6 ms·

Stocks and money. It's so boring. I will go drive my old German car now, and get a bit drunk in a bottle of Nebbiolo while listening to some French lunatic wit

Stocks and money. It's so boring. I will go drive my old German car now, and get a bit drunk in a bottle of Nebbiolo while listening to some French lunatic with a piano. Enjoy your trip to Mars and your self driving toy cars. The world is off its rails. Bit time.

somewhatgoated 4mo ago
Sir this is a message board run by an US-American venture capitalist organisation; frankly what do you expect
- Muromec 4mo ago
  I expect the balancers to judge and some car batteries mysteriously catching fire as a counterweight.
q3k 4mo ago
What's your SKILLS.md? Is your flow multi-agentic?
- hugh-avherald 4mo ago
  `--dangerously-skip-hype`
xeonmc 4mo ago
just be sure do it in that order and not the other way around
- tclancy 4mo ago
  Feels like there’s little danger either way. How is he going to get back out of the bottle?
MrGando 4mo ago
Dude, are you me? :D
kome 4mo ago
i fully fully agree with you.
euejcidnf 4mo ago
[dead]
abustamam 4mo ago
Stocks and money should be boring for most people. I'm not a financial adviser and this isn't financial advice but I believe no one with a net worth less than $2m should ever buy an individual stock. Invest in a target date retirement fund for your 401k. Same for Roth Ira. If you have more money to invest after that, invest in an index that aligns with you values (for example I invest in an ESG index for environmental, social, and governance, ie no weapons or drugs). I've kept my money boring for over ten years and my boring investments have over tripled in value. I consider it a point of pride that I don't know what the DOW is at or how much NVIDIA is trading at right now. It always boggles my mind when someone who is middle to maybe upper middle class tries to time the market or buys/sells stocks in reaction to random news like this. At best you're going to be up maybe 50% on this trade, and you're going to pay commission to your broker, and may even need to pay taxes. At worst you're going to be down a lot and still pay the broker.
- groundzeros2015 4mo ago
  It’s because you just lived through a 10 year period of the best growth for passive, and there is a tremendous amount of marketing online for passive. I don’t disagree with your basic idea, but not being able to articulate alternatives so that you know when they make sense is going to hurt you. We are possibly seeing a major failure mode for passive for the first time.
  - abustamam 4mo ago
    That's true, but what are the alternatives? Personally I do have alternative investments (crypto, random held stocks) but it's because it's fun money - if it goes to zero, I'm not going to lose the house. If it's the first time it's failing then there's really nothing anyone can do to prepare for it, and I certainly wouldn't recommend laypeople to try to time the market.
    - groundzeros2015 4mo ago
      Alternatives include - paying a mutual fund manager (who will skip the SpaceX ipo) - other assets classes like real estate and bonds - less diversified stock holdings In this story we determined that S&P is going to choose a path different that other ETFs. Does that mean these ETFs differ in quality? Which should you pick?
uyzstvqs 4mo ago
I will go ride my horse, and get a bit drunk off some ale at the local pub. You go enjoy your automobile, electricity, and telephony. Electricity is overhyped anyway. Nikola Tesla is a scammer with his crazy ideas. Not to mention the scam that is Bell's telephony. Electricity is causing a copper shortage for us common folk. This electricity bubble is built only on hype, and will pop soon enough!
- flextheruler 4mo ago
  You've named technologies that people were heavily speculating on that did experience bubbles. A useful technology and a painful misallocation of resources is far from mutually exclusive.
fullshark 4mo ago
Yeah yeah we're all above such gauche matters, it's only the entire reason SWEs have high paying jobs, paper wealth, and all the comforts that come with both, including the freedom to earn enough to walk away and act like you're above it all. (I obviously don't know your circumstances but am commenting about a general phenomenon I see parroted by many professionally successful SWEs who seem to take glee in being ignorant of economics/finance while enjoying the spoils.)
- marcosdumay 4mo ago
  The GP is flexing the idea that he isn't from the US. What is naive in a completely different set of ways. We really don't need more instability coming from your side.
stevenhuang 4mo ago
Presumptuous of you to think your own preferences morally superior to the preferences of others.
vagab0nd 4mo ago
I do enjoy my self driving car :) I've been enjoying it for the last 6 months. And I will enjoy my trip to Mars, when there are nice hotels there. But it's gonna be a while. It's a good time to be alive.

