3 Assets To Buy In 2023 And Not Look Back At Your Portfolio For The Whole Year
Inflation has already picked up
2022 is proving to be one of the most difficult years in living memory. There is no asset in which to take refuge. No gold, no stocks, no bonds, no cryptocurrencies, nothing. Well, if we had to highlight one asset it would have been the dollar itself.
If you live in a country whose currency is other than the dollar, this has been the only asset that has been able to save your purchasing power and not see how inflation eats up your savings by 10% this year.
We, as you know, use the Euro daily. However, we have about 30% of our portfolio in dollars. Not only that, but we have them compounding at a rate of 6-10%.
We warned some time ago that we knew that the dollar, in times of insecurity, was going to be a great safe haven against other currencies.
However, everything is cyclical and does not last forever. We are already beginning to see this with inflation and the CPI, which is decreasing considerably, and we expect it to continue to do so during 2023.
Investor behavior is very predictable, which is why they almost always lose money. Because of reactions such as the following:
In 2020, after a huge pandemic, I started buying Zoom and telecommuting companies because they will be the future. Since then, it has fallen from $500 to $75.
In 2021, I bet on Bitcoin. It has behaved excellently and is digital gold. Since then, from 69k to 16k.
In 2022, we will face the biggest historical recession, inflation, and QT is driving everything down but the dollar. We will go from a DXY at 112 to ??. At the moment, it is already at 106.
If you can relate, we will help you do better. The average investor is very predictable. Just the opposite is happening with cryptocurrencies. Indeed many of you have been told at your Thanksgiving dinner that cryptocurrencies are a scam. We were:
(We believe that Twitter can make a lot of sense to inform in "real-time", if you want to keep up to date and boost the community, do not hesitate to follow us).
From our point of view, the market only works if it does the most damage to the most people.
This premise is tremendously important, and we must always keep it in mind.
At Asymmetric Finance, we believe that contrary to what many gurus think, we will face a recession much more similar to that of 1990 than the one we experienced in 2008.
Everyone is free to choose where to invest their money. It is totally legal if you want to invest it in dollars and have what happened in the previous example happen to you.
However, if you want to go one step ahead, here are 3+1 assets that can give extremely good returns in the coming year: