If your ambition doesn’t grow with your wealth, the wealth makes you stupid by enabling you to delay decisions longer under uncertainty.
I’ve done most of my on-time risky trigger pulling when money was tight, delayed it too long when it wasn’t
Conversation
Replying to
For the first time in my life I have just a few thousand in savings and I have been considering investing it in some micro loan situation for this very reason. There's a sweet spot of financial wiggle room that enables the acuity you describe; either wise can be dulling.
1
1
Replying to
Not sure those fit with my model of changemaking but worth a second look
1
Replying to
Can’t be radical on all fronts. Retirement investment infrastructure is one of the few things that’s decent if you know how to use it. Roth/regular IRA, put it all in S&P = basic vote of confidence in the nation.
1
2
Replying to
Yeah but investing in companies that I suspect are bad for planet and people would take a huge and expensive toll on my mental and physical health
1
1
Replying to
In a way index funds incorporate that thinking indirectly. If enough people are shifting behaviors index will go gradually greener. If not, targeted green investing might hurt you without helping the cause.
I’d rather invest in index funds and write about climate change and support ideas like Bill McKibben campaign than invest in a “green” fund most likely designed to sucker idealists with high management fees. Green the economy rather than invest in green segment of it.
1
2
Show replies

