Trading stocks makes me feel dirty (hexbear.net)

submitted 10 months ago by jackmarxist@hexbear.net to c/chapotraphouse@hexbear.net

81 comments fedilink hide all child comments

I hate the whole publicly traded model of companies. I hate capitalism. But have to engage in trading stocks (I mostly do Mutual Funds and a small quantity of direct stocks) so that my money doesn't lose value by sitting in a bank or cash.

Same thing with credit cards, don't like taking loans and getting marked on a centralised list for that but it's a safer option than using your own money.

Fortunately I don't do crypto so that's a plus.

you are viewing a single comment's thread
view the rest of the comments

[-] Cherufe@hexbear.net 9 points 10 months ago

You cant just deposit your money with an institution that will match inflation? Here in Chile you can get a Deposito a plazo en UF and forget about it

[-] space_comrade@hexbear.net 7 points 10 months ago* (last edited 10 months ago)

You cant just deposit your money with an institution that will match inflation?

You literally fucking can't in my country. They've had some smaller scale sells of government bonds but you can't really do that in a bank on a regular basis, all you get are their garbage investment funds or a savings account with like 0.2% APY.

[-] jackmarxist@hexbear.net 7 points 10 months ago* (last edited 10 months ago)

Not really. You can buy gold bonds or invest in mutual funds or fixed/recurring deposits in my country. Don't think there is a inflation matching thing here.

[-] darkmode@hexbear.net 5 points 10 months ago

Deposito a plazo en UF

that sounds great, things like this used to exist in clapistan, however if you want to play at making passive income like our overlords you must now gamble