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Comment by lm28469 | Hacker News Reader

What if we just stopped being so greedy and just bought/invested in what we actually need instead of playing silly games ? Find a plot of land, build a house, &c. a safe space for your kids and their kids.

I know people stressing 24/7 about their money, diversifying their crypto shitcoins into pokemon card collections, buying watches or old apple computers in the hope they'll be able to sell them for more to the next sucker, buying and selling defense company stocks secretly hoping more poor souls will get annihilated in Ukraine or Gaza because it's good for their $$$. They're loaded like never before but I've never seen them so tired and miserable, I bet they don't even know why they want more money, hairless apes seem to like when numbers are getting bigger

And on top of that if shit truly hits the fan the vast majority of these will be completely useless.

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But I can't even afford 1 single house unless I buy it on margin (and my bank won't give me margin). The minimum quantity is too high. It's like the problem with options trading but worse. (A single options contract can be worth $X,XXX to $XX,XXX and the ones on the lower end of that range are the ones most likely to expire worthless)

> Find a plot of land, build a house

So we’re back to 2007 now.

Because unless you are very lucky you simply will not be able to retire, or at worst just run out of money with no healthcare or shelter.

If everyone you know stressing about money would actually be fine if they stopped stressing they are all very privileged. That's not reality for most people. This is not a silly game, and it's frankly ridiculous for your advice to be "find plot of land, build a house."

> That's not reality for most people

Most people shouldn’t be managing their investments. The difference in return even if correct on smaller sums is often less than one’s labour is worth. If, on the other hand, it’s material to you whether your portfolio goes up or down by single digits, real estate is and should be part of that mix.

Dude we're talking about getting safe from an "ai" bubble pop by diversifying in gold and cryptos. If any of these words make sense to you, you obviously already are privileged.

I'm just sharing my experience, I know a bunch of relatively poor people (household with 2 min wage) who have kids and are paying their mortgage. I also know a shit ton of tech workers making $$$ who spend more than the combined income of the former households on pokemon cards and crypto coins every single month

> If everyone you know stressing about money would actually be fine if they stopped stressing they are all very privileged.

Well yes, that's my point, stop buying bullshit and start building a future, it's way less stressful to spend all of your money on a plan rather than spending it on future hypothetical gains that might or might not materialise depending on variables you don't even know about.

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