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Thread: The Automation Spiral (obligatory loleconomics thread v2)

  1. #1521
    Donor erichkknaar's Avatar
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    Karl Marx: On optimizing your piece of the means of production...
    meh

  2. #1522
    Keckers's Avatar
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    Quote Originally Posted by Dorvil Barranis View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Isyel View Post
    No, psure it was "do your homework first" all along.
    Eh what's the point? If you have cash lying around you may as well gamble with it since putting it in a savings account is a complete waste of time now.
    What is the point of doing research before investing? Are communists really that bad at capitalism?
    It isn't like the market is rational at the moment or that the majority of price movements make any sense.
    Look, the wages you withheld from the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord of Hosts. You have lived on earth in luxury and self-indulgence. You have fattened yourselves for slaughter.

  3. #1523
    Djan Seriy Anaplian's Avatar
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    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Dorvil Barranis View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Isyel View Post
    No, psure it was "do your homework first" all along.
    Eh what's the point? If you have cash lying around you may as well gamble with it since putting it in a savings account is a complete waste of time now.
    What is the point of doing research before investing? Are communists really that bad at capitalism?
    It isn't like the market is rational at the moment or that the majority of price movements make any sense.
    So don’t invest it in the market.

  4. #1524
    Movember 2011Movember 2012 Nordstern's Avatar
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    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Dorvil Barranis View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Isyel View Post
    No, psure it was "do your homework first" all along.
    Eh what's the point? If you have cash lying around you may as well gamble with it since putting it in a savings account is a complete waste of time now.
    What is the point of doing research before investing? Are communists really that bad at capitalism?
    It isn't like the market is rational at the moment or that the majority of price movements make any sense.
    So don’t invest it in the market.
    No. Do invest in the market, but don't be foolish.

    I agree with Keckers, the market is completely bonkers and using the traditional methods to gauge whether to buy or sell is being overshadowed by Fed policy. The Feds recently announced another 3 trillion in spending, and now they're looking at buying junk-rated bonds. This is unprecedented. They are prohibited from buying equities, but there are signals they may do it anyway.

    10% inflation due to massive stimulus is preferable to the wipeout of retirement accounts. Do not fight the Fed.
    Last edited by Nordstern; May 6 2020 at 07:25:26 PM.
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
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    WTF I hate white people now...
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  5. #1525
    Djan Seriy Anaplian's Avatar
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    Quote Originally Posted by Nordstern View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Dorvil Barranis View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Isyel View Post
    No, psure it was "do your homework first" all along.
    Eh what's the point? If you have cash lying around you may as well gamble with it since putting it in a savings account is a complete waste of time now.
    What is the point of doing research before investing? Are communists really that bad at capitalism?
    It isn't like the market is rational at the moment or that the majority of price movements make any sense.
    So don’t invest it in the market.
    No. Do invest in the market, but don't be foolish.

    I agree with Keckers, the market is completely bonkers and using the traditional methods to gauge whether to buy or sell is being overshadowed by Fed policy. The Feds recently announced another 3 trillion in spending, and now they're looking at buying junk-rated bonds. This is unprecedented. They are prohibited from buying equities, but there are signals they may do it anyway.

    10% inflation due to massive stimulus is preferable to the wipeout of retirement accounts. Do not fight the Fed.
    No, take your capital and put it in property. Far easier and generally better returns, to realise a greater yield from stocks you need to seriously know what you’re doing.

    Shit you could get 2.5-3% just on long deposit before corona.

    If you don’t have the capital to do that then sure trade your way up to it, but it’s incredibly difficult to realise consistent gains until you have the 50k US to put into property in a university town.

  6. #1526
    Lachesis VII's Avatar
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    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Nordstern View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Dorvil Barranis View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Isyel View Post
    No, psure it was "do your homework first" all along.
    Eh what's the point? If you have cash lying around you may as well gamble with it since putting it in a savings account is a complete waste of time now.
    What is the point of doing research before investing? Are communists really that bad at capitalism?
    It isn't like the market is rational at the moment or that the majority of price movements make any sense.
    So don’t invest it in the market.
    No. Do invest in the market, but don't be foolish.

    I agree with Keckers, the market is completely bonkers and using the traditional methods to gauge whether to buy or sell is being overshadowed by Fed policy. The Feds recently announced another 3 trillion in spending, and now they're looking at buying junk-rated bonds. This is unprecedented. They are prohibited from buying equities, but there are signals they may do it anyway.

