I would just tell them to think long term instead of focusing on the new shiny thing. Software development is still a perfectly valid skill to learn, and if your investments are in tech ETFs or mutual funds, they’ll be managed and hedged against avoid losing a significant amount of value.
If they still want to chase the shiny thing, you can’t logic them out of an illogical position. All you can do is recommend they have a fallback cushion, and only invest time/money/effort that they can afford to lose.
I would just tell them to think long term instead of focusing on the new shiny thing. Software development is still a perfectly valid skill to learn, and if your investments are in tech ETFs or mutual funds, they’ll be managed and hedged against avoid losing a significant amount of value.
If they still want to chase the shiny thing, you can’t logic them out of an illogical position. All you can do is recommend they have a fallback cushion, and only invest time/money/effort that they can afford to lose.
They’re not chasing the shiny thing. Theu just think it’s business as usual.
I’m not sure what they’d do differently, but they’d be able to make the decisions based on all the info, as opposed to what they have now.
“hedged against… Losing a significant amount of value” boy do I have bad news for you about the ETF industry.