In a recent episode of his podcast, comedian and political commentator Jon Stewart criticized corruption on Wall Street, drawing parallels between U.S. financial markets and the case of former FTX CEO Sam Bankman-Fried. Stewart highlighted the “legalized corruption” present in both instances. He pointed out examples of corruption such as congressional stock trades and conflicts of interest on Wall Street, which American businessman and investor Mark Cuban agreed with.
Both Stewart and Cuban emphasized the power of money in influencing the political system and financial markets. They discussed the lack of transparency and the presence of fraud when opacity exists. Cuban stated that while the cryptocurrency industry will improve, the government and politics remain corrupted.
For those who wish to invest their money outside of Wall Street, several alternative approaches are available. Real estate is a popular long-term investment due to property appreciation and the opportunity for passive income through rents. Investing in residential real estate investment trusts or participating in online crowdfunding platforms enables individuals to invest in real estate without the high costs associated with homeownership.
Investing in gold is another option for those seeking a safe haven for their money. This can be done by purchasing physical gold or investing in gold mining companies or gold exchange-traded funds (ETFs). Opening a gold IRA allows for investment in precious metals within an individual retirement account.
Exploring alternative assets can also be a viable investment strategy. Fine wine and fine art have demonstrated consistent growth over the years. Investing in wine can be done by purchasing individual bottles or utilizing wine investment platforms. Online art investment platforms allow individuals to invest in the art industry without the drawbacks of owning physical artwork.
It’s important to note that this article provides information and not advice. It’s always advisable to research and consider professional advice when making investment decisions.
– Stewart, J., & Cuban, M. (2021, September 30). The Problem with Jon Stewart. (Podcast episode).
– This article provides information only and should not be construed as advice. It is provided without warranty of any kind.