Kara HALP!!!!! (The Scot's say sell everything)

[Am_I_Anonymous]

http://money.cnn.com/2016/01/12/investing/markets-sell-everything-cataclysmic-year-rbs/index.html



I'm being told it won't go bull market by my guys but shiiiiittttyyyy.

This will panic the market tomorrow. Assholes.

[Tasty]

So is it better to keep everything in a savings account or what I'm no good with money

Help me out AiA

I heard stocks get you 10% more money every year but now Im not so sure

[brawndolicious]

So is it better to keep everything in a savings account or what I'm no good with money

Help me out AiA

I heard stocks get you 10% more money every year but now Im not so sure

No one knows anything.

Except that Apple stock will go up.

[Mupepe]

I'm just gonna continue plugging away in my funds and 401k. Fuck it. I'm buying low baby!!

[CatsCatsCats]

Yeah I figure I'm too young to worry about the market, just keep letting my 401k do its thing. When I'm not 35-40 years from retirement I may be more active with my investments.

[team filler]

invest in powerball tickets!

[Dickie Dee]

I'm not sure what you mean by "active" but don't be active, be passive, invest in index funds and rebalance occasionally.

[Kara]

I agree in that I don't believe the market has ever really recovered from the collapse of the dot com boom and until a "new" industry comes along to suck up capital long-term and produce some new winners (I can remember watching when Amazon had its first profitable quarter on CNBC, to show how much of a fucking nerd I was as a child) we will be stuck with bouts of severe sell offs intermittently.

I don't agree that we're going to see 2008: the remix anytime soon. ffs, am I the only one who remembers just how much wishful thinking there was at the Federal Reserve level back then?

As a rule I don't believe anything anyone has to say about China. Not because I'm a true believer in Deng Xiaoping Thought, but simply because the reliability of available information is very suspect, and when it's something incontrovertible (for example, the recent Shanghai exchange trouble) it's conceptualized in the crudest manner so as to be almost worthless. (Investment in China is nothing as far reaching as a financialized western economy, to continue the exchange example.)

I'm not entirely dismissive of the oil thing, especially in the employing economy of the U.S. (to a certain extent I view it as something similar to the old housing industry, a creature of get rich quick myopia at the legislative level, no benji), but the nice thing about oil is that everyone has got to buy it, and if it gets cheaper that means everyone has more money to spend (at least until markets adjust), people who aren't occupants of only certain segments of the economy. Cheaper energy is not a back breaker (in a systemic sense), just look at the golden ages of capitalism if you don't believe me.

tl; dr I'm never really high on minority interest securities as anything but a source of passive income (e.g. dividends), boom or bust, and you (pejorative) shouldn't be either.

[Phoenix Dark]

Thanks but that's what I pay Motley Fool for 

[Mupepe]

Over the past few days I've had the pleasure of listening to several coworkers explain to me why liquidating their 401k right now is the best decision for them.  Funny thing is that a few of these coworkers have turned around and judged others for doing the same thing.  Of course, they have a legitimate reason and other people are just panicking. 

[Brehvolution]

Remember that during the crash of 07-08 the people who liquidated lost their shirt while those who didn't ended up making money in the long run.

Who knows though. We are trusting our money to the minions of the super rich and their promiseplan to "grow your wealth" yet they never seem to lose any. If they do, they just replace their loss with ours.

[Am_I_Anonymous]

Remember that during the crash of 07-08 the people who liquidated lost their shirt while those who didn't ended up making money in the long run.

Who knows though. We are trusting our money to the minions of the super rich and their promiseplan to "grow your wealth" yet they never seem to lose any. If they do, they just replace their loss with ours.

I hate this new America where success is ridiculed. It's amazingly low brow shit.





This is what's killing our country. Believe it or not you don't deserve shit.


Also it's okay to be offended, girls are sexy, and anime is for shut in nerds.

[Brehvolution]

Who's success is being ridiculed?

[Phoenix Dark]

Accuse others of low brow shit, post an Adam Carolla video

[Am_I_Anonymous]

Accuse others of low brow shit, post an Adam Carolla video

How would you like to measure success? Family? Work? Wealth? etc? Be sure to let me know

[Kara]

If you're retiring in the next 2-3 years or something I could possibly see the small merit in divesting from stocks in your retirement account, but why the hell would you be invested that way so close to retirement? Actually I don't want to know the answer to that question, it's best not to find out what fly by night financial planners or self-directed retirement account owners who aren't financial planners get up to.

