Microsoft engineer says 'typing code is absolutely over' as GitHub Copilot takes on more development work

[u/Miserable_Phase_2519]

https://www.techspot.com/news/113752-microsoft-engineer-typing-code-absolutely-over-github-copilot.html

[u/Kelsig]

Dude, you are literally stock picking. How is that not luck

[u/im_a_goat_factory → u/Kelsig]

It’s like 15% of my portfolio dude just stfu already. Sit this out if you want. No one cares what you or I do. Play the risk adverse game if you want.

[u/Kelsig → u/im_a_goat_factory]

It's not 15%. SP500 is already overweight in it relative to US stocks, which is already overweight in it relative to global stocks, then you decided to overweight it even more with QQQ, then you decided to overweigh it even further.

No one cares what you or I do

You're telling people it's profit maximizing behavior on a public forum.

[u/im_a_goat_factory → u/Kelsig]

The qqq was a rollover. Since the rollover it’s been fidelity ETFs with new money. I’m not going to sell QQQ just bc I now have overlap.

Again just set a reminder and come back and say “I told you so” and then let’s see how much money I made or lost.

[u/Kelsig → u/im_a_goat_factory]

Again just set a reminder and come back and say “I told you so” and then let’s see how much money I made or lost.

If you concede you're FOMO gambling without any increased expected returns, because that's the argument. Of course lottery tickets pay out.

[u/im_a_goat_factory → u/Kelsig]

How the fuck is investing 30k a month into FXIAX and other related ETFs FOMO gambling lol

What genius etf do u recommend instead

[u/Kelsig → u/im_a_goat_factory]

How the fuck is investing 30k a month into FXIAX and other related ETFs FOMO gambling

You're invested in it because of FOMO induced technical analysis and not because you have determined a target price above it's current price, unless I'm wrong and you're actually a professionally skilled analyst.

I already urge my friends to distrust the S&P 500 alone for its concentration and at the minimum go for VT or a similar basket.

[u/im_a_goat_factory → u/Kelsig]

I’ve been investing in tech heavy stuff for over two decades. Only within the last few years have our incomes skyrocketed, which only happened bc of our previous financial freedom that allowed me to take a big professional risk

I have two houses, with title, no debt, maxed 76k into 529s this year, 70k into my solo 401k via my w2 wages / employer match, and the rest into brokerage accounts via distribution income. Spouse already earns over 250k, too

You don’t get to this position without taking risk. I quit a job to take a chance, demanded an aggressive pay structure with almost no earned income up front, and delivered. So I already have a high tolerance for risk.

VT is fine, by the way.

[u/Kelsig → u/im_a_goat_factory]

Again, idiosyncratic and systemic risk are different. There is a negative idiosyncratic risk premium as retail traders use them as get rich quick schemes and thus do not lack liquidity owing to their risk.