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 -
I feel like playing with stoplosses and other advanced tools requires a lot of understanding, otherwise you'll implement the "buy high, sell low" strategy. For a person that doesn't know much about how it works, probably wide index hold would work better long term. If you get nervous and sell while down, and then when it goes up you're unsure it's really up until it's clearly very much up and then you get FOMO and buy - then you get sub-market returns.
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