    10% inflation due to massive stimulus is preferable to the wipeout of retirement accounts. Do not fight the Fed.
    No, take your capital and put it in property. Far easier and generally better returns, to realise a greater yield from stocks you need to seriously know what you’re doing.

    Shit you could get 2.5-3% just on long deposit before corona.

    If you don’t have the capital to do that then sure trade your way up to it, but it’s incredibly difficult to realise consistent gains until you have the 50k US to put into property in a university town.
    Lol what are you buying for 50k in a uni town?

  7. #1527
    Donor erichkknaar's Avatar
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    Quote Originally Posted by Lachesis VII View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Nordstern View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Dorvil Barranis View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Isyel View Post
    No, psure it was "do your homework first" all along.
    Eh what's the point? If you have cash lying around you may as well gamble with it since putting it in a savings account is a complete waste of time now.
    What is the point of doing research before investing? Are communists really that bad at capitalism?
    It isn't like the market is rational at the moment or that the majority of price movements make any sense.
    So don’t invest it in the market.
    No. Do invest in the market, but don't be foolish.

    I agree with Keckers, the market is completely bonkers and using the traditional methods to gauge whether to buy or sell is being overshadowed by Fed policy. The Feds recently announced another 3 trillion in spending, and now they're looking at buying junk-rated bonds. This is unprecedented. They are prohibited from buying equities, but there are signals they may do it anyway.

    10% inflation due to massive stimulus is preferable to the wipeout of retirement accounts. Do not fight the Fed.
    No, take your capital and put it in property. Far easier and generally better returns, to realise a greater yield from stocks you need to seriously know what you’re doing.

    Shit you could get 2.5-3% just on long deposit before corona.

    If you don’t have the capital to do that then sure trade your way up to it, but it’s incredibly difficult to realise consistent gains until you have the 50k US to put into property in a university town.
    Lol what are you buying for 50k in a uni town?
    A "project"
    meh

  8. #1528
    Djan Seriy Anaplian's Avatar
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    Quote Originally Posted by Lachesis VII View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Nordstern View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Dorvil Barranis View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Isyel View Post
    No, psure it was "do your homework first" all along.
    Eh what's the point? If you have cash lying around you may as well gamble with it since putting it in a savings account is a complete waste of time now.
    What is the point of doing research before investing? Are communists really that bad at capitalism?
    It isn't like the market is rational at the moment or that the majority of price movements make any sense.
    So don’t invest it in the market.
    No. Do invest in the market, but don't be foolish.

    I agree with Keckers, the market is completely bonkers and using the traditional methods to gauge whether to buy or sell is being overshadowed by Fed policy. The Feds recently announced another 3 trillion in spending, and now they're looking at buying junk-rated bonds. This is unprecedented. They are prohibited from buying equities, but there are signals they may do it anyway.

    10% inflation due to massive stimulus is preferable to the wipeout of retirement accounts. Do not fight the Fed.
    No, take your capital and put it in property. Far easier and generally better returns, to realise a greater yield from stocks you need to seriously know what you’re doing.

    Shit you could get 2.5-3% just on long deposit before corona.

    If you don’t have the capital to do that then sure trade your way up to it, but it’s incredibly difficult to realise consistent gains until you have the 50k US to put into property in a university town.
    Lol what are you buying for 50k in a uni town?
    50-75k GBP yields about 10-12% in a typical UK uni town. Guess it’s different in the US?

  9. #1529
    Donor erichkknaar's Avatar
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    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Lachesis VII View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Nordstern View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Dorvil Barranis View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Isyel View Post
    No, psure it was "do your homework first" all along.
    Eh what's the point? If you have cash lying around you may as well gamble with it since putting it in a savings account is a complete waste of time now.
    What is the point of doing research before investing? Are communists really that bad at capitalism?
    It isn't like the market is rational at the moment or that the majority of price movements make any sense.
    So don’t invest it in the market.
    No. Do invest in the market, but don't be foolish.

    I agree with Keckers, the market is completely bonkers and using the traditional methods to gauge whether to buy or sell is being overshadowed by Fed policy. The Feds recently announced another 3 trillion in spending, and now they're looking at buying junk-rated bonds. This is unprecedented. They are prohibited from buying equities, but there are signals they may do it anyway.

