Yes, follow advice about investing and 401ks and such. Its your ownly way of surviving in the imperialist powers.
That being said, say goodbye to any investments you have after the revolution.
My thought process is: play the system, try to retire as best as I can, and the best outcome in life is when all my money is evaporated after the revolution outlaws business gambling. At least under socialism I know I'll actually be taken care of, most likely better than a meger retirement under capitalism would.
You more or less don't have a choice if you want to have a sliver of hope of retiring (or maybe dealing with one (1) medical emergency) in
. Whoever decided to replace pensions with 401(k)s should [redacted].Sure, do what you can to better yourself under capitalism while simultaneously fighting for socialism. Remember the stock market is basically gambling though, and it’s probably fucked in the near future as the empire collapses. Maybe invest in precious metals or something? I know the market’s kind of rigged, but it might get better as more people buy in to avoid disaster? Idk.
Yes. This may be the last remaining lib in me speaking, but please figure out some investing.
It's the closest porky will get to revealing some secrets, and as long as you don't do any rent-seeking behavior, go ahead. Your survival should be more important than ideology. Right now I'm trying to get myself to learn porkspeak and act on porky's tricks. Whether it be networking LITERALLY just for an entry-level job, what equity is and how to properly invest. Right now, me getting off my feet and claiming the adulthood porky robbed from me is more important than sticking to my guns. I'll play along just enough to keep my head down but still keep reading theory and preparing for the worst.
If and as you come to own capital, whether that is a house, or stocks, or a private pension, it's going to change the fact of your class position to some extent.
Many people living under capitalism are primarily workers but their class positions are complicated or polluted in that way.
Imo involvement in the stock market is not a super huge deal so much as becoming a landlord or exploiting wage labor or something like that.
I get what they mean, when I first started reading Theory, I wanted to avoid the concept of investing completely, thinking that by participating in a capitalist system and looking for financial advice from the news to be more financially stable, I must be a Counter-Revolutionary/ Capitalist. Admittedly this isn’t how I think anymore, if you wanna invest because you already have a job and don’t wanna break your back working a second one, I see no harm in safely investing properly. Also important to remember that Engels was a factory owner, he participated in Liberal Economics and was profoundly influential to the Communist movement
What do you mean by liberal economics financial advice? Like advice about investing? Or advice about saving and having a budget?
You should definitely follow a budget and save if you can. At some point if you have enough it may be a good idea to invest your money but you'll need to think carefully about that. I can't give any specific advice, as I've never had to face the problem lol.
I’d say that it isn’t bad to participate in a system in which you are essentially required to participate in. Much like how I wouldn’t confront a comrade for selling stuff in a garage sale or Amazon or eBay, I feel that it’s ok to invest, ESPECIALLY in 401(k)s like others mentioned. And for the love of all that is HOLY, PLEASE don’t fall for the meme of following Pelosi’s or Bezos’ stock portfolio, plenty of idiot tech bros tried doing this without understanding that the stocks they show are at least a month old, these people wouldn’t just slip up that big, also corruption laws prevent them from releasing their current stock assets (because in theory they could perpetuate a mass Pump’n’Dump scheme) and the rich definitely don’t mind that rule as long as it keeps the wealth out of the hands of the poor.
It's not really ethical if you're doing it to exploit others/make more than you need, if you're just doing it to get by it's fine.
It is okay, but if you’re going to go about investing and learning how to do so, keep in mind that a lot of the economic theories out there are wrong and are only spread to put into place the policies that benefit the rich.
Know your risk tolerance, diversify and normalize your positions according to stdev, and don’t trade. Also use theory when picking companies. The rich get richer.
