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birb_cromble  2d ago (text post)   912 thread views

Weekly Finance Thread

Since a lot of us here have expressed interest in not starving to death in a gutter, I figured I'd start a weekly thread to discuss financial matters.

Ground Rules

  • Remember that we're all just Internet randos. Don't bet your life savings on a hot tip from this thread.
  • Keep culture war in the culture war thread. Yes, global events may impact our personal finances, but that does not mean we have to incessantly harp on culture war aspects here. If you are going to discuss it, please stick to the practical impacts of it on an individual level.
  • Be kind. Remember that everyone here comes from different circumstances. We all have different resources available and different risk tolerances.
  • Don't let the perfect be the enemy of the good. Better is better. Celebrate people when they take a step up and work to move their finances in the right direction. Don't flame out because they haven't followed what you consider the optimal path. Everybody has to start somewhere.
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I invested in Intel over a span from 2021 to 2024 with the thesis that Pat Gelsinger would turn them around, and also that some powers that be would realize we shouldn't keep all our chip fabricating eggs in one basket off the coast of China. I ate shit on that thesis for 5 long years of continuously losing money.

I'm up 300% of of today.

And this is why I go long and don't fuck with contracts.

Also, I doubt it's going to stick, so now I'm considering my exits.

so now I'm considering my exits.

That's probably smart.

Stuff like this is the same reason I don't buy individual stocks anymore.

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