BF2S Forums Investment

if only those idiots had invested in stocks and had compound interest !

is it just possible that jay was against the bailout in 2008 because he had relatively little, and now he's on the property ladder and is making investments, he is pro bailout now in 2020? make u think

how many more workers could *checks notes* reach escape velocity using the stock market and compound interest on their investments if they had a fairer distribution of their companies' earnings/better recompense for their labour? currently executive salaries are 250x average worker salaries. maybe the middle-class could achieve a more robust defense against economic shocks if they had a share of the pie and weren't all worrying about their next mortgage payment?

wasn't an over-exposure to the stock market for average workers one of the reasons the great depression wiped out so many people?

Last edited by uziq (2020-06-30 04:29:37)

Dilbert_X wrote:

Jay wrote:

uziq wrote:

capital is now hugely more profitable than labour, which is leading to the greatest levels of inequality in western society since the time of the robber barons. jay, who is still a labourer, continually speaks out on behalf of the capitalists' right to suddenly become $30 billion richer in a week because of covid-19 and government bailouts.

Have you not noticed the stock market over the past 11 years?

2019    31.10%    $4,510.10
2018    -4.41%    $3,440.19
2017    21.94%    $3,598.91
2016    11.93%    $2,951.38
2015    1.31%    $2,636.80
2014    13.81%    $2,602.71
2013    32.43%    $2,286.89
2012    15.88%    $1,726.87
2011    2.07%    $1,490.22
2010    14.87%    $1,460.00
2009    27.10%    $1,271.00
        $1,000

If you had started with $1000 going into 2009 your wealth would've increased 451% over 11 years if you had invested it. This conspiracy theory stuff really is amazing!

Yes but what about bitcoins? Shouldn't everyone on wall street have plugged their playstation into the internet and made bitcoins?

The US stock market is thoroughly disconnected from reality, great if you invested at the right time, otherwise its due for a 50-75% drop.

It is disconnected somewhat, yes. Price increases are mostly driven by continuous investment by individuals in retirement funds. Individual stocks still fluctuate based on performance. Does Tesla deserve to trade at over $1,000/share when it likely will never make a profit? I would say no. By the same token, why is gold trading at $1,780? Value is based on scarcity, continuous purchases and hype.

The US unemployment rate fell to 11.1% as the economy added a record 4.8 million jobs in June, the Bureau of Labor Statistics reported on Thursday.

The data was far better than economists predicted. The unemployment rate also fell more than expected.

https://www.cnn.com/2020/07/02/economy/ … index.html
Trump did it. The economy is saved.

A 2 bedroom 2 bath unit in a HOA in my town was listed for $400,000 on the NYT real estate section. The payment calculator had a down payment of $85,000. Who the hell has that type of money lying around?

I know how mortgage down payments work. But just seeing the amount spelled out is eye watering. You need to save a tremendous amount of money just to have the opportunity to get locked into more debt.

The issue might not even be the concept of debt but the fact that you are paying $200,000 per bed room.

I'm not buying a home. Whatever was there was the default settings. $450 a month HOA fee too by the way.

Buying a house... is it really an investment? Unless you’re renting rooms or conducting a business from it isn’t it just another liability?

I've been saving money since I started working and have an appreciably large amount if I were in the market for buying a house. It does cause me anxiety to have the thought of putting a sizable chunk of that down and then committing to decades of payment on it. Whenever I hit a new milestone at say a $10,000 increment, that became a new floor of safety at which I was comfortable. For shits and giggles I was recently looking at what it would cost if I wanted a nicer car for my next one, and I cannot fathom how people buy some vehicles. My first payment was absurdly low, which has anchored my perceptions near there and I cannot fathom paying the average US car payment of $400+/mo.

Mo money, mo problems.

Superior Mind wrote:

My plan is to save for a plot of land and build my own house. Probably start a food production business on the land along with a food forest. Thinking a gourmet mushroom grow op along with possibly an Ume orchard and selling American made umeboshi. Also possibly a culinary institute and or hospice on the property. /dreams

Ken wants to start a farm. You two should trade Linkedins.

My god mother is childless and owns a house in Florida. She left the home to me. It has a good amount of land attached to it. Hopefully marijuana is legalized and I can build a greenhouse on it someday.

Will it be underwater in 10 years?