[Am_I_Anonymous]

If you're retiring in the next 2-3 years or something I could possibly see the small merit in divesting from stocks in your retirement account, but why the hell would you be invested that way so close to retirement? Actually I don't want to know the answer to that question, it's best not to find out what fly by night financial planners or self-directed retirement account owners who aren't financial planners get up to.

I'm taking about 15% of my PNW and putting it in gold. It thrives in shook markets.


I have six planners telling me to do six different things currently. Reminds me of 08 a bit.

[Madrun Badrun]

Accuse others of low brow shit, post an Adam Carolla video

How would you like to measure success? Family? Work? Wealth? etc? Be sure to let me know

Teeth

spoiler (click to show/hide)

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[Phoenix Dark]

I don't think anyone here is ridiculing the successful/rich. However I find it interesting that certain people most obsessed with personal responsibility are not only perfectly fine with unregulated greed crashing the economy, they seem offended that anyone DARE question the practice. A mother scamming the government out of $30 for seafood is outrageous, yet assholes selling junk mortgages or bullshit stocks is just a hard working man doing his job - and any criticism MUST mean you hate successful people. Come on.

[Am_I_Anonymous]

I don't think anyone here is ridiculing the successful/rich. However I find it interesting that certain people most obsessed with personal responsibility are not only perfectly fine with unregulated greed crashing the economy, they seem offended that anyone DARE question the practice. A mother scamming the government out of $30 for seafood is outrageous, yet assholes selling junk mortgages or bullshit stocks is just a hard working man doing his job - and any criticism MUST mean you hate successful people. Come on.

Capitalism is flawed. You either learn to navigate the river or you pay for a ride.

[Rufus]

Market crashes are a pretty big flaw. Can't really "personnal responsibility" your way out of that when it's someone else screwing things up.

[Kara]

If you're retiring in the next 2-3 years or something I could possibly see the small merit in divesting from stocks in your retirement account, but why the hell would you be invested that way so close to retirement? Actually I don't want to know the answer to that question, it's best not to find out what fly by night financial planners or self-directed retirement account owners who aren't financial planners get up to.

I'm taking about 15% of my PNW and putting it in gold. It thrives in shook markets.


I have six planners telling me to do six different things currently. Reminds me of 08 a bit.

A time honored tradition of the Tribe.

(I like industrial metals but those seem a bit cocked up in terms of pricing atm. More of a get rich quick scheme as logically they seem undervalued rather than a safe harbor for money.)

[Am_I_Anonymous]

Invest in copper. Olympics make the price explode and low prices got the 500's breaking ground in record amounts in early 2016.

:-)

And you know I'll be selling high
But I be buying low

Until the price of lasers drop that fiber future is on hold.

[Am_I_Anonymous]

Market crashes are a pretty big flaw. Can't really "personnal responsibility" your way out of that when it's someone else screwing things up.

You can not depend on anyone. I don't need anybody to pay me. I work because it keeps me feeling young. I'm not ready to sit at home all day and neither is my wife.

[benjipwns]

Market crashes are a pretty big flaw. Can't really "personnal responsibility" your way out of that when it's someone else screwing things up.

Clearing out malinvestment is a good thing. If it was allowed to happen more often, you wouldn't need to do it in massive chunks when most profitable to the largest entities.

[Am_I_Anonymous]

Market crashes are a pretty big flaw. Can't really "personnal responsibility" your way out of that when it's someone else screwing things up.

Clearing out malinvestment is a good thing. If it was allowed to happen more often, you wouldn't need to do it in massive chunks when most profitable to the largest entities.

We tend to fall in love early and divorce rough in the financial world. Ask Silicon Valley.

[benjipwns]

I don't think anyone here is ridiculing the successful/rich. However I find it interesting that certain people most obsessed with personal responsibility are not only perfectly fine with unregulated greed crashing the economy, they seem offended that anyone DARE question the practice. A mother scamming the government out of $30 for seafood is outrageous, yet assholes selling junk mortgages or bullshit stocks is just a hard working man doing his job - and any criticism MUST mean you hate successful people. Come on.

It is outrageous. If that mother was a truly successful person at heart she'd be scamming more than $30 worth of seafood out of the government.

[Rufus]

You can not depend on anyone.

I know. Wish I didn't have to either, but subsistence farming sucks shit.