    10% inflation due to massive stimulus is preferable to the wipeout of retirement accounts. Do not fight the Fed.
    No, take your capital and put it in property. Far easier and generally better returns, to realise a greater yield from stocks you need to seriously know what you’re doing.

    Shit you could get 2.5-3% just on long deposit before corona.

    If you don’t have the capital to do that then sure trade your way up to it, but it’s incredibly difficult to realise consistent gains until you have the 50k US to put into property in a university town.
    Lol what are you buying for 50k in a uni town?
    50-75k GBP yields about 10-12% in a typical UK uni town. Guess it’s different in the US?
    I mean, I filtered on $50k in Athens, GA (because I like the bands from there) which is a random State-University (not the best, not terrible) in the SOuth, which should be cheap(er) and you can buy a shitty old lot with an abandoned auto mechanic business on it (I'm going to guess there's environmental clean up here too, idk, caveat emptor).

    https://www.realtor.com/realestatean...-80422?view=qv

    You need $120k to get into the rental apartment market there I'd say.
    meh

  10. #1530
    Totally Not Larkonnis's Avatar
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    Quote Originally Posted by Djan Seriy Anaplian View Post
    No, take your capital and put it in property. Far easier and generally better returns, to realise a greater yield from stocks you need to seriously know what you’re doing.

    Shit you could get 2.5-3% just on long deposit before corona.

    If you don’t have the capital to do that then sure trade your way up to it, but it’s incredibly difficult to realise consistent gains until you have the 50k US to put into property in a university town.
    >2020
    >Investing in property
    >Investing in property in a university town

    Are you a boomer?


  11. #1531
    Djan Seriy Anaplian's Avatar
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    Quote Originally Posted by Totally Not Larkonnis View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    No, take your capital and put it in property. Far easier and generally better returns, to realise a greater yield from stocks you need to seriously know what you’re doing.

    Shit you could get 2.5-3% just on long deposit before corona.

    If you don’t have the capital to do that then sure trade your way up to it, but it’s incredibly difficult to realise consistent gains until you have the 50k US to put into property in a university town.
    >2020
    >Investing in property
    >Investing in property in a university town

    Are you a boomer?
    It’s probably the best bet in the UK unless you really know what you’re doing. It’s very hard to consistently realise over 12% gains with stocks, and the risk is far higher.

    Moreover you tend to get an instant capital injection with 6 months rent upfront in UK university towns because foreign students don’t have guarantors. Dunno the guarantor law in the US but it’s part of what makes it so attractive in the UK

  12. #1532
    Keckers's Avatar
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    >having enough to invest in a uni town rental property

    You're now talking to a negligible proportion of the population below the age of 50
    Look, the wages you withheld from the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord of Hosts. You have lived on earth in luxury and self-indulgence. You have fattened yourselves for slaughter.

  13. #1533
    Djan Seriy Anaplian's Avatar
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    Quote Originally Posted by erichkknaar View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Lachesis VII View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Nordstern View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Dorvil Barranis View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Isyel View Post
    No, psure it was "do your homework first" all along.
    Eh what's the point? If you have cash lying around you may as well gamble with it since putting it in a savings account is a complete waste of time now.
    What is the point of doing research before investing? Are communists really that bad at capitalism?
    It isn't like the market is rational at the moment or that the majority of price movements make any sense.
    So don’t invest it in the market.
    No. Do invest in the market, but don't be foolish.

    I agree with Keckers, the market is completely bonkers and using the traditional methods to gauge whether to buy or sell is being overshadowed by Fed policy. The Feds recently announced another 3 trillion in spending, and now they're looking at buying junk-rated bonds. This is unprecedented. They are prohibited from buying equities, but there are signals they may do it anyway.

    10% inflation due to massive stimulus is preferable to the wipeout of retirement accounts. Do not fight the Fed.
    No, take your capital and put it in property. Far easier and generally better returns, to realise a greater yield from stocks you need to seriously know what you’re doing.

    Shit you could get 2.5-3% just on long deposit before corona.

    If you don’t have the capital to do that then sure trade your way up to it, but it’s incredibly difficult to realise consistent gains until you have the 50k US to put into property in a university town.
    Lol what are you buying for 50k in a uni town?
    50-75k GBP yields about 10-12% in a typical UK uni town. Guess it’s different in the US?
    I mean, I filtered on $50k in Athens, GA (because I like the bands from there) which is a random State-University (not the best, not terrible) in the SOuth, which should be cheap(er) and you can buy a shitty old lot with an abandoned auto mechanic business on it (I'm going to guess there's environmental clean up here too, idk, caveat emptor).

    https://www.realtor.com/realestatean...-80422?view=qv

    You need $120k to get into the rental apartment market there I'd say.
    Fair enough. Is that why retail investing seems to be so popular in the US? Over here if you have a decent chunk of capital property is generally the better bet.

