it is a gambling addiction first and foremost. and that is why crypto absolutely must be outlawed, as capitalists love to exploit people with vices like this.
Another good rule of thumb is to invest in those index funds which average the major businesses because our capitalist overlords will never allow them to fail or not see profit so your only realistic hope for retirement is to ride their coattails. Making individual investment decisions that are consistently contrarian might net you some wins but the consensus opinion will self actualize because they actually control the economy.
Edit: also real estate is rapidly being priced to the point where only massive investment rent collection corps can buy anything, which is already who is buying most of the property in places like London and New York. It’s coming to your town soon too. So get into property if you can and stop giving money to a goddamn landlord as soon as you can before it’s too late to escape that rung of feudalism.
Also, as much as fees suck mutual funds are usually a good stress-free way of saving. Just drop some money in there and don't look for years, lol. Oh my investments are down? That's none of my business.
it is a gambling addiction first and foremost. and that is why crypto absolutely must be outlawed, as capitalists love to exploit people with vices like this.
Yes and the lottery along with that. Where I live (and I'd imagine all over) there are ads everywhere for the lottery. Shit's evil
Relevant :citations-needed:
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always needed
Good rule of thumb is to put only ~5% of your life savings in any investment.
Another good rule of thumb is to invest in those index funds which average the major businesses because our capitalist overlords will never allow them to fail or not see profit so your only realistic hope for retirement is to ride their coattails. Making individual investment decisions that are consistently contrarian might net you some wins but the consensus opinion will self actualize because they actually control the economy.
Edit: also real estate is rapidly being priced to the point where only massive investment rent collection corps can buy anything, which is already who is buying most of the property in places like London and New York. It’s coming to your town soon too. So get into property if you can and stop giving money to a goddamn landlord as soon as you can before it’s too late to escape that rung of feudalism.
Based and Boglepilled
Still a good idea to track multiple indexes unless you are super conservative and going super broad like VTI.
Also, as much as fees suck mutual funds are usually a good stress-free way of saving. Just drop some money in there and don't look for years, lol. Oh my investments are down? That's none of my business.