Practical Question

[MadMoney]

I am not going to actually change what I am going to do, but I am really curious about what communists think is the "right" and "moral" thing to do in terms of investment decisions.

At the end of October, my CD matures. I am a college student, but I will have available a couple thousand dollars to spend and reinvest. However, interest rates for a new CD are shitty, somewhere between 1-3%. I am considering buying up a foreclosed house instead and hoping that the economy will pick up in a few years.

What would you (communist or otherwise) do and why?

[AvanteRedGarde]

Communists don't buy into subreformism: the idea that individual actions will culminate in change. Rather Communists stress class struggle and class warfare as the primary vehicle of change.

So it a mute question. Go for the better investment and put the returns towards the rev.

[MadMoney]

So I should flip their house?

I am not giving any money to the revolution if you are wondering.

[Bright Banana Beard]

As emphasizing on AvanteRedGarde's post, you asking what communist would do with their investment. It could be anything and they could become bourgeois. That's nothing compared that we all want a revolution. Jazzratt should add this to OI's chit-chat.

[mykittyhasaboner]

You came to the wrong place if your asking us about "investment decisions". We couldn't care less what the fuck you want to do with your money.

[TheCultofAbeLincoln]

I'd pick up some property if I had any sizable chunk of cash, to be honest with you. I know a guy, just got out of the Navy, who picked up a 2-story, 4-bedroom house for maybe 30% of what the people before him paid. So now he's got a big house in San Diego for what were Minnesota prices just a year or two ago :thumbup:

Of course, investing in some stocks wouldn't be a bad call either. Shit, GE hasn't had prices as low as they are (or were a day or two ago) in decades :D

"When everyone else is greedy, be fearful. When everyone else is fearful, be greedy." --Warren Buffet.

[Schrödinger's Cat]

If you want to invest in stocks, I would still hold out and wait to see if you can maximize your profits at the bottom of this recession. Keep in mind a quarter of the country is shitting in its pants thinking we're going to crash, but our "measly" 1 trillion spending free is not that devastating. Work from this fear. Japan in the late 90s after doing nothing for a few months responded to its own economic problems with nearly 7 trillion, and my cousin in Japan reports that indeed they are not a third world country (joke).

Buying a house right now wouldn't be a bad decision at all.

[LOLseph Stalin]

If you're trying to invest I say don't do it now. We're in the middle of a recession. If things get any worse you could possibly lose money, but I do have to say that maybe taking financial advice from a Commie isn't exactly the best thing to do.

[Ragnar Danneskjöld]

lol at asking communists investment advice.

The housing market is at a huge bottom right now and real estate is hard to lose all of its value.

If you don't have that much money, then invest in mutual funds and ETFs. ETFs spread your money out over many many stocks and their are even some that do the Entire S&P 500. So by buying one piece of an S&P 500 ETF. You are simultaneously, buying a little bit of every company in the S&P.

[GracchusBabeuf]

lol at asking communists investment advice. All those who listened to the free marketeers' investment advice are sure lol'ing to the bank... oops poor-house right now.;)

[Rangi]

Yeah asking a banker what to do with your money is probably stupider than asking a communist right now.

If I were you I would invest the money where you are sure that you won't get a negative return. Ragnar recommends mutual funds and ETFs. I recommend a long term quilted, inner sprung investment scheme - stuff it in your mattress.

[synthesis]

Better yet, convert it to gold. That way you're all good even if the dollar goes down the shitter.