Honestly I Drink, but more importantly, I’ve made sure to learn the game that all these rich shitheads play. Wait
So, “capitalism sucks, but I’ve got a system[tm]: Buy low, sell high!”
That’s your plan? Orwell had a horse on his Animal Farm, too.
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DrFistington@lemmy.world 9 hours agoThis. To the max. Honestly I Derrick Drink, but more importantly, I’ve made sure to learn the game that all these rich shitheads play. Wait until the market dips in January/February during the cyclical sell off, then invest. It doesn’t have to be a lot, but research, find solid picks, for either dividends or price per share growth, and invest. Honestly at this point I’d avoid the AI b******* and unless Nvidia dips down to 120 again I’m staying away. What you can be assured of is that the following things are going to happen people are going to want rare earth minerals for several reasons people are going to want to go to space because a space is awesome and b there’s a lot of potential out there and see there are certain stocks that are just always good to have. Buy a proctor & Gamble it cost a bunch now but it will essentially never be a bad investment and the dividend is very nice. Nokia drops below $5 again buy it up. Everybody’s telling me I was an idiot for saying this years ago when it was like $2 a share. Nvidia just bought a billion dollar share in Nokia and their shares shot up to $7 but more importantly their patent portfolio is fantastic and they have a very good dividend considering the very low price of entry for the stock itself.
Rocket lab. If it drops to $40 a share below f****** buy The shit out of it. It’s going to the moon, I told people that when it was $10 a share and it’s already been up to 70 this year. it’s still true
You can also feel good because you’re investing in a direct competitor to SpaceX and the plus side is the rockets don’t blow up every f****** launch. Europe is avoiding SpaceX like the plague. Rocket Labs business is set to grow exponentially, especially with the defunding of NASA.
Enroll different everybody has their own opinions more importantly everybody works in their own industry and has information and insight that will give you an advantage if you just hone in on what you want to focus on.
Cryptocurrency is a pipe dream and it’s really just a way to funnel funds without any type of transparency which is why the current regime is latching on to it.
Hedging cryptocurrency is never a bad idea. Wait till gold drops by into it.
Other than that enjoy your friends and your family build relationships and strengthen them. you may need alibis or you may need a gunner.
corsicanguppy@lemmy.ca 8 hours ago
IronBird@lemmy.world 4 hours ago
the game is rigged, playing fair just means your stuck in the labor trap forever. you either have the capital/knowledge to start trying to work for yourself, or you stage a wage-slave for life
partial_accumen@lemmy.world 8 hours ago
I have a small portfolio of space company stocks and keep them as a reminder to avoid active investing.
My boring old Total Market (essentially S&P500) index funds have done much better in the same time as my space stocks.
Wait till gold drops by into it.
Every time the market spikes for gold (as it is now), I run the projects to see if I would have been better off in gold than buying equities instead. Gold has never once shown to be the better investment as vehicle for appreciation.
howrar@lemmy.ca 7 hours ago
I wouldn’t place my bets on any individual stock/asset. You need to do a lot of research and have a lot of money to invest before that can be a safe decision. Instead, put your money in broad market ETFs, which is effectively just a bet on capitalism. Then either capitalism wins and you also win, or capitalism loses and you still win. But make sure you have an emergency fund first because not having that is one of the few ways that you can lose while capitalism wins.
IronBird@lemmy.world 3 hours ago
people really do over-complicate this whole investing thing, just operate on a wider timeline, utlize a modicum of common sense, and know what you trade. shit is easy as fuck, there’s a reason every investorbro out there thinks they’re a god…as long as it’s a bull market (money printer is in full swing) all these rich cunts across the country are just gambling with their every paycheck leveraged to the tits.
learn how the system works and you can take their $ real fucking easy, or if you want to be “ethical” you can also just read some Buffet/Munger and use the system as it was supposed designed.
the game is rigged, either learn how it works or stay stuck in the labor trap till you die.
Teppichbrand@feddit.org 8 hours ago
Not sure if this is good advice. by joining the gamble, you’re (micro-)fueling the global suicide machine that’s causing all this. Someone has to earn the money that you make, and it’s usually either by destruction, exploitation or scamming.
I try to break free from all this stuff by downsizing. Second hand clothes, Repair Café, holidays at youth hostels like 40 km from my home, meeting/making local friends and very important: raising your kids to not be spoiled, entitled, materialistic cunts. That’s the power of No, thank you.
It’s so calming to switch to a lower gear and find happiness in baking a cake from handpicked apples than another TV and holiday in Asia.
IronBird@lemmy.world 3 hours ago
its very easy to say “just don’t play the game” when you own a home…congratulations you already won compared to the vast majority of the country.
Teppichbrand@feddit.org 1 hour ago
I agree (and the downvote wasn’t me), this is talking from a privileged position. My thoughts on downsizing and No, thank you still apply though.