Paxter Posted October 15, 2022 Share Posted October 15, 2022 41 minutes ago, Wade1865 said: I never had a 401K; but if I did, it'd now be a 301K. I think long-term investors in diversified portfolios are still in pretty good shape, unless they only just got into investing during the pandemic. The main victims so far are people who put all their Covid savings into Bitcoin or Peleton. Wade1865 1 Quote Link to comment Share on other sites More sharing options...
Wade1865 Posted October 15, 2022 Share Posted October 15, 2022 33 minutes ago, Paxter said: I think long-term investors in diversified portfolios are still in pretty good shape, unless they only just got into investing during the pandemic. The main victims so far are people who put all their Covid savings into Bitcoin or Peleton. Paxter -- it was shocking to see those investments sink in value, and I sympathize given that I doubt they'll recover. I'm curious to see how the UK bond market performs on Monday, though it's beyond my understanding for now. According to this source, 401K savers have seen a 20% drop in Q2 2022, compared to a year prior; or a 15% drop from Q1. I wonder how Q3 numbers will turn out. Anecdotally this reflects the situation of at least one person I know. At this rate it'll be a 201K by next Summer. *** At the moment I'm consolidating cash for deployment and not buying anything (while holding current positions to avoid significant realized losses, hahaha). My tentative plan is to buy up reliable large-cap dividend stocks and hold for the long term; though, some tech stocks looks interesting. Quote Link to comment Share on other sites More sharing options...
BigFatCoward Posted October 16, 2022 Share Posted October 16, 2022 My stocks and shares ISA is performing terribly. Its meant to pay for the kids uni and a deposit for a house for them. It's about 5% down on what I invested and 15% down on 18 months ago. I know over 18 years it will make money but every time I check (which I know is pointless) I wish I'd just bought lottery tickets instead. Wade1865 1 Quote Link to comment Share on other sites More sharing options...
Paxter Posted October 16, 2022 Share Posted October 16, 2022 (edited) 3 hours ago, BigFatCoward said: My stocks and shares ISA is performing terribly. Its meant to pay for the kids uni and a deposit for a house for them. It's about 5% down on what I invested and 15% down on 18 months ago. I know over 18 years it will make money but every time I check (which I know is pointless) I wish I'd just bought lottery tickets instead. You’re doing the right thing. 5% down isn’t too bad (hopefully some dividends are playing an offsetting role) considering the broader market has fallen by much more. But I certainly feel your pain. Clearly you didn’t buy many or any overvalued tech stocks, which is a massive improvement over many other investors!! This week is going to be interesting. Emergency bond buying is over in the UK, being replaced only by a (repo) liquidity facility that banks (not pension funds) can access. If the banks don’t want to use these facilities (they aren’t free), we will likely see bond buying return. Edited October 16, 2022 by Paxter Wade1865 1 Quote Link to comment Share on other sites More sharing options...
Takiedevushkikakzvezdy Posted October 16, 2022 Share Posted October 16, 2022 53 minutes ago, Paxter said: Clearly you didn’t buy many or any overvalued tech stocks, which is a massive improvement over many other investors!! Speaking of which, is there a tech tread on this forum? Quote Link to comment Share on other sites More sharing options...
Wade1865 Posted October 28, 2022 Share Posted October 28, 2022 Free Speech -- Preserved I'm curious how many people will abandon Twitter, now that we have a champion of free speech taking over tomorrow. So long as the left wing retains the right to speak their minds (interaction and debate must continue), and the right wing doesn't get out of control (by engaging in reactionary cancel-culture); and deviants are constrained, Elon will be successful. Notable. Elon's new handle, Chief Twit Rumor of 75% firings is not true CEO and CFO fired TWTR's last price reached a high of $54.00 USD Quote Link to comment Share on other sites More sharing options...
Week Posted October 28, 2022 Share Posted October 28, 2022 5 minutes ago, Wade1865 said: Free Speech -- Preserved I'm curious how many people will abandon Twitter, now that we have a champion of free speech taking over tomorrow. So long as the left wing retains the right to speak their minds (interaction and debate must continue), and the right wing doesn't get out of control (by engaging in reactionary cancel-culture); and deviants are constrained, Elon will be successful. Notable. Elon's new handle, Chief Twit Rumor of 75% firings is not true CEO and CFO fired TWTR's last price reached a high of $54.00 USD None of this makes any sense at all. Twitter will either have very few changes or will die as an unusable service for a lot of people. Freeze peach arguments are mostly dead on the vine -- private actor and what not, not a public entity. Most of the 'banned' speech is harassment, hatespeech, and harmful disinformation. I've yet to see any examples of topics or dialogues that are banned and contribute to public discussion in a valuable and meaningful way. Wade1865 1 Quote Link to comment Share on other sites More sharing options...
