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Reddit has become a guide to personal finance

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61–70 of 417 posts

Re: Reddit has become a guide to personal finance

#61

Reddit is truly amazing, such that I've mostly replaced my usage of hackernews with it. I have serious issues with anxiety, and the inability for me to filter out content related to "current news" aka "clickbait fear mongering" means when I surf hackernews for too long I'll be upset for hours afterwards as I'm riled up with current events rewritten as FUD. Reddit can be filtered by subreddit, so I've got a view with…

Care to share your collection of art subreddits?

Re: Reddit has become a guide to personal finance

#62

UK folk should head to https://www.reddit.com/r/UKPersonalFinance/ I've always been interested in personal finance, but this community has helped me learn new things and everyone is very supportive.

For France: https://www.reddit.com/r/vosfinances/

Re: Reddit has become a guide to personal finance

#63

UK folk should head to https://www.reddit.com/r/UKPersonalFinance/ I've always been interested in personal finance, but this community has helped me learn new things and everyone is very supportive.

Not exactly personal finance, but https://old.reddit.com/r/IndiaInvestments/ can be considered as the Indian equivalent of that.

Re: Reddit has become a guide to personal finance

#64
post #23

I think a much bigger point can be summarized with this sentence from the article: > Seven of the top ten results are trying to sell you something, which really makes you question the objectivity of the advice. This is true when searching for pretty much everything in Google nowadays, that's why if you're looking for any info, searching on reddit usually yields much more objective and generally better results.

I just finished listening to an engaging series of podcasts by Michael Lewis (author of Flash Boys, The Big Short etc.) about the loss of referees in our society. It's called Against the Rules: https://atrpodcast.com/ Much of reddit still has functioning referees in the form of its moderators, but I'm seeing signs of it cracking — e.g. when I researched the backgrounds of certain moderators I found out that they prod…

This is essentially how imgur got started, banned, then bloomed into popularity.

Re: Reddit has become a guide to personal finance

#65

Reddit is truly amazing, such that I've mostly replaced my usage of hackernews with it. I have serious issues with anxiety, and the inability for me to filter out content related to "current news" aka "clickbait fear mongering" means when I surf hackernews for too long I'll be upset for hours afterwards as I'm riled up with current events rewritten as FUD. Reddit can be filtered by subreddit, so I've got a view with…

I've just asked question in kindle subreddit about reader differences, no links/promoting/etc, next day my post was disappear. And it's common practice on reddit.

So yeah, fantastic micro culture!

Re: Reddit has become a guide to personal finance

#66

Another great source I’ve enjoyed using is https://www.bogleheads.org/forum/index.php . This of course presupposes choosing that particular investment strategy, but the opportunity to ask anonymous, detailed financial questions and get thoughtful responses and ideas is great!

The Bogleheads wiki should really be the first stop for financial questions. It's a fanatic resource and I found the answers/content to be higher quality than Reddit.

Re: Reddit has become a guide to personal finance

#67

UK folk should head to https://www.reddit.com/r/UKPersonalFinance/ I've always been interested in personal finance, but this community has helped me learn new things and everyone is very supportive.

For France: https://www.reddit.com/r/vosfinances/

I wish I had known about r/vosfinances sooner. As an American I tried to approach my finances from that perspective and encountered lots of roadblocks. Something like ETrade didn’t exist. My bank wanted to handle my money for me and pushing too hard for me to hire their investment team. It was way less friction to open a investment account back int the US and wire money to it. No pushy up sell

Re: Reddit has become a guide to personal finance

#68

Earlier quoted context omitted.

I just finished listening to an engaging series of podcasts by Michael Lewis (author of Flash Boys, The Big Short etc.) about the loss of referees in our society. It's called Against the Rules: https://atrpodcast.com/ Much of reddit still has functioning referees in the form of its moderators, but I'm seeing signs of it cracking — e.g. when I researched the backgrounds of certain moderators I found out that they prod…

I have actually read that some country specific subreddits that are moderated by people who are not from the respective country.

In game communities I've managed there's always a strong desire from the people within the community to become a moderator for IMO the wrong incentives. (wrong being standing out and sometimes power)

I've tried to combat this but it seems very difficult. The thing that works best is to really hide the status and let people make their own ways of standing out.

I also very rarely gave moderator status to anyone who asked. It would mostly be people I see could be a good fit and also make sure there are no obligations to actually use power.

Re: Reddit has become a guide to personal finance

#69
post #25

I use Reddit a lot and I find some of the finance focused subreddits to be really repellent. I don't know if this is because, while I have a degree in economics, I'm not an investor or that I just have a low tolerance for some of the conduct that frequently shows up in those communities. I really like /r/povertyfinance though clearly those folks are often going through way, way more trying circumstances I am. I guess…

I agree. If it were up to /r/personalfinance, everyone would have three credit cards and that's all they would ever use and it would solve every financial problem ever. They fail to realize that many people (myself included!!) are just not equipped for credit cards and it can cause huge problems.

Re: Reddit has become a guide to personal finance

#70
post #23

I think a much bigger point can be summarized with this sentence from the article: > Seven of the top ten results are trying to sell you something, which really makes you question the objectivity of the advice. This is true when searching for pretty much everything in Google nowadays, that's why if you're looking for any info, searching on reddit usually yields much more objective and generally better results.

I find blind app to be a lot more objective. Your company information is required to sign up. This primary property of the app makes it is easier to differentiate an ad vs real advice.
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