I’ve come around on this, and now invest some money so that I can pay for my retirement because I don’t have much in there right now. My reasons are:
Speaking of homes, there are packages here that make mortgages valuable and I think overall it’s cheaper and more secure than depending on a landlord (also you’re not financing a leech).
The danger is if you start having a bourgeois mindset. It’s your home, it’s your castle, and nobody is allowed on your land. Or if you see a humanitarian crisis in the news and your first thought is “oh that’s gonna bring my investments down”. That’s something you have to watch out for.
But apart from that I’m taking China’s philosophy. The capitalists want to do business, we will do business. We will do it better than them and beat them at their own game, and expose the absurdity of capitalism (well, except that as a common prole I’ll probably get taken out of the game before I ever get to exploit it too much).
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We live with the cards we are dealt and while capitalism deals shitty cards by design, we also can’t blame people for wanting a good life for themselves or their family.
I just like the stonk!
Really though - there are multiple facets of life where we get to choose capitalism or capitalism where the one capitalism is clearly the smarter choice in the long run for about the same cost over the other capitalism. I sell my time for money, money is washed out and the market is crooked like hell - better make the most out of it. Of cource avoid the absolute most evil corps
A small correction if you’ll allow me; you sell your labour power (your capacity to work) for a wage, not your time. Then your employer is free to do with your labour as they please for the time they bought it. The implications are different in that if you sell your labour power, you are inherently being exploited for the benefit of someone else as you do not receive the whole value of your labour back.
If a society does not take care of everyone, it has no reason to exist from the perspective of those left behind.
Investing in public stonk meerkats for survival is bad for survival. Individual stocks are a bad risk or a small return. Index funds are an ok risk but return is negligible unless you have a very large capitalization… even then, a fund can lose all the money in a bad crash due to poor management.
Investing in capital markets makes you a capitalist. You are literally supporting capitalism when you do that, no matter what rhetoric you may deploy to justify it.
Better for socialists to invest in means of production, organize a society (union, club, guild, gang, wuteva ) and build a socialism to provide for retirement. Get some land, batteries, solar panels and a container or two, start a compost, make a space that works for you and your loved ones.
If anyone asks just tell em youre an entrepreneur working from home for a startup doing crypto… they should lose interest before you finish the sentence, and then you can get back to bein gay and doin crimes like god intended.
Also, retain a lawyer.
Get all that squared away and then play the market, if you feel like throwing money away. Or just give me the money, i will use it as described above. Im on liberapay, same name similar game no blame
When “normal” people start investing into stocks that is usually a good sign that the next crash is coming soon and the smarter money is pulling the strings to sell off to stupid money as much as they can.
i don’t think we need to. and stocks assist corporations in accomplishing their goals often with an incentive to pressure the workers.
take a look at crypto. its not the answer to all problems but it provides some gains on the short and long term.