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  • memento_mori
    memento_mori Posts: 5,656 โœญโœญโœญโœญโœญ

    @ShawnOL said:

    @OutdoorsSmoke_21191 said:

    @silvermouse said:
    2,000 years and still nobody listens...
    Matthew 26:52 ...
    "Put your sword back in its place," Jesus said to him, "for all who draw the sword will die by the sword."

    Psalm 64:3 ๐Ÿ˜‰ and many others regarding the tongue and spoken words.

    Itโ€™s challenging to try and convey emotions, feelings and internal viewpoints typed out for the intended recipient and/or the world. I have yet to see anyone change anotherโ€™s views with typed words on the internet, no matter the intent of the author.

    Not so. I thought you were normal until I read what these guys said about you.

    Far from normal my friend. ๐Ÿ˜‰

    Regarding a cigar, the pipe and the open road, go forward without hurry, learn the essence of things through frequent experiences, taking advantage of every occasion.

  • silvermouse
    silvermouse Posts: 23,707 โœญโœญโœญโœญโœญ

    My retirement savings has dropped 10% in value in the last 2 days. Thanks.

  • ForMud
    ForMud Posts: 2,476 โœญโœญโœญโœญโœญ

    @silvermouse said:
    My retirement savings has dropped 10% in value in the last 2 days. Thanks.

    You should just go to Florida for three day weekend and watch a golf tournament......That should help

  • Amos_Umwhat
    Amos_Umwhat Posts: 9,929 โœญโœญโœญโœญโœญ

    https://faculty.washington.edu/ss1110/IF/Buffett Fortune 2003 (6).pdf

    It's been getting worse in squanderville for a long time. How far down the road do we kick the can?

    "If you do not read the newspapers you're uninformed. ย If you do read the newspapers, you're misinformed." -- ย Mark Twain
  • silvermouse
    silvermouse Posts: 23,707 โœญโœญโœญโœญโœญ

    Artificial general intelligence could arrive far sooner than expected and will utterly transform human society, leading researchers argued. Google DeepMind released a report on AGI safety this week, noting that AI that outperforms humans could arrive before 2030, accelerated by AIโ€™s own improvement at automating R&D. It argued that if AIโ€™s values do not match humanityโ€™s โ€” or if the technology is misused โ€” AI could have โ€œcatastrophic outcomes.โ€ Meanwhile a former OpenAI researcher behind a prescient post in 2021 which foresaw much of AI development up to now published a major piece suggesting that superintelligence could arrive within three years, with a China-US arms race imperiling human civilization.
    https://semafor.com/s/yZ9p5AX0Q4

    https://semafor.com/s/CnxfggsTbP

  • genareddog
    genareddog Posts: 4,469 โœญโœญโœญโœญโœญ

    @silvermouse said:
    My retirement savings has dropped 10% in value in the last 2 days. Thanks.

    Try to think positive Edward, itโ€™s a great time to invest ๐Ÿ˜€

  • silvermouse
    silvermouse Posts: 23,707 โœญโœญโœญโœญโœญ

    You are probably right, @genareddog, the folks who manage my investments said the same thing. The smartest thing I ever did, financially, was put it in their hands. I am typical in that I can't entirely divorce emotions from decision-making.

  • Vision
    Vision Posts: 10,103 โœญโœญโœญโœญโœญ

    @Amos_Umwhat said:
    https://faculty.washington.edu/ss1110/IF/Buffett Fortune 2003 (6).pdf

    It's been getting worse in squanderville for a long time. How far down the road do we kick the can?

    23 years and counting just since that article was written. Change is unfortunately not on the horizon.

  • CharlieHeis
    CharlieHeis Posts: 8,995 โœญโœญโœญโœญโœญ

    @genareddog said:

    @silvermouse said:
    My retirement savings has dropped 10% in value in the last 2 days. Thanks.

    Try to think positive Edward, itโ€™s a great time to invest ๐Ÿ˜€

    This is correct. There's no reason to even look when the market drops, other than to put yourself in a bad mood.

    Six month graph:

    Now let's zoom out to five years:

    It will come back, it always does.

  • Itsfine
    Itsfine Posts: 20,670 โœญโœญโœญโœญโœญ
    edited April 5

    Couple of points for context about this.

