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Honestly the stock market seems like it's just a casino for the rich that is funded by money from our pockets, also imaginary money that seems to be created and destroyed depending on the time of the day
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Aug 15, 2019 17:09
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Hot Karl Marx posted:Honestly the stock market seems like it's just a casino for the rich that is funded by money from our pockets, also imaginary money that seems to be created and destroyed depending on the time of the day Just saw that my monthly automatic Roth contribution went in, excited to throw more money at the altar of the market
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Aug 15, 2019 17:12
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Hot Karl Marx posted:Honestly the stock market seems like it's just a casino for the rich that is funded by money from our pockets, also imaginary money that seems to be created and destroyed depending on the time of the day Thats exactly what it is.
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Aug 15, 2019 17:13
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Proud Christian Mom posted:Its because the media desperately wants to get back into his good graces so they can continue having dinners with war criminals Also because the media corporations make more money by selling the narrative that everything is fine and normal and not on fire.
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Aug 15, 2019 17:15
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Proud Christian Mom posted:Thats exactly what it is. Yup. Also it is another argument to tax capital gains as income. The stock market is nothing but gambling and shouldn't be treated any different than other gambling winnings. If I make a wager that takes more than a year to come to fruition, it shouldn't suddenly be taxed at less than half the rate it would have if I had just earned the money via regular compensation.
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Aug 15, 2019 17:17
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The stock market is both the least important and the most important thing depending on where you are in your life. I have to calm my mom down on a regular basis when her portfolio takes a hit because it's all she has and the total value of her portfolio determines how much money she can spend per month. She's terrified of running out of money before she dies and having to depend on me to support her. Considering she's 71 and in excellent health and my grandma is 96 and still kickin' it's a valid concern. It's all money from my dad's life insurance payout + her selling her house and downsizing so it's nowhere near enough to do things like hedging. In the meantime I haven't even glanced at my 401k since I got one almost 5 years ago. It doesn't matter to me right now and managing it doesn't change anything in a significant enough way. I probably have a lot in there just considering the raw percent of my salary + employer match, I don't know and I don't care.
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Aug 15, 2019 17:17
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Plastic_Gargoyle posted:Apartheid, sure, but "illegal"? Israel has basically spent decades trying to outlaw Palestine, how is their government any more legitimate? The lines in the sand are all hosed up colonial borders anyways.
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Aug 15, 2019 17:25
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Mr. Nice! posted:Yup. Also it is another argument to tax capital gains as income. The stock market is nothing but gambling and shouldn't be treated any different than other gambling winnings. If I make a wager that takes more than a year to come to fruition, it shouldn't suddenly be taxed at less than half the rate it would have if I had just earned the money via regular compensation. Yeah I think the secondary market specifically should be taxed as income. The primary market does add value through allowing companies to raise money, guy the secondary market basically does nothing except allow people to place bets.
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Aug 15, 2019 17:26
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Vasudus posted:The stock market is both the least important and the most important thing depending on where you are in your life. Aren’t olds always advised to take their money out of stocks and put them into more stable investments?
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Aug 15, 2019 17:27
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Mr. Nice! posted:Yup. Also it is another argument to tax capital gains as income. The stock market is nothing but gambling and shouldn't be treated any different than other gambling winnings. If I make a wager that takes more than a year to come to fruition, it shouldn't suddenly be taxed at less than half the rate it would have if I had just earned the money via regular compensation. its gambling but with the house edge at 5-7% in your favor. Servicing that 5-7% for the last 100 years has and will continue to destroy all current ecosystems on earth. Basically what casinos did to Atlantic City but globally.
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Aug 15, 2019 17:28
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Fallom posted:Aren’t olds always advised to take their money out of stocks and put them into more stable investments? It's almost entirely in low-risk, stable things like index funds and such rather than individual stocks. But if the whole market takes a poo poo then it gets hit enough to radically alter her spending.
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Aug 15, 2019 17:34
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psydude posted:Yeah I think the secondary market specifically should be taxed as income. The primary market does add value through allowing companies to raise money, guy the secondary market basically does nothing except allow people to place bets. It doesn't matter if it adds value to the company or not - it is still gambling and should be taxed as regular income. The special treatment of capital gains is on of the biggest drains on our economy and is nothing more than a massive handout to the wealthiest among us.
