ipitco

joined 23 hours ago
[–] ipitco@lemmybefree.net 2 points 7 minutes ago* (last edited 5 minutes ago)

It’s safer. This is a huge % of my life savings were talking about. I don’t trust myself to do it.

I can understand it, and respect your decision. At that point when we're talking about such amounts, it's better to offload this mental stress to a reputable company, even if it means a bit lower interest rates

The main thing to get out of this is that you're investing and frankly, it's pretty much all that matter

[–] ipitco@lemmybefree.net 1 points 10 minutes ago* (last edited 9 minutes ago)

They could also make you invest in their partner companies (or even their own) and have themselves invested prior to that in the same company, then sell later, making them a bigger cut, or similar schemes. What I mean is that it's not that simple.

overall their work is not that hard and statistically doesn't pay off, at least in the past years

They're trying to stay relevant, but ETFs are now the main way of investing and are providing more interest than picking niche fields. They're doing what they can to stay relevant, but it doesn't really work. They still need to complexify a bit your investments to make it seem like they're doing something useful

[–] ipitco@lemmybefree.net 1 points 16 minutes ago* (last edited 15 minutes ago) (2 children)

$750 per year to keep my account open

WHAAAAAAT

The thing is it's relatively simple in the most part. Just invest in a couple mainstream ETFs and boom, no need to be fancy or taking some time after that

if you want a more safe direction then it's a bit different but for the most part, that's it

[–] ipitco@lemmybefree.net 0 points 25 minutes ago* (last edited 23 minutes ago) (6 children)

Understandable, but they also have conflicting interests, which is that THEY want to make money

if you look at the average return rates of managed investing vs unmanaged, you'll see that you earn more by yourself with pretty much equal risks

I suspect many investment companies have deals or interest in making you invest in specific companies even though they're not that profitable

It's a bit like everything: food sold already prepared has a nice taste, but not always the best composition and is less worth it than doing it yourself, but if you don't pay attention enough, you can fuck up your meal. If you are careful, you'll make much more by yourself and it'll still have a nice taste. Yes, this comparison doesn't bring a lot but specialized companies aren't always the best way of going, and that's currently the case for investments and stocks

[–] ipitco@lemmybefree.net 1 points 35 minutes ago

moderation debates are the best

feeling like a judge serving a higher cause when no one actually cares

[–] ipitco@lemmybefree.net 2 points 36 minutes ago

yes, but not only, and that's the important thing to understand

[–] ipitco@lemmybefree.net 2 points 37 minutes ago

Moderation would be better if there was a "see anyways" button on deleted content

[–] ipitco@lemmybefree.net 1 points 41 minutes ago
[–] ipitco@lemmybefree.net 1 points 41 minutes ago (11 children)

Easy way to gain a lot less than you would by making a few hours worth of research

[–] ipitco@lemmybefree.net 1 points 44 minutes ago

maybe, but I would say that's not most of the game's features, I personally don't really care about it

[–] ipitco@lemmybefree.net 1 points 1 hour ago (2 children)

no money at all is ever required by the game from the player

Yes it is though? To upgrade the house, purchase new equipment, buildings, to see more features

Sure, you can do without money, but then you're going to miss half of the game's features

[–] ipitco@lemmybefree.net 1 points 1 hour ago

Streamers have a good life

Unless you're handicapped or unable to work for some reason and get a passive revenue that allows you to live, i'm not sure how people can do this

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