    First, yes it will come back, but we don't know when it will come back. This disproportionately penalizes older people, especially those plan on cashing out or are currently slowly pulling out funds to live since they are retired. For many of them, there is not a 5-year Outlook.

    Secondly, I don't know that this is the time to buy. 3 weeks from now might be the time to buy. We might bleed off another 10 or 15% more before it bottoms out. The thing about downward trends is that they are volatile by nature. Volatility means that there's a portion of people who think it's the time to buy while there's a portion of people who think it's the time to sell and you get the zigzags. Not a giant problem other than companies tend to hoard cash during these times, which adds to the cycle of a recession.

    Thirdly, sharp downward trends create volatility because a week into it or a month into it or a year into it, somebody says that it's the magical time to buy. The real truth of it is that the time to buy is when it's on and upward trend because that's slow and steady and not volatile. In these burn offs, it'll go down 9% and then up 7% and then down 16% and up 28% and then down 14% and then up 17%.That is not the time to buy.

    Finally, the information is slanted by political leaning. When Democrats controlled Washington and the stocks tanked, it wasn't the time to buy then. It was the time to panic. Right?

    In short, the time to buy is when you're in your twenties and you could afford the swings and not look at the papers. Of course, most people make the least amount of money they'll ever and make while they're in their twenties.

    I am the Troll Jesus. Follow me, my children, or clutch your pearls tightly.

    @ScotchnSmoke still sux lots of large wรฉiners. And tons of small ones.ย 
  • Itsfine
    Itsfine Posts: 20,670 โœญโœญโœญโœญโœญ

    @CharlieHeis said:

    @genareddog said:

    @silvermouse said:
    My retirement savings has dropped 10% in value in the last 2 days. Thanks.

    Six month graph:

    Now let's zoom out to five years:

    It will come back, it always does.

    That really hurt people were who invested diligently and then planned to retire in 2021. Many of them had to push off retirement plans and then cash out their retirement savings for less money that they had 3 years ago, forcing them to live with a smaller overall income. It's not all roses it's all I'm saying.

    I am the Troll Jesus. Follow me, my children, or clutch your pearls tightly.

    @ScotchnSmoke still sux lots of large wรฉiners. And tons of small ones.ย 
  • silvermouse
    silvermouse Posts: 23,707 โœญโœญโœญโœญโœญ
    edited April 5

    Well put, Frank. One problem with getting elated at the market dropping, say 50% and the next year rising 50% is it takes a 100% rise from that level to end up where you started. That kind of drop, which happens in a depression sometimes, is that it takes much longer to rise back up. You are only half-way back.

  • CharlieHeis
    CharlieHeis Posts: 8,995 โœญโœญโœญโœญโœญ

    Can't make an argument with either of you. One's age definitely comes into play. I will say mine came back a lot faster than I thought it would and I hope we're all as lucky this time.

  • peter4jc
    peter4jc Posts: 18,205 โœญโœญโœญโœญโœญ

    As much as annuities get poo-poo'd, I'm glad I bought a couple of them several years ago. They're not good investments for overall account growth per se, but they both earn 6% regardless of the market and are in effect a 6% pension - guaranteed dividend every year.

    "I could've had a Mi Querida!" ย  Nick Bardis
  • genareddog
    genareddog Posts: 4,469 โœญโœญโœญโœญโœญ

    Good points. In my humble opinion, the market is a gamble. Unless you have knowledge (insider trading) buy good quality companies or funds. I like Edward have a financial advisor who through the years has done really good for me. I am not smart enough to do it by myself.

  • Amos_Umwhat
    Amos_Umwhat Posts: 9,929 โœญโœญโœญโœญโœญ
    edited April 5
    "If you do not read the newspapers you're uninformed. ย If you do read the newspapers, you're misinformed." -- ย Mark Twain
  • ShawnOL
    ShawnOL Posts: 13,648 โœญโœญโœญโœญโœญ

    That was when the Chinese weren't giving money to the dems. Now that they are, they're our best friends, right?

    Trapped in the People's Communist Republic of Massachusetts.

  • Amos_Umwhat
    Amos_Umwhat Posts: 9,929 โœญโœญโœญโœญโœญ

    @ShawnOL said:

    That was when the Chinese weren't giving money to the dems. Now that they are, they're our best friends, right?

