Veteran trader Peter Brandt shares his insights on investing and trading, critiquing the common approach to trading.
Peter Brandt's Recommendations
Peter Brandt emphasizes that 95% of people should not pursue trading. Instead, he suggests focusing on real-world skills like plumbing, engineering, or sales.
Investment Philosophy
According to Brandt, one should live within their means, start a family, and buy property with rental potential. He also proposes an investment formula: 80% of capital in the S&P 500 via the SPY fund and 20% in Bitcoin.
Bitcoin's Future According to Brandt
Despite his recommendations, Brandt does not dismiss Bitcoin, highlighting that a 20% allocation remains significant for long-term strategy. He notes the potential for Bitcoin to repeat its 2022 decline, where prices fell by 75%.
Peter Brandt's views on investment offer an alternative approach to traditional trading, emphasizing a focus on long-term strategy and stability.
