I Work In Finance, And I Will Never Invest In Crypto – YouTube

I Work In Finance, And I Will Never Invest In Crypto



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  • Video Views: 74314
  • Published On: 2022-01-27 22:39:08
  • Video Published/Author: The Financial Diet
  • Video Duration: 00:04:51
  • Source: Watch on YouTube


In this episode of Making It Work, one woman explains why she’ll never invest in crypto, and why she prefers to keep her money in other investments.

Through weekly video essays, “Making It Work” showcases how *real* people have upgraded their personal or financial lives in some meaningful way. Making your life work for you doesn’t mean getting rich just for the sake of it. It means making the most of what you have to build a life you love, both in your present and in your future. And while managing money is a crucial life skill for everyone, there’s no one “right way” to go about it — you have to figure out what works best for *you,* full stop.

Written by Keertana Anandraj

Video by Grace Lee
https://www.youtube.com/c/WhatsSoGreatAboutThat https://twitter.com/whatssograce

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42 comments
  1. A major reason Crypto is a no go is its violent and harmful real world impact. Not only does it devour valuable resources and make it impossible to get pc parts for the average person, it also raised Kazakhstan's energy prices so high that it caused riots and people are literally freezing to death. Not only is it an environmental poison that no amount of carbon neutralising will reverse, it's literally destabilising countries and harming the people in it. All to fuel some tech bro gambling addictions.

  2. Thank you! Great video! Although I agree with you that crypto is not a sensible investment I somewhat disagree with your reason. The issue is not primarily the risk. Stocks can also be very risky and all the ways you suggest reducing that risk apply to crypto (buy a variety, dollar cost averaging, etc.) The issue with crypto is it is NOT an 'investment.' That is to say, it has no underlying value. Unlike say, buying a share of a company or a mutual fund or and EFT, there is no underlying asset that is producing value or at least can be evaluated. It is pure gambling. If you buy crypto hoping the price will go up, you are figuring that there is someone more foolish who will eventually buy it from you. In that sense it is not even like a lottery ticket. With a lottery ticket you can at least evaluate the probability that you will win (though that chance is very, very low.) It also doesn't work well as currency yet. It might one day, but not yet. The price of most are too volatile and it is not widely accepted or exchangeable. So if someone wants to buy it, they should go right ahead but only with money they are prepared to lose. I agree with you, I'd prefer to invest in mutual funds and/or EFTs that have some underlying value that I can at least have a hope of understanding and evaluating. Love the channel, keep up the good work!

  3. For traditional conservative investors who don't have time to constantly do research, this is alright advice but there are a lot of misconceptions in this video. First off, BTC and ETH are deflationary and can be purchased in fractional amounts, and the same strategies for stocks apply to crypto investing. The people who became millionaires from crypto were the people who were just putting in $20 per paycheck during the bear markets. Most of he big altcoins didn't grow simply from hype, they have solid fundamentals and act as very disruptive technology closely intertwined with where the world is going technologically. Most of the big risks associated with crypto are because the lack of regulation means the space is overrun by scams, rugpulls, and ponzi schemes; but there are plenty of much safer ways to build up a decent crypto portfolio while still holding a majority of traditional assets. Also, as long as you have sole access to your wallet and private key, then YOU and ONLY YOU own your crypto and you don't have to worry about bullshit with brokers, clearing houses, and banks (who are technically your debtor) giving you the middle finger.

  4. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed returns. Also do proper research and invest with the right approach. Stocks, real estate, Hedge funds and ETFs are good investments as well. 🙂

  5. As a women who invested in Bitcoin in 2018, it changed my life. My 4 months of savings invested, grew over the years and has paid off my student loans and allowed me to invest in other areas. I still invest in crypto and I think shunning this area will only leave women out of the next era of financial systems. I think women should explore all the available options to them and diversify in every way. Bitcoin is a hedge against centralized markets which have at many times thorough out past and recent history let ordinary people down.

