Trading stocks makes me feel dirty (hexbear.net)

submitted 9 months ago by jackmarxist@hexbear.net to c/chapotraphouse@hexbear.net

81 comments fedilink hide all child comments

I hate the whole publicly traded model of companies. I hate capitalism. But have to engage in trading stocks (I mostly do Mutual Funds and a small quantity of direct stocks) so that my money doesn't lose value by sitting in a bank or cash.

Same thing with credit cards, don't like taking loans and getting marked on a centralised list for that but it's a safer option than using your own money.

Fortunately I don't do crypto so that's a plus.

you are viewing a single comment's thread
view the rest of the comments

[-] Lemmygradwontallowme@hexbear.net 9 points 9 months ago

If I were you, I'd rather just keep the money itself as is, not trading stocks or using credit cards...

I honestly have no experience with that sort of thing and rather not go through the mental gymnastics to do so, regardless of how my money depreciates and how safe using credit cards is...

I'd just want a simple life... don't want to overcomplicate shit as I do...

[-] jackmarxist@hexbear.net 12 points 9 months ago

I get it but it's simply not feasible. Every rupee I earn will be devalued continuously. The government in my country has also brought in massive inflation since 2014 and it only gets worse as the currency is weakening and the country is being sold off to capitalists.