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submitted 10 months ago* (last edited 10 months ago) by Greenleaf@hexbear.net to c/chapotraphouse@hexbear.net

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 😎

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[-] Sinistar@hexbear.net 10 points 10 months ago

I own a bunch of Chinese stocks. They haven't performed very well compared to my American ones, but I see them as a long-term deal because I genuinely expect the American economy to face an unrecoverable crisis in my lifetime.

Aww shit, I just realized I'm a prepper. Oh well time to dig out a bomb shelter.

this post was submitted on 01 Feb 2024
82 points (100.0% liked)

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