[Am_I_Anonymous]

I don't think anyone here is ridiculing the successful/rich. However I find it interesting that certain people most obsessed with personal responsibility are not only perfectly fine with unregulated greed crashing the economy, they seem offended that anyone DARE question the practice. A mother scamming the government out of $30 for seafood is outrageous, yet assholes selling junk mortgages or bullshit stocks is just a hard working man doing his job - and any criticism MUST mean you hate successful people. Come on.

It is outrageous. If that mother was a truly successful person at heart she'd be scamming more than $30 worth of seafood out of the government.

Just saying...what 40% are getting government assitance? Being real here.

Don't you think dipping that scale any further creates a worrisome national dependence on our government? They work for us, remember?

So let's get the 20% that want to work but have some obstacles...felonies etc, back to work and move that needle more into the normal temperature range. They might need some assitance still, but I believe most will aspire for self reliance and do so.

[Kara]

Not to sound too much like my good friend and ideological enemy benji (we do both dream of a stateless world, we just differ wildly in how to reach this), but when you live under the auspices of a state in a system of unfree movement between states, everyone is consequently dependent on the state. Folks on public assistance are simply the ones least able to hide this. (Currency policy, corpora of law, et cetera are all "well off" welfare.)

[Phoenix Dark]

I know people on welfare, as I'm sure you do too AiA. I know some who are indeed leeches, I know people who sell food stamps, I know people who do all types of shit they shouldn't be able to do (and I'm not talking about buying seafood/shoes/etc). But I know far more responsible people on welfare who are looking for a better life/job. Very few people want to be dependent on $200 a month. So yea I'm all for programs that help train people, go to school, teach parents how to be parents, etc.

When I worked with Section 8 families we dealt with 17 year old mothers who didn't know anything about...anything relating to being a mother. Not because they were losers or abusive, but because they literally had no frame of reference for what a mother/parent should be like, lived on the edge of society, and were surrounded by bad vices. I now know section 8 parents who managed to become nurses or hygienists or cooks due to programs that help them. If that's the type of "government assistance" you look down on then we'll never agree on this issue.

[benjipwns]

Not to sound too much like my good friend and ideological enemy benji (we do both dream of a stateless world, we just differ wildly in how to reach this), but when you live under the auspices of a state in a system of unfree movement between states, everyone is consequently dependent on the state. Folks on public assistance are simply the ones least able to hide this. (Currency policy, corpora of law, et cetera are all "well off" welfare.)

http://thekronies.com/
http://chimeraincorporated.com/

spoiler (click to show/hide)

All audio, visual and textual content on this site have been granted an intellectual monopoly by the powers vested in the G-force.

[close]

[Tasty]

AiA send me money plz

[Am_I_Anonymous]

I know people on welfare, as I'm sure you do too AiA. I know some who are indeed leeches, I know people who sell food stamps, I know people who do all types of shit they shouldn't be able to do (and I'm not talking about buying seafood/shoes/etc). But I know far more responsible people on welfare who are looking for a better life/job. Very few people want to be dependent on $200 a month. So yea I'm all for programs that help train people, go to school, teach parents how to be parents, etc.

When I worked with Section 8 families we dealt with 17 year old mothers who didn't know anything about...anything relating to being a mother. Not because they were losers or abusive, but because they literally had no frame of reference for what a mother/parent should be like, lived on the edge of society, and were surrounded by bad vices. I now know section 8 parents who managed to become nurses or hygienists or cooks due to programs that help them. If that's the type of "government assistance" you look down on then we'll never agree on this issue.

You gonna come at me like this? You gonna tell me right now that more than half those people receiving want to get off? You're lying to yourself and me right now dude. They play that game better than I played mine. Don't go down this road dog, you know the truth.

[Am_I_Anonymous]

AiA send me money plz

I'd rather send you the three books that changed my life. Deal?

[CatsCatsCats]

Yes, let's trot out the tired welfare queen meme, because you got yours and they should too

How about we measure success in how many members of your community struggle to find food and housing? Next I'll expand community to nation.

[Am_I_Anonymous]

Yes, let's trot out the tired welfare queen meme, because you got yours and they should too

How about we measure success in how many members of your community struggle to find food and housing? Next I'll expand community to nation.

And what point does my community take precedence over my own family?

Easy to allocate responsibility when you're single or young. Harder when you're a father.

