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 -
A second circuit breaker has just hit the KOSPI (South Korean index).
The crash is spectacular, and amusing.
Some related stocks in the US are also faring very badly this month. SNDK is down 60%. I hope that "tech stocks" Mottizen got out in time.
Me, I'm lame and boring, and just hope this crash continues through the end of the week to when my paycheck gets auto-deposited/invested. Tempted to shift a bit of my emergency fund into the markets, though -- i can afford to rebuild it back up with no major worries.
If you're going to trade discretionarily and go long, wait for a bottom + the start of the next uptrend to form first. You don't want to be buying while it's still going downhill.
There's a small but non-zero chance the Fed hikes the rate today. If so, the downtrend is far from over.
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