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FrozenVent posted:uh the money in a hedge fund is also subject to inflation also the bank isn't charging you inflation the idea is that the hedge fund gives returns that offset inflation and the current account doesnt
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Dec 14, 2014 20:41
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Pinterest Mom posted:if you keep money in the bank and earn 0.5% nominal interest, but inflation is 2%, you're effectively being charged ~1.5%. gonna be pedantic and point out that you're not being 'charged' ~1.5%
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Dec 14, 2014 20:44
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yeah it's being stolen from you
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Dec 14, 2014 20:45
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end the fed, gas all banksters
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Dec 14, 2014 20:45
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Necc0 posted:gonna be pedantic and point out that you're not being 'charged' ~1.5% the word "effectively" is pulling a lot of weight in that sentence
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Dec 14, 2014 20:47
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Condiv posted:yeah it's being stolen from you Forums Terrorist posted:end the fed, gas all banksters this but also yourself
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Dec 14, 2014 20:47
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Pinterest Mom posted:the word "effectively" is pulling a lot of weight in that sentence an adverb doesn't change reality the bank isn't charging you poo poo, your money is losing value pretty different thing
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Dec 14, 2014 20:50
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FrozenVent posted:an adverb doesn't change reality  you deposit 100$ your bank buys a 100$ TIPS after a year, you have 98.5$ in real terms and your bank has 100.1$ you can semantically disagree that you're being "charged" the difference, but i don't know that it's a useful distinction to make. it's money you lost because you left your money in a bank account rather than putting it literally anywhere else
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Dec 14, 2014 20:53
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you lose that money no mater where you put it. mattress, bank account, hedge fund, blueberry futures some investment returns more than inflations. this is independent of the fact that your money inflate by assigning the inflation to the bank account, instead of to the money in the bank account, you sound like a bitcoiner. also you're not making a fair comparison because the hedge fund charges 2% but is ALSO subject to inflation so by your calculation the hedge fund charges 3.7% if you get a return higher than that, whoopee. if you don't you're still getting charged
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Dec 14, 2014 20:58
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Pinterest Mom posted:if you keep money in the bank and earn 0.5% nominal interest, but inflation is 2%, you're effectively being charged ~1.5%. way to be a pendant
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Dec 14, 2014 20:59
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i lust for the day that inflation is 10%
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Dec 14, 2014 21:00
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FrozenVent posted:uh the money in a hedge fund is also subject to inflation also the bank isn't charging you inflation the effective costs of a savings account are now comparable to the historical costs of very expensive active managers and that is bullshit
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Dec 14, 2014 21:06
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FrozenVent posted:you lose that money no mater where you put it. mattress, bank account, hedge fund, blueberry futures do you know that: bsd and i are different posters, making similar but not identical arguments? i'm trying to make the narrow point that you should see inflation as a charge when there are alternative investments available that protect you from inflation.
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Dec 14, 2014 21:09
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0% interest and 1.7% inflation is a really lovely, messed up spread i'm sorry i mentioned hedge funds at all
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Dec 14, 2014 21:11
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FrozenVent posted:you lose that money no mater where you put it. mattress, bank account, hedge fund, blueberry futures the mattress thing is really important if interest rates were 5%, but inflation was 6.7%, the spread on a savings account would be (about) the same, but you would be crazy to keep your money in a mattress. when interest rates are 0%, but inflation is 1.7%, you might as well use a mattress or a safe in the wall who the gently caress cares what are money market accounts even good for
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Dec 14, 2014 21:15
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i hold a diversified portfolio. half in bitcoins and half in uber stock, bought with credit card debt
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Dec 14, 2014 21:17
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Pinterest Mom posted:
banks have crazy access to liquidity right now so in all likelihood they aren't doing jack poo poo with your money or are making a negligible amount
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Dec 14, 2014 21:21
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Necc0 posted:banks have crazy access to liquidity right now so in all likelihood they aren't doing jack poo poo with your money or are making a negligible amount yes: they're buying hundreds of billions in treasuries. 1.99 trillion as of october yields are pretty poo poo on those assets. so they have to pay out even lower interest on time deposits than they receive from treasuries or tips
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Dec 14, 2014 21:25
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plus they're not allowed to be complete bastards with fees and 'helpful' accounting to gently caress over account holders so why even bother at this point
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Dec 14, 2014 21:30
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just pay born on a buy you fucked around with this message at 21:33 on Dec 14, 2014 |
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Dec 14, 2014 21:31
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born on a buy you posted:just pay yeah pay me
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Dec 14, 2014 22:11
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Nintendo Kid posted:The Apple Newton existed and was actually decent for book reading. Yeah that was one of the things the Newton was actually great for. I read a whole lot of OCR'd text files of books on one of these bad boys: 
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Dec 14, 2014 22:31
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Anyone else lust after Japanese market only Toshiba Librettos back when they were basically the only netbook size option (before netbooks were a thing and when that form factor was the subnotebook or whatever)?
