Finance

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Money Monday Discussion Thread: Monday July 3rd, 2023 (self.finance)

submitted 2 years ago by gyrfalcon to c/finance

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Howdy! After the success of last week's discussion thread, I figured we should keep going. Feel free to comment below with anything and everything money related that is better suited to a conversation or a quick question and answer than a full post. Some ideas include:

Journaling about an ongoing job search
Asking for ideas about how to manage an emergency fund
Logging recent stock trades
Talking about the impact of inflation on your budget
Your plans for maximizing the rewards on a credit card

Again, those are just suggestions, if there’s really anything you’d like to talk about related to finance in your life, feel free to put it here.

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[–] gyrfalcon 2 points 2 years ago

I think when discussing the financial aspect, this is definitely the right place.

That said, I am curious why you hold it. I haven't seen any convincing arguments that it works as a good diversifying asset, like gold can sometimes be, though I'll admit I haven't explored that much. Beyond investing, my understanding is that there are probably a lot of unbanked people it could help out with transferring money, but that the current widely adopted ones are less than stellar on that front. If you're able, could you elaborate on that point?