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Aug 15, 2019 17:34
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$1.1 trillion dollars was spent on stock buybacks last year.
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Aug 15, 2019 17:35
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Proud Christian Mom posted:$1.1 trillion dollars was spent on stock buybacks last year.
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Aug 15, 2019 17:54
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Vasudus posted:It's almost entirely in low-risk, stable things like index funds and such rather than individual stocks. But if the whole market takes a poo poo then it gets hit enough to radically alter her spending. They usually mean stuff like CDs when they talk about low risk investments, not index funds. That’s assuming you make it to retirement age with a comfortable amount to cash out on, though, and aren’t dependent on an 8%+ return to stay alive. Tiny Timbs fucked around with this message at 17:58 on Aug 15, 2019 |
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Aug 15, 2019 17:55
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Union-Chat: https://nypost.com/2019/08/13/nypd-union-boss-sent-members-overtly-racist-video-in-email/ quote:The NYPD sergeants’ union urged members to “pay close attention to every word” of an overtly racist video that the group shared over the weekend — in which an unidentified narrator bemoans “Section 8 scam artists and welfare queens” — before quickly deleting it, The Post has learned. This union dude seems pretty bad. (USER WAS PUT ON PROBATION FOR THIS POST)
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Aug 15, 2019 18:03
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Fallom posted:They usually mean stuff like CDs when they talk about low risk investments, not index funds. That’s assuming you make it to retirement age with a comfortable amount to cash out on, though, and aren’t dependent on an 8%+ return to stay alive. Yeah I don't know what her portfolio breakdown is proper. I should look next time I'm over there. She does have an asset manager so I'm assuming they're not total morons.
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Aug 15, 2019 18:04
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mlmp08 posted:Union-Chat: nOt ALl pIGs (USER WAS PUT ON PROBATION FOR THIS POST) (USER WAS PUT ON PROBATION FOR THIS POST)
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Aug 15, 2019 18:06
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Vasudus posted:Yeah I don't know what her portfolio breakdown is proper. I should look next time I'm over there. She does have an asset manager so I'm assuming they're not total morons. In my casual perusing of financial advice stuff over the years the prevailing opinion seems to be that asset managers are sharks and rarely worth their fee. It might be worth shopping around for a new one that isn’t going to leave her in a state where her quality of life is tied so directly to the market.
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Aug 15, 2019 18:07
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Vasudus posted:Yeah I don't know what her portfolio breakdown is proper. I should look next time I'm over there. She does have an asset manager so I'm assuming they're not total morons. It's also not an all or nothing deal. The longer your outlook the more you should have in stocks, the more you need stable income the more you should have in less risky assets. For most people this means a gradual shift as they approach retirement age and then during retirement - as you've noted, she could easily have 25 years left and leaving the potential gains from stocks off the table in that timespan is historically a losing move. But by 71 her portfolio should definitely be substantially in fixed income and other lower risk holdings. And if the day to day swings of the market are having any impact on her, the portfolio is poorly put together or she is stressing herself out. Or possibly both. To the other point, the asset manager can absolutely be a total moron. And a self-serving moron if you're especially unlucky.
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Aug 15, 2019 18:15
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She's definitely stressing herself out more than anything. Because that's what my mom does, with everything in the universe.
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Aug 15, 2019 18:19
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Chichevache posted:Huh. Your states are loving weird. His description matches my recollection from taking courts and sentencing but that was years ago so YMMV. Relatedly I think I remember someone mentioning yesterday I was a lawyer and I never got around to correcting that I'm not. I have studied a bunch of law (specifically criminal law) because I was on that track on undergrad before I changed majors and from personal interest but I'm not actually a lawyer. I mean I've got more criminal law coursework then most lawyers and I've "passed" the criminal law section of a practice MA Bar exam, but I don't want to misrepresent myself as a practicing attorney. As a side note most attorneys don't know poo poo about criminal law and only crammed enough of the subject to get through the Bar. It used to be you could graduate law school with a 1L Crim Pro class as your only criminal law study, now that's not even a requirement anymore.
