I can see that happening… but invest in what? NVIDIA?
Comment on MIT report: 95% of generative AI pilots at companies are failing
FlashMobOfOne@lemmy.world 2 days ago
I hope you’re all keeping some money set aside for when the AI bubble pops. It could end up being the best time to invest at a discount since March 2020.
flightyhobler@lemmy.world 2 days ago
FlashMobOfOne@lemmy.world 2 days ago
Oil stocks were down 90% in March 2020. That’s what I went with. You can profit off a lot of things if you’re willing to hold for a few years.
bier@feddit.nl 2 days ago
I once had stocks in Shell, mainly because it’s a Dutch company (I’m Dutch) and its a pretty stable investment. But it felt very wrong to invest in oil. So after a few months I sold them (thankfully with a little profit).
Personally I just don’t want to invest in anything I think fucks up the world. It’s also why I don’t want to invest in meta and some other tech companies.
ubergeek@lemmy.today 2 days ago
Personally I just don’t want to invest in anything I think fucks up the world.
For better or worse, then you wont want to invest in well, anything. Capitalism is always fucking up the world.
That said, most don’t have a choice about it, if they ever want to retire.
The best I can get you is investing in Seed Commons, or something similar: seedcommons.org/invest
FlashMobOfOne@lemmy.world 2 days ago
It’s true. A person has to make the best choices for themselves.
Oil stock, in my case, paid off my student loans and paid for the down payment on my home, and just in time too given that the US leaders have allowed things to get so bad for the people in those arenas.
The way I justify it to myself is that, as far as investing goes, I am among the smallest of the small fish. Unless you own enough to sway votes in a public company, your investment doesn’t particularly matter as far as a company’s policies and behavior.
bier@feddit.nl 2 days ago
When Trump got elected I sold some of my stocks. My investments are also my retirement funds, so I don’t need them for a while. I’m waiting until the next crash starts, or something else that’s pretty bad (war, rogue AI, whatever). If the market crashes I can immediately step in.
FlashMobOfOne@lemmy.world 2 days ago
Nice.
I recently sold a portion of my crypto at a profit and am just keeping it in a money market for the moment. I want to have a certain amount to throw in stocks when the next crash comes, but don’t want to lose out on some of the good things happening now in terms of investing.