r/altinvesting

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?

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?

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 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?

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?

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?