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birb_cromble  4d ago (text post)   1331 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.

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  • 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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Anyone still here? I could use some help.

Through sheer laziness, I have accumulated a significant amount amoint of money in my bank account. I wish to invest half or more of it. I was initially considering a YOLO into Vanguard's S&P 500, but decided that a more conservative approach by buying into infrastructure related products would be helpful. I have strong expectations of near-term automation induced unemployment, and I suspect that AGI is only 3-5 years away. I begrudgingly pay into the NHS pension because it's a good pension, even if I doubt that it'll be of any relevance to me at 65. Not sure if should, but I do make some concessions to normalcy.

I have enough dough in the familial bank that I'm not exposed to catastrophic risk if my investments don't pan out, but I would appreciate advice.

No major expenses planned. No debt. No dependents.

The S&P 500 is pretty conservative. In over 15 years, the biggest drawdown was 20%. Even >10yr treasury bonds have more downside .

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