  14. #1534
    Donor Spaztick's Avatar
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    mortgage rates will be in the dirt so if you ever wanted to buy property this is your year

  15. #1535
    Djan Seriy Anaplian's Avatar
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    Quote Originally Posted by Keckers View Post
    >having enough to invest in a uni town rental property

    You're now talking to a negligible proportion of the population below the age of 50
    Mm fair enough. There really needs to be an asset tax tbh, the system is very stacked.

  16. #1536
    Donor erichkknaar's Avatar
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    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by erichkknaar View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Lachesis VII View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Nordstern View Post
    Quote Originally Posted by Djan Seriy Anaplian View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Dorvil Barranis View Post
    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by Isyel View Post
    No, psure it was "do your homework first" all along.
    Eh what's the point? If you have cash lying around you may as well gamble with it since putting it in a savings account is a complete waste of time now.
    What is the point of doing research before investing? Are communists really that bad at capitalism?
    It isn't like the market is rational at the moment or that the majority of price movements make any sense.
    So don’t invest it in the market.
    No. Do invest in the market, but don't be foolish.

    I agree with Keckers, the market is completely bonkers and using the traditional methods to gauge whether to buy or sell is being overshadowed by Fed policy. The Feds recently announced another 3 trillion in spending, and now they're looking at buying junk-rated bonds. This is unprecedented. They are prohibited from buying equities, but there are signals they may do it anyway.

    10% inflation due to massive stimulus is preferable to the wipeout of retirement accounts. Do not fight the Fed.
    No, take your capital and put it in property. Far easier and generally better returns, to realise a greater yield from stocks you need to seriously know what you’re doing.

    Shit you could get 2.5-3% just on long deposit before corona.

    If you don’t have the capital to do that then sure trade your way up to it, but it’s incredibly difficult to realise consistent gains until you have the 50k US to put into property in a university town.
    Lol what are you buying for 50k in a uni town?
    50-75k GBP yields about 10-12% in a typical UK uni town. Guess it’s different in the US?
    I mean, I filtered on $50k in Athens, GA (because I like the bands from there) which is a random State-University (not the best, not terrible) in the SOuth, which should be cheap(er) and you can buy a shitty old lot with an abandoned auto mechanic business on it (I'm going to guess there's environmental clean up here too, idk, caveat emptor).

    https://www.realtor.com/realestatean...-80422?view=qv

    You need $120k to get into the rental apartment market there I'd say.
    Fair enough. Is that why retail investing seems to be so popular in the US? Over here if you have a decent chunk of capital property is generally the better bet.
    Property is the better bet here too. Just a higher price, generally.
    meh

  17. #1537
    Totally Not Larkonnis's Avatar
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    With everything that's going on right now property is a pretty insecure investment.
    Universities moving to online courses.
    Airbnbs getting taxed out of existence
    Chinese boomers dying at a rate that they can't continue investing in properties in Australia/Canada/Seattle.


  18. #1538
    Donor erichkknaar's Avatar
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    Quote Originally Posted by Totally Not Larkonnis View Post
    With everything that's going on right now property is a pretty insecure investment.
    Universities moving to online courses.
    Airbnbs getting taxed out of existence
    Chinese boomers dying at a rate that they can't continue investing in properties in Australia/Canada/Seattle.
    Which opens those properties up on the market, for younger Australians/Canadians/Americans.
    meh

  19. #1539
    Kai's Avatar
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    Which creates downward pressure on the market (at least initially).

    Australian property market is likely to get hit by reduced overseas investment, reduced population growth over the next 12 months and glut of projects completing that were started in the boom.

    Hopefully (but unlikely) add in massive stimulus to social housing as part of the response to the recession.

    So yeah, we should see a significant correction in the housing market. Which will suck if you bought 18 months ago (ie at the top of our market) but otherwise shouldn't be too much of an issue. The fundamentals of property investing in Australia hasn't changed: significant urban population growth in major centres, politically friendly investing environment and low interest rates over the near to medium term.

  20. #1540
    Venec's Avatar
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    >having any meaningful savings

    L
    O
    L

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