• 32 Posts
  • 280 Comments
Joined 2 years ago
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Cake day: July 10th, 2023

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  • My advice would be to treat investing in unique assets - like shares in one company or Cryptos - as gambling: only put in what you’re willing to lose. Anything you can’t afford to lose should be saved or put into index funds with lower risk and volatility.

    You just cannot know what an asset will do in 6 months. You can have a really good guess, but at the end of the day it’s still a guess. And that guessing is even more difficult when it’s a non-productive asset like Bitcoin, because then you’re just gambling on vibes. There isn’t much logic to Bitcoin’s price besides “what if” and FOMO.

    So yes, if you can afford to lose the money, you can leave it in. But if that money going to zero overnight would impact your quality of life or ability to absorb unexpected expenditures, then liquidate.

    And on a more personal note, you’re probably better off having the drone you want than flipping a (digital) coin and hoping it’s heads












  • It will be more expensive, for sure, but that’s not even the main problem.

    The primary issue is that these tariffs are unpredictable. We don’t know if the Trump administration is going to add more, reduce them, or remove them completely. The administration seems to change their mind every day. Plus, they’re deeply unpopular, so even if the administration were being consistent and clear, they are almost certainly being repealed in four years when a new administration takes over.

    So nobody wants to invest in building factories here, because there’s no guarantee that they won’t soon be competing with cheaper labor again in the future. It’s too risky of an investment even if it was cheaper in general