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I'm just a humble index-fund-liker who tries to avoid checking things more than once a month, but I'd like to add an observation: Employed people should conside
by Terr_ 2y ago
I'm just a humble index-fund-liker who tries to avoid checking things more than once a month, but I'd like to add an observation: Employed people should consider their own job-sector as something to diversify against.
In other words, don't be like those poor Enron employees who had all of their company 401k tied up in Enron stock.
If your nest-egg craters but you have a job, you can sustain yourself and wait for market recovery. If your job vanishes, strong investments won't get hurt too much if you sell to cover the gap. However, if both happen simultaneously...
- orwin 2y agoWeirdly, if you work in tech, that would be energy companies I guess?
- Jtsummers 2y agoDiversify for a potential tech sector decline would not mean investing in energy companies. The investment in energy companies is largely driven by the tech sector. If you think the tech sector (particularly the AI portions and possibly cloud hosting depending on what foreign companies and other nations do) are at risk, then so are their investments in the energy sector.