No pension. No savings. No future. No wonder we’re betting the house on crypto
By Rohit Thawani
I must begin this article by stating that the information I’m providing is not financial advice. I think I legally have to say that because I heard it on a podcast or whatever, I really don’t know. But, if you’re taking crypto advice from me, that might be your first problem.
It all started with a missed shot.
Let’s go back to 2004, when I invested my $5,000 life savings into Apple, a company I truly believed in. It was my first stock purchase, and the first grown-up thing I did for my future immediately after graduating college. Unfortunately, life quickly became expensive. Within three years of my initial purchase, I was forced to sell all of my Apple shares because bills, housing and beginning a new life in NYC on a $29,000 salary didn’t come cheap.
Cold sweats.
I’ve been waking up to them for almost 15 years now, near-panic attacks about the biggest mistake I’ve ever made. That $5,000 investment from 2004 would be about $1.8m sitting in my account today. Instead, I’m about to turn 40, my partner and I are still renters, and both she and I are paying off loans. Compared with most of my peers, we’re somehow among the lucky ones.
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