The Good, The Bad, and The Hideous. Part Two - Hideously Overdue Update

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I suppose after more than two years to call this an update is to stretch the meaning of the word "update", but here it is: THEY'RE ALL BAD!

Novatech and Cryptoprogram were nothing but Ponzis, and the people that were running them are criminals.  I sincerely hope they go to jail.

After several years of trying, and failing, to not get ripped off by any of the various schemes promoted by shaky folks on YouTube, it has finally gotten through my thick head that you will not make money on any of these pyramids, Ponzi Schemes, or fly-by-night crypto tokens unless you are: a) lucky beyond all statistical probability, or b) one of the scumbags in on the scheme.

I'm not gonna dwell on this, because most folks already know this, or if they don't, probably won't believe me until they painfully discover it for themselves.

The BEST way to make money is to park it in a widely diversified, low overhead cost ETF stock fund like VTI.  Having put at least half your money there, if you want to get "reckless" you could then invest some in SCHD, QQQ, VYMI, and other ETF funds.  Then just let your money sit.

Yes, you can in fact make money with crypto, but it is simultaneously boring and insanely volatile.  Simply park your money in Bitcoin, (BTC crypto, held either in your own hardware wallet, a broker like Fidelity that allows you to purchase BTC directly, or a spot bitcoin ETF such as IBIT, HODL, BTCO, BRRR, or GBTC), then leave it alone.  This will require iron willpower, as bitcoin frequently loses 70% or more of its value.  Over the long run you will have insane returns, (higher than any other investment), but only if you have the emotional fortitude to leave it alone during the long, dark nights of a bitcoin bear market.

It's probably best if you ignore all the other noise around crypto "investing", unless you treat it for what it really is, gambling.

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