> Star Path is an AI guide that uses your astrology birth chart to help you understand what you're feeling, what it's happening, and what to do next. [...]
> My take on astrology is that it's a framework that some people can use to live a better life, and it's worked: many of our users thank us for helping repair their relationships, catapult their businesses, or just feel better about who they are.
In case you're interesting in following this advice and want to dig into the author's credibility and credentials.
Nevertheless, IMO the placebo effect is still an effect.
I sat with this for a bit, and I was going to ignore this, but my wife's honor is on the line, so I just can't.
Frankly, whatever attempt at ad hominem here is uncalled for, and not befitting for HN.
My wife built a product over two years ago and hit a massive need after over a year of crawling over broken glass. I had recently left my previous startup and was going to take a break. But she needed my help. There was one week where ChatGPT's custom GPTs had terrible uptime, so she asked me to built an actual web app. And that's how I was recruited.
I was skeptical at first, given I don't believe in astrology, but I believe in the results. Not a week goes by that a user doesn't reach out to us to let us know that Star Path has had a massively positive impact on their life. Star Path has saved marriages, helped users gain the confidence to start the career they've always wanted, and more.
I also studied applied math and economics at Yale (where I met my wife, actually!), and have been investing and building software for 20 years, as both a founder and engineer.
Anyways, I'd love to keep the conversation and debate focused on the points I made, and not whatever preconceptions you might have re: astrology. Thanks.
Now, your turn: how is the startup I'm building relevant to the conversation?
The people I know who pay attention to AI and finance, including both bulls and bears, near-unanimously agreed that AI would cause interest rates to go up.
Example: "AGI and the EMH: markets are not expecting aligned or unaligned AI in the next 30 years" [1] – their argument (written in 2023) is that if the market expects AGI soon, then interest rates should be high.
[1] https://www.lesswrong.com/posts/ngpC5PFAgxHJMhicM/agi-and-th...
Percent range | 2026 | 2027 | 2028 | Longer run
| March June | March June | March June | March June
--------------+------------+------------+------------+-----------
2.13-2.37 | | | |
2.38-2.62 | | 1 | |
2.63-2.87 | 1 | 1 | 2 | 2
2.88-3.12 | 2 | 3 1 | 3 1 | 7 9
3.13-3.37 | 2 | 6 4 | 7 6 | 4 3
3.38-3.62 | 7 1 | 4 3 | 3 2 | 3 3
3.63-3.87 | 7 8 | 3 2 | 3 5 | 2 2
3.88-4.12 | 3 | 1 5 | 1 3 | 1 1
4.13-4.37 | 5 | 2 | |
4.38-4.62 | 1 | 1 | |
[1]: "Figure 3.E. Distribution of participants' judgments of the midpoint of the appropriate target range for the federal funds rate or the appropriate target level for the federal funds rate, 2026–28 and over the longer run"https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20...
[update] And how does the selling affect your tax liability (of course it does)
A bulk of my retirement (and non-retirement) account is in S&P500 index funds, along with other, tech-heavy investments (VGT, AAPL, GOOG, some NVDA, BRKB, etc). Every time I've diversified (whether on emerging markets or FTSE or elsewhere), I've "lost", so to say, compared to the S&P500 (and tech, of course).
Which is why the bigger question above ^^ is top of mind.
I dont have any great answers myself :-/ Just hoping to hear different perspectives.
Thanks
High inflation and and high interest rates with debt this high means that eventually the Fed will print (IMHO).
Even if fab capacity deals are canceled due to overleverage or funky accounting, I am gambling that the capacity will find a new buyer. Maybe by making DDR5 I can get as a consumer.
It looks like this article author thinks similarly.
Anyway, good luck to all. Bottom line, it's all guess and hope.
There could be a 15% market dip tomorrow and your investments would still be positive from a year ago.
There could be a 30% dip (among the top 5-7 market crashes in history) and you'd be set back less than 2 years.
Everything being said about the economy today was also true last year and the year before that, but holding was still the best decision. Unless you are retiring in the short term (in which case you shouldn't be so deep in the stock market anyways) panic selling is always a terrible move.
It’s totally reasonable to say “I think I am too exposed to US large cap companies, I’d rather take my gains now and diversify more to international and mid and small cap.”
He doesn’t say what he’s reinvesting in - or whether he’s still exposed to large cap companies through something like VT.
I reinvested all proceeds into long-term zero coupon U.S. treasuries.
I do think that cash, savings accounts, and even CDs are a scam.
This is not panic selling. This is someone who has done their own analysis and determined the situation does not look sustainable and it's time to get out.