alt Hacker NewsStocks and money. It's so boring.
I will go drive my old German car now, and get a bit drunk in a bottle of Nebbiolo while listening to some French lunatic with a piano.
Enjoy your trip to Mars and your self driving toy cars. The world is off its rails. Bit time.
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just be sure do it in that order and not the other way around
Yeah yeah we're all above such gauche matters, it's only the entire reason SWEs have high paying jobs, paper wealth, and all the comforts that come with both, including the freedom to earn enough to walk away and act like you're above it all.
(I obviously don't know your circumstances but am commenting about a general phenomenon I see parroted by many professionally successful SWEs who seem to take glee in being ignorant of economics/finance while enjoying the spoils.)
i fully fully agree with you.
Sir this is a message board run by an US-American venture capitalist organisation; frankly what do you expect
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Dude, are you me? :D
I will go ride my horse, and get a bit drunk off some ale at the local pub. You go enjoy your automobile, electricity, and telephony.
Electricity is overhyped anyway. Nikola Tesla is a scammer with his crazy ideas. Not to mention the scam that is Bell's telephony. Electricity is causing a copper shortage for us common folk. This electricity bubble is built only on hype, and will pop soon enough!
Stocks and money should be boring for most people. I'm not a financial adviser and this isn't financial advice but I believe no one with a net worth less than $2m should ever buy an individual stock. Invest in a target date retirement fund for your 401k. Same for Roth Ira. If you have more money to invest after that, invest in an index that aligns with you values (for example I invest in an ESG index for environmental, social, and governance, ie no weapons or drugs). I've kept my money boring for over ten years and my boring investments have over tripled in value. I consider it a point of pride that I don't know what the DOW is at or how much NVIDIA is trading at right now.
It always boggles my mind when someone who is middle to maybe upper middle class tries to time the market or buys/sells stocks in reaction to random news like this. At best you're going to be up maybe 50% on this trade, and you're going to pay commission to your broker, and may even need to pay taxes. At worst you're going to be down a lot and still pay the broker.