Imagine thinking that the people who own the best performing asset 10 of the last 13 years (by orders of magnitude) are morons. Couldn't be me
I like investing in a diversified portfolio of Index funds, stonks, crypto, and money market funds. AMA
You mad…lol. Nah I’m good. That chart should explain why. I stopped wasting time years ago trying to talk to people about btc who just scream ponzi, crime, and whatever other surface level talking point they heard a few times.
I would why someone would identify the primary method of payment for online crime for like, years, with crime. Strange
Sigh. Think for a second about why criminals wouldn’t want to use a public ledger to commit crimes. Btc is law enforcement’s best friend for tracking crime. And lol at primary method. Sir, may I introduce you to the…dollar. The nasty dollar is also used for wars; really a terrible thing that you support.
This all ignores the fact that it was used to commit lots and lots and lots of crimes. That was really its sole purpose at inception. To do the crimes.
Sole purpose at inception. Man. Carry on with whatever you think on this point. It’s all wrong and not worth more of my time.
I literally just linked a longform article about the lady that was largely responsible for proving Bitcoin to be trackable in the longform thread this morning. Also I was on the internet in 2012 and 2013. I'm not wrong.
Also - back to the real, non-financial economy. Damn this is awesome. Roaring 80's and 90's as Millenials enter their prime working years for the next two decades? Sign me up
Or are we pretending people were paying millions of dollars to do crimes on Silk Road with pixie dust and good vibes?
At inception and for quite a while after, btc didn’t even have a trading price. You have no clue what you’re talking about on this subject. Dollars though…great for doing the crime. And the war.
“I did that” Biden stickers should be placed on the corners of every tv in a public place that have a stock market ticker. Guerilla marketing baby.
As someone who was naive about the market and threw their new car savings money into SPY at the top in November of ‘21, I’m really enjoying this bull run and being in the green again.
Does anyone lean toward (or at least diversify with) an actively managed fund? E.g. FCNTX which has been around forever (0.55 expense ratio) or the actively managed ETFs fidelity converted from mutual funds last year like FELG (0.18)? Have been an broad market passive ETF guy but for 15 or so bps it might be worth it
Ford had a nice earnings Interesting they have a skunkworks team working round the clock on a low cost EV Bring back the Focus you cowards
I decided this week would be my first dip into selling covered calls bc I have a bunch of Ford and I did not expect a 20% run in a week. Every time I try to do something like this it’s more apparent that I just need to buy VTI and ignore everything else
Bitcoin mining and data centers driven by AI are going to become a real problem for the electric grid.
the data centers in Columbus are being pretty much powered by massive solar fields that are being installed simultaneously nearby- they are just eating up farmland at a crazy rate east and south of Columbus
I know of a single data center in GA that would consume the entire output of the new nuke plant and it is one of many. With the current forecast of generation closings something will have to give. Solar and wind cannot bridge the gap.
the scale of these data centers is absolutely terrifying, Amazon is building a nuke/emp/missile proof one in Columbus that will house its new AI brain so thats uhhh neat but I'm making a bunch of money off of them so
GA power will not currently accept any data center load because of capacity constraints and they don’t bring enough jobs and tax base. Gonna get much worse if pending EPA regulations go through.
I’m really of no value here, but that seems like a good bps for an actively managed fund. I guess it all comes down to if you think the fund can beat the market over the long term (through your targeted retirement date). Personally, just knowing that 90% of actively managed funds don’t beat the market keeps me in passive funds. At the very least I know I’m keeping pace with the market whatever it’s doing. Maybe put 5% of your portfolio in there?
Best bet for equities are a passive ETF. If you’re looking at Fixed Income then active could be worth it depending on fees and manager. Unless you want to put money into an actively managed fund that focuses on a specific equity sector or style.
A nephew of mine just got an internship there, was told not to worry about his position since they needed cheap labor to backfill the layoffs.
I'm glad that we've progressed to "Don't worry about your job if we aren't paying you anything anyway" phase of the economic cycle. Maybe they can load a bunch of Cosmo Kramers that can pretend to work there for a while.
As part of my work I have spent the last 3-4 months learning the data center real estate business. A couple interesting nuggets - All of the major data center markets in the country are completely out of power for the next three years. The utilities are completely overwhelmed and not prepared to ramp up energy production for the demand, today. - The top 5 data center customers - Amazon, Oracle, Google, Meta, and one other I can’t remember make up 80% of all data center leasing/buying right now. AI is supposed to be about to create hockey stick like growth in demand from these companies (above already elevated levels of demand). Because of that concentration in a few companies, despite the supply demand imbalance these companies still have incredible pricing power over developers (rent growth last year was about 10% when you might’ve thought 30%). - These companies are buying/leasing any serious power basically anywhere in the country right now. Multi billion dollar data centers are being built in the middle of Indiana. - The federal government views data centers as a national security priority in the same vein as other “re-shoring” drives for manufacturing, vaccine production etc given current global environment. There is unlimited money to pursue data center development that fits into the national security objective. One can debate whether that is “right”, but in the construct of capitalism, where there is “unlimited” money, problem specific solutions will follow. What the unintended consequences are will be dealt with when they arise. Not a financial advisor…if you are considering investing in the idea are two major REITs that control a lot of the market, Blackstone has developed a very competitive business at the scale needed to be a real player, and any form of investment you can make in power generation (manufacturers related to the increase in power generation in particular) wouldn’t be bad ways to take a position, in my slightly more educated than regular Joe opinion.
I work in a different critical infrastructure sector and have been interested in getting into this field somehow. Seems like it’s not stopping anytime soon.
I think one of the bigger policy regrets of the last 30 years will be the lack of nuclear power investment.
Unfortunately investing in bx is a waste of time imo. That stick exists so it can be given as bonuses then bought back and then given in bonuses. No benefit to the bag holders it’s sold to
Agreed but at this point nuke will not solve the issue. Even the one small modular reactor project in the US has been scrapped due to cost. Planned generation shutdowns of coal of the next decade will put our generation capacity in a hole compared to demand, so much so some state regulators have told them they cannot shut down. Renewables cannot fill the gap with any amount of dependability. Some of the pending EPA regulations need to be tossed and we need to build some more combined cycle gas plants.
Roth IRA question. So you can withdraw contributions tax and penalty free at any time, but HOW do you make sure to only withdraw the contribution? Is it purely a "money in minus withdrawal amount" type thing or does it matter what you sell specifically to withdraw?