A weekly thread to discuss financial matters - from personal all the way up to global.
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.
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Notes -
If you don’t want to get super rich but just rich I keep thinking that investing in stuff well-off now unemployable people would do more of is a good idea.
You can find cheap Italian Villas and estates. Other nice geographies exists. Argentina still has fairly affordable vacation spots throughout the country. Basically buy things digital nomads would do more of, if more people become nomads because of UBI and lack of jobs.
You probably want to pick safer places. I have no idea if cool places in Mexico become safe because of AI so I would probably avoid that met. US ski resorts had a bad year so on public markets something like MTN which is down 75% from highs might have similar return profile. Florida seems too expensive to me now. Maybe West Virginia with its scenery becomes popular when no one has jobs.
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