Life! (corona virus, non informative, non hysterical post)

Checkswrecks

Ungenear to broked stuff
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Sierra1

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So. . . . what you're telling us is . . . . the rich are goin to get a shit ton richer. No, I'm not bitter. :rolleyes:
 

ballisticexchris

Chris Moritz
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ballisticexchris

Chris Moritz
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Nice place to park your cash for a 4% plus return though.
Only if it stays that way. Every single interest bearing investment in the world is no different than gambling in a casino. It is all speculation. And just like gambling some people make a living at it and some people are wiped out.
 

Checkswrecks

Ungenear to broked stuff
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Only if it stays that way. Every single interest bearing investment in the world is no different than gambling in a casino. It is all speculation. And just like gambling some people make a living at it and some people are wiped out.
As a decades long trader, I resemble that remark.

As for gambling, you MUST do something because inflation is a natural part of life and however "X" many dollars you have, they WILL be worth less next year. That's not gambling, that is a guaranteed loss.
Long term:


Near term:


You can't run a household budget on "Cut taxes (your income), increase spending, debt is OK" philosophy and neither can a country for long. Pretty soon, the Treasury will need to deal with inflation the only way possible and in the way they always have. Print more dollars, decreasing the value of each rapidly.
 

fac191

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There is a big difference between parking cash for a dividend and speculating on the share price rising. People held Vodaphone shares for the dividend even though they never made any money really.
 

Checkswrecks

Ungenear to broked stuff
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There is a big difference between parking cash for a dividend and speculating on the share price rising. People held Vodaphone shares for the dividend even though they never made any money really.
Good point - there's a place for fixed income and probably will be till well into next year. But with the amounts of world debt that needs to be watched carefully.
 

Sierra1

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By now, everybody has heard about the new UK strain of covid. I don't think it started over there, and came here. I think it started everywhere because nobody is cleaning anything worth a shit. Just like antibiotic resistant diseases are the result of improper use of antibiotics. People are half-ass spraying disinfectant on things, using hand sanitizer, or just plain washing there hands with or without soap. They're not letting the disinfectant/sanitizer/soap have time to work. Whatever virus wasn't killed is going to mutate eventually.
 

fac191

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We have a program over here called Dragons Den. People pitch to a panel of investors, i think the investment is limited to an amount. Its the mind blowing evaluations they put on these companies that make you laugh. Clueless but think they are a business person.
 

Checkswrecks

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We have a program over here called Dragons Den. People pitch to a panel of investors, i think the investment is limited to an amount. Its the mind blowing evaluations they put on these companies that make you laugh. Clueless but think they are a business person.
I was going to say that most Americans are very familiar with a similar show called Shark Tank, but it turns out Shark Tank is a licensed version of Dragons Den, just like the UK version. The original was in Japan and called The Tigers of Money.

Learn something new every day.
 

fac191

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I was going to say that most Americans are very familiar with a similar show called Shark Tank, but it turns out Shark Tank is a licensed version of Dragons Den, just like the UK version. The original was in Japan and called The Tigers of Money.

Learn something new every day.
And it has not cost you anything. Always a bonus !
 
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