There’s a [money diary on journal.ie](https://www.thejournal.ie/readme/how-i-spend-my-money-59-5706541-Jun2022/).

The guy is frugal and is investing in stocks during the recent downturn.

He’s getting a lot of shit for it.

Usual comments about it being gambling etc.

I’m aware that he should be maxing out his pension before making any additional investments, but the criticism is OTT.

8 comments

  1. I invest in crypto and stock, it is a gamble but agree 100% people OTT in criticism.

    Like I invest what I can afford to go 0 tomorrow

    But I invest smart, do research and invest only in companies and coins that I believe in.

  3. I work, save and invest every spare penny I can, been doing this since I was 21 and don’t plan to stop.

    I’m down quite a bit currently but not phased what so ever, if I hit 30/35 and it was wiped to zero It wouldn’t be the end of the world, I have a good enough job and income that I can start from scratch anyways and have a fairly decent life

    To me the risk is absolutely worth the potential gains, I’ve zero debit responsibilities and my hobbies don’t cost much

    It’ll either completely change my life or I’ll go on to have a fairly normal life and I’m happy with both

    To add to that my family don’t know this and my friends think I’m absolutely insane

  4. From the sound of it, he’s not investing, he’s day-trading shares on a retail brokerage account, which is basically is just gambling. Effectively he’s competing for gains against huge financial firms who have invested millions in high-frequency trading algorithms and in rack space that’s as physically close to the actual exchanges as possible because *the speed of light* is literally a limiting factor in their process.

  6. Stocks are riskier than a bank, but that risk includes the chance of returns, having my money sitting in the bank being corroded by record inflation isn’t appealing to me.

  7. I like investing, but the Capital Gains Tax is just daylight robbery. Despite making it big on Ethereum a while back it was hoovered up by CGT. May as well have just done a savings account plan. But the journal isn’t a great source of accurate commentary. There was a broker on there giving his opinion on [gamestop](https://www.thejournal.ie/readme/column-gamestop-financial-transactions-tax-victor-duggan-5346346-Feb2021/) and it came off really bad with scathing comments going the other way, and being critical of Irelands lack of encouragement for investing. You will see both sides of the argument on there depending on the article.

  8. This guy is getting lambasted because he comes off as a complete dose. Mouthing off about saving for his future, but no monthly savings, no pension. Lives at home but barely contribute.
    Sounds more like a spoilt child who read too much r/wallstreetbets

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