To clarify something, I’m not some boug. I worked at a job for years where they put money into a 401k as part of the benefits, and I was there long enough that it vested. So I have a few grand that’s locked up in an IRA that I can’t get into until I retire.

Here’s my simple strategy: I’m putting everything into Chinese index funds / stonk ETFs.

My rationale: it’s all about the emotional risk management.

What I mean by that statement is, in the past when one of my sports teams I root for has made it into the final round of the playoffs, I would place a small bet against them. Because if they win, I won’t care that I lost some money. But if they lose, I’ll at least have a bit more $$$ in my pocket, it’s a small consolation but it helps.

So how does this relate to China and investing? The way I see it, there’s likely one of two scenarios for where the Chinese economy will be a few decades from now when I can take that money out. Either A.) the CPC more or less just continues on with what it’s been doing since Deng. Continue to develop the productive forces, continue to rack up W after W while the west implodes on itself, and the Chinese corporations I’m invested in will do great - stonks go up and I have a nice little savings built up.

Or B.) CPC pushes the communism button in 2050 or so, they nationalize all the corporations, and I lose the whole investment. But you know what, WHO CARES?! THEY PUSHED THE BUTTON! That would literally be the best thing that I could ever see happen in my lifetime, and the last thing I would care about would be my IRA.

Seems like no matter what, I end up a winner 😎

  • sempersigh [he/him]@hexbear.net
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    10 months ago

    lol this is a tumblr post from 2019

    the use of the word tankie here is ironic the tumblr user Edwad is cool so don’t get mad

  • ZWQbpkzl [none/use name]@hexbear.net
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    10 months ago

    What if the US goes to war with China before they push the communism button and all your assets are seized? Is that the “I lose but I don’t care anymore scenario?”

    You might want to ensure you can pull your winnings out so you can leave before the big one hits.

    • TimeTravel_0@hexbear.net
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      10 months ago

      Thinking about it now, dont a lot of big bougies have buisness interests in china? Would the white house risk doing anything more substantial than the current performative bullshit if it meant pissing them off?

      • ZWQbpkzl [none/use name]@hexbear.net
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        10 months ago

        Some do have business interests in China but most don’t and some have interests in further escalation with China. What matter is how the intra-bougie power struggle shakes out.

        • TimeTravel_0@hexbear.net
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          10 months ago

          The biggest benefactor I see in escalation is probably the military industrial complex. I suppose if buisness dries up in ukraine and israel they might push harder for war with china and tip the scales of the bougie brawl, but I dont think that will happen anytime soon.

          • ZWQbpkzl [none/use name]@hexbear.net
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            10 months ago

            The mic will push for war with China not just because they want big money for big boats. They do accurately see the future where the US is pushed out of the South China sea and they can only imagine a war stopping it.

  • GaveUp [she/her]@hexbear.net
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    10 months ago

    If this isn’t a bit; don’t think it’s that simple, look at China indexes performance the last couple decades, it’s pretty shit

    • jackmarxist [any]@hexbear.net
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      10 months ago

      I won’t recommend Chinese stocks or index funds either unless you’re reading Chinese news everyday. The government doesn’t give special treatment to corpos so once they find themselves in trouble, they and their stocks are fucked.

  • HamManBad [he/him]@hexbear.net
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    10 months ago

    Investing your money in a foreign country leading the way in standing up against the influence of foreign investors. Bold strategy. Viewed as a donation to China, I like it. Just don’t expect to retire on it

  • Juice [none/use name]@hexbear.net
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    10 months ago

    This is literally what the national bourg of the western consensus fears most, hence the constant “China’s economy is going to collapse any day now” posting in the media.

  • WithoutFurtherBelay@hexbear.net
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    10 months ago

    ok:

    1. What is an index fund
    2. How is this any less exploitative than trading stocks
    3. Are there any forms of financial investment that aren’t inherently exploitative or based on stolen surplus value
    4. Even if there is, is it even worth it? Is this all a waste of time?
    • BurgerPunk [he/him, comrade/them]@hexbear.net
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      10 months ago
      1. No clue
      2. It probably isn’t
      3. I’m going to guess no with confidence
      4. There aren’t so it doesn’t matter. If there were then probably not worth it.

      I know this isn’t helpful, just wanted to share in not knowing shit about index stonks. Saw a lot of posts about investments today and I’m just like ??? Y’all got stonks ??? I know nothing about that stuff

      • WithoutFurtherBelay@hexbear.net
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        10 months ago

        At risk of emitting lethal levels of lmayo energy, what makes buying stocks any more problematic than buying any other consumer or luxury good from a company? I have a hunch it’s mostly going to lie in the people who you sell to once it’s more valuable basically being scammed, but I think there’s more to it.

        • BurgerPunk [he/him, comrade/them]@hexbear.net
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          10 months ago

          what makes buying stocks any more problematic than buying any other consumer or luxury good from a company?

          I don’t know that there is anything more problematic about it really. Especially since a lot of the people who do engage in it for retirement savings and stuff, and it seems like about the only viable way to do that for many people.

          I just don’t know anything about it, or have any ability to engage in it, so its really foreign to me. I’m not calling it problematic.

        • peeonyou [he/him]@hexbear.net
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          10 months ago

          i think the problem is that you’re participating in the system you hate… corporations’ sole purpose is a return on investment for its shareholders… nothing else matters

      • theposterformerlyknownasgood@hexbear.net
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        10 months ago

        Index funds are big pots of money that automatically purchase stocks based on preset conditions (Usually how valuable the company is). When you put money in those money are used to purchase these stocks.

    • theposterformerlyknownasgood@hexbear.net
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      10 months ago

      What is an index fund

      An index fund is fund that automatically invests in stocks based on their position in the stock market or other preset condition (But most just track the biggest companies). Basically it automatically purchases stock in the most valuable companies.

  • BovineUniversity@hexbear.net
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    10 months ago

    What about the pessimistic option ©, where the Chinese economy stagnates or collapses and you just end up losing money?

  • Sinistar@hexbear.net
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    10 months ago

    I own a bunch of Chinese stocks. They haven’t performed very well compared to my American ones, but I see them as a long-term deal because I genuinely expect the American economy to face an unrecoverable crisis in my lifetime.

    Aww shit, I just realized I’m a prepper. Oh well time to dig out a bomb shelter.

  • 中国共产党万岁
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    10 months ago

    Ok but actually, does anybody have suggestions like this on how to redirect money that otherwise would have been destined for something like a 401k? I’m interested in finding a way to invest in the global south or at least just find a way to convert cash into some durable value that could support me during a period of extended financial hardship

  • I also have a lot of faith in the future of the Chinese economy, but it’s still worthwhile to manage risk by diversifying. At a minimum I don’t see why you wouldn’t invest in Vietnam too. China isn’t the only AES state integrated with the world market. A regional southeast Asian fund is also an option.

    • Sinistar@hexbear.net
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      10 months ago

      Vietnam probably has a lot more growth to go compared to China too - though I think the real smart bet right now is in Belt and Road countries, of you’re looking thirty plus years out.

      • Belt and Road countries are literally most countries. It’s likely to be a safe investment overall, as it’s one of the most diversified strategies. I think some B&R countries seeing relatively poor returns must be expected though.