To clarify something, I’m not some boug. I worked at a job for years where they put money into a 401k as part of the benefits, and I was there long enough that it vested. So I have a few grand that’s locked up in an IRA that I can’t get into until I retire.
Here’s my simple strategy: I’m putting everything into Chinese index funds / stonk ETFs.
My rationale: it’s all about the emotional risk management.
What I mean by that statement is, in the past when one of my sports teams I root for has made it into the final round of the playoffs, I would place a small bet against them. Because if they win, I won’t care that I lost some money. But if they lose, I’ll at least have a bit more $$$ in my pocket, it’s a small consolation but it helps.
So how does this relate to China and investing? The way I see it, there’s likely one of two scenarios for where the Chinese economy will be a few decades from now when I can take that money out. Either A.) the CPC more or less just continues on with what it’s been doing since Deng. Continue to develop the productive forces, continue to rack up W after W while the west implodes on itself, and the Chinese corporations I’m invested in will do great - stonks go up and I have a nice little savings built up.
Or B.) CPC pushes the communism button in 2050 or so, they nationalize all the corporations, and I lose the whole investment. But you know what, WHO CARES?! THEY PUSHED THE BUTTON! That would literally be the best thing that I could ever see happen in my lifetime, and the last thing I would care about would be my IRA.
Seems like no matter what, I end up a winner 😎
ok:
I know this isn't helpful, just wanted to share in not knowing shit about index stonks. Saw a lot of posts about investments today and I'm just like ??? Y'all got stonks ??? I know nothing about that stuff
At risk of emitting lethal levels of
energy, what makes buying stocks any more problematic than buying any other consumer or luxury good from a company? I have a hunch it’s mostly going to lie in the people who you sell to once it’s more valuable basically being scammed, but I think there’s more to it.
I don't know that there is anything more problematic about it really. Especially since a lot of the people who do engage in it for retirement savings and stuff, and it seems like about the only viable way to do that for many people.
I just don't know anything about it, or have any ability to engage in it, so its really foreign to me. I'm not calling it problematic.
i think the problem is that you're participating in the system you hate... corporations' sole purpose is a return on investment for its shareholders.. nothing else matters
You kind of do anyway by being a worker though. Capitalism isn’t, like, an opt-out system
Index funds are big pots of money that automatically purchase stocks based on preset conditions (Usually how valuable the company is). When you put money in those money are used to purchase these stocks.
An index fund is fund that automatically invests in stocks based on their position in the stock market or other preset condition (But most just track the biggest companies). Basically it automatically purchases stock in the most valuable companies.