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Ask HN: HN for Finance?

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Re: Ask HN: HN for Finance?

#21

Post by yomly »

traceroute66 wrote: post #17

Just the usual reminder that people should not be taking financial advice from random people on the internet. If somebody is telling you that you should do something without knowing anything about your personal financial circumstances or appetite for risk, then they should be ignored. It is equally unlikely that you will be willing to sufficiently disclose your financial circumstances to unknown individuals in order…

>Just the usual reminder that people should not be taking financial advice from random people on the internet.

There are lots of people on the internet putting out super valuable insight and/or trying to educate the unsophisticated masses. Putting out a blanket statement perpetuates this myth that finance is only for professionals, just like coding.

The culture of open source has led to high-trust collaboration in the software community. While anything involving money attracts grifters and scammers, that doesn't mean that there aren't honest and open people out there giving away gifts.

Much like you shouldn't just blindly execute random code on your machine from an untrusted individual on your computer, you shouldn't just blindly open a position on something without thinking hard about the decision for yourself.

Re: Ask HN: HN for Finance?

#23

Post by yomly »

Twitter. Look for people that aren't trying to bamboozle you with wishywashy arguments or anyone who tries to make things sound too simple or are sales-y.

Best is to follow people who are speaking in precise technical details where you're not the audience. A bit like software engineers talking to each other: speaking in precise technical terms, assuming a reasonable amount of background knowledge. AKA professionals

Then do your own work to clue yourself up on the nomenclature and basics

Re: Ask HN: HN for Finance?

#24

Post by yomly »

jowdones wrote: post #11

A "HN for Finance" has about the same appeal to it's regular crowd as "HN for Fruitarians". The "Fruitarians" already have their tight communities. Everyone who wanted to be in such a community is there already, not dumbly questioning on HN.

I'm sure there are people who straddle both

Re: Ask HN: HN for Finance?

#25

Post by blowski »

drexlspivey wrote: post #14
mtmail wrote: post #2

On "Ask HN: Hacker News, but for Finance?" ( https://news.ycombinator.com/item?id=29557943 ) https://www.valueinvestorsclub.com/ , https://bogleheads.org/forum/index.php , https://www.elitetrader.com/et/ were suggested.

There’s also a r/bogleheads subreddit which cracks me up because there is literally nothing to talk about. Just the same three questions ad nauseum. For the uninitiated bogleheads are followers of the passive investment philosophy of John Bogle (founder of Vanguard) which in short is: 1. Set a standing order from your paycheck to your broker every month 2. Set an automatic buy of a total market ETF and a bond ETF on…

> Just the same three questions ad nauseum

A lot of Reddit seems like that.

Re: Ask HN: HN for Finance?

#26

Post by douge1 »

credit_guy wrote: post #15

Unlikely. Here's a Hacker News lookalike [1] for Machine Learning. You'll see that the latest post was 11 days ago, and the one before that 29 days ago and the one before 54. Most topics have one or zero comments. And ML is a much more popular topic than finance. The great thing about HN is that it does not restrict the topics. People can bring up anything they find interesting. As soon as you want to limit the discu…

For sure, I agree, HN is a great spot for bringing up any topic, that's what I love about it, but was thinking maybe there's something like this for Finance since it's such a deep space. I haven't heard of these, and I'll check them out. Thanks!

Re: Ask HN: HN for Finance?

#27

Post by auxym »

Meleagris wrote: post #12

I find the rational reminder community is a great place to participate in conversations about personal finance, asset management etc. https://community.rationalreminder.ca/login It started as a landing pad for listeners of the rational reminder podcast.

Agreed. The podcast is great, and the community is the highest quality discussion of personal finance I've seen anywhere on the internet.

Re: Ask HN: HN for Finance?

#28

Post by douge1 »

traceroute66 wrote: post #17

Just the usual reminder that people should not be taking financial advice from random people on the internet. If somebody is telling you that you should do something without knowing anything about your personal financial circumstances or appetite for risk, then they should be ignored. It is equally unlikely that you will be willing to sufficiently disclose your financial circumstances to unknown individuals in order…

Oh, for sure, and I should have caveat'd this, but I'm not looking for that reason, it's more just "interesting stuff about finance", like the other day someone posted [1] and I that was the catalyst in my mind.

[1] https://news.ycombinator.com/item?id=34688915

Re: Ask HN: HN for Finance?

#29

Post by college_physics »

The reason there is no HN for finance is that people, in general, don't hack finance. They are just consumers of a tightly setup up and controlled legal, political and technical infrastructure.

Oh, sure there are "sophisticated" day traders, but those are just fodder for the Wall Street casino.

The closest to really hacking finance was (the horror, the horror) the cryptofinance lot, but this has degenerated quickly into a rob-thy-neighbor ponzi scheme.

Re: Ask HN: HN for Finance?

#30

Post by douge1 »

jstx1 wrote: post #22

No, "HN for {}" isn't a thing in general, I don't why people keep asking these questions.

HN is dope, but wanted to know if there's more "finance-ish" kinds of boards out there, that have such a huge following like HN.
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