@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 😉 and many others regarding the tongue and spoken words.
It’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 another’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.
It's been getting worse in squanderville for a long time. How far down the road do we kick the can?
WARNING: The above post may contain thoughts or ideas known to the State of Caliphornia to cause seething rage, confusion, distemper, nausea, perspiration, sphincter release, or cranial implosion to persons who implicitly trust only one news source, or find themselves at either the left or right political extreme. Proceed at your own risk.
"If you do not read the newspapers you're uninformed. If you do read the newspapers, you're misinformed." -- Mark Twain
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 AI’s own improvement at automating R&D. It argued that if AI’s values do not match humanity’s — or if the technology is misused — AI could have “catastrophic outcomes.” 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
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.
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.
Disclaimer: All trolling is provided for the sole entertainment purposes of the author only. Readers may find entertainment and hard core truths, but none are intended. Any resulting damaged feelings or arse chapping of the reader are the sole responsibility of the reader, to include, but not limited to: crying, anger, revenge pørn, and abandonment or deletion of ccom accounts. Offer void in Utah because Utah is terrible.
@ScotchnSmoke sux lots of large wéiners. And tons of small ones.
@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.
Disclaimer: All trolling is provided for the sole entertainment purposes of the author only. Readers may find entertainment and hard core truths, but none are intended. Any resulting damaged feelings or arse chapping of the reader are the sole responsibility of the reader, to include, but not limited to: crying, anger, revenge pørn, and abandonment or deletion of ccom accounts. Offer void in Utah because Utah is terrible.
@ScotchnSmoke sux lots of large wéiners. And tons of small ones.
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.
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.
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.
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.
One for the Democrats, I guess it's true, what goes around comes around
WARNING: The above post may contain thoughts or ideas known to the State of Caliphornia to cause seething rage, confusion, distemper, nausea, perspiration, sphincter release, or cranial implosion to persons who implicitly trust only one news source, or find themselves at either the left or right political extreme. Proceed at your own risk.
"If you do not read the newspapers you're uninformed. If you do read the newspapers, you're misinformed." -- Mark Twain
One for the Democrats, I guess it's true, what goes around comes around
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.
WARNING: The above post may contain thoughts or ideas known to the State of Caliphornia to cause seething rage, confusion, distemper, nausea, perspiration, sphincter release, or cranial implosion to persons who implicitly trust only one news source, or find themselves at either the left or right political extreme. Proceed at your own risk.
"If you do not read the newspapers you're uninformed. If you do read the newspapers, you're misinformed." -- Mark Twain
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.
WARNING: The above post may contain thoughts or ideas known to the State of Caliphornia to cause seething rage, confusion, distemper, nausea, perspiration, sphincter release, or cranial implosion to persons who implicitly trust only one news source, or find themselves at either the left or right political extreme. Proceed at your own risk.
"If you do not read the newspapers you're uninformed. If you do read the newspapers, you're misinformed." -- Mark Twain
Comments
Far from normal my friend. 😉
A good cigar and whiskey solve most problems.
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
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. If you do read the newspapers, you're misinformed." -- Mark Twain
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 AI’s own improvement at automating R&D. It argued that if AI’s values do not match humanity’s — or if the technology is misused — AI could have “catastrophic outcomes.” 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
Try to think positive Edward, it’s a great time to invest 😀
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.
23 years and counting just since that article was written. Change is unfortunately not on the horizon.
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.
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.
@ScotchnSmoke sux lots of large wéiners. And tons of small ones.
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.
@ScotchnSmoke sux lots of large wéiners. And tons of small ones.
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.
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.
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.
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.
https://www.foxnews.com/media/flashback-30-years-ago-nancy-pelosi-demanded-congress-confront-chinese-tariffs-american-goods
One for the Democrats, I guess it's true, what goes around comes around
"If you do not read the newspapers you're uninformed. If you do read the newspapers, you're misinformed." -- Mark Twain
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.
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. If you do read the newspapers, you're misinformed." -- Mark Twain
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. If you do read the newspapers, you're misinformed." -- Mark Twain
B U Y N O W & buy later. Don’t wait until absolute bottom unless you are future reader.
A good cigar and whiskey solve most problems.