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SamboT @lemmy.world
Posts 0
Comments 87
Explaining capitalism to aliens
  • Inb4 "you dont understand communism" and then you say "how am i wrong" and they say "heres some titles of topics and books that prove you wrong" and you say "why cant you explain how it applies to this situation?" And they say "if people behaved selflessly..." and you say "but people are selfish" and they say "you are brainwashed by captialistic values" and then you both get tired of typing and move on.

  • Stock market plummets as Trump announces new tariff war
  • There have been bigger day swings in the last couple weeks than there was with this announcement.

    Thats what the stock market does and everyone always zooms into a 1hr chart to show a dip as if it didnt go back up by extended session close that same day.

  • I got the money saved in my mansions safe.
  • Yes if you are okay with accepting market losses which could be significant. Its true that the stock market typically is seen to keep your value on track or better than inflation rate but there are risks.

    Rates are pretty good right now (~5%) for a money market fund and it only takes a day or less to free up those funds and transfer them to your bank account.

    If you have a 20% loss in the stock market you are forced to realize that loss if an unexpected expense comes up.

    And it can be way more risky if you are doing individual stocks or pretending like you know what your doing. Some stocks go through corporate actions that tie up funds for indefinite periods, or of course go bankrupt in some situations. Monthly/daily compounded 5% return on a money market is better than idle cash but still very safe.

  • Meta to pay Trump $25 million settlement for shutting his accounts after Jan. 6
  • Ive wondered if zuck was doing tons of illegal stuff, and a small subsection of that was aimed at trump, and trump came to know about it somehow.

    And trump probably has plenty to throw him in jail, and zuck is begging for forgivenesa and he'll never do it again.

    Thats my personal guess because even meta's opportunity to be successful doesnt line up with the amount of ass kissing going on. Its weird.