Reddit has become a guide to personal finance • Hacker News Board

Re: Reddit has become a guide to personal finance

#111

Post by auiya » Wed, Mar 04, 2020, 1:52 PM UTC

Kneecaps07 wrote: post #69

Quequau wrote: 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.

What does "just not equipped for credit cards" mean?

Re: Reddit has become a guide to personal finance

#112

Post by jcims » Wed, Mar 04, 2020, 1:53 PM UTC

snowwrestler wrote: post #107

ausbah wrote: 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.

And the quality of that moderation. Any experience with heavy-handed moderation is incredibly frustrating.

While I wouldn't call it a predictor because there are many many counter-examples, my favorite subreddits are generally between 10k and 100k subs. Much less and they are a ghost town, much more and you start getting too many drive-by assholes.

Re: Reddit has become a guide to personal finance

#113

Post by throwaway9d0291 » Wed, Mar 04, 2020, 1:59 PM UTC

paulcarroty wrote: post #65

JackMorgan wrote: post #43

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!

It was likely removed because the FAQ [0] already lists the differences and searching shows [1] that the question has come up before.

Good culture != the ability to substitute the subreddit for Google or your own research.

This is quite normal on Reddit. If questions like this are allowed, the subreddit often becomes inundated with them and there's no room for discussing anything else.

[0]: https://www.reddit.com/r/kindle/wiki/faq

[1]: https://www.reddit.com/r/kindle/search?q=differences&restric...

Re: Reddit has become a guide to personal finance

#114

Post by noahbradley » Wed, Mar 04, 2020, 2:00 PM UTC

cool-RR wrote: post #61

JackMorgan wrote: post #43

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?

/r/art is a mixed bag but pretty good.

/r/specart has a lot of good stuff.

/r/imaginarylandscapes (and their sibling subreddits) is really high quality.

/r/earthporn if you like nature photography.

Re: Reddit has become a guide to personal finance

#115

Post by P_I_Staker » Wed, Mar 04, 2020, 2:04 PM UTC

blackandblue wrote: post #78

xelhark wrote: 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.

this is so true! but we have ourselves to blame for it. these days i don't get mad at google search results anymore. i knew someone gamed the result in order to try to sell me something... here's one the has started to puzzle me: TED talks have become the ground for people trying to sell you something. but it's different when what they are selling is hope, optimism, and encouraging words, right? wrong! at least to me…

>but it's different when what they are selling is hope, optimism, and encouraging words, right?

Are they really selling these things versus their revolutionary new book, trying to get attention for their research, or some good/service?

I agree. I think TED and similar pop-science programming is dangerous. People think they're actually learning something meaningful. I see it as the granola bar of media. They're filled with sugar and only minor nutritional value. You feel like you're getting something healthy, but you're not doing much better than a snickers bar.

Re: Reddit has become a guide to personal finance

#116

Post by jhn1618 » Wed, Mar 04, 2020, 2:05 PM UTC

Almost the current internet is fked, unfortunately to say it after 30 years of existence.

Re: Reddit has become a guide to personal finance

#117

Post by modo_mario » Wed, Mar 04, 2020, 2:07 PM UTC

arvinsim wrote: post #59

semicolonandson wrote: post #52

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.

It makes sense if it's not solely that Like r/europe has a Canadian and Brazilian if i remember well to handle night time stuff.

Re: Reddit has become a guide to personal finance

#118

Post by bronco21016 » Wed, Mar 04, 2020, 2:09 PM UTC

Double_a_92 wrote: post #90

willart4food wrote: post #75

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…

Agree. I either want to talk to a community for each of my interests (on a subreddit or a dedicated forum) OR to a small group of close friends or family (messengers). Only rarely would I want to broadcast generic information / entertainment to everyone I know (facebook). One platform I'm missing is one where I could (anonymously) talk to strangers in my area. To discuss or ask about locally relevant things, or just…

While not anonymous, Nextdoor seems to really fill the space of local discussion. It has a lot of people from my town active on it, YMMV.

Unfortunately, my town is going through some crap times politically and it makes it really hard to not spend time on Nextdoor just becoming enraged.

Re: Reddit has become a guide to personal finance

#119

Post by P_I_Staker » Wed, Mar 04, 2020, 2:10 PM UTC

tiew9Vii wrote: post #73

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…

> What savings I did have where in a zero interest current account though!

That's not great, but overall, I'm not making very much money from my "high-interest savings account". Maybe a grand or two over decades, but even that's generous. I don't know if it's worthy of an exclamation mark. The biggest losses are prevented by not overspending and some of the other things you mentioned.

Re: Reddit has become a guide to personal finance

#120

Post by Nasrudith » Wed, Mar 04, 2020, 2:12 PM UTC

prawn wrote: post #22

People incentivised by karma systems seem to create better information sources than when they’re incentivised by money. Think about how often you turn to Stack Overflow, Reddit, forums (Whirlpool in Australia) over AdSense/affiliate blogs. The latter are almost always biased and essentially misleading.

Both are feedback but IIPs (Imaginary Internet Point) are more aligned in incentives even if they usually give less utility to the recipient. This may be a feature and not a bug as the utility can be used to distort incentives to their own favor.

IIPs aren't perfect by any means of course.