u/whatevervibestoday

For years I have heard the like of Peter Schiff and Ron Paul talk about going back to the gold standard. As far as investments go it will be part of my portfolio but I know some of you are far more invested than I ever will be but you also know a lot more about it. Clearly as you would expect inflation has increased and just keeps going with our fiat currencies. As investors and investors in gold looking at it from the perspectives of a typical non financially literate individual and someone who buys assets would things better if we were all on a gold standard?

A few years ago I remember a guy named Peter Schiff on a Joe Rogan podcast. He brought with him a card made of solid gold from his own bank. The idea was that his bank would store your money in real gold so you were somewhat safe from inflation. The way he explained it when you bought something on your card they would sell your gold and convert it to the equivalent money. I thought the idea of owning a bank card made of real gold was really cool. It seemed very practical and very much like a form of investing considering someone is buying gold on your behalf. I only just remembered but I was wondering is their anything else like it?

In the UK we call our money sterling although it is not technically silver anymore. As someone interested in manufacturing and products I don't just think about precious metals as investment based on their value separate to the manufacturing process. I think about the part they play in the production of goods and services. I say that because although not as rare I believe Silver is the next best thing for investors because of it's role in the production of resources related to AI and electronics. If gold was not the gold standard which precious metal would you consider the next best investment?

Elon musk has done the impossible so many times that their is a lingering sense of doubt when betting against him. He also has dramatically underestimated the time required to reach milestones. I like some of Elon's work a lot I think he has pushed electric cars into the mainstream and Starlink is an incredibly convenient project, I want to get Starlink it's way faster than the internet speed I have now. I do however think that investors are over confident in Elon, does anyone else agree?

I have received a lot of great recommendations as a first time investor. But I would also like to know about the other side of the coin, as a first time investor which apps should I avoid because they are either too complicated and risky for a new investors or flat out scams?

Currently the strait of Hormuz is still closed. But as investors who diversify I imagine that some of your investments are benefitting and some are getting worse as a consequence. If you have any expertise in industries affected what area will get worse and what areas do you think will see an increase in the value of assets?

A lot of the time the internet can be a very niche dense place. What I mean in relation to this post is that most of the people in this space know how to save and how to invest to the idea that they would need an app to help them save money seems lazy and unnecessary to them. I personally use difference account for different things and have known how to budget since I was 7 getting pocket money. Alas I with these damn Caleb Hammer videos I think that any information shared about saving strategies and apps that help with that would be of use to would be investor. Does anyone have any tips or apps they use to help them control their money so they can invest some of it in assets?

I asked for recommendations about the most realistic film about investing. Out of all the recommendations I received I watched the big short first. The big short is a film about the financial crisis of 2008. It follows investors as they figure out what is happening and how to profit from it. The film is gives simple explanations as to what the technical terms is uses so anyone paying attention can follow.

Although some facts were changed for entertainment purposes it has a very surreal feeling constantly hitting you in your head about the type of people who run our banks and how prone to following the market without researching it properly they really are. And how detached from the real world implications some of these people are, you almost have to be a sociopath or become one to function in the world the way they do.

Personally as someone interested I think that if I had seen this movie sooner it may have galvanized me into learning about how the world works or more accurately is run. I think a younger version of me would have looked deeper into understanding investment if I had ben exposed to this film. For season investors I am not sure they would learn anything they do not already know except maybe more specifics about the housing crisis of 2008.

I recommend it as an introduction as to why investing matters. What do investors think?

As far as investors go Warren Buffet is one of the most famous. Before I decided to learn directly about investing I knew who he is. Is he really that good and how good is his advice in a practical sense?

I just watched a film called the big short in response to recommendations I got here on Reddit about investment movies. It reminded me of Alessio Rastani who I had to look up straight telling us that Goldman Sachs rules the world.

As an investor do you believe that and who do you think actually rules the world?

I have received a lot of great recommendations as a first time investor. But I would also like to know about the other side of the coin, as a first time investor which apps should I avoid because they are either too complicated and risky for a new investors or flat out scams?

If anyone is familiar with the secret movie they should also be familiar with Dave Chapelle ripping into it. One thing I do not see talked about enough is how to cultivate the abundance mindset that allows people to use resources in a way that leads to increased assets. The secret is one potential example although I believe it is an oversimplification. Does anyone have a movie or show that helped them cultivate a mind that to be a good investor?

