Are other countries like the West where 'markets' (equities, derivatives, prediction) have a wide ranging pervasive effect on culture?
The Indian derivatives market is huge . Lots of people gambling there.
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After Losses, Retail Investors Flock to 3x Leverage as 2x Product Are Restricted
121–129 of 129 posts
Re: After Losses, Retail Investors Flock to 3x Leverage as 2x Product Are Restricted
#122Earlier quoted context omitted.
> “…status signaling isn't part of biology?” It’s just a short-cut. The most ostentatious courtships of bird species are found in populations without significant predators. Evolution has granted this as advantage, because they don’t need to screech and squawk and hide from predators. Take the Birds-of-paradise from New Guinea as the archetype.
I will take the birds of paradise as the extreme, single example of signaling that it is. Of course signaling is a short cut. You cant transmit your entire lifes experiences to another people in an instant. You signal and read signals.
> "extreme, single example of signaling"
It’s not the extreme outcome that’s the offered exception to your rule. It’s the absence of predators.
Humans, of course, can make choices and cycle faster.
Lease that expensive truck you can't afford to signal your virility? But now you have to work like a dog to keep it from being repossessed. How's your work-life? How's your marriage? Do you see? Trade-offs. Choices. Our predators are algorithms processing your debt data in the hands of your employer.
It doesn't have to be that way. You can make different choices. You can take the bus.
Re: After Losses, Retail Investors Flock to 3x Leverage as 2x Product Are Restricted
#123Earlier quoted context omitted.
target date funds always confused me, b/c they don't account for the rest of my portfolio. My IRA/401(k) actually has close to 100% cash/bonds to minimize annual taxable impact and the rest of my portfolio is equities.
There is no annual taxable impact in a 401k nor IRA
exactly, which is why your 401k/IRA include your bond allocations and your taxable account house your equities.
Assuming a portfolio with $100k in 401k and $100k in taxable and targeting 80/20 stock/bonds, your 401k should be 60/40k and taxable should be 100/0.
Target date funds would have 80/20 in both 401k and taxable accounts.
Target date funds assume your 401k is your only retirement savings vehicle.
Re: After Losses, Retail Investors Flock to 3x Leverage as 2x Product Are Restricted
#124Earlier quoted context omitted.
You think status signaling isn't part of biology? That it just happened to independently appear in every human culture and many animals that we are aware of?
> “…status signaling isn't part of biology?” It’s just a short-cut. The most ostentatious courtships of bird species are found in populations without significant predators. Evolution has granted this as advantage, because they don’t need to screech and squawk and hide from predators. Take the Birds-of-paradise from New Guinea as the archetype.
> Evolution has granted this as advantage, because they don’t need to screech and squawk and hide from predators.
It could be demand rather than leisure: "I survived" doesn't work to signal fitness, so they develop something else to fill the need.
Re: After Losses, Retail Investors Flock to 3x Leverage as 2x Product Are Restricted
#125The story we were telling young people that if they apply themselves, go to school and get a job they'll be able to afford family, house, vacations is moving further and further away for more and more people. The turn towards financial nihilism will continue.
We live in a capitalist society, not a labor-oriented society. The way to make big money is through capital - ie: purchasing property and then selling it for (hopefully) profit. Laboring in a capitalist economy is a loser's strategy because your capital is you body's ability to produce value and that has a maximum physical limit. Why participate in an economy using a strategy that has a natural upper bound? It makes…
A healthy and successful society can’t exist in combination with a winner takes all (or strongly leaning towards it) economic system.
While the pie is growing due to increasing productivity for the most part it’s still zero sum.
Re: After Losses, Retail Investors Flock to 3x Leverage as 2x Product Are Restricted
#126Earlier quoted context omitted.
There's very few people in the world that can maintain 47 years of uninterrupted discipline. Most people hit one or a number of: - A significant health issue that also drains them economically - A broken marriage that cuts their savings in half (or less) - A low point in their life where saving for retirement just doesn't make sense in their heads anymore because they feel they'd rather die tomorrow. - A streak of ba…
$200 per month is the minimum to retire with $2 million+. But you can always put more in as your financial situation improves (like getting a raise). You can also make wiser decisions like not getting a $770 a month car payment (yes, that's the current average new car payment in the US). I work with clients of all financial levels and almost all of them have upwards of $600 a month to put toward retirement/investment…
$200 per month 47 years ago is the purchasing power equivalent of $900 today.
Re: After Losses, Retail Investors Flock to 3x Leverage as 2x Product Are Restricted
#127Earlier quoted context omitted.
The women aren't the ones detecting they have something wrong with them. They are detecting there is something wrong with the next level up, and shutting down that whole thing. Like an apoptosis gene triggered by excessive misfolded proteins.
But in reality they aren't "shutting down that whole thing", they are shutting down their personal lineage and not much else. The women might not be conscious of something wrong with themselves, but if they were cells in a body, their behavior would not indicate the body is sick, only that they are.
biology uses a lot of gradients and culling. the brain starts with more neurons than it needs, and those that don't form connections get recycled.
no need to start futile fights when you are in the (ideological) minority.
Re: After Losses, Retail Investors Flock to 3x Leverage as 2x Product Are Restricted
#128Earlier quoted context omitted.
There is no annual taxable impact in a 401k nor IRA
exactly, which is why your 401k/IRA include your bond allocations and your taxable account house your equities. Assuming a portfolio with $100k in 401k and $100k in taxable and targeting 80/20 stock/bonds, your 401k should be 60/40k and taxable should be 100/0. Target date funds would have 80/20 in both 401k and taxable accounts. Target date funds assume your 401k is your only retirement savings vehicle.
I understand why you'd say bonds in tax-advantaged accounts and equities outside, but I don't know why you would put cash in the former. Unless by cash you mean money market funds or similar. But even still, qualified equity dividends are yielding more these days than bond interest to the extent that the total tax is usually higher, so you might still prefer to reverse what you said.
Re: After Losses, Retail Investors Flock to 3x Leverage as 2x Product Are Restricted
#129Earlier quoted context omitted.
exactly, which is why your 401k/IRA include your bond allocations and your taxable account house your equities. Assuming a portfolio with $100k in 401k and $100k in taxable and targeting 80/20 stock/bonds, your 401k should be 60/40k and taxable should be 100/0. Target date funds would have 80/20 in both 401k and taxable accounts. Target date funds assume your 401k is your only retirement savings vehicle.
I understand why you'd say bonds in tax-advantaged accounts and equities outside, but I don't know why you would put cash in the former. Unless by cash you mean money market funds or similar. But even still, qualified equity dividends are yielding more these days than bond interest to the extent that the total tax is usually higher, so you might still prefer to reverse what you said.
My equities are highly concentrated in tech (which tends to either not pay dividends or prefers stock buy backs). The rest of my equities is VTI (~1% dividend) and VXUS (~2.3% dividends).
When I say cash, I meant value stored in money market and $SGOV. I'm actually experimenting with using my 401k/ira to invest in private equity (VC) funds, so I am holding cash (money market and $SGOV) in those accounts to ensure I have the capital for capital calls.