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birb_cromble  6d ago (text post)   1419 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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  • 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.

I'd love to help you, but I think you're going to need an EU person to offer suggestions. Investments vehicles aren't quite the same. I can try to offer some American advice on that.

I invested in XLU years ago as a conservative counterbalance to my growth funds, and it's been going nuts these last few years.

Thank you. It's precisely the kind of thing I was contemplating investing in, and I will note that I do wish to invest in the States, I just need to look more carefully into how hard that is from the UK.

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