pebbles could too, but you know. Dumb. As dumb as crypto.

Well, for the originator they do.

Ok, but what about Beanie Babies?

Thing is, diversified and enshittified have almost the same Japanese translation. He’s saying crypto can be part of an enshittified portfolio.

An "asset" with no underlying value....

It’s working great for University of Chicago

Mr. Ryssdal, what does it mean that we have the AI bubble and the crypto bubble about to pop at the same time?

Dude’s got a closet full of Amway products he’s just waiting for the right time to sell…

Not just no, but “Oh HELLS no!”

We’re doomed. They made fetch happen.

If they were actually assets that might work, but no.

Speculative investments for a richer tomorrow.

I'm broadly diversified with NFTs, beanie babies, and tulip bulbs, so crypto will fit right in.

Add some baseball cards for more diversification!

Reminded me of this SNL skit... which is utter chaos, but hilarious take on beanie babies youtu.be/zatUernhzNw?...

Yikes!

Correction: HELL NO!

It doesn't say a "good" diversified portfolio

CHEF WENDELL: CINNAMON TOAST CRUNCH MAY SERVE AS PART OF A BALANCED BREAKFAST

Yeah,.....I won't download music because I like having the liner notes in my hand along with the CD. You think I'm going to trust my retirement in something that I can't hold in my hand, much less, understand? Nope.

My son was watching a movie where the NYSE crashes because of a political attack. He said if that happened he would put all his money in crypto. I asked him what guarantees there would be that he gets his money back…

Only way to guarantee that as much as possible is to run your own full node. If all other nodes and replicas go offline, running your own at least helps have a cryptographically verifiable replica of the state of your funds.

This smacks of Herbert Hoover promoting buying stocks on margin.

For a second, I thought he said crypt assets, and he was buying collector coffins. Everyone should have at least one, just in case things get really bad.

Stephen Miller can give you financial advice on that.

Bless you and your posts.

Come on Kai, he said as an investment, not as a benchmark currency. That's for Trump's third term.

That’s ridiculous. I’m diversifying my portfolio with Trump NFTs where he’s dressed like a cowboy or an astronaut, and burying coffee cans full of quarters in the backyard.

Hell no