Today I realised I have not even watched the Wolf Of Wallstreet. I have seen films and shows with investment elements being a part of the plot sometimes even a major part but none that I think really capture the mind of an investor. As investors what is the best depiction of trading you have ever seen on the screen? Show and films welcome.

I have heard stories about how some day traders won't will stop trading for a period of time if they have had a fight with their significant other due to the emotional toll resulting in bad decisions. I think it's fair to say that alt investors learn to be wary of their emotional states when making investments. We all take losses in life, things happen so I am wondering how others handle them regards to investing. Do you just continue or do you have some kind of sabbatical until the storm has passed or perhaps another way. I usually slow down, I have tried to push through big losses and ended up crashing. How do you get back on the investment horse?

The first investment app I really heard about is one called Robin Hood is it the best one and are their any others I should consider using first as a first time investor?

I figured it was time to start sharing what I have learned so I am not just soaking up knowledge. I am going to summaries some facts for anyone interested in this form of investment.

Peer to peer lending or P2P lending is an alternative investment As the name suggest you lend money to someone else whereas the bank would usually do so with your money acting as a middle man and giving you interest.

You Choose How Much To Lend And Have Some About The Borrower

You do so using apps that will help give you some information about who you are lending to and tell you the risk level. You can start off with a very small investment as low as $25.

The higher the risk the greater the potential return but then again the higher the risk.

There Are Still Risks

Because of factors like economical crashes and other factors even a low risk lender may fail to pay you back.

You can diversify you risk by lending to many many people instead of just couple of few. People in industries that may benefit from economical misfortune.

Getting A Return On Your Loan
The money you lend and the rate at which it is returned is agreed upon an you cannot just sell the debt to someone else.

It's reasonable to expect 3 to 7 percent returns with low risk lending.

For anyone with experience with this type of investment could you please add your experience?

And for anyone considering this type of investment does this sound like something you would look into?

I have heard Ray Dalio make predictions but until recently I never really looked into the details of his investments strategy. To paraphrase what the All Weather Portfolio is. It's a portfolio that balances risk in any economical environment and more focused on safety than capital.

Here is an explanation from google ai overview

30% Stocks (Equities for growth during economic booms)

40% Long-Term Bonds (20- to 25-year U.S. Treasuries to protect during deflation/recession
15% Intermediate-Term Bonds (7- to 10-year Treasuries for stability

7.5% Gold (A safe-haven hedge against inflation and currency devaluation

7.5% Commodities (Raw materials that thrive when prices rise

I believe this is more about stages, like where you are in your investment journey and how much capital you have. I do have fears about long term government bonds, I think it is very risky.
Does anyone actually consider this a reasonable way to invest?

I made post about Robert Kiyosaki and some of the people in the comments started giving me book recommendations. I am currently listening to the richest man in Babylon because someone told me Kiyosaki ripped it off. So I wonder how many people had their lives changed by a book about investing and what were those books?

I am curious about whether some investors simply started of rich and adopted financial habits early or if you were on the other side of the spectrum and didn't to stay there. There's this notion that traders get into their jobs because they had the right connections but anyone can become an investor. I myself grew up between houses a poor parent on benefits and another parent who worked a lot and never had to worry about affording bills. Having money made me want to work harder because I liked being able to get what I wanted so I became entrepreneurial quite young. I think there is a delicate balance. Too poor and you can develop such a scarcity mindset that becoming financially independent feels unfamiliar and unsafe. Too rich and you have nowhere to go you cannot do better so there is no ambition. The only way is down. Where did you start and where do you think it's best to start?

I am of the belief that given the global instability and what I perceive as over investment in AI in the short run AI will crash. I think the market will crash because the biggest players in the game right now are all heavily invested in AI it could be a big one. There are always winners and losers in the short run so If I could invest in any industries that would benefit from a crash I would choose. Energy. Energy is essential for everything and when market recover the value of energy will increase with production. Even if things fail the desire for it will not go away meaning energy will be in demand more than ever to help markets recover. If their was a shift in global power energy will be crucial for transportation. Which industry would you invest in if you had to pick one winner?