I don’t want them to plan their lives around it. My brother is thinking of switching career and my parents have some investments etc based around line-go-up.
But also I just look like a conspiracy guy until the bubble pops, but then im the “i told you so guy” and that sucks.
I would just tell them to think long term instead of focusing on the new shiny thing. Software development is still a perfectly valid skill to learn, and if your investments are in tech ETFs or mutual funds, they’ll be managed and hedged against avoid losing a significant amount of value.
If they still want to chase the shiny thing, you can’t logic them out of an illogical position. All you can do is recommend they have a fallback cushion, and only invest time/money/effort that they can afford to lose.
I don’t want them to plan their lives around it. My brother is thinking of switching career and my parents have some investments etc based around line-go-up.
But also I just look like a conspiracy guy until the bubble pops, but then im the “i told you so guy” and that sucks.
I would just tell them to think long term instead of focusing on the new shiny thing. Software development is still a perfectly valid skill to learn, and if your investments are in tech ETFs or mutual funds, they’ll be managed and hedged against avoid losing a significant amount of value.
If they still want to chase the shiny thing, you can’t logic them out of an illogical position. All you can do is recommend they have a fallback cushion, and only invest time/money/effort that they can afford to lose.
“hedged against… Losing a significant amount of value” boy do I have bad news for you about the ETF industry.