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Posts
10
Comments
602
Joined
2 yr. ago

  • That's definitely possible, but unlikely. And, with a long enough timeline to retirement, you'd still come out ahead if your asset allocation was correct.

    In the Great Depression, the market recovered to its 1929 peak in under 30 years. So, theoretically, if we had another great depression right now, people under 35 or so would be OK even if they were 100% in equities. The older you are and more overleveraged toward equities, obviously the worse off you'd be. https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

    Assuming we will have another black swan event of the same magnitude as the Great Depression is a longshot. Could it happen? Yeah. Is it a safe bet to stake your retirement on? No.

    I am not a financial advisor, and this is not financial advice, but making drastic moves based on stock market fluctuations is generally not a good idea. What is a good idea is managing your risk exposure and diversifying your investment vehicles.

  • Damn. You're right. Those journalists were sneaky slipping in this quote and not challenging/clarifying it:

    “We took a 13,000-year-old tooth, and a 74,000-year-old skull, and we made puppies,” Lamm told The Debrief.

  • Reporter:😐💭👨‍🦳

    Tuberville: "Entire mens basketball teams are juiced to the gills on E. I've seen it. These boys could try to compete with the other boys teams, but why bother? They figure "Gee. I could train hard, or I could just go beat a buncha girls. As a pretty girl. I could wear swooshy skirts and have cute long hair. And everyone would treat me like a girl because I'd be a girl. A pretty, fun, cute girl who believes in herself." And so of course that's what they do! That's what I'd do. If I still played sports, I'd think about how much easier it'd be to compete as a girl. Not that I ever did think about it. About being a pretty girl and wearing swooshy skirts. But you could imagine how these young men would be tempted by something like that."

    Reporter: 🤔💭🥚

  • Assuming you have at least 10yrs to retirement, that isn't necessarily a sensible move. Ok - so you've gotten out of equities to limit risk in the short-mid term. Great, you will lose less than if you were more exposed to equities.

    If you believe that the economy will recover, as it has every time a recession has hit, then you will need to get back into equities. That requires calling the bottom correctly. If you do not continue DCAing into equities as they fall and/or do not re-buy at less than you sold for, you will not benefit from the recovery. Essentially, you are solidifying your losses and potentially missing out on future gains - which can come at extremely unpredictable times.

    It makes more sense to ensure you're at your target allocation, then DCA like you always should be doing all the way down. Then you are at your accepted risk level and get to benefit from the economic recovery - which will come eventually. If you dont need the money soon, the best thing you can do (historically speaking) is hold on to your investments and just keep investing.

  • I was thinking this was bs - like they just bred a big, wolf-like dog and called it a dire wolf. But no! They took genetic material from dire wolf remains and made dire wolf puppies! Wow. That's pretty wild.

    Edit: nvm. Yeah they lyin'.

  • Permanently Deleted

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  • It's all about intent. If the intent is to gain some romantic connection by liking a picture or something, it doesn't really matter how successful it is at achieving that goal. Same as if you are at a club and try to kiss someone but they dodge it or something - you still tried to cheat, you just happened to fail. The point is you're trying to get romantic validation outside your relationship (that you and your partner have agreed is not OK) to some degree.

    But if you see your partner liking someone's post and you accuse them of cheating because of that alone, you're an absolute psycho.

  • Because we have an extremely strong propaganda machine enforcing the status quo and are also a very geographically dispersed country. The news media in America has a long history of under-reporting protest movements here.

  • People in the US often misunderstand what sorts of speech can be "free". There's plenty of restricted speech in the US - hate speech can intensify the sentencing on crimes, libel and slander are both punishable civilly, speech that directs or is likely to incite "imminent lawless action" (e.g. yelling fire in a crowded theater - that is actually the legal reason for why you can't do that if there isn't a fire).

    That doesn't even begin to cover the sorts of speech that are heavily suppressed by the government and media but aren't legally restricted - like how the media chooses not to cover large popular protests sometimes (famously, the antiwar protests around the invasion of Iraq/Afghanistan), or gives disproportional representation to counter protesters to give the illusion that both sides are equally popular, or how anti-capitalist stances are generally ignored or downplayed. Not illegal, but if you can't really engage in those sorts of speech publicly, they may as well be.