Inflation. The hidden tax destroying your wealth. How to beat it. Stocks, Gold or Cryptocurrency?
April 05, 2021 by Cruising Off Duty | Language: EN Play Time: 01:11:54 | SAILING YOUTUBERS
In this episode, we talk about Inflation and how it is under-reported and how it is a hidden tax stealing your purchasing power and wealth over time. We go over the types of investments that have historically been able to outpace inflation and grow your wealth over time.
We discuss: Stocks, Bonds, Gold and Silver and determine if now is a good time to get into any of these asset classes.
We then bring in a new asset class that was not available as an option in the not too distant past. Cryptocurrency! The main Crypto is Bitcoin, but tons of other options in the “Alt” coins may also present good opportunities to grow wealth and outpace inflation.
Going forward, this type of investment education content will be shown only on my new channel called “Investing with Craig”. This first was shown on the COD channel but will be duplicated over on that channel. Please watch it over on that channel and help me get this new channel off the ground by subscribing over there. Thanks in advance! Craig
Here is the link to the episode on that channel: https://youtu.be/46f6n6rg2c0
Here is the link to the Investing With Craig channel: https://www.youtube.com/channel/UCYkZEoxJEerlP2vudKkQOYQ
Inflation. The hidden tax destroying your wealth. How to beat it. Stocks, Gold or Cryptocurrency? Locations
Cruising Off Duty
Welcome to Cruising Off Duty. We are Craig and Janice. We love travelling and we love sailing, so we figure the best way to see the world is by sailboat. We presently have a 35' Beneteau Oceanis sloop that we sail out of Kingston, Ontario Canada, which is on Lake Ontario. We have a longer term plan, when we retire in a few years, to sell everything and buy a 40-50' Catamaran and circumnavigate the globe. Craig loves photography along with land based and drone videography and plans to document everything along our travels to share with the world through Youtube and other social media. For now, follow our channel as we show you the beauty of the Great Lakes and the 1000 Islands area of the St Lawrence River. You will also see the steps we take as start narrowing down the Catamaran we think will suit us best as we move closer to our goal of living full time on a sailboat and exploring the world. It should be a journey worth watching.
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