Financial Independence Daily FI discussion thread - Friday, January 21, 2022 |
- Daily FI discussion thread - Friday, January 21, 2022
- It is extremely hard to be an investor and a doomer.
- What do you want to be when you grow up / FIRE?
- What does the future hold when interest rates cannot go down any further?
- Weekly FI Frugal Friday thread - January 21, 2022
| Daily FI discussion thread - Friday, January 21, 2022 Posted: 21 Jan 2022 02:02 AM PST Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments] |
| It is extremely hard to be an investor and a doomer. Posted: 21 Jan 2022 12:28 AM PST There are two forces that are battling each other inside me every single day. I know that the prime directive to achieve FIRE is to VTI and chill. There are so many studies that show that even during wars, economic collapses or bubble bursts the overall stock market in a long period of time was always going up. But can we be sure about it? I help out climate researchers in my spare time (as a volunteer ) for a couple of years now and sorry to say but the future looks blant and tragic. Every study, article or every friend tells me that we are in a worldwide decline that will hit us like a truck in just a couple of years. I even helped prepare some data models for the future regarding water use, energy needs and society response. After years of trying to convince people, I'm now too numb to tell you that it is too late. You can't have an unlimited system that goes upward all the time on a limited resource that is our planet. This is not something that can be prevented because it is already happening and we can only maintain the organism alive but not heal it completely. This is not a war that can be stopped, this is not a society problem that can be changed by a government or a new law. This is a life-altering mass collapse of everything coming our way and people don't care. And here I am, waking up every day and thinking about how I need to invest more of my money because inflation is eating it up. And every day, when drinking my tea, I look at the latest ecological publications and I wonder if the society will collapse in 2030 or maybe 2035? I know it is harsh but I feel like you need to be a hopeless optimist to believe in FIRE. You need to believe that everything will be all right, that the world will be good and prospering, and that technology (not developed yet) will save us. I can't. Preventively I will tell you that I invest most of my money into Green-tech and green solutions whatever that means. And it doesn't work great may I say it? Global clean energy ETF is -25% since a year, Solaredge -27%, First solar -17%, Sunrun -58%, Enphase -23%. If even green tech stocks are down how can we believe in saving our way of life? And no, this post was not made because I'm red on the last couple of days. I'm -20% in a year now and I don't really care anymore. This post was made because for the last 10 years I see the writing on the wall but everyone is telling me I'm the doomer, the crazy one and VTI and chill. It makes me sad [link] [comments] |
| What do you want to be when you grow up / FIRE? Posted: 20 Jan 2022 01:57 PM PST I feel like I am the kind of guy that likes to keep working, that I will continue to keep working in some capacity after I FIRE (it will probably be my 50s, before I can). The thing I keep thinking about what would I want to be / do when I can FIRE - a gardener, own a coffee shop, maybe write books, etc. The things that one might consider lifestyle jobs and lifestyle businesses - the things that generate income, but mostly you are in it for the social interaction, keeping busy / finding value in work, etc. I am wondering what others with the same mindset have planned or perhaps even done? Did it work out, did you enjoy it and how is it going? [link] [comments] |
| What does the future hold when interest rates cannot go down any further? Posted: 21 Jan 2022 02:52 AM PST Whenever there is a stock or property market collapse, there have been many permabears who claim "this time is different" only to be proven wrong as central banks print money and use the printed money to buy short-term bonds, which reduces interest rates. When interest rates go down, investors can borrow money and use the borrowed money to buy more stocks and property thereby increasing demand and hence increasing price. However, with interest rates all over the world now at or near zero, this time is it really different? If there is a market collapse and interest rates are at or near zero, what can be done if interest rates cannot be reduces any further? Some have suggested negative interest rates, but if interest rates are negative to the point where bank deposits have negative yields, why wouldn't there be a bank run caused by people taking their money out and putting it under their mattresses (earning zero yield, which is higher than negative yield)? [link] [comments] |
| Weekly FI Frugal Friday thread - January 21, 2022 Posted: 21 Jan 2022 02:00 AM PST Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments] |
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