Of course we’re in a bubble! Everything is bubblefied. Grantham’s missive, which you posted, makes it clear as a bell.
Except he didn’t mention BTC, which is the most significantly appreciated asset in my portfolio. Bought RIOT (I really like the irony here) LEAPs in early December; they’re up nearly 200%. Ditto GBTC, appreciated circa 100% across a number of accounts. Oil, too, via XOM and XOM LEAPs, as well as USO LEAPs, has done great.
My 24 y/o son’s real money retirement account, the most aggressive, has gone bananas.
Yes, we’re in a bubble.
But I really do wonder if the cryptos are merely undergoing price discovery.
I have some physical gold and silver which I plan to die with. Otherwise, my bubblefied stuff is very liquid, with laddered stop limit sells on everything. The plan, of course, is to take profits in a downdraft.
Plus, 42-43% is cash.
My home is the only real estate I own.
None of these will survive a financial crisis or something very dire, but it is the best I can do.
I prefer to own mostly paper gold because of the liquidity. But I also have a core FNV never-to-be-sold position.
We’re in a new reality, with politics gone to hell everywhere. Crooks, bums, freaks, bureaucrats, dictators, tyrants, high-tech billionaires, etc. everywhere trying to dictate to us. I really don’t ‘get’ this bizarre human instinct to control, enslave and dictate how others should live. But it is a reality and it can catch us in its net.
I’d like to think that my planning, and the Mexican passport I can easily acquire, can provide shelter in a storm. |
