The Porn Star Banging Men Into Not Buying Crypto and NFTs

When I socialize with men, I used to hear them discuss sports gambling. Now, they brag about investments in cryptocurrencies, NFTs, meme stocks, buzzy SPACs, and shady tech ETFs. I would approve of these so-called assets if I knew my bros only spent what they could afford to lose, but my dude friends keep telling me, “These are the best investments I can make. I’m going to make a killing. I’m putting all my money in this coin, and you should too!”

“You should have a diversified portfolio of index funds and ETFs,” I say.

“You don’t know what you’re talking about, Cherie,” they reply. “You need to watch this YouTube video and do your research!”

Every woman I know has had this conversation with men in their lives. Since March 2020, more and more men have traded stocks every day. They’ll buy one tech stock and sell the next based on advice from Reddit. Even worse, many are piling their future retirement money into bitcoin or the one thing more speculative than bitcoin: sketchy new cryptocurrencies pumped (and later dumped) by influencers, celebrities, and even porn stars. When women try to talk sense into men, we all hear the same reply: “Go do your research!”

I’ve done my research, and I’ve found that people who invest in speculative manias lose their shirts. Everyone from the Securities and Exchange Commission to researchers in Taiwan see that most day traders lose money. Most professional traders lose money, too. Between 2011 and 2021, the S&P 500 index fund outperformed “top” hedge funds. The average joe should put their investment funds in a Roth IRA or IRA invested in diversified index funds and ETFs. Under no circumstances should anyone invest their entire retirement in a new cryptocurrency promoted by an Instagram model or obnoxious tech CEO.

When I sent this actual research to my male friends, they were uninterested and told me I was behind the times. Men are basically pussy-blind to cryptocurrencies. So, I decided to teach them a lesson or two with my…

Read complete post here:
Source link