Wade1865 Posted October 28, 2022 Share Posted October 28, 2022 (edited) On 9/16/2022 at 12:23 AM, Wade1865 said: RAIL STRIKE -- AVERTED ... RAIL STRIKE -- AT RISK Apparently, two unions refused to ratify the agreement despite its generosity. These unions represent 25% of the coalition's membership. Doesn't matter; the strike wouldn't occur until after the mid-terms. Well done, Uncle Joe ... well done Edited October 28, 2022 by Wade1865 edits in red Quote Link to comment Share on other sites More sharing options...
Wade1865 Posted October 28, 2022 Share Posted October 28, 2022 10 minutes ago, Week said: None of this makes any sense at all. Week -- I see we disagree; good, I like that. We can discuss this further, on Free Speech Twitter, without fear of censorship Quote Link to comment Share on other sites More sharing options...
Wade1865 Posted October 28, 2022 Share Posted October 28, 2022 Tribel -- a left-leaning (and -led) alternative, ranked 21st in social networking, could become a Twitter refuge, thanks to Elon! It has 1700 ratings, averaging 4.6 out of 5. No doubt, it will surpass all others. Keep an eye out for its IPO. In this Daily Beast article, the platform promises to be free of hate, misinformation, and bots; a place "that nurtures intelligence and kindness instead of hatred.” Ironically Notable Posts. “Lauren Boebert is an AJ char broiled boogedy~boogedy bats*** crazy C--T. and and IDIOT” “So what do we [do] about lindsay Gramme?” “The s*** sucking piece of hillbilly s*** is calling for riots... McConnell too. Investigate his chinese asset wife for colluding with china and trading state secrets. Skanky f****** b**** needs to rot in a cell too, for life.” “These mother f****** are terrorists and should be s***.” Asterisks are my edits; too graphic, even for me. Quote Link to comment Share on other sites More sharing options...
Week Posted October 28, 2022 Share Posted October 28, 2022 4 hours ago, Wade1865 said: Week -- I see we disagree; good, I like that. We can discuss this further, on Free Speech Twitter, without fear of censorship We could before. You still haven't provided any examples of freeze peach limitations that you found objectionable -- particularly those were Twitter was more restrictive than other platforms (Meta, YouTube, etc.) Wade1865 1 Quote Link to comment Share on other sites More sharing options...
Week Posted October 28, 2022 Share Posted October 28, 2022 (edited) One of many threads regarding the actual impact on Free Speech (hint: protection of speech from government retribution not censorship, as conservatives often confuse). More relevant detail: https://www.techdirt.com/2022/04/26/twitters-legal-team-has-been-an-aggressive-defender-of-free-speech-will-that-continue-under-musk/ Edited October 28, 2022 by Week Quote Link to comment Share on other sites More sharing options...
Heartofice Posted October 28, 2022 Share Posted October 28, 2022 11 hours ago, Wade1865 said: Free Speech -- Preserved I'm curious how many people will abandon Twitter, now that we have a champion of free speech taking over tomorrow. So long as the left wing retains the right to speak their minds (interaction and debate must continue), and the right wing doesn't get out of control (by engaging in reactionary cancel-culture); and deviants are constrained, Elon will be successful. Notable. Elon's new handle, Chief Twit Rumor of 75% firings is not true CEO and CFO fired TWTR's last price reached a high of $54.00 USD It really all depends what he does with it. It's very well being all about Free Speech, but if a lot of the platform is nameless bots and trolls just stirring up trouble then speech has almost no value. I don't know what his solutions will be, though he seems to have identified some of the problems that Twitter has. Personally I think far too much of the public discourse is distorted by 'stuff someone said on twitter', and mad comments made by some random below the line troll are given far too much weight (except of course if the troll is the President) The hysteria about his takeover is very telling however. I'm very interested to see what happens next. Wade1865 1 Quote Link to comment Share on other sites More sharing options...