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Dec 14, 2014 22:32
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no but if someone goes to japan & brings me an european-voltage zojirushi rice cooker youll be my hero forever
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Dec 14, 2014 22:34
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super nailgun posted:Anyone else lust after Japanese market only Toshiba Librettos back when they were basically the only netbook size option (before netbooks were a thing and when that form factor was the subnotebook or whatever)? same, but sony sadly none of the .jp-market stuff ever ran linux or freebsd worth a drat
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Dec 14, 2014 22:35
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i like the part of the thread where people said that laptops werent portable
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Dec 14, 2014 22:39
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Notorious b.s.d. posted:same, but sony Ah yeah, Sony made some nice poo poo too. Was way out of my price range back then though.
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Dec 14, 2014 22:45
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poty posted:no but if someone goes to japan & brings me an european-voltage zojirushi rice cooker youll be my hero forever aren't they 100-240 anyways so just buy a plug adaptor
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Dec 14, 2014 22:48
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theyre not
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Dec 14, 2014 22:53
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duTrieux. posted:i've directed that my company-matched 401(k) fund is invested with maximum risk because, you know, bubble. probably going to reconfigure that come the new year. hope you're young enough to lose your entire 401k in the event that the bubble pops earlier than you suspect. that's the thing about bubbles - a lot of people realize they're bubbles but still go all-in maximum-risk anyway because they think they'll have some way of knowing when to pull out before it pops
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Dec 14, 2014 23:02
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super nailgun posted:Anyone else lust after Japanese market only Toshiba Librettos back when they were basically the only netbook size option (before netbooks were a thing and when that form factor was the subnotebook or whatever)? no, because my grandma gave me a Sony Vaio ultraportable.
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Dec 14, 2014 23:24
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Main Paineframe posted:hope you're young enough to lose your entire 401k in the event that the bubble pops earlier than you suspect. that's the thing about bubbles - a lot of people realize they're bubbles but still go all-in maximum-risk anyway because they think they'll have some way of knowing when to pull out before it pops these sort of people were created in the same way
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Dec 14, 2014 23:24
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EMILY BLUNTS posted:i like the part of the thread where people said that laptops werent portable there was a time when laptops came with built-in printers because they were so loving huge that why not
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Dec 14, 2014 23:30
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unless you had a GRiD or an alienware or that one acer desktop replacement monstrosity with a fukken P4 in it most laptops were quite portable
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Dec 14, 2014 23:35
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LCD technology was hideous for a very long time tho yes
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Dec 14, 2014 23:36
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bassguitarhero posted:there was a time when laptops came with built-in printers because they were so loving huge that why not please don't confuse portable/luggable computers for laptops EMILY BLUNTS posted:unless you had a GRiD or an alienware or that one acer desktop replacement monstrosity with a fukken P4 in it most laptops were quite portable this. laptop bag sizes have barely changed over the years, we mostly just lost an inch of thickness or so. but since nobody walks around holding the things gripped by their side to begin with it didn't really matter.
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Dec 14, 2014 23:42
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EMILY BLUNTS posted:i like the part of the thread where people said that laptops werent portable http://www.cs.cuw.edu/museum/ibmps2p70.html quote:The "P" in P70 stood for portable, but the machine was usually called the "luggable" because of its weight (about 20 lbs). I actually have one of these in my garage that I got from my father. I should see if it still boots. Edit: I confused luggable for laptop 
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Dec 15, 2014 00:33
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EMILY BLUNTS posted:i like the part of the thread where people said that laptops werent portable not portable enough to just carry around wherever you went and flip 'em open whenever you wanted to read a book, that's for sure. old laptops used to weigh a lot more and have maybe a third of the battery life. and even modern laptops turned out to be non-optimal for book-reading compared to purpose-built devices
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Dec 15, 2014 00:51
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Main Paineframe posted:not portable enough to just carry around wherever you went and flip 'em open whenever you wanted to read a book, that's for sure. old laptops used to weigh a lot more and have maybe a third of the battery life. and even modern laptops turned out to be non-optimal for book-reading compared to purpose-built devices well in those days there were already carry everywhere devices that oyu could read books on. it was an insanely pouplar use of newtons, palm pilots and other such devices, let alone the purpose built ereaders that starte dup in the mid-late 90s. most of them actually worked quite well, their biggest problem was: 1) lack of and expense of the ebooks legally and 2) lack of good pirate copies and easy ways to get them
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Dec 15, 2014 01:03
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Main Paineframe posted:hope you're young enough to lose your entire 401k in the event that the bubble pops earlier than you suspect. that's the thing about bubbles - a lot of people realize they're bubbles but still go all-in maximum-risk anyway because they think they'll have some way of knowing when to pull out before it pops this should probably be your cue to pull out
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Dec 15, 2014 01:14
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