4 ms·

I just don't think soaking in the latest US drama is great for your mental health or a good use of your time, unless you actually live there. It's not good if

• hospitalJail 3y ago
  Wow, I basically came here to say this. Heck, me and my Dad can't even talk politics because of how toxic it is. The worst part is that, if you live here, you need to pay attention for economic reasons. As much as fund managers tell you to 'not time the market'. It seems obvious to pay attention to things like interest rates, stock market prices, etc... before making major purchasing decisions. If I ignored the news, I'd be buying a lake front property at 8% interest rate, instead I'll wait for a collapse. (Did it with COVID in April 2020 and got ~30% off on my indexes)
  • suddenclarity 3y ago
    > instead I'll wait for a collapse I've been waiting for the housing market in my country to go bust since 2008. Any day now.
    • hospitalJail 3y ago
      Oh man, you missed the 2020 collapse. It was only a blip. We got our real estate absurdly cheap at 3.1% interest rate. Makes it really hard to find a bigger place when everything is 3x more expensive now. We tell our real estate agents how much we pay now, and they are mind boggled.
  • lotsofpulp 3y ago
    > instead I'll wait for a collapse. (Did it with COVID in April 2020 and got ~30% off on my indexes) What does this mean? You were invested in equities before Jan 2017, then sold them, then held cash between Jan 2017 and Mar 2020, and then bought equities again precisely at the bottom in mid Mar 2020? Does the 30% off factor in missed dividends?
    • hospitalJail 3y ago
      I basically held cash from 2018 to 2020. Prior to that, all of my money went into my wife's doctorate degree.
      • lotsofpulp 3y ago
        Supposed you had had cash to invest in early 2013, at what point would you have invested it in equities?
        • hospitalJail 3y ago
          Immediately. I'd probably start pulling back about 10 years after 2008. Basically, when times are too good, that is when to sell. Although, selling means you have to pay tax, so I'd probably just horde cash more than selling. I've only played the market on a few different 'news' things that I'm an expert in, put like 2k in, stock price goes up 10%, make $200... Too high risk for $200. Right now I'm dumping everything I have into stocks and resource based trusts. (and as mentioned, looking for more real estate)
          • lotsofpulp 3y ago
            > Basically, when times are too good, that is when to sell. And your metric for this is what? An even sounding number in base 10 after an arbitrarily chosen dip? > Although, selling means you have to pay tax, so I'd probably just horde cash more than selling. So you would bet the drop in prices will be less than the 20% tax on the capital gains just before the drop in prices? > I've only played the market on a few different 'news' things that I'm an expert in, put like 2k in, stock price goes up 10%, make $200... Too high risk for $200. I do not understand. If it was too high risk, why did you do it?
            • hospitalJail 3y ago
              >And your metric for this is what? An even sounding number in base 10 after an arbitrarily chosen dip? Read Tao Te Ching(I liked Stephen Mitchel Translation, its only 80 pages, its the first book of Taoism, 2nd favorite book of all time). I'm a numbers guy, but I can't deny that you can 'feel'/'see' the Tao. When your redneck neighbor buys a gigantic boat and has a 7 year car loan, its something you notice. >So you would bet the drop in prices will be less than the 20% tax on the capital gains just before the drop in prices? This ignores risk too. >I do not understand. If it was too high risk, why did you do it? It was a good stock in general, I was 100% certain the market made a mistake on the news, $2000 dollars is nothing, if I lost it, my life wouldn't have changed at all.
  • jncfhnb 3y ago
    [flagged]
  • j33zusjuice 3y ago
    Of course they say that, they make a percentage on the money you invest with them. But it feels like a really obvious piece of any risk assessment. And your risk tolerance heavily depends on how much you can afford to lose. But I guess that’s the idea. You never bet more than you can afford to lose (stocks are gambling, idc if anyone disagrees). So it’s hard for a lot of people to consider entering right now when they’re sure they have very little they can afford to lose, and the probably of total loss seems exponentially higher now than two years ago, and it’ll likely be exponentially lower in a few years. OTOH, you might be wrong, and you might miss the best opportunity of your life.
• alphanullmeric 3y ago
  Usually said the loudest by people that refuse to leave for countries they claim are better.
  • causi 3y ago
    I don't claim any countries are better. I'm saying an addiction to spending all your time following current events is unhealthy.