11–20 of 51 posts
If you follow some basic rules, you don’t have to worry about economic fluctuations or crashes. 1) Save diligently. 2) Think in terms of 5 or 10 years. 3) Have sufficient cash accessible for emergencies. 4) Do not over leverage yourself such that a job loss or housing crash will immediately crush you. 5) Diversify your assets sufficiently. Don’t have all your money in your company’s stock.
Earlier quoted context omitted.
In a historically unprecedented bull market juiced by low interest rates and quantitative easing.. What’s your point, that crashes are weak sauce? Look at historic charts and find examples of crashes that precede decade plus periods without being back in black. Unless you’re old it’s almost inevitable that at some point you’ll have your cash to remember.
I think the point OP was making that you can look at the economy over any 10 year period and it will have grown. That crashes are mere blips.
One of the millions of ways you grow wiser as you grow older is from collecting more data. You get a first hand view of decades and decades of fear mongering and people saying some catastrophe is right around the corner. You see that over all those years, 999 times out of 1000 nothing ever happened. Yes, sometimes catastrophe does indeed happen, and yes, you should be responsibly prepared for it when it eventually oc…
The "problem" with doomers is that they offer no nuance. Almost all of the issues people talk about are real issues we should be taking action on. But when assertions like "climate change is going to kill us all" are thrown around, it leaves very little room for actual change, and effectively demoralizes other people.
One of the millions of ways you grow wiser as you grow older is from collecting more data. You get a first hand view of decades and decades of fear mongering and people saying some catastrophe is right around the corner. You see that over all those years, 999 times out of 1000 nothing ever happened. Yes, sometimes catastrophe does indeed happen, and yes, you should be responsibly prepared for it when it eventually oc…
If you follow some basic rules, you don’t have to worry about economic fluctuations or crashes. 1) Save diligently. 2) Think in terms of 5 or 10 years. 3) Have sufficient cash accessible for emergencies. 4) Do not over leverage yourself such that a job loss or housing crash will immediately crush you. 5) Diversify your assets sufficiently. Don’t have all your money in your company’s stock.
Earlier quoted context omitted.
The "problem" with doomers is that they offer no nuance. Almost all of the issues people talk about are real issues we should be taking action on. But when assertions like "climate change is going to kill us all" are thrown around, it leaves very little room for actual change, and effectively demoralizes other people.
It’s because it’s an easier and more comfortable place to be. You don’t have to do anything if you don’t have a horse in the race. Changing habits, educating yourself, demonstrating, joining a party etc. all take time and effort. It’s a lot simpler to just throw your hands up and say nothing works, we’re all doomed.
If you search youtube for "2024 financial crash" you will hit quite a few results
If you search youtube for "2023 financial crash" you won't find anything, they delete them all NYD 2024
If you follow some basic rules, you don’t have to worry about economic fluctuations or crashes. 1) Save diligently. 2) Think in terms of 5 or 10 years. 3) Have sufficient cash accessible for emergencies. 4) Do not over leverage yourself such that a job loss or housing crash will immediately crush you. 5) Diversify your assets sufficiently. Don’t have all your money in your company’s stock.
This comment is so divorced from reality for 95% of people it's not even funny.
Earlier quoted context omitted.
In a historically unprecedented bull market juiced by low interest rates and quantitative easing.. What’s your point, that crashes are weak sauce? Look at historic charts and find examples of crashes that precede decade plus periods without being back in black. Unless you’re old it’s almost inevitable that at some point you’ll have your cash to remember.
I think the point OP was making that you can look at the economy over any 10 year period and it will have grown. That crashes are mere blips.