4 ms·
As a 33 y/o I am not sure if there has been a point in my life where I _wasn't_ worried about the economy.
by tjr225 5y ago
As a 33 y/o I am not sure if there has been a point in my life where I _wasn't_ worried about the economy.
- Workaccount2 5y agoI lost 3/4 my money (it wasn't much) when I was 20 in 2008 since I decided it was time to start putting my savings into the market like a responsible adult (August '08 is when I did this). The traumatic psychological fall out from that completely destroyed any innate faith I could have in markets and I still suffer from it today regardless of how illogical it is. I basically lived the "...And it's gone" meme.
- rbanffy 5y ago> completely destroyed any innate faith I could have in markets Faith is a bad advisor. I had a similar experience in 2000 (was a millionaire for a while, then abruptly returned to middle-class). Brazilian economy also provided me numerous opportunities (such as when BRL and USD were untied and, suddenly, my friends who were leasing cars in USD had to pay twice as much) to lose faith in markets and capitalism overall. On the bright side, we don't need faith. We just need to learn to use markets to our benefit.
- dntrkv 5y agoAbout the same age, and I don't think there has been a point in my life where I didn't think the economy was on the verge of collapse. My whole life, even now, I think everything will be taken from me any second. Guessing it has to do a lot with the financial stress my soviet-immigrant parents experienced while I was growing up.
- paulpauper 5y agoI just tune it out. There will always be negative headlines, reasons to sell stocks. Reasons to be pessimistic. Instead, I stay invested. What is supposed to be a crisis almost always comes to pass. What is supposed to be ww3 is just self-limited. Ukraine vs. Russia is not Germany vs Poland. We will get through this.