Wade1865 Posted October 28, 2022 Share Posted October 28, 2022 7 hours ago, Week said: We could before. You still haven't provided any examples of freeze peach limitations that you found objectionable -- particularly those were Twitter was more restrictive than other platforms (Meta, YouTube, etc.) Week -- nah; old Twitter permanently banned the God Emperor, his freedom of speech was denied there. New Twitter will reverse that error, free speech will be restored. If you don’t like this, that’s not my problem Quote Link to comment Share on other sites More sharing options...
Week Posted October 28, 2022 Share Posted October 28, 2022 26 minutes ago, Wade1865 said: Week -- nah; old Twitter permanently banned the God Emperor, his freedom of speech was denied there. New Twitter will reverse that error, free speech will be restored. If you don’t like this, that’s not my problem Stop misusing the term free speech - what you're referencing had literally nothing to do with free speech. You are talking about content moderation - which all platforms do (other than 8kun and all that shit). Kalnestk Oblast and Wade1865 1 1 Quote Link to comment Share on other sites More sharing options...
Heartofice Posted October 28, 2022 Share Posted October 28, 2022 I mean this is probably another topic not meant for the Investments thread, but quite often it boils down to whether something like Twitter can be viewed as a private company who can make whatever rules they wish and moderate as they wish, or is it a 'public town square' where 'free speech' rules are aligned to national policy and law. That has been the struggle for a while. Musk is clearly in the town square camp, but that raises a hell of a lot of challenges and unless he knows something we don't it's going to be very difficult to create that environment or bring about the vision he is claiming is possible. Wade1865 1 Quote Link to comment Share on other sites More sharing options...
Wade1865 Posted October 28, 2022 Share Posted October 28, 2022 3 minutes ago, Week said: Stop misusing the term free speech - what you're referencing had literally nothing to do with free speech. You are talking about content moderation - which all platforms do (other than 8kun and all that shit). Week -- I don't care how you define free speech; I'll use the term as I see fit. When the God Emperor was permanently banned, his freedom of speech was denied on the platform. Though, it's irrelevant at this point; he will regain his voice on Twitter. Adios, Parag & Ned, et al. Adios! Heartofice 1 Quote Link to comment Share on other sites More sharing options...
Wade1865 Posted October 28, 2022 Share Posted October 28, 2022 6 minutes ago, Heartofice said: I mean this is probably another topic not meant for the Investments thread, but quite often it boils down to whether something like Twitter can be viewed as a private company who can make whatever rules they wish and moderate as they wish, or is it a 'public town square' where 'free speech' rules are aligned to national policy and law. That has been the struggle for a while. Musk is clearly in the town square camp, but that raises a hell of a lot of challenges and unless he knows something we don't it's going to be very difficult to create that environment or bring about the vision he is claiming is possible. Heartofice -- I'll allow it; it fits well here, especially as a consideration if TWTR returns to the market. For now, if Elon pursues the "town square" approach, especially if he facilitates profit for influencers (on both sides), the platform could become more profitable. We want the left wing and the right to particpate; to interact; to engage. We don't want it to turn into 4chan or Tribel. Quote Link to comment Share on other sites More sharing options...
Week Posted October 28, 2022 Share Posted October 28, 2022 24 minutes ago, Wade1865 said: Week -- I don't care how you define free speech; I'll use the term as I see fit. When the God Emperor was permanently banned, his freedom of speech was denied on the platform. Though, it's irrelevant at this point; he will regain his voice on Twitter. Adios, Parag & Ned, et al. Adios! Ok, well, excellent engagement. I'll leave you to your confusion. Hope that the burgeoning deluge of racism, Nazism, and abuse that has already begun is more to your taste for content moderation. The outgoing leadership did a lot of work to protect Free Speech -- i.e., protection FROM THE GOVERNMENT -- that I liked above. Feel free to better educate yourself. Wade1865 1 Quote Link to comment Share on other sites More sharing options...
Wade1865 Posted October 28, 2022 Share Posted October 28, 2022 2 minutes ago, Week said: Ok, well, excellent engagement. I'll leave you to your confusion. Hope that the burgeoning deluge of racism, Nazism, and abuse that has already begun is more to your taste for content moderation. The outgoing leadership did a lot of work to protect Free Speech -- i.e., protection FROM THE GOVERNMENT -- that I liked above. Feel free to better educate yourself. Week -- thanks for your concern, but there's no confusion here about what free speech means to me re to the God Emperor. Correspondigly, I don't want to see my ideological opponents marginalized. As Lindy wrote on Twitter, "Don't leave...Don't cede...This is our ... town square, too." Quote Link to comment Share on other sites More sharing options...
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