Money

[mWttrs2]

I don't think about money very often. I think money is important but not enough to do something illegal or immoral (such as selling drugs or impersonating people). They solve many problems and can bring joy, but they will not save you from old age or sometimes from illness. nor will they bring the same happyness as, for example, spending time with loved ones or friends. This is only my opinion.

 

[Leo]

without money, you'd never be able to buy homemade fruit.

 

[version]

Anyone been following this stuff with GameStop and WallStreetBets?

How WallStreetBets Pushed GameStop Shares to the Moon

Short sellers have been called a lot of things. Bloodsuckers. Parasites. Other words not fit to print. Now in the vortex engulfing GameStop Corp., they have a new name: the establishment.

www.bloomberg.com

 

[Pandiculate]

Anyone been following this stuff with GameStop and WallStreetBets?

How WallStreetBets Pushed GameStop Shares to the Moon

Short sellers have been called a lot of things. Bloodsuckers. Parasites. Other words not fit to print. Now in the vortex engulfing GameStop Corp., they have a new name: the establishment.

www.bloomberg.com

that was an interesting read. The last bit shocked me a bit, that guy that kicked it all off has made about $11m on it.

 

[yyaldrin]

there's something weird going on atm, i'm hearing lots and lots of people investing in stocks atm.

 

[yyaldrin]

 

[entertainment]

there's something weird going on atm, i'm hearing lots and lots of people investing in stocks atm.

there is apparently a proliferation going on of trading apps that prey on young and inexperienced people. advertising how their platform makes trading and investing into something simple and accessible to everyone while neglecting to inform properly about risks involved in the moves available.

Robinhood Has Lured Young Traders, Sometimes With Devastating Results (Published 2020)

Its users buy and sell the riskiest financial products and do so more frequently than customers at other retail brokerage firms, but their inexperience can lead to staggering losses.

www.nytimes.com

 

[Pandiculate]

Is it not a major force behind Tesla's value skyrocketing? It's a 'cool' brand and elon musk is popular on the internet so people have piled in.

 

[Corpsey]

I've started reading a book about personal finance (yayyy!) called Your Money or Your Life.

I never finished this book, or stuck to its dictats.

Bloody fool.

 

[entertainment]

Is it not a major force behind Tesla's value skyrocketing? It's a 'cool' brand and elon musk is popular on the internet so people have piled in.

well theoretically it shouldn't be because if it was the case that the price was unnaturally above the forecasts for expected earnings, then market would react by shorting it which would bring the price down again to it's natural level.

but that all depends how efficient you think the market is

 

[catalog]

Is hmg getting paid to promote bitcoin to us?

 

[luka]

Isn't the theory that pyramid schemes work in that way anyway without any need for salaried boosters?

 

[HMGovt’s Glorious Return!]

there's something weird going on atm, i'm hearing lots and lots of people investing in stocks atm.

Time to sell

 

[HMGovt’s Glorious Return!]

Is hmg getting paid to promote bitcoin to us?

Yuh, by the CEO of bitcoin

 

[HMGovt’s Glorious Return!]

Here's a decent thread on GameSpot

 

[catalog]

"neckbeard cat guy"

 

[luka]

i love money. and to hold money in your hands gives you a necessary reminder of what it means. when i pick up the notes i have saved up this month, i pick up the stack and as i run my hands down it i pick up memories and i remember the young irish couple and he was saying come and live in london and she was irish speaking and he translated the poem to her and she told me how to say Luke, my name is Luke and that money was money that he earned in the way that he earned it, that he decided to give on to me, in return for services rendered

 

[luka]

and i can see their faces very plainly and more than that i can feel their exact presence and how it felt to be in their company. quite unusual. and strangely magical. funny teeth. very short. not genetically favoured but there was something quite special about them