It’s almost like granting a supreme veto to a single, wholly imaginary ideology, and positioning it as a monoculture for how society values activities and production, is problematic.
We apparently did away with it once before through the separation of church and state, maybe it’s time to force the separation of bank and state.
And the wealthy manage to come out on top every single time.
Buy blue chip stocks during recessions and sell after recovery
Kinda hard to buy when you dont have any fuckin money
If you didn’t buy so many pumpkin spice lattes and avocado toasts you would have been rich by now
Instructions unclear, invested life savings in pumpkin spice latte and avocado toast stocks
You god dang gen z’s are going to get my CFA designation revoked
I’m actually an elder millennial, but I guess I can hold off on any further investment until you get your Classified Fowl Arbitration cert reinstated 🤷
I renounced my Chick-fil-A designation after I got disciplined for playing the south park episode
I see you’re also an expert in bird law
Got it. I’m gonna have a nice hot avocado late and some cinnamon sticks on pumpkin toast
I’m starting to notice a problem…
Wait are you serious?
I’ve never joked in my life
Instructions unclear, invested life savings in a company that produces blue corn tortilla chips.
Well tostitos is owned by pepsico which is a matured company of 126 years so I would consider that a blue chip blue corn chip stock
I invested early but ate them after a month because I was afraid they’d get stale.
I accidentally ended up with a semi trailer full of blue corn tortilla chips?
Brother I’m still recovering from the last time I took the internet’s advice on stocks.
Unrelated, but fuck Ryan Cohen.
I think this thread has been very clear about what stocks to buy and it’s your fault if you don’t get it (when you figure it out, let me know too)
When you’re the ones manufacturing the crisis, it’s easier to prepare and profit from it
When they should really come out 6 feet under.
…fucked
I don’t mean to be that guy, but look which US political party was in charge for each of those dates…
2002 - Bush II, Republican
2008 - Bush II, Republican
2020 - Trump, Republican
2025 - Trump, Republican
Cheat sheet.
Trump approves, “The economy does better under Democrats than the Republicans”
Donald Trump, 2004, on the CNN Show ‘The Apprentice’
There’s only one thing to do. Kill John Lennon
This hits too hard. I was born in 83, so even the ages line up.
Same year here… fuck us, amirite?
82 here and obligatory fuck this timeline
82, born April 1st. Life has been a joke, that’s for sure.
deleted by creator
Seems to math to me? 2002 to 2008 is 6 years, 2008 to 2020 is 12 years, 2020 to 2025 is 5 years
What happened in 2002? Was that from the war on terror?
End of the dot com bubble.
https://en.m.wikipedia.org/wiki/Stock_market_downturn_of_2002
But it happened mostly in 2000:
https://en.m.wikipedia.org/wiki/Dot-com_bubble
And coincidentally 9/11
The September 11 attacks also contributed heavily to the stock market downturn, as investors became unsure about the prospect of terrorism affecting the United States economy.
Was the 2002 a year of recession? Or is the stock market downturn considered a recession because rich people lost money?
Unlike wealth, losses usually trickle down. When companies go bankrupt their employees loose their jobs. Millionaires actually love recessions, Jack Welch said:
Never miss out on an opportunity like a good recession.
The 2002 recession was not as global and universal as later ones. The dot com bubble mostly affected tech companies, and the internet was not as common as nowadays. I asked my parents once how they felt that recession, when I first read about it later, I was in school in 2002. They said they didnt even know there was a recession that time, in eastern europe it wasnt noticably worse than the chaos of the 90s
There is a simpsons episode about the bubble, s13e18, aired in 2002:
9/11
That didn’t cause a significant economic downturn, though.
It absolutely did, at least for anything travel related.
War of terror.
Didn’t that pay off so well. How many American soldiers were killed, injured, or traumatized? How many innocent Afghani and Iraqi civilians were murdered? And for what? ISIS and the Taliban now have complete control over that entire region.
And to the people saying how much better Bush was than Trump as well as the dumb as fuck democrats embracing that fucking war criminal Cheney, I say you all need to get your god damned head examined. Trump’s election denialism was born out of the Brooks Bros riot in Florida during the 2000 election and Trump is absolutely hoping for some terrorists to kill Americans so he can declare martial law and suspend elections in order to remain president indefinitely. Bush and Cheney lead to this. This was every republican’s goal.
Worth remembering that Trump didn’t recreate the Republican Party, he just embraced the manipulative aspects of republicans and made that his entire thing. Would I rather have Bush or Trump? It’s honestly a tough one. I could see Trump killing our democracy. Maybe that’s worse than the Iraq and Afghanistan war war.
Ill give a small example here how I know we are fucked. I leased a vehicle for 1900 a month back in 2022, the lease is up in October. I just bought a new 100,000 dollar truck today, I’m over 200,000 in debt already with barely enough to cover my monthly payments. They should not have given me this truck. But I’m a business, they give me anything. Sure I’ll make 2 mill this year but they never once asked anything once I said a company was buying it. I’m personally saving money on this transaction but the fact that the financial system allowed this to happen worrying to say the least.
Respectfully, why the fuck would you buy yourself a $100,000 truck?
Could need a pickup with the tool boxes and shit built in, or maybe a hydraulic lift. My family owned a construction company for decades, and we always had one of those in the driveway, and while I don’t know how much they were, they were definitely more expensive.
