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Reddit has become a guide to personal finance

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Re: Reddit has become a guide to personal finance

#102
post #67

Earlier quoted context omitted.

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

Won't you have difficulties in general with all money-related things in Europe as an US American? I've heard stories of banks refusing to create an account for you because it's too much bureacracy... What solution did you eventually find?

Re: Reddit has become a guide to personal finance

#103

If you want to see the future of Social Networks, look no further than Reddit. Reddit is the Future of Social Networks. The Next Social network, the one what will eat Facebook's lunch, just like Facebook ate MySpace's lunch, will not be people-to-people based, but it will be People-to-topic and topic-to-topic based; media-rich and mobile-friendly. And no, it won't be Reddit, too much Legacy crap with Reddit and not e…

If it is not people-to-people based, it’s not a social network. That’s what defines the category and makes it distinct from other forms of interaction.

Reddit is a web forum, a form of interaction that predates social networks; they never went away. Reddit is just the best platform yet for creating and hosting them.

This form of interaction—short conversations organized by topic—predates even the Web, via newsgroups. It is one of the oldest patterns of interaction on the Internet. For a few people it arguably even predates the Internet, via direct-dial BBS.

Re: Reddit has become a guide to personal finance

#105
post #76

Earlier quoted context omitted.

Do you mind sharing the subreddits?

/r/wallstreetbets

Don’t know who downvoted you, but as someone who joined WSB two months ago, it is mind blowing. Yes, these are bets. You are likely to blow it all. But imho it gives perspective to the topic of personal finance. Even if it’s just to understand one’s own limits. Valuable sub.

Re: Reddit has become a guide to personal finance

#106

Sadly Reddit is locking down the personal finance subreddit behind their app so they can monetize it better. I find this article to have interesting timing as the readership on that subreddit must be going way down nowadays.

... what? I can get to it from the website and Apollo perfectly well.

Re: Reddit has become a guide to personal finance

#107
post #79

reddit appears to me to have a lot of crap with the few nuggets in the rough. subs like personalfinance seems to be on net helpful for people, but "cousin" subs like investing are cesspits of grifters and ill informed maniacs

Sub-reddit quality on Reddit has a high correlation with how actively the sub-reddit is moderated.

Re: Reddit has become a guide to personal finance

#108
post #76

Must admit, reddit got me caring more about my finances. It seems not many people are taught about money properly. I certainly wasn’t and non of my friends where. I’ve always been good in that I never spent what I didn’t have and lived within my means. What savings I did have where in a zero interest current account though! Following the finance Reddit’s at least put me in the right path. 6-12 months cash savings now…

Do you mind sharing the subreddits?

r/fire - financial independence, retire early.

r/fatfire - same thing as above but for people looking to have more than "just enough" to retire (multimillion, mostly full of high earners like SWE's, agents or successful entrepreneurs where this goal is somewhat realistic).

r/personalfinance & r/ukpersonalfinance - well rounded finance forum.

r/frugal - okayish for if you are in a really tough spot. If you are doing ok I generally don't recommend them because ultimately you are trading your time/health using most of the hacks from here.

Re: Reddit has become a guide to personal finance

#109
post #76

Earlier quoted context omitted.

Do you mind sharing the subreddits?

/r/personalfinance ignore the subreddit and read the sidebar

and sibling /r/UKPersonalFinance for UK specific advice (since finance products, terms and laws tend to be different in different countries) There are probably ones for most other countries too. At least Aus from what I saw yesterday

Re: Reddit has become a guide to personal finance

#110

Sadly Reddit is locking down the personal finance subreddit behind their app so they can monetize it better. I find this article to have interesting timing as the readership on that subreddit must be going way down nowadays.

... what? I can get to it from the website and Apollo perfectly well.

I must be in the bad A/B bucket because I see 'This community is available in the app' and haven't been able to use Reddit a lot on mobile for weeks / months?

Google gives me this article about the new trend: https://reclaimthenet.org/this-community-is-available-in-the...

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