Where you're told to put money

Investing has a long-run positive expectation that fees, taxes, and behavioural error chip away at. Crypto was sold as opt-out from TradFi but rebuilt every TradFi concentration pattern plus unique scam vectors. The same dollar across the two produces very different distributions; this cluster audits each. Sources are Vanguard / Morningstar / Brookings (investing) and CoinGecko / Brown Costs of War / FTC (crypto). The gambling audit lives at its own page.

Why these are clustered. Both products are marketed as ways to grow money. Their distributions of outcome are not similar. Investing in a diversified index has positive long-run expectation modulated by fees, taxes, and behaviour. Crypto is negative-EV in the median case across most reasonable inputs. The cluster lets you run the same dollar through each calculator and read the difference.

Where to go from here. The wealth cluster documents what asset ownership actually looks like across the US distribution. The fed page documents how monetary policy redistributes asset prices.