Does the rule that you should get out of the stock market when random people tell you stocks are sure to go up apply
in reverse?
If so, this is a pretty encouraging sign.
Rethinking 'Fuck You' money
41–50 of 172 posts
Re: Rethinking 'Fuck You' money
#42The first 3/4 of this article is fucking terrifying .
Guess George Foreman is going to give you the thumbs down once he looks you over. [see longshoreman comment above ]
Re: Rethinking 'Fuck You' money
#43A couple of folks are tossing in that you can get 2-4% returns nowadays. Here's the historical rate of inflation (scroll down for the recent years):
http://www.usinflationcalculator.com/inflation/historical-in...
Looks like about 2-4%. :-(
Re: Rethinking 'Fuck You' money
#44Earlier quoted context omitted.
Berlin is pretty social ;)
I concur. Not known for being super cheap I'd imagine though.
Actually it is. During the cold war it was split between East and West, and when it got reunited there was a lot of cheap condos, stores, etc. in the East, and lots of entrepreneurial Germans in the West.
The combination is a cheap city full of life. If you have the chance you should definitely go check it out.
Re: Rethinking 'Fuck You' money
#45The first 3/4 of this article is fucking terrifying .
If you are not fucking terrified at the moment you're not paying attention.
Why don't you just put your money in a global index fund instead? No one forces you Americans to invest your savings in your own country..in fact, that seems like a pretty bad idea in the first place, since this means that when the economy is bad and it is hard to find jobs is the same time it is a very bad idea to take money out of your investments.
Seems pretty obvious to me that the American economy as a whole has so much shenanigans going on that investing broadly in it is a bad idea. Is it really that hard to move your money to a foreign currency`
Re: Rethinking 'Fuck You' money
#46Earlier quoted context omitted.
I concur. Not known for being super cheap I'd imagine though.
Actually it is. During the cold war it was split between East and West, and when it got reunited there was a lot of cheap condos, stores, etc. in the East, and lots of entrepreneurial Germans in the West. The combination is a cheap city full of life. If you have the chance you should definitely go check it out.
Cool, thanks for the tip. I definitely want to do a German beer tour at some point.
Just out of curiosity, how cheap would you say it is? Any crime issues?
Re: Rethinking 'Fuck You' money
#478% ROI is unrealistic, but a 2-4% is certainly possible especially with municipal bonds and insurance annuities. The former are also exempt from federal taxes, state taxes (if you live in the same state) and even local taxes (if you live in the same city). Both have guarantees against inflation (at the cost of lower yield) . Nonetheless, I do think the is somewhat overrated. If I had fuck you money, I'd... write code…
8% ROI is unrealistic, but a 2-4% is certainly possible especially with municipal bonds and insurance annuities.
Amusingly, municipal bonds are in the top 4 likely candidates for our next set of major financial problems. The others are default on consumer ARM mortgages, debt on commercial real estate, and repayment on private equity. Interestingly, the largest class of investors in private equity funds this time around are government pension funds, which will just compound the risks for the munis. (The last time there was a bubble the investors were Savings and Loans institutions, the result was the S&L crisis of the late 80s/early 90s.)
Re: Rethinking 'Fuck You' money
#48Does the rule that you should get out of the stock market when random people tell you stocks are sure to go up apply in reverse? If so, this is a pretty encouraging sign.
Isn't that what managers who buy undervalued stock do? Finding a stock everyone thinks is not going to do well (or much better), and buy a controlling stack of it.
Re: Rethinking 'Fuck You' money
#49Does the rule that you should get out of the stock market when random people tell you stocks are sure to go up apply in reverse? If so, this is a pretty encouraging sign.
Probably better to wait until people consider you weird for your investment thesis.
Re: Rethinking 'Fuck You' money
#50Does the rule that you should get out of the stock market when random people tell you stocks are sure to go up apply in reverse? If so, this is a pretty encouraging sign.
Not when we're in a great worldwide depression. When the US baby boomers, the world's biggest/baddest consumers, are retiring or being too expensive to be hired. When automation/free software have permanently reduced human worker needs. When the developed countries - the ones with trillions of debt and aging population - have willingly given up their factories to the emerging countries, and are desperately searching for other ways to pay back their debt besides financial engineering.