To clarify something, I’m not some boug. I worked at a job for years where they put money into a 401k as part of the benefits, and I was there long enough that it vested. So I have a few grand that’s locked up in an IRA that I can’t get into until I retire.
Here’s my simple strategy: I’m putting everything into Chinese index funds / stonk ETFs.
My rationale: it’s all about the emotional risk management.
What I mean by that statement is, in the past when one of my sports teams I root for has made it into the final round of the playoffs, I would place a small bet against them. Because if they win, I won’t care that I lost some money. But if they lose, I’ll at least have a bit more $$$ in my pocket, it’s a small consolation but it helps.
So how does this relate to China and investing? The way I see it, there’s likely one of two scenarios for where the Chinese economy will be a few decades from now when I can take that money out. Either A.) the CPC more or less just continues on with what it’s been doing since Deng. Continue to develop the productive forces, continue to rack up W after W while the west implodes on itself, and the Chinese corporations I’m invested in will do great - stonks go up and I have a nice little savings built up.
Or B.) CPC pushes the communism button in 2050 or so, they nationalize all the corporations, and I lose the whole investment. But you know what, WHO CARES?! THEY PUSHED THE BUTTON! That would literally be the best thing that I could ever see happen in my lifetime, and the last thing I would care about would be my IRA.
Seems like no matter what, I end up a winner 😎
What if the US goes to war with China before they push the communism button and all your assets are seized? Is that the “I lose but I don’t care anymore scenario?”
You might want to ensure you can pull your winnings out so you can leave before the big one hits.
deleted by creator
Is there any data on how well your portfolio would have performed if you did this 10 years ago? Compared to a normal/good US index.
lol this is a tumblr post from 2019
the use of the word tankie here is ironic the tumblr user Edwad is cool so don’t get mad
genuinely salient description of the tendencies of both groups
If this isn’t a bit; don’t think it’s that simple, look at China indexes performance the last couple decades, it’s pretty shit
I won’t recommend Chinese stocks or index funds either unless you’re reading Chinese news everyday. The government doesn’t give special treatment to corpos so once they find themselves in trouble, they and their stocks are fucked.
but do you live in China? because you won’t exactly win in 2050 if they push the button and you’re not there
Investing your money in a foreign country leading the way in standing up against the influence of foreign investors. Bold strategy. Viewed as a donation to China, I like it. Just don’t expect to retire on it
ok:
- What is an index fund
- How is this any less exploitative than trading stocks
- Are there any forms of financial investment that aren’t inherently exploitative or based on stolen surplus value
- Even if there is, is it even worth it? Is this all a waste of time?
- No clue
- It probably isn’t
- I’m going to guess no with confidence
- There aren’t so it doesn’t matter. If there were then probably not worth it.
I know this isn’t helpful, just wanted to share in not knowing shit about index stonks. Saw a lot of posts about investments today and I’m just like ??? Y’all got stonks ??? I know nothing about that stuff
At risk of emitting lethal levels of
energy, what makes buying stocks any more problematic than buying any other consumer or luxury good from a company? I have a hunch it’s mostly going to lie in the people who you sell to once it’s more valuable basically being scammed, but I think there’s more to it.i think the problem is that you’re participating in the system you hate… corporations’ sole purpose is a return on investment for its shareholders… nothing else matters
You kind of do anyway by being a worker though. Capitalism isn’t, like, an opt-out system
What is an index fund
An index fund is fund that automatically invests in stocks based on their position in the stock market or other preset condition (But most just track the biggest companies). Basically it automatically purchases stock in the most valuable companies.
