Friday Flight - The New Relief Bill, 2021 Predictions, and Getting Paid in Bitcoin #300

Market Predictions

Joel Larsgaard and Matt Altmix discuss the pitfalls of market predictions for 2021. They emphasize that most predictions are clickbait and not useful for personal finance decisions. Instead, they suggest continuing with regular investment strategies despite sensational headlines 1.

Typically, those articles, those predictions are more sizzle than steak. Ooh, nice. I don't have the substance.

--- Matt Altmix

Matt humorously predicts that his family might go from one car to zero cars, highlighting the unpredictability of such forecasts 2.

   

Spending Habits

Joel and Matt explore how consumer spending habits might change in 2021, particularly with vaccine rollouts. They note that areas like travel, dining out, and in-store shopping could see a resurgence as more people get vaccinated 1.

The reality of vaccine rollouts could make a big difference in some areas of consumer spending that were massively curbed last year.

--- Joel Larsgaard

Matt also shares a personal anecdote about buying a trampoline for his kids, reflecting on how spending priorities have shifted during the pandemic 3.

   

Bitcoin Investments

The hosts discuss the growing interest in Bitcoin investments, citing an NFL player who invests half of his salary in the cryptocurrency. They clarify that he isn't paid in Bitcoin but chooses to invest in it, showcasing a high-risk, high-reward strategy 4.

It's not one that I would consider putting half of my salary into bitcoin. But then again, Matt, I don't make millions of dollars.

--- Joel Larsgaard

Joel and Matt also touch on the unpredictability of the stock market, reinforcing the idea that speculative investments should be approached with caution 1.