6 Things Millionaires Don't Invest In | Phil Town

What are you investing in that is causing you to lose money? Tell me below!

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Do you own bitcoin?

crypto is the future of money. not all of them but Bitcoin will be around for sure.

forex is making me lose money!!!!

Yeah, all that is right, when the whole currency / cash is crashing, hyper inflation and currency print to infinity, then gold and anything that protects value is the safe heaven for purchasing power and cryto is also the same thing, the bet is the doomsday of current batch of FIAT currency!!!! The bottom line of this video is: go for debt and fiat multiplication , millionaires who can borrow cheap interest rate debt based currency can always make new currency on top of the debt plus interest … debt currency multiplier without actually producing goods and service for the actual economy, that is the current fat cat definition of investing !! not for the 99% of average people, period. Simple as that.

I published music through a company. I made around $3 over the year, however it’s a $20 annual subscription to keep my music up. That’s the only fake asset I have really

Is life insurance a kind of fighting one’s money at one place

Im gambling my money into bitcoin until after May 20 then afterwards (with hopefully good returns in a year or two) go into a dividend growth portfolio

Robert kiyosaki invest in gold en zilver too, what if there will be hyperinflatie? Only after the stock market crash its the beste time to invest i think.. wait for the bubble Burst!

Rich people do invest in gold…I ve seen it… look at Dalio….

Some say index funds are the best to invest in because most individual companies do not perform better annually in terms of economic growth when compared to the index fund growth, what do you say Phil? Invest in index funds or stick to individual companies but with plenty of research?

My children. ?

If you live in a family where your parents aren't wealthy just do the opposite of everything they did and you'll be good

Gold is an insurance police, I have 10% of my wallet in Gold. The dollar is being manipulated and printed… Gold will raise a lot!!! In economic crises it is a great asset!

Buying monthly paying dividends

I had a company which was originally a pharmaceutical company then went crypto. the SEC halted trading for a few months while investigating, then when it opened, it plummeted. 🙁 I lost 90% of what I had invested. It's since come back a little, but still down $40+K

Futures Market.

Currently using bank cds, but am waiting for bargains in stocks. Also, have a good amount of silver as a just in case currency.

You forgot to add options to your list

So Crypto is kinda like a Ponzi?

Don’t do it NOW, we bought at 300…….thinking it’s gonna hit 2000…..We bought it in the 70’s….

But wat r the six thing millionaires invest in ??

Cuz all u said were stuff to NOT invest in

The title is 6 things I think I only counted 5. Any hoo. I disagree to a point on the CD comment. When you have worked your azz off your entire adult life you need to have 6 months of savings to protect against job loss or sudden expenses that come up. Also having a little bit of precious metals is not a bad thing just in case the US dollar takes a Huge nose dive and it turns into a barter economy. I do agree that Bitcoin is BS, I have heard the hype but no real explanation of being able to convert it into Greenbacks.

Commodities.. lost money with oil in the 2015-16 crash.

I get what Crypto is. I just cannot accept or comprehend its high price.

If you dig there are crypto’s that generate cash flow

Well gold is (10 to 15 % always) of my portfolio till i sell it . lol It has paid off for me twice. Especially the last time when it bubbled 2011 . It will this time also . Know when to take your winnings off the table. Don't be greedy with gold. CDs are fine to use to wait for the next stock crash, like last time 2008 also . If you have money in stocks as of 8- 6- 19 at least take SOME (30%) of your money out and leave the table happy .Especially if they don't pay dividends. Leave high, buy low ! Stocks are HIGH ! Way too HIGH!!!!! He doesn't mention income property either. When this next crash happens (and it will) be ready with cash for bargains. He knows 20 times more than me, but i'm pretty comfortable , This is my humble opinion. Very humble .

I totally agree with Phil on the Gold Investment – something that I can't convince my family.

He boss I got a question, what do think about solar companies and market? Specially when they are low in yeild or have no yield