I still don't understand bitcoin so I don't know, are we?
I bought a Vanguard index fund for my son and he bought a share of Amazon. His Amazon is up 44% and the index fund is up 4.18%. Early in the year, he was up about 20% since we bought for him, a little over a year ago. Now the account is up 9%, since the first buy in October 2017, since the Vanguard has gone down so much in the last couple of months.
I discussed it with him and told him what various people had said to do. He decided that Bae was the one he wanted to listen to since he probably had the most money of anyone weighing in. I thought that showed good instincts, to model one's behavior on the goal one wanted to reach, in lieu of any other definitive information. As in, if you want to get somewhere, follow a role model who is already there.
I thought that was smart of him. I picked the Vanguard index since I understood better how to do that.
The Amazon was his own addition, using logic. He still has some cash since he is so loss-averse; he wanted to leave some in cash.
Martha Stewart built a fortune on that kind of beauty, so really, were the Dutch that far off? Prettier than bitcoin, which reminds me of the Matrix.
As Will Rogers said,
Buy stocks that are going to go up. If they don't go up, don't buy.
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