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.
Jump in the discussion.
No email address required.
Notes -
All I track is Bitcoin. I have less than $2k of it and my break even price is $68k. What I currently do is buy it using my credit card rewards every month (I got a Coin Base credit card so waives transaction fees [after yearly fee] but my other credit card gives better rewards so I use that one and transfer it). Part of me sees it as something besides stocks to buy against inflation, but the price is volatile and I've been told that the exchange I use isn't the safest. I look at it like at outside bet, but I think predicting its price is a fools errand. Like the current drop might be people reallocating at buy SpaceX or something. I used to have Ethereum, but after a few years I saw Bitcoin's path and had zero confidence in Ethereum to do the same. I consider everything else a $hitcoin.
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