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Aug 15, 2019 18:24
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The police union is all about protecting the ruling class and that's it. gently caress them (This is as far as I'm going down this route) Edit: Recession is a made up word to make trump look bad https://twitter.com/realDonaldTrump...ingawful.com%2F Hot Karl Marx fucked around with this message at 18:30 on Aug 15, 2019 |
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Aug 15, 2019 18:27
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mlmp08 posted:Union-Chat: Heres what i dont get about the thin blue line, does the rope care what color it is as long as theres a cop swinging from it its done its job right? (USER WAS PUT ON PROBATION FOR THIS POST)
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Aug 15, 2019 18:31
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 (USER WAS PUT ON PROBATION FOR THIS POST)
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Aug 15, 2019 18:37
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If you fill in the blue to the bottom the flag is a graph of the percentage of cops who beat their spouses. (USER WAS PUT ON PROBATION FOR THIS POST)
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Aug 15, 2019 18:45
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Jarmak posted:His description matches my recollection from taking courts and sentencing but that was years ago so YMMV. For some reason I thought you were one of our jags. Nevermind then.
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Aug 15, 2019 18:51
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Donald Trump is a colossal loving moron.
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Aug 15, 2019 19:46
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I would like to lower Donald Trump head first into a vat of pig poo poo via some sort of Rube Goldberg contraption.
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Aug 15, 2019 19:47
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every time I see one of his tweets i think of thisquote:EVERY MORNING I WAKE UP AND OPEN PALM SLAM A VHS INTO THE SLOT. ITS CHRONICLES OF RIDDICK AND RIGHT THEN AND THERE I START DOING THE MOVES ALONGSIDE WITH THE MAIN CHARACTER, RIDDICK. I DO EVERY MOVE AND I DO EVERY MOVE HARD. MAKIN WHOOSHING SOUNDS WHEN I SLAM DOWN SOME NECRO BASTARDS OR EVEN WHEN I MESS UP TECHNIQUE. NOT MANY CAN SAY THEY ESCAPED THE GALAXY’S MOST DANGEROUS PRISON. I CAN. I SAY IT AND I SAY IT OUTLOUD EVERYDAY TO PEOPLE IN MY COLLEGE CLASS AND ALL THEY DO IS PROVE PEOPLE IN COLLEGE CLASS CAN STILL BE IMMATURE JERKS. AND IVE LEARNED ALL THE LINES AND IVE LEARNED HOW TO MAKE MYSELF AND MY APARTMENT LESS LONELY BY SHOUTING EM ALL. 2 HOURS INCLUDING WIND DOWN EVERY MORNing except not as cool and much more racist
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Aug 15, 2019 19:52
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EBB posted:Israel has basically spent decades trying to outlaw Palestine, how is their government any more legitimate? They have an army that usually wins.
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Aug 15, 2019 19:57
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So how does the anti BDS thing work? If I want to go to Israel do I have show a receipt for a soda stream?
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Aug 15, 2019 20:01
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https://twitter.com/nprpolitics/sta...ingawful.com%2F NPR is owned or funded by the Koch's now right?
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Aug 15, 2019 20:40
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Funded, yes, not owned.
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Aug 15, 2019 21:05
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https://twitter.com/popehat/status/1161860424469377024?s=21
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Aug 15, 2019 21:05
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Hot Karl Marx posted:https://twitter.com/nprpolitics/sta...ingawful.com%2F Unless the point of that article is that he technically isn't because he is too dementia addled to be held responsible then yeah it's probably Koch funded.
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Aug 15, 2019 21:06
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Stravag posted:Heres what i dont get about the thin blue line, does the rope care what color it is as long as theres a cop swinging from it its done its job right? guys I appreciate acab and gently caress the police as much as the next guy but this is kinda pushing it ok.
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Aug 15, 2019 21:21
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mlmp08 posted:Union-Chat: He is completely unhinged. However, he's gone to bat for several sergeants who have sued the department and kept them from getting fired, most notably Edwin Raymond. So union good, Mullins insane. (USER WAS PUT ON PROBATION FOR THIS POST)
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Aug 15, 2019 21:24
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Ah gently caress, detainment thread, right? See everyone ont hebother side.
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Aug 15, 2019 21:25
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Smiling Jack posted:guys I appreciate acab and gently caress the police as much as the next guy but this is kinda pushing it ok. Yeah, that's a pretty gross thing to post.
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Aug 15, 2019 21:27
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