    Also, before Nancy starting talking in her sleep and her husband magically became the single smartest financial investor in the history of the western world.

    "If you do not read the newspapers you're uninformed. ย If you do read the newspapers, you're misinformed." -- ย Mark Twain
  • Amos_Umwhat
    Amos_Umwhat Posts: 9,929 โœญโœญโœญโœญโœญ
    edited April 5

    Pete made a good point above, all this has gone on for a long time, and little or nothing has changed. At least, until now. For most of my life the two controlling parties have relied on batting back and forth the same ole tired strategies:

    1 Print more money
    2 Raise taxes
    3 Borrow money against your kids / grandkids / great grandkids futures
    4 Make sure the onus of the tax burden remains on the middle class
    5 Enrich greed head CEO's
    6 Raise taxes
    7 Print more money
    8 Lie about the other side, to make them look bad
    9 Lie about your own side, to make you look good
    10 Bullshidt the people about what you're going to do for them
    11 Terrorize the people about what the other side will do to them

    and on and on and on

    There have been very few "good guys" in Washington D.C., and those who went there with the intention of being a good guy were quickly corrupted, or sidelined, slandered, destroyed, and sent packing.

    Neither Republican nor Democrat are innocent, or generally helpful in any way.

    Just my uneducated opinion. I'm sure someone will quickly try to prove me wrong. Again.

    "If you do not read the newspapers you're uninformed. ย If you do read the newspapers, you're misinformed." -- ย Mark Twain
  • memento_mori
    memento_mori Posts: 5,656 โœญโœญโœญโœญโœญ

    B U Y N O W & buy later. Donโ€™t wait until absolute bottom unless you are future reader.

    Regarding a cigar, the pipe and the open road, go forward without hurry, learn the essence of things through frequent experiences, taking advantage of every occasion.

  • Amos_Umwhat
    Amos_Umwhat Posts: 9,929 โœญโœญโœญโœญโœญ
    edited April 6

    Flag! I win!

    ๐Ÿ˜‚๐Ÿคฃ๐Ÿ˜‚

    "If you do not read the newspapers you're uninformed. ย If you do read the newspapers, you're misinformed." -- ย Mark Twain
  • silvermouse
    silvermouse Posts: 23,707 โœญโœญโœญโœญโœญ

    Sick

    ...,.........

    An image of and quote from Harriet Tubman have been removed from a National Parks webpage about the โ€œUnderground Railroad,โ€ following several prominent changes to government websites under the Trump administration.
    ........
    The National Parks Service webpage for the โ€œUnderground Railroadโ€ used to lead with a quote from Tubman, the railroadโ€™s most famous โ€œconductorโ€, a comparison on the Wayback Machine between the webpage on January 21 and March 19 shows. Both the quote and an image of Tubman have since been removed, along with several references to โ€œenslavedโ€ people and the Fugitive Slave Act of 1850
    ........
    The webpage now leads with commemorative stamps of various civil rights leaders with text including the phrase โ€œBlack/White Cooperation.โ€ Whereas previously, the article started with a description of enslaved peoplesโ€™ efforts to free themselves and the organization of the Underground Railroad after the Fugitive Slave Act, the article now starts with two paragraphs that emphasize the โ€œAmerican ideals of liberty and freedomโ€ and do not specifically mention slavery.

    https://www.cnn.com/2025/04/06/us/national-parks-underground-railroad-harriet-tubman/index.html

  • Amos_Umwhat
    Amos_Umwhat Posts: 9,929 โœญโœญโœญโœญโœญ
    edited April 7

    ^^If that was the administration's intent it is nothing short of disgraceful. History should be taught in its entirety, and that's going to include some things that make various groups look bad, and there's no way to get around that, because what they were doing was bad. Let it be what it was.

    In a recent discussion about Jackie Robinson I heard two things that I'd never thought of, and never would have thought of.

    One was that when the orders in question were acted on, someone simply typed in something along the lines of "delete all first-african-american" into the website and many things that should have remained, had never really been ordered to be removed, were suddenly gone.

    The second was a descriptive term for what may be going on with this, oppositional compliance. It's like when a child thinks "I'll show You", and carries out an absurd interpretation of their parent's instruction.

    At any rate, put Harriet back where she belongs. I've seen those displays, and anyone who was offended by them needs to grow up and get over themselves. Same goes for anyone engaging in oppositional compliance.

