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Is it even possible to have a step-by-step guide for something like this? outside of "invest in index funds" or other historically secure and boring investments

Is it even possible to have a step-by-step guide for something like this? outside of "invest in index funds" or other historically secure and boring investments everything else looks like a crap shoot.

toomuchtodo 2y ago
https://en.wikipedia.org/wiki/The_Index_Card https://en.wikipedia.org/wiki/The_Index_Card https://web.archive.org/web/20231213153144/https://i.imgur.com/u0ocDRI.png https://web.archive.org/web/20231213153144/https://i.imgur.c... https://www.bogleheads.org/wiki/Three-fund_portfolio https://www.bogleheads.org/wiki/Three-fund_portfolio As 01HNNWZ0MV43FF mentions [1], you can just dump everything you can into VTI or VTSAX, and you'll be ahead of most people. If you're looking for something more, that will cost you time and money to research and manage exposure to (real estate, private equity, other asset classes beyond public securities, etc). Make as much as you can, invest as much as you can as efficiently as possible. That is what buys your time back. (not investing advice, educational purposes only) [1] https://news.ycombinator.com/item?id=41245973 https://news.ycombinator.com/item?id=41245973
forgetfreeman 2y ago
Eh. Everyone needs somewhere to live and the one thing in the world nobody's gotten good at making more of is land.
- dweekly 2y ago
  (Gestures at The Netherlands)
  - kevindamm 2y ago
    (Gestures at artificial islands in the South China Sea)
    - forgetfreeman 2y ago
      yawns in sea level rise
  - dr_dshiv 2y ago
    Bah, the Dutch haven’t created a new province for decades. Are they really getting better at making new land? https://en.wikipedia.org/wiki/Flevoland https://en.wikipedia.org/wiki/Flevoland Now, the UAE, on the other hand… https://en.wikipedia.org/wiki/Land_reclamation_in_the_United_Arab_Emirates https://en.wikipedia.org/wiki/Land_reclamation_in_the_United...
- immibis 2y ago
  A lot of land is terribly utilized. I live in a ~10-storey building, on a ground footprint about half the size of a typical American suburban plot, in one apartment of three on this floor, in one room of the apartment with three. Given the irrational assumptions that everyone is a 1-person "household" ("roomhold"?) living with roommates, and some percentage live with their partners in the same room, this is 200 times more effective use of land.
  - forgetfreeman 2y ago
    Effective by what metric? Provoked mental illness in occupants? Blood cortisol ppm? I'd literally rather live in my car than the conditions you're describing.
    - micromacrofoot 2y ago
      Are you suggesting apartment buildings, which are a feature in every major city on the planet, contribute to mental illness? and that you'd prefer living in a car as opposed to a fairly standard place that millions of people live in?
      - immibis 2y ago
        That's exactly what they're suggesting. It's one of many right-wing talking points designed to keep the poor poor, with no basis in reality.
        throwaway48540 2y ago
        There's nothing right wing about this.
        micromacrofoot 2y ago
        they do hate cities though
- hattmall 2y ago
  Land prices, however are heavily influenced by artificial scarcity. It's also something you are entirely reliant on the government to enable you to own and you can't under any circumstances transport.
  - forgetfreeman 2y ago
    Artificial scarcity? Who sold you that crock of shit? The state of Vermont is 2,615,376 acres in size and that number isn't subject to increase. Short of living in a bunker with a stash of bullion and a couple tons of crated toilet paper you aren't likely to find an investment strat that doesn't rely on some form of governmental oversight.
    - hattmall 2y ago
      >The state of Vermont is 2,615,376 acres I'm not sure I understand the argument. But going with Vermont, the population is 647,000. THat's over 4 acres per person. That's quite a bit. Zoning, restricted access, hoarding, and inefficient markets contribute largely to land having inflated prices. A slightly more progressive government could absolutely change the entire outlook of the land market.
seanthemon 2y ago
personally the advice I follow is to buy actual metals like gold and silver (not invest in those, but physical authenticated metals). I can't guarantee it will gain or maintain value in the future, but i'd rather have a constant than an unknown loss. Anything else I put into S&P500 and forget it existed in the first place
- gambiting 2y ago
  The risk of it getting stolen is too high for it to be attractive as an opion, IMHO.
- wombat-man 2y ago
  Yeah until you need to move a significant amount of it, it gets heavy. My friend's dad does this but they don't ever plan to move. I think they also have it hidden around the home. Oh, also don't get robbed.
- micromacrofoot 2y ago
  > I can't guarantee it will gain or maintain value in the future, but i'd rather have a constant than an unknown loss isn't this contradictory? these values fluctuate and someone could come along with a sorcerer's stone and render all gold valueless