somewhatgoated 4mo ago

Sir this is a message board run by an US-American venture capitalist organisation; frankly what do you expect

Muromec 4mo ago
I expect the balancers to judge and some car batteries mysteriously catching fire as a counterweight.

q3k 4mo ago

What's your SKILLS.md? Is your flow multi-agentic?

hugh-avherald 4mo ago
`--dangerously-skip-hype`

xeonmc 4mo ago

just be sure do it in that order and not the other way around

tclancy 4mo ago
Feels like there’s little danger either way. How is he going to get back out of the bottle?

MrGando 4mo ago

Dude, are you me? :D

kome 4mo ago

i fully fully agree with you.

euejcidnf 4mo ago

[dead]

abustamam 4mo ago

Stocks and money should be boring for most people. I'm not a financial adviser and this isn't financial advice but I believe no one with a net worth less than $2m should ever buy an individual stock. Invest in a target date retirement fund for your 401k. Same for Roth Ira. If you have more money to invest after that, invest in an index that aligns with you values (for example I invest in an ESG index for environmental, social, and governance, ie no weapons or drugs). I've kept my money boring for over ten years and my boring investments have over tripled in value. I consider it a point of pride that I don't know what the DOW is at or how much NVIDIA is trading at right now. It always boggles my mind when someone who is middle to maybe upper middle class tries to time the market or buys/sells stocks in reaction to random news like this. At best you're going to be up maybe 50% on this trade, and you're going to pay commission to your broker, and may even need to pay taxes. At worst you're going to be down a lot and still pay the broker.

groundzeros2015 4mo ago
It’s because you just lived through a 10 year period of the best growth for passive, and there is a tremendous amount of marketing online for passive. I don’t disagree with your basic idea, but not being able to articulate alternatives so that you know when they make sense is going to hurt you. We are possibly seeing a major failure mode for passive for the first time.
- abustamam 4mo ago
  That's true, but what are the alternatives? Personally I do have alternative investments (crypto, random held stocks) but it's because it's fun money - if it goes to zero, I'm not going to lose the house. If it's the first time it's failing then there's really nothing anyone can do to prepare for it, and I certainly wouldn't recommend laypeople to try to time the market.
  - groundzeros2015 4mo ago
    Alternatives include - paying a mutual fund manager (who will skip the SpaceX ipo) - other assets classes like real estate and bonds - less diversified stock holdings In this story we determined that S&P is going to choose a path different that other ETFs. Does that mean these ETFs differ in quality? Which should you pick?

uyzstvqs 4mo ago

I will go ride my horse, and get a bit drunk off some ale at the local pub. You go enjoy your automobile, electricity, and telephony. Electricity is overhyped anyway. Nikola Tesla is a scammer with his crazy ideas. Not to mention the scam that is Bell's telephony. Electricity is causing a copper shortage for us common folk. This electricity bubble is built only on hype, and will pop soon enough!

flextheruler 4mo ago
You've named technologies that people were heavily speculating on that did experience bubbles. A useful technology and a painful misallocation of resources is far from mutually exclusive.

fullshark 4mo ago

Yeah yeah we're all above such gauche matters, it's only the entire reason SWEs have high paying jobs, paper wealth, and all the comforts that come with both, including the freedom to earn enough to walk away and act like you're above it all. (I obviously don't know your circumstances but am commenting about a general phenomenon I see parroted by many professionally successful SWEs who seem to take glee in being ignorant of economics/finance while enjoying the spoils.)

marcosdumay 4mo ago
The GP is flexing the idea that he isn't from the US. What is naive in a completely different set of ways. We really don't need more instability coming from your side.

stevenhuang 4mo ago

Presumptuous of you to think your own preferences morally superior to the preferences of others.

vagab0nd 4mo ago

I do enjoy my self driving car :) I've been enjoying it for the last 6 months. And I will enjoy my trip to Mars, when there are nice hotels there. But it's gonna be a while. It's a good time to be alive.