There seems to be little talk on finance on leftist spaces. Like tf do I do? I finally saved a few thousand dollars. Now what? Buy a game? Go on holiday? Buy a phone? Fuck consumerism. I can yeeet it into a term deposit and earn like 1% return in my country with rates close to 0.

Thanks to living with my parents, and being unable to buy a house, my financial situation is stable. What do I do chapos? While I wholeheartedly am against the stock market, it appears to be the only viable tool for retaining money (outpacing inflation) in our late stage capitalism at the moment.

I guess what I'm asking is is there any leftist resources/ideas on finance in a capitalist world. Many thanks, a fellow distressed chapoist.

  • ultraviolet [she/her]
    ·
    4 years ago

    I don't think anyone can truly understand the stock market but if you want to invest I think the best way to get some returns is to put it into "safe" stocks that will have stable long term growth or dividends. These are fairly low risk and you'll see some returns so you money doesn't devalue as much over time.

    Don't bother with speculation, margins, shorting, day-trading unless you know what you're doing . Those are no better than going to the casino.

    Try to buy when stock is undervalued (a lot of companies are like that right now but there are exceptions) and sell a bit when it's overvalued.