I've been doing a lot of thinking lately about how much exposure I should be keeping in the stock market, especially with the rate of growth the markets have seen in the past year (and the potential for a decline).
I'm more than just a cryptocurrency investor. I'm someone who believes that cryptocurrencies, including Bitcoin, are going to change the world. Specifically, I believe that it is going to crush financial intermediaries such as banks, stock exchanges and investment firms.
For decades, I've had my retirement savings invested primarily in stocks. And over time, I've seen great growth. How can you argue with a chart like this (showing DJIA since 1980)?
Now, I am conflicted. Do I continue to hedge my bets with stocks, betting on the same long-term growth trends continuing? Or do I begin to pull retirement money into more conservative vehicles, like bonds, and perhaps even start siphoning some off to invest into cryptocurrencies?
A question I'm constantly asking myself: if I pull money out of the markets, am I really betting against the stock exchanges & banks? Or am I just betting against the success of the global economy in general (not something that I really want to do).
I'd love to hear your points of view on this growing "conflict of interest" (including whether you think it's actually a conflict at all). What are your long-term portfolio strategies at this point?