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If somebody is actually new to personal finance or investing, I would be careful with a lot of the stuff in this post. You're likely better off reading the r/pe
by Trasmatta 6y ago
If somebody is actually new to personal finance or investing, I would be careful with a lot of the stuff in this post. You're likely better off reading the r/personalfinance wiki, the r/financialindependence wiki (even if you're not interested in FIRE, there is a lot of extremely useful advice), and the Bogleheads wiki.
- oflannabhra 6y agoI read most of this article and this person is young and single. Even given that, there is some astoundingly bad advice in here (eg, the “I recommend 30% in crypto + individual stocks”). I think a better analysis would be to compare their personal strategy against a baseline one: ie, if they had invested everything from the beginning (including their NBA cards!!) in a total market index fund. I think it is fine to engage in lots of strategies, including investing in individual stocks, but that should not be included in a portfolio recommended to others.