Edit: So don't trot out the liberal talk point to point bullshit with me son. I've been called out as worse by more important people. The point remains that family is first and by family I want everyone in the foreseeable future to benefit from my work. Not you. Fuck you.

[CatsCatsCats]

I'm nearly 30 and support a family of 3 on my income alone.

[Tasty]

AiA send me money plz

I'd rather send you the three books that changed my life. Deal?

Only if they're eBooks.

[Am_I_Anonymous]

I'm nearly 30 and support a family of 3 on my income alone.

And you want someone to arbitrate on how much you should spend on Dan the addict on the corner?
Stupid.

[Am_I_Anonymous]

AiA send me money plz

I'd rather send you the three books that changed my life. Deal?

Only if they're eBooks.

I'll see if they are on there.

[Tasty]

Yes, let's trot out the tired welfare queen meme, because you got yours and they should too

How about we measure success in how many members of your community struggle to find food and housing? Next I'll expand community to nation.

And what point does my community take precedence over my own family?

Easy to allocate responsibility when you're single or young. Harder when you're a father.

Edit: So don't trot out the liberal talk point to point bullshit with me son. I've been called out as worse by more important people. The point remains that family is first and by family I want everyone in the foreseeable future to benefit from my work. Not you. Fuck you.

You went full breeder, man.

Never go full breeder.

[Am_I_Anonymous]

Yes, let's trot out the tired welfare queen meme, because you got yours and they should too

How about we measure success in how many members of your community struggle to find food and housing? Next I'll expand community to nation.

And what point does my community take precedence over my own family?

Easy to allocate responsibility when you're single or young. Harder when you're a father.

Edit: So don't trot out the liberal talk point to point bullshit with me son. I've been called out as worse by more important people. The point remains that family is first and by family I want everyone in the foreseeable future to benefit from my work. Not you. Fuck you.

You went full breeder, man.

Never go full breeder.

Sorry bro. You'll never know real love until you see yourself in someone's eyes. In my opinion of course and no offense.

[CatsCatsCats]

I'm nearly 30 and support a family of 3 on my income alone.

And you want someone to arbitrate on how much you should spend on Dan the addict on the corner?
Stupid.

I want society to be set up so Dan the addict isn't stuck on a corner due to the greed of others, yes.

[benjipwns]

Can we just get the names of the books?

Unlike you ungrateful cretins, I use the public library system for books.

[mormapope]

"Fuck everyone but the people nearest and dearest to me" is some cartoon Conservative shit
 

If you aren't lucky and didn't earn your keep in ways that benefit you down the line, fuck off and die, I have more things I could buy.

[mormapope]

Yes, let's trot out the tired welfare queen meme, because you got yours and they should too

How about we measure success in how many members of your community struggle to find food and housing? Next I'll expand community to nation.

And what point does my community take precedence over my own family?

Easy to allocate responsibility when you're single or young. Harder when you're a father.

Edit: So don't trot out the liberal talk point to point bullshit with me son. I've been called out as worse by more important people. The point remains that family is first and by family I want everyone in the foreseeable future to benefit from my work. Not you. Fuck you.

You went full breeder, man.

Never go full breeder.

Sorry bro. You'll never know real love until you see yourself in someone's eyes. In my opinion of course and no offense.

Does this apply to adopted kids or are they addicts looking to score a parental fix?

[Am_I_Anonymous]

I'm nearly 30 and support a family of 3 on my income alone.

And you want someone to arbitrate on how much you should spend on Dan the addict on the corner?
Stupid.

I want society to be set up so Dan the addict isn't stuck on a corner due to the greed of others, yes.

Okay so you're telling me dan had nothing to do with this?

I came from a block no fuck that a 1/2 city of Dan bro. Please tell me how it is though.

Never asked for your money and never took it. I busted my ass to be what I am.

[Am_I_Anonymous]

"Fuck everyone but the people nearest and dearest to me" is some cartoon Conservative shit
 

If you aren't lucky and didn't earn your keep in ways that benefit you down the line, fuck off and die, I have more things I could buy.

If it's you getting a happy meal or my grandson going to college? Eat dick.

[CatsCatsCats]

I'm nearly 30 and support a family of 3 on my income alone.

And you want someone to arbitrate on how much you should spend on Dan the addict on the corner?
Stupid.

I want society to be set up so Dan the addict isn't stuck on a corner due to the greed of others, yes.

Okay so you're telling me dan had nothing to do with this?

I came from a block no fuck that a 1/2 city of Dan bro. Please tell me how it is though.