    Every major company is hiring crypto roles and developing policies on this subject, because it's expected to reach mass adoption in the next 10-15 years. Why wait – invest wisely if you can and out sized returns like the ones I've experienced over a long term trajectory are likely. Not talking about day trading, but investing in an idea that is taking hold and has many applications in the future as governments become less powerful than companies (ie. facebook, apple, google, etc etc.) and currency (power) becomes more global and decentralized. Just another perspective.

  6. I'm also a woman working in the finance industry … I won't put my money in an "investment" until I can see a long track record of how it performs in good times and bad.

    For that reason, I don't consider crypto or NFTs a sensible investment. They are a gamble … 40 years from now, when it's retirement time, they might build to a tidy nest egg … or they may be worth exactly nothing. I won' tell anyone not to buy them, but only buy as much as you can afford to lose completely.

    What do I invest in? Only one thing … a total stock market mutual fund. While individual stocks come and go, the market as a whole has increased steadily over the last 100+ years. It's as safe as you can get while still outpacing inflation.

  7. Thank you for the balanced approach! I'm a crypto supporter, but I have a healthy dose of skepticism for anything that isn't Bitcoin or Ethereum. I have a single-digit percentage of my personal portfolio invested in crypto, and the vast majority of that is in Bitcoin and Ethereum.

    I'm curious, what's your opinion of DeFi as a high yield savings platform? Of course there are more risks than traditional fixed income instruments because you need to trust the code of the smart contact, but stablecoin liquidity pools seem to offer decent returns without the price volatility associated with other cryptocurrencies

  8. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed returns. Also do proper research and invest with the right approach. Stocks, real estate, Hedge funds and ETFs are good investments as well. 🙂

  9. I found it amazing. Whenever intersectionalism gets mixed into something, quality discussion drops immediately to levels of quasi-retardation.

    My advice. Look for solid crypto projects and don’t wait till you are 80 when your index funds gave you enough to live worry free.

  10. Never is a long time. As most central banks are creating their own cryptocurrency you may well be forced to , although you are correct bitcoin is a risk its not expensive as you can buy fractions of a btc

  11. I have seen a lot of people, mostly men, gamble away their savings on crypto. Riding the highs and eventually bottoming out. What upsets me so much is they have families to support and children to feed. I, like you, think they would’ve been better off going to the casino and at least having a good time and free drinks.

  12. You say that stocks are cheaper to get into, then say bitcoin is too expensive; in the same way you can buy fractional stock, you can buy fractions of a bitcoin. For "bitcoin is too expensive" to translate correctly here, you would have to mean that it is currently overbought, and that its overall market cap is too high right now. But you also say that it is likely to gain in value in the future, especially compared to speculative alt coins.

  13. This mindset is so outdated! It's all well in good, but one thing that is clear from this video is that you don't see crypto or NFT past of what they currently are. What they actually are pieces of incredible technology that are here to stay and will continue evolve, past "art club"! I believe it is extremely important to educate yourself and actually understand what it is, rather than treating it like our grandparents were treating internet 20 years ago. Period.

  14. You may be working in "traditional" finance, but what you haven't bothered with is the dive deep into the history and evolution of "money" as a technology over the centuries. Please don't make further videos on this topic till you have informed yourself first.

  15. That last line is super, extremely important for everyone to understand: "For now, however, I am content to watch as people's gambles on cryptocurrency either makes them millionaires or fools."

    Getting (or not getting) into cryptocurrency shouldn't be seen as some kind of personality defining decision for the people that go into it for financial reasons. It's an investment choice made by people with different thresholds of risk aversion, and your threshold for risk is going to determine how you want to approach cryptocurrency.

    We don't insult people for choosing or not choosing the high risk options on their 401k accounts. Maybe we should all try to be a bit more civil and have that same level of good manners for cryptocurrency as well.

  16. I will forever be in-depted to you Christiana_Brat 😇 you've changed my life, I'll continue to preach about your name for the world to hear, you've saved me from a huge financial debt with just little investment, Thanks Ms Christiana Brat 🇺🇸🇺🇸

  17. I also despise the shadiness of crypto…but you lost me at "mansplaining". What does gender have to do with crypto? Nothing. Why do you have to inject race, gender and sexuality into things which have nothing to do with those topics? Sexist and a HUGE turnoff.

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