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.
Jump in the discussion.
No email address required.
Notes -
Yeah it's a long shot, but if the AGI narrative is true, then I think it's possible. Imagine the S&P 500 goes up 20-30% in 3 months. I would be beating myself up for not buying those contracts for $100. I have already acted by putting $ in 5-month contracts and more in 900+ day SPY contracts in anticipation of either rapid or slower "takeoff". This is only 1% of my total account value, but the upside is 300x or more, so I see it as a positive EV. I can easily hedge out the 1% with selling index puts or bonds.
The rest of the $ is in the usual index fund mix, but then there is the lottery play of OTM calls when AI AGI FOMO takes over. If AI is once in a lifetime technology, we could see a once in a lifetime or ever rally.
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