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 -
This last couple of years have been odd. If you picked the magnificant 7 then you look like a genius. But tech can swing drastically, and honestly I don't like Meta or Amazon. I split my portfolio between a little less than 30% in individual stocks, and just in my brokerage (the IRA is all funds). I should have riskier with the IRA since I had some good hunches (my brother talked to me about Fannie Mae and Freddie Mac when they were at less than 50 cents), but I'm a buy and hold guy. For picking individual stocks I mainly choose what I'm interested in, home-town favorites who my friends work for, and if I have any macro-economics hunches (if rates stay higher for longer how do you think that affects bank stocks?).
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