    "If you do not read the newspapers you're uninformed. ย If you do read the newspapers, you're misinformed." -- ย Mark Twain
  • d_blades
    d_blades Posts: 4,592 โœญโœญโœญโœญโœญ

    Pretty soon that nasty Civil War will just fade from history.

    Don't let the wife know what you spend on guns, ammo or cigars.

  • Itsfine
    Itsfine Posts: 20,670 โœญโœญโœญโœญโœญ

    @Amos_Umwhat said:
    The second was a descriptive term for what may be going on with this, oppositional compliance. It's like when a child thinks "I'll show You", and carries out an absurd interpretation of their parent's instruction.

    I don't know about the other agencies, but Peter hegseth explicitly told all of his four-star generals that he they were not to use any of the banned words on the bandwid list. Amongst those words are the terms black, segregation, and equality, racial inequity, racism, racial equality, Men, exclusion, diversity, cultural heritage, Anti-Racism, and belong.

    Those are all words that we are not to use in the government.

    Tell me exactly how you would tell the story of the Tuskegee airmen without using any of those words. Of course they deleted the page. What else were they going to do? Of course they deleted the Jackie Robinson page. How do you tell his story?

    Never mind the fact that it is apparently grounds for firing to mention any " topics that have received widespread or critical media," topics that have received recent attention from Congress," and "topics of federal investigations."

    But yeah, opposition compliance is the real problem. โœ…

    I am the Troll Jesus. Follow me, my children, or clutch your pearls tightly.

    @ScotchnSmoke still sux lots of large wรฉiners. And tons of small ones.ย 
  • memento_mori
    memento_mori Posts: 5,656 โœญโœญโœญโœญโœญ

    Dumbest thread ever ๐Ÿค”๐Ÿ˜ฉ๐Ÿ˜ฉ

    Regarding a cigar, the pipe and the open road, go forward without hurry, learn the essence of things through frequent experiences, taking advantage of every occasion.

  • memento_mori
    memento_mori Posts: 5,656 โœญโœญโœญโœญโœญ


    Regarding a cigar, the pipe and the open road, go forward without hurry, learn the essence of things through frequent experiences, taking advantage of every occasion.

  • Amos_Umwhat
    Amos_Umwhat Posts: 9,929 โœญโœญโœญโœญโœญ

    @VegasFrank said:

    @Amos_Umwhat said:
    The second was a descriptive term for what may be going on with this, oppositional compliance. It's like when a child thinks "I'll show You", and carries out an absurd interpretation of their parent's instruction.

    I don't know about the other agencies, but Peter hegseth explicitly told all of his four-star generals that he they were not to use any of the banned words on the bandwid list. Amongst those words are the terms black, segregation, and equality, racial inequity, racism, racial equality, Men, exclusion, diversity, cultural heritage, Anti-Racism, and belong.

    Those are all words that we are not to use in the government.

    Tell me exactly how you would tell the story of the Tuskegee airmen without using any of those words. Of course they deleted the page. What else were they going to do? Of course they deleted the Jackie Robinson page. How do you tell his story?

    Never mind the fact that it is apparently grounds for firing to mention any " topics that have received widespread or critical media," topics that have received recent attention from Congress," and "topics of federal investigations."

    But yeah, opposition compliance is the real problem. โœ…

    Thank you, Frank. By carefully cherry picking portions of the post, and ignoring the overall sentiment and then assuming a disdainful demeanor you have aptly demonstrated in real time the very concepts I was discussing. This is indeed what it looks like.

    I couldn't have done it better myself.

    The message ignored, the reaction inflammatory. Perfect.

    Oppostional compliance in action.

    "If you do not read the newspapers you're uninformed. ย If you do read the newspapers, you're misinformed." -- ย Mark Twain
  • silvermouse
    silvermouse Posts: 23,707 โœญโœญโœญโœญโœญ

    looks like the health insurance industry got a little Trump perk for all their lobbying and donations, feds pay more so the industry can pay less

    health insurance stocks soar after boost to Medicare reimbursement rates

    https://www.reuters.com/business/healthcare-pharmaceuticals/health-insurance-stocks-rise-best-case-scenario-medicare-payment-rates-2025-04-08/