Comments on: What a Tangled Web we Weave http://urbanhonking.com/regarding/2021/01/18/what-a-tangled-web-we-weave/ Gesamtkunstblog Wed, 07 Jul 2021 19:45:09 +0000 hourly 1 By: L http://urbanhonking.com/regarding/2021/01/18/what-a-tangled-web-we-weave/#comment-100943 Tue, 26 Jan 2021 17:37:42 +0000 http://urbanhonking.com/regarding/?p=4034#comment-100943 LOL I had no idea you posted about this at the same time I did!

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By: Leander http://urbanhonking.com/regarding/2021/01/18/what-a-tangled-web-we-weave/#comment-100942 Tue, 26 Jan 2021 17:34:52 +0000 http://urbanhonking.com/regarding/?p=4034#comment-100942 A new post from Yours Truly – what a gift! This was great – thank you for sharing.

ALSO: do you remember when you had an advice column? How would you feel about giving some advice?

First off, I want to acknowledge that this is an AWESOME problem to have. Please excuse me if this sounds like I am complaining about good fortune!
So my partner and I had long discussion last night about investing in the stock market. She is a university professor, as you know. I am a freelancer with many random jobs, including some adjunct work. Through privilege, pandemic luck, a bushel of scarcity thinking, and seven years of my partner’s stable income, we’ve managed to amass a savings of $15K. We both feel safer than we ever have, feeling like if something happened to our house or medically we are finally in a place where we wouldn’t be in crazy trouble. Once we hit this savings goal, we began to aggressively pay down debts, highest interest rate first.
So that’s where we’re at. The problem is that that savings is just sitting in point zero zero zero whatever apr savings accounts and my partner feels like she is being stupid by not investing it. She doesn’t LIKE capitalism, but feels like “participating in the economy” is how life works if you want to be comfortable when you retire or if you have extra money, like literally, you are being stupid if you’re not using it at least to keep up with inflation.
I know this is SO dramatic sounding, but the thought of willingly investing in the stock market makes me feel ill. Encouraging unethical business practices, the ethos of growth, and “finding new markets,” all of it. Not to mention, I believe investing in the stock market has the power to degrade folks’ moral characters. God, it sounds so crazy to say that, but we live in trump territory and most of the people who are into him are so strictly for their retirement accounts. We’ve talked about alternatives, including peer-to-peer lending, real estate (maybe like a real estate investing co-op), and even weird (to me) shit like gold bars/coins. None of this seems as logical and straightforward as an index fund to my partner.
We have a non-optional stock market-based retirement account through my partner’s job. In the last few months, I have been randomly bequeathed stock in a utility company that my grandfather worked for. So I know that I’m already participating. My partner makes the point that we already participate by just being alive in this country and I see her point. But life is choices, right? Every day, we try to make decent choices, going to the farmer’s market, reusing things, not eating meat, whatever. I don’t know. I have the feeling I’m being a huge baby but I also having a really hard time processing the idea of willingly investing in the market system.
One last thing: we’ve agreed that we have until March 1 to come up with a compromise solution or we’ll just go for it. I’ve promised her that I’ll be fully on board, joking I’ll get myself a green tinted visor and a cute pair of suspenders for the occasion. We’ve also talked about how we’d rather not divide the savings into “hers” and “mine” and instead want to do something as a team.
Any advice for a more productive conversation around this or for just swallowing this pill?

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By: Elise http://urbanhonking.com/regarding/2021/01/18/what-a-tangled-web-we-weave/#comment-100941 Tue, 26 Jan 2021 16:58:12 +0000 http://urbanhonking.com/regarding/?p=4034#comment-100941 L. and I were literally arguing last night about whether to participate in the stock market or instead open a restaurant called 1-800-Burrito and I feel this blog entry helped clarify some things for me re: capitalizm. Thank you.

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By: Yours Truly http://urbanhonking.com/regarding/2021/01/18/what-a-tangled-web-we-weave/#comment-100931 Wed, 20 Jan 2021 15:03:08 +0000 http://urbanhonking.com/regarding/?p=4034#comment-100931 lol yes isn’t it great (2021)!!!! Everything is fine! Let me know if you read the cloth book (also known in my house as “the string book”)! BLESSINGS

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By: Kerry http://urbanhonking.com/regarding/2021/01/18/what-a-tangled-web-we-weave/#comment-100930 Wed, 20 Jan 2021 14:49:47 +0000 http://urbanhonking.com/regarding/?p=4034#comment-100930 That archaeology book sounds written specifically for me, what a rec! Also I will never be smart enough to read Marx so appreciate these summaries fiercely. Welcome to 2021, everything’s better now!

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