Gravitating to normalcy

I can’t say it has been a crazy month for me. At the same time it’s also a month I lost my focus due to things that were happening, and the things that happens sometimes are temporary that won’t span more than 3-6 months.

That said, I’ve been working slowly on getting back to my project and finally having a release date somewhere in August where I can just complete user guide, development guide, and have the content ready for users. Whether I hit the mark or not really depends on how much I get done in the core project. Once the main project is done it’s just a matter of execution.

I’m somewhat mentally tired though. Things sometimes don’t work in your favor. But for me, it feels like sometimes it just never has worked in my favor to the point that I just started accepting that maybe I’m just not meant to have the little joys in life. And given my life, I’m becoming a strong believer that I’m just not meant to do anything great both on a personal or professional level.

Well, it sucks, but it is what it is and going against the flow of life tends to just kick you in the nuts.

Would StockTwits be considered a dangerous site for market manipulation?

I have basically deleted my dummy account I created for it. Over the span of three weeks I came with the conclusion that whatever StockTwits was set out to do isn’t really hitting the goal. StockTwits wikipedia:

StockTwits is a social media platform designed for sharing ideas between investors, traders, and entrepreneurs. The company was co-founded by Howard Lindzon and Soren Macbeth in 2009. The company received the first Shorty Award in the 2008 finance category.

Wikipedia

If anything StockTwits isn’t really a site for investors, traders, or entreprenurs. Right now it hosts a series of users whose purpose is with an agenda: Hype a stock, hype it until it gets through the rankings, make new and possible old investors believe that they are on a journey to cash in, pump, and dump it completely.

And, I think by now I’m sure StockTwits probably knows the pattern by now. Sadly, nobody is taking action on anything.

Cryptocurrency has always remained on top of the rankings. Cryptocurrency has become a penny stock of sorts, again with the same pattern where you get people hyping the cryptocurrency, because these cryptocurrencies are still starting you can buy them at $0.001. Once it reaches a certain level, let’s say it reached $0.06 you’ll start seeing huge dumps on it dropping it back to $0.001 or a bit more.

You see a lot of people mentioning things like: “BUY THE DIP. I JUST THREW $2,000 at the dip. Just you wait, I’m feeling bullish!”

But honestly, who would throw $2,000 at something that can’t even get off the ground, let alone people pumping and dumping the stock or currency. You are better off buying a low-cost index fund or a low-cost ETF have better chances of making money with it than wait for a cryptocurrency to fully launch.

It’s all tempting that people just want to get rich quick. But is it worth it throwing all your money into virtual coins that has no real value? Maybe in the future, sure, but will you even be, or me, alive to see it off?

Bitcoin took many years to get to where it is today. Just think, calmly, on where you put your money.

And again, going back to the subject. Sites like StockTwits feels more like a scam-site would. All it takes is to misdirect new investors to keep “tuned-on on the hottest stock” just to lose their money.

Disclaimer: Of course, I am no financial advisor. This isn’t a financial advice. At the end of the day, you the individual make the decisions you have to do.

Finances, retirement, and hitting the surface of reality- Adjusting my year goals and rectifying my expenses

So, as of late there’s something that has hit me really hard and that is retirement, what’s gonna happen in 20-30 years from here for me. How is the future going to be? Etc, etc.

Now, the reason I started thinking about all this is because of what’s happening in the stock market. Anybody that keeps an eye on the news at least once a week knows that a lot went down on GME(Gamestop Corp), AMC, and the all the cannabis stock.

But that’s what hit me is finding a whole forum of people dedicated to investing, not just for retirement but also future projects and seeing how they profile themselves in the forums have made me realize that I’ve been extremely awful with my money. To the point that my savings aren’t much, but sustainable for a few months as living where I am doesn’t come with a huge living standard.

Having said all that, I’m just beating myself up at how I have poorly managed my money up to now.

I have no retirement plans besides my 401k. I just opened a brokerage account and a Roth IRA account. Where my priority is to max out my Roth IRA contributions every year I can.

Now, this means that my goals have changed from what I was initially set out to do. Which was traveling and learning a language. Now, I can leave traveling for some other time, and still apply learning a language

All in all, this has gotten me a bit angry at myself for just realizing how bad I have been at managing my finances. And to be honest it’s not that it’s awful at all. Like, I just got my own place. But I think I could have expedited a lot of things if I knew how to manage my finances earlier.

I guess, from here on now there’s a lot of challenges ahead and how to recover the initial investment lost on my new place so I can finally begin my goals for the future.