Oh, those start at 150,000 now. Trucks are crazy expensive.
I work in environmental reclamation, I haul things a lot. And travel down rough roads a lot. I’m actually downsizing to this truck because the other ones are too damn expensive.
$100k? Suspicious, not sure the cybertruck is the investment you think it i/s…
He works with software so it’s probably because it occasionally snows where he lives and his micropenis.
After skimming @[email protected] post history I didn’t notice anything about working in tech nor having it snow where they live, but I did notice a lot of posts about killing their neighbors, which was concerning to say the least
I did a quick check and they’re definitely Canadian and recently went to CES. So I think “snows” is a given and “works in tech” is extremely likely.
I really hate looking at people’s post history though, so please don’t harass person.
Ahh I see… that checks out lmfao
Don’t worry. People like my parents will blame poor people for accepting loans that they can’t pay.
Don’t worry tho, because although everyone’s broke as shit, the houses you bought in the 90s when you were a young child are worth like 10 times as much now!
I bought houses as a child?
What, you didn’t use your 1994 influencer money to buy houses?
Pffft, I used money from delivering the morning papers to buy my first house. When I was 11, ELEVEN!!
However it was the delivering of milk that really helped me afford my first yacht! Every morning for months I got at 4am to deliver it. That was a hard 3 and a half months I can tell you!You guys should just pull yourselves up by the avocados, and stop eating so many bootstraps!!
You didn’t know to sell one of your beanie babies to pay for a house? That’s like wu tangs #1 rule: diversify. Going all in on beanie babies is all fun and games until your divorce has you fighting over the most precious things in your life.
Kind of seems like the lesson is to buy the dip.
If you are an insider into the chaos, can truly make a fortune from knowing crashes are about to happen, and then when the chaos is reversed.
And not sell the fall
This part I’m not on board with, because the majority volume is going to be doing that either way. Anyone who would see this advice would just be ruining themselves to make some vague statement if they followed it.
Fair, it’s too general to say. More specifically, pulling out because the market is down can just as easily lock those losses in when you’ll recover them by simply waiting. Sure if you can cut your loss then do so, especially with stop loss. But if you’re just using index funds there’s less (or worse) of a point in reacting to the market. So it doesn’t really apply to people who are more hands on.
If you have the money to do that then you are the problem.
Not really. In today’s world, a couple having assets of up to a few million is the equivalent of someone 50 years ago having a paid off house and a pension. That’s the kind of assets you need if you want to finance a basic middle class retirement.
That’s usually a house. But yeah if they have a million in a 401k then they’re part of the problem. Those funds are sitting in investment companies like Blackrock fueling the primacy of Wall Street over everything.
Having a million in a 401k today is like having a pension 50 years ago. If you want to actually retire in this capitalist hellscape, that’s what you need to have. A million in a 401k is like $40k/year of retirement income. And it’s not like pension funds don’t invest their savings in Wall Street either.
Don’t hate the player hate the game
Except the players with the biggest headstart get to make up the rules of the game.
So am I supposed to give away my money or what’s the play here
Nope, participation in a system that’s forced on you isn’t consent. But you can choose to do something to change the system. Get active, march, vote, organize.
Oh no. No. No. No. The players make the rules. Shifting focus to the game being bad is a deflection as old as time.
Right, anyone who has ‘the money’ to make any kind of investment at all is ‘the problem’.
Nobody is worried about your penny stocks and you know that.
A percentage is a percentage, regardless of how much money you have. Your reply was that
investinghaving ‘the money’ made me ‘the problem’ as if only wealthy people could buy stocks. I satirized that, because it takes very little money to invest in the stock market. Whether you have other reasons to choose not to do so is a different matter.Right, so you just chose to be offended at something you knew wasn’t about you.
I can’t even make sense of what you’re saying. You’re the one who replied to me. Going to leave it at that.
This would be a great argument if fractional shares didn’t exist
Sure because “buying the dip” in regards to a recession is totally about someone buying half a share and not corporations vacuuming assets out of the economy.
Or penny stocks, or just general stock that isn’t too expensive. I have a handful of shares of MVST. It’s $1.77 per share.
I understand now.
How can a partially muscled skeleton scream
If you’ve done 6 impossible things this morning, why not round it off with a partially skeletal scream?
Like this
AAAAAAHHHHHH!!! I’M A BONEY BOI WITH SOME BUT NOT ALL OF MY MUSCLES!!!
He partially has lungs and a vocal chord ?
Though it reminds me of a conversation you can over hear in one of the Divine Divinity
Baldurs Gategames between two skeletons, who talk themselves into how they shouldn’t function, and then promptly fall to the floor in a pile.Edit: corrected the game
That was Divine Divinity. Larian Yes, not Baldur’s Gate.
Oh, shoot, you’re absolutely right!
Forgot 2015
This message is brought to you by the Storm of the Century and the hotest year in history. Available to you every year.
I know there have been people predicting they live in the “end times” for all of humanity. But I can’t help but feel like our generation isn’t crying wolf like the others.
Don’t forget the wildfires.
Good thing we dumped the california agriculture water reserves to solve their winter fires.
I was going to say I live in a “50 year flood plain” and I’ve seen 3 floods in the last 16 years.
I’m tired, boss.
