Is freedom number one? Some governments allow everything that isn't forbidden, others forbid everything that isn't allowed. Christianity favored the individual over the group and sent entrepreneurs to heaven, even failed one, while sending pensioners to hell. Dare refusing the majority and taking risks. The majority is always wrong in finance, contrarian thinking pays. Finance isn't guessing things that will raise, finance is guessing things that will fall to avoid them: you don't have to be right, you just have to not be wrong. Never buy an investment with a tax advantage because, if it was a good investment, it wouldn't need to have a tax advantage. State bonds and currencies are the most dangerous investments in countries runed by thieves like France and Türkiye but are good in safe countries like Switzerland. Property rights don't exist in France, people can squat in your house and not pay rent without consequences. You don't need to put your investments and money in your country of residence. Taxed money is money entrepreneurs can't reinvest. Getting rich and staying rich are different activities. To get rich, you need to become an entrepreneur. Do you want a boss or customers? The 4 asset types to choose from are stocks (+6%/y but volatile), gold (stable but +3%/y), cash (+1%y), state bonds (+3%/y). Build your portfolio by following Browne's technique: invest 25% in each asset type for a given country and rebalance quarterly to achieve +5% net after inflation per year without volatility as they balance each others out. Only stocks generate value. France has the largest market share of the Europe Industrials Index according to MSCI with companies like Schneider Electric, Airbus, and Safran; with headquarters in France while not having factories in France because it is less profitable. France has a big industry without factory. Because French companies operate worldwide, you can invest globally while owning a French stock, but don't invest if the state sits at the board. French companies fight against competitors and the French state at the same time. China is currently the most capitalist country in the world. If you don't know the French market, buy a global ETF replicating the CAC40. Money had 3 functions (unit of value, transaction tool, holder of value) until it stopped being backed by gold. Technology made Bitcoin possible, a good contender to gold enough though but will enjoy the same growth once Bitcoin becomes as accepted as gold. AI is less dangerous than state leaders' stupidity. Economy is transformed energy. History's greatest bear markets happened when energy prices grew faster than the S&P 500. Stocks depends on energy so buy some energy ETF while they're affordable, especially oil. Beijing in China (funding), Delhi in India (workforce), and Moscow in Russia (energy) is tomorrow's golden financial triangle and Hong Kong will replace New York as the world's biggest financial center. What is the point of investing in the West full of thieves when the East is soaring? The definition of freedom depends on the society you live in, China and Singapore weren't politically free for the past decades but it enabled outstanding financial growth. Manage your savings yourself, bankers are ruled by states who are thieves.
Charles Gave