Hacker News new | ask | show | jobs
by rtkwe 18 days ago
I've been thinking that for years about various sources and the bubble stubbornly refuses to pop on a convenient timeline so I'm falling back on the adage "time in the market beats trying to time the market". Index funds and chill is much more relaxed than trying to determine who's actually going to survive the AI bubble popping.
1 comments

this is the reason I refuse to budge from my index portfolio besides small 'play money' ventures. My investing philosophy is basically by the time it hits wire you dont know what portion of it factored in. especially in age of AI and automation IMO alpha will vanish faster as anyone can code up eqv of a bloomberg terminal themselves. So all thats left is how do you manage downturns, when market heads down 30% but your handpicked stocks go down 60% you need to have enough wherewithal to hold through bad times. this is where true test of faith comes, I believe I would be cowardly and sell out at wrong time. So its best to just hold index and market sort the bloodbath out itself.
Yeah I don't have the time or the patience to try to pick and think about long term choices beyond some sector or tailored mutual funds/ETFs. Doesn't help my job comes with pretty heavy trade restrictions so I have to get pre-approval for individual stock trades AND surrender any profits on sells less than 60 days after buying. Honestly probably wouldn't do much even without those restrictions but it completely kills it for me.