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.
“hedged against… Losing a significant amount of value” boy do I have bad news for you about the ETF industry.