Do any of you guys here invest? I invest. I don't think it conflicts with my political views because I recognize that while capitalism is wrong I still need to make a living.
I've got around 20k in stocks, 10k in crypto and thinking of buying an investment property.
You better be working too or else you're a scab
Of course I'm working haha. I try and save as much as I can.
I've invested a little in cryptos. I know it's a zero-sum game and I don't deserve any of the profits I get, but if I didn't someone else would and I don't see any reason not to take free money from someone else trying to play the same game.
I'd argue this teeters on petite-bourgeois depending on whether the return on those investments makes up a substantial part of your income, but that's besides the point I suppose.
I don't invest; right now I don't have the kind of money to be throwing around, at least not enough that it would give meaningful returns given the time invested.
Historically, a shitload of famous socialist figures have come from the upper classes (including Marx, Engels, Lenin, Kropotkin, and Bakunin) so I see no problem with investing and making yourself some money in the process.
I'd argue that knowing how the system works and NOT using it to your advantage when possible is downright stupid. Marx enjoyed playing the stock market for this various reason.
*for this very reason
Drunk, sorry.
sounds pretty petite bourgeois to me
30k? Jesus
Pretty sure Marx was perpetually broke.
i was thinking of putting some money in crypto, what's good at the moment
I bet ~€900 on SHIFT (a cryptocurrency) somewhere in Februari. Now it's around 27k.
I guess it's a lot of fun if you win, but I would only recommend it if you have inside info or are playing other investors' biases.
I heard Pharming Group is worth 5x ad much as it is now, because a lot of speculators are turned off by its previous failings. Haven't bought any of it yet though. Maybe something to look into.
No I don't gamble
like 50k in index funds but i have a bad feeling about the market lately
Yes, have a little bit in cryptos. Don't have much to spare but its a great gamble if it does take off… I mean the bank already gambles and profits with "your" money, might as well do it yourself…
Until communism can be established, money is a necessity and a method to secure means of production. If they can be acquired by alternative means other than my normal shit wageslave job, then why not? Then I can have more time for margsism. Neetbux don't exist here.
Yeah, I've got around 20k in stocks, maybe 10k of government bonds, and inherited some land valued at around 60k. I'd advise against the property because that's a pain in the ass, what I've got is near useless for farming and I'll probably sell it to the guy who already owns most of the undivided shares for whatever I can get.
Yeah, it's retarded lifestylism to not play the system the best you can. I've still gotta work, neetbux isn't an option, and if I had a family I'd like to be comfy instead of living in poverty.
Maybe that's why 🤔
as long as you use some of your capital to further leftist causes there is no contradiction between having capital and being a leftist. we need class traitors and well off people to pay for shit to raise class consciousness. one of the major things the left is missing is cash
No I just dump it into a savings account and get something laughable like 2% interest. At least I don't pay taxes on it and can withdraw (not a huge amount anyways).
There's nothing wrong with playing the stock market. Don't be a lifestylist idiot who pretends that capitalism doesn't exist.
the thing wrong with playing the stock market is that its completely random and youll go broke if you try to get rich. might as well get a blue chip or something instead
No it doesn't conflict. Although, the investment property pisses me off. The thing is, being a capitalist is inherently bad, and avoidable. Working and to a lesser extent, investing, isn't as avoidable. Being a socialist isn't about your place in society, it's about supporting socialism. I can understand being a capitalist though.
It's based on perceived value and "sentiment" aka hype. It's not random at all. Certain technology companies like gpu makers are almost a guaranteed win in the near future with the growth of VR/AR and crypto mining…
You won't go broke if you learn how to manage risk, don't overleverage, set reasonable stops, and diversify…
get back to me in 2 years lol
No because I don't have any fucking money. Reeee.
It's idiocy like yours that makes me despair about the future of communism. Creating a mass movement where a considerable segment of the mass is retarded. This is why so many revolutions end up being led by the educated petit-bourgs, and why even the proles that rise on revolutionary times end up as statist bourgies.
alright dude you're really cool. im sure you can accurately predict the trends of the market unlike every other human being thats ever played the game
You can't predict it - no one can - but you can definitely take steps to minimize risk. For once, I have to agree with the Stalinstache.
Of course nobody can know with precision how things will go, but people can make educated guesses on future trends based on objective analysis if they're not retards. Literally Karl Marx and materialism, ffs.
How do you even hope to destroy capitalism if you don't even know how porkies operate? I'll do you a favor and show you how you can't go broke if you aren't stupid:
this means firstly among other things that you don't invest money that you actually need to survive, only really "disposable" income that you're willing to lose completely.
Leverage is essentially getting a loan so you can multiply your buying capacity; smaller price changes lead to much larger gains… or losses. You will be fine if you keep it low, within your pay capacity even if you fuck up. Its get rich quick retards that overleverage who go broke and into ridiculous debt and decide to jump off a skyscraper.
Because we live in a technological era, stocks, currencies and other instruments are traded through computers, and you can set rules to automatically execute. A stop loss order means that you sell the shit if the price goes below a certain threshold, so you lose say 10% and not 100% of your investment (or go into debt with leverage) if the price crashes.
You don't become invested on just one fucking thing. It would take a complete economic catastrophe to crash the value of everything if you are diversified.
You're possessed by pseudo-religous thinking that is making you worried about being a "good leftist" - like a christcuck worries about being a "good christian". You're doing a tu quoque fallacy on yourself.
So, how much do you own in stocks?