• carl_marks_1312 [comrade/them]@hexbear.netEnglish
    1·
    3 months ago

    I’m ready to get dunked on but here we go

    spoiler

    I’m engaging in speculative trading (meaning: buying and holding stocks for 3-5 years) and betting on the rise of a multipolar world. In practice this mean for me: I pick a stock in the Chinese market that I think will eventually outperform a western company (e.g. EV, semiconductor, fusion, renewables, etc. - actually I picked a company that’s on the US blacklist) and buy an amount where I’m ready to lose the money (I’m aware of the privilege) and just hold it. I follow the news mega so I get a good dose of financial press to keep up.

  • Vampire [any]@hexbear.netEnglish
    1·
    3 months ago

    Marxist theory can give you insights on how to play the capitalist game. If you read it like a psychopath.

      • GaveUp [she/her]@hexbear.netEnglish
        1·
        3 months ago

        I’ve seen quite a few statements from big Wall St. people who have clearly read Marx

        I think a lot more capitalists understand Marxist theory than most would think

  • sub_ubi@lemmy.mlEnglish
    0·
    3 months ago

    Matt Bruenig has a great and short tutorial on personal finance and investing, https://www.youtube.com/watch?v=Efr2UORgO2w

    the graphic at 17:30 summarizes the hierarchy of savings (1. Emergency fund 2. employer-matched retirement 3. high-interest debt 4. other tax-advantage accounts 5. low-interest debt 6. taxable brokerage account) - he notes that he and most others will never make it to 6.

    The graphic at 31:00 summarizes common pitfalls to avoid, unless you have a deep passion. 1. individual stocks 2. crypto 3. house flipping/renting (don’t be landlord … for financial reasons!) 4. expensive homes 5. private k-12 education

    • mayo_cider [he/him]@hexbear.netEnglish
      0·
      3 months ago

      I unironically love federation

      Your post is clearly in good faith so I won’t shit post or try to dunk, just so you know this instance is full of tankies and anarchists, investing is antithetical to our beliefs and any post about investing you see from this community is mocking the whole concept

      • Cowbee [he/him, they/them]@hexbear.netEnglish
        1·
        3 months ago

        investing is antithetical to our beliefs

        I don’t believe the Proletariat having a 401k and/or a Roth IRA in order to survive retirement is antithetical to leftist belief, but I am willing to be convinced otherwise. Even Marx speculated in the stock market. Ultimately, Leftists refusing to invest will do nothing at all to further expedite the end of Imperialism and eventually Capitalism, all it will create is homeless leftist seniors (if America lasts that long).