171–180 of 341 posts
Earlier quoted context omitted.
Diversification is indeed the best strategy, but please do not become vegetarian on a whim. Consider the health implications it involves.
What do you mean? While strict vegetarian might not be the best it seems there are still more health implications to account for when eating meat.
Earlier quoted context omitted.
I think your analysis is rash. Instead of eliminating an asset completely, come up with an estimate of its value to the economy in the future, relative to the other assets (do this to cash also). Then, target your portfolio to match that distribution. While gold jumped, it doesn't mean it's over. And while crypto has been correlated with stocks, it still has some non-correlated part, introducing diversification, and…
> * Ukrainian stocks ("buy when there's blood on the streets" also means "invest when the country most needs it") Keep in mind buying stocks in a public company doesn't directly "support" it; buying stuff from them, or buying their bonds, does. This is basically the issue with ESG index funds.
They might need to buy food or flee using the money, and by bidding up the stock prices you help them (even if just a bit).
Diversify in as many areas as you can. In income terms, diversify away from a single source by learning new skills, training up in areas you're a bit rusty in, learning totally new ones. In savings or investments: diversify where you put them, spread them around so you're not dependent on any one scenario. In eating: eat more interesting and cheaper things. Become vegetarian, if you aren't already. In exercise: drop…
> Become vegetarian, if you aren't already. This is very healthy. But make sure to take B12 if you're going vegetarian. > Though deficiency for those starting out with adequate stores may take years to develop, the results of B12 deficiency can be devastating, with cases reported of paralysis, psychosis, blindness, and even death. https://nutritionfacts.org/topics/vitamin-b12/ Edit: To the downvoters, care to explain…
Earlier quoted context omitted.
Diversification is indeed the best strategy, but please do not become vegetarian on a whim. Consider the health implications it involves.
Another avenue is just being more conscious about the meat you eat. There's a difference between having meat-based products as a staple food (e.g. preprocessed meat, fast food / restaurant / take-out,...) and reducing which types of meat you eat, the frequency and where you buy meat products. For instance, a local butcher shop might offer local products, and will be more expensive. But you can offset the expense by o…
One semi-major home repair completely overtakes any savings on food, of course.
Earlier quoted context omitted.
Diversification is indeed the best strategy, but please do not become vegetarian on a whim. Consider the health implications it involves.
What do you mean? While strict vegetarian might not be the best it seems there are still more health implications to account for when eating meat.
Earlier quoted context omitted.
> I avoid personal debt like the plague. If that means living in a small house, and driving an old car, then so be it. Going into debt that you can pay off and will make you a profit is good - because making a profit is literally the thing that gets you through bad times. (That's why having savings be 100% cash is riskier than investing - you are 100% guaranteed to not have it go up.) And recent years' zero-to-negati…
Your advice might be okay for good times (investing, buying land, houses). But in hard economic times, the global economy will be doing badly and therefore most investments will too, even housing (see 2008). Going into debt that you then invest is doubly risky: you have debt, plus you have a risky investment. Saving cash is actually indeed the best way to prepare for hard times.
A the adage goes: buy low sell high. In what people equate with "good economic times," prices are high, but in hard economic times everything is on sale!
That said, firstly and foremost we should all make sure to have enough savings to ride out hard economic times—including personal ones. That is, enough to pay our monthly expenses for a year or so, in case we become unable to work or we do not want to take income from investments (because say, the market is down). How long you should be able to last is a mater of individual comfort level, but IMHO, no less than 6 months.
Too much savings in the bank however—and this I believe relates back to the point being made by the original commenter—is actually not good. That money is losing value, and therefore so are you. You should invest it somehow, but that's not the only way. Another way is taking on debt, if that debt is the sort that generates a profit. We're not talking about car loans here (unless of course your a car dealer).
Please forgive me if I misinterpreted your point, but I felt it important to make this clarification.
Earlier quoted context omitted.
If you consider the cost of healthcare in developed countries, it may be that meat is much more expensive.
You're somehow implying that eating meat is bad for human health, which considering how general a statement it is, is bound to be completely false. Human beings have thrived eating meat for hundreds of thousands of years. And it's a lot harder to completely address all the nutritional requirements on a purely vegetarian diet, but not impossible.
Here are videos exploring studies about meat, which convinced me.
Earlier quoted context omitted.
What do you mean? While strict vegetarian might not be the best it seems there are still more health implications to account for when eating meat.
I am very much in the valley of despair on this manner, but for me individually (and food is indeed very individual), meat consumption leads to a much greater quality of life, with perceived health benefits. I went fully carnivore and it lead to various health improvements. While I moved away from it due to my foodie tendencies, I currently do consume mainly animal products. I plan on doing a vegan experiment as well…
Where will you publish the study?
The following has served me well, regardless of economic conditions. 0. Empower and partner with your spouse to make all the financial decisions. They should know absolutely everything. You can’t do it alone. 1. Zero debt. For a while I had house mortgage that I repaid at the first possible availability of bulk cash. 2. Max out tax saving investments. Try not to pay one penny more tax than absolute minimum. 3. Max ou…
Would disagree with zero debt being so high up in priority. Not all debt is equal. It's typically not worth it to pay debt back early if under ~3% interest rate.
Credit card debt? Yes as soon as possible. Student loans or a mortgage around 2%-3% interest rate? You're better off investing that money to make 5%-8% on it