toomuchtodo 2y ago

https://en.wikipedia.org/wiki/The_Index_Card https://en.wikipedia.org/wiki/The_Index_Card https://web.archive.org/web/20231213153144/https://i.imgur.com/u0ocDRI.png https://web.archive.org/web/20231213153144/https://i.imgur.c... https://www.bogleheads.org/wiki/Three-fund_portfolio https://www.bogleheads.org/wiki/Three-fund_portfolio As 01HNNWZ0MV43FF mentions [1], you can just dump everything you can into VTI or VTSAX, and you'll be ahead of most people. If you're looking for something more, that will cost you time and money to research and manage exposure to (real estate, private equity, other asset classes beyond public securities, etc). Make as much as you can, invest as much as you can as efficiently as possible. That is what buys your time back. (not investing advice, educational purposes only) [1] https://news.ycombinator.com/item?id=41245973 https://news.ycombinator.com/item?id=41245973

forgetfreeman 2y ago

Eh. Everyone needs somewhere to live and the one thing in the world nobody's gotten good at making more of is land.

dweekly 2y ago
(Gestures at The Netherlands)
- kevindamm 2y ago
  (Gestures at artificial islands in the South China Sea)
  - forgetfreeman 2y ago
    yawns in sea level rise
- dr_dshiv 2y ago
  Bah, the Dutch haven’t created a new province for decades. Are they really getting better at making new land? https://en.wikipedia.org/wiki/Flevoland https://en.wikipedia.org/wiki/Flevoland Now, the UAE, on the other hand… https://en.wikipedia.org/wiki/Land_reclamation_in_the_United_Arab_Emirates https://en.wikipedia.org/wiki/Land_reclamation_in_the_United...
immibis 2y ago
A lot of land is terribly utilized. I live in a ~10-storey building, on a ground footprint about half the size of a typical American suburban plot, in one apartment of three on this floor, in one room of the apartment with three. Given the irrational assumptions that everyone is a 1-person "household" ("roomhold"?) living with roommates, and some percentage live with their partners in the same room, this is 200 times more effective use of land.
- forgetfreeman 2y ago
  Effective by what metric? Provoked mental illness in occupants? Blood cortisol ppm? I'd literally rather live in my car than the conditions you're describing.
  - micromacrofoot 2y ago
    Are you suggesting apartment buildings, which are a feature in every major city on the planet, contribute to mental illness? and that you'd prefer living in a car as opposed to a fairly standard place that millions of people live in?
    - immibis 2y ago
      That's exactly what they're suggesting. It's one of many right-wing talking points designed to keep the poor poor, with no basis in reality.
      - throwaway48540 2y ago
        There's nothing right wing about this.
        micromacrofoot 2y ago
        they do hate cities though
hattmall 2y ago
Land prices, however are heavily influenced by artificial scarcity. It's also something you are entirely reliant on the government to enable you to own and you can't under any circumstances transport.
- forgetfreeman 2y ago
  Artificial scarcity? Who sold you that crock of shit? The state of Vermont is 2,615,376 acres in size and that number isn't subject to increase. Short of living in a bunker with a stash of bullion and a couple tons of crated toilet paper you aren't likely to find an investment strat that doesn't rely on some form of governmental oversight.
  - hattmall 2y ago
    >The state of Vermont is 2,615,376 acres I'm not sure I understand the argument. But going with Vermont, the population is 647,000. THat's over 4 acres per person. That's quite a bit. Zoning, restricted access, hoarding, and inefficient markets contribute largely to land having inflated prices. A slightly more progressive government could absolutely change the entire outlook of the land market.

seanthemon 2y ago

personally the advice I follow is to buy actual metals like gold and silver (not invest in those, but physical authenticated metals). I can't guarantee it will gain or maintain value in the future, but i'd rather have a constant than an unknown loss. Anything else I put into S&P500 and forget it existed in the first place

gambiting 2y ago
The risk of it getting stolen is too high for it to be attractive as an opion, IMHO.
wombat-man 2y ago
Yeah until you need to move a significant amount of it, it gets heavy. My friend's dad does this but they don't ever plan to move. I think they also have it hidden around the home. Oh, also don't get robbed.
micromacrofoot 2y ago
> I can't guarantee it will gain or maintain value in the future, but i'd rather have a constant than an unknown loss isn't this contradictory? these values fluctuate and someone could come along with a sorcerer's stone and render all gold valueless