You made it because others didn't. You clearly have no qualms standing on backs to reach heights, I do. This conversation doesn't go anywhere.

[mormapope]

Guys, I knew a bunch of strangers or have personally known people that made really bad decisions and didn't want to better themselves for the good of the United States. Please let them all crowd the streets and feed off garbage because if my kid can't get into a expensive college, I have failed as a gene spreader and won't know what to do with myself.

Also, you aren't the only person to personally know drug addicts dude. I've seen some deplorable shit from people I know personally and I give no fucks if what I make goes towards giving them soup and a building to stay in.

[Am_I_Anonymous]

Guys, I knew a bunch of strangers or have personally known people that made really bad decisions and didn't want to better themselves for the good of the United States. Please let them all crowd the streets and feed off garbage because if my kid can't get into a expensive college, I have failed as a gene spreader and won't know what to do with myself.

Also, you aren't the only person to personally know drug addicts dude. I've seen some deplorable shit from people I know personally and I give no fucks if what I make goes towards giving them soup and a building to stay in.

Where you come from? Middle class? Stop acting like you lived shit. Just saying.

[Am_I_Anonymous]

I'm nearly 30 and support a family of 3 on my income alone.

And you want someone to arbitrate on how much you should spend on Dan the addict on the corner?
Stupid.

I want society to be set up so Dan the addict isn't stuck on a corner due to the greed of others, yes.

Okay so you're telling me dan had nothing to do with this?

I came from a block no fuck that a 1/2 city of Dan bro. Please tell me how it is though.

You made it because others didn't. You clearly have no qualms standing on backs to reach heights, I do. This conversation doesn't go anywhere.

You couldn't read me worse. I do help. I always have. But I because I won't value the life of a stranger over my own that makes me a monster? That's a weird line of thought.

But yes. Life is survival and if I had to compete and win to get here I did that. Should I feel bad About that? Explain.

[mormapope]

Never asked for your money and never took it. I busted my ass to be what I am.

So by handicapping yourself financially due to pride, everybody should as well.

"Deos fortioribus adesse"

[Tasty]

Yes, let's trot out the tired welfare queen meme, because you got yours and they should too

How about we measure success in how many members of your community struggle to find food and housing? Next I'll expand community to nation.

And what point does my community take precedence over my own family?

Easy to allocate responsibility when you're single or young. Harder when you're a father.

Edit: So don't trot out the liberal talk point to point bullshit with me son. I've been called out as worse by more important people. The point remains that family is first and by family I want everyone in the foreseeable future to benefit from my work. Not you. Fuck you.

You went full breeder, man.

Never go full breeder.

Sorry bro. You'll never know real love until you see yourself in someone's eyes. In my opinion of course and no offense.

I see myself in my mom's eyes. (No incest.)

[Am_I_Anonymous]

Never asked for your money and never took it. I busted my ass to be what I am.

So by handicapping yourself financially due to pride, everybody should as well.

"Deos fortioribus adesse"

No by not wanting to owe anybody a thing. I never wanted to weight my debt on others.

I sustinere if you wanna act like I didn't take the same class you did.

[mormapope]

Where you come from? Middle class? Stop acting like you lived shit. Just saying.

Be arrogant about a poor upbringing and never fathoming how other people could go through some shit brehs. 

[Am_I_Anonymous]

Where you come from? Middle class? Stop acting like you lived shit. Just saying.

Be arrogant about a poor upbringing and never fathoming how other people could go through some shit brehs.

Not arrogant. Proud because my young life was filled with realists and knowledge and not the prententious bullshit you spew bro. At least get it right, rook.

I wouldn't trade shit grill cheeses and dreams fostered by my father for all the bullshit you were clearly told about this world. People lose, get over it you pussy.

[mormapope]

No by not wanting to owe anybody a thing. I never wanted to weight my debt on others.

I sustinere if you wanna act like I didn't take the same class you did.

You do that by simply existing. We all do.

If it isn't money, its time and energy.

[Am_I_Anonymous]

No by not wanting to owe anybody a thing. I never wanted to weight my debt on others.

I sustinere if you wanna act like I didn't take the same class you did.

You do that by simply existing. We all do.

If it isn't money, its time and energy.

If you want to go philosophical, sure. Many people have supported me and many have deserted me or been deserted and the same for me. I help and sometimes I don't.

This is life, welcome to the party, rook.