1/17/23: Which did More Damage to Your Portfolio Last Year, Bonds or Bitcoin?
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman
00:00
How to Lose More Money in Your Bonds Than Bitcoin
Last year, bonds fell 13%. Bitcoin fell 77%. So how did you lose more money in bonds than Bitcoin? Well, here's how. You only had, if you followed my advice, 1% of your portfolio in Bitcoin. If you had done what I told you to do, sold your bonds and had 1% in Bitcoin, you wouldn't have had just $83 last year. And so, what am I telling you now? For 2023 that you should be doing with your portfolio? well, bond prices are gonna keep going down. As for stocks, volatility is going to persist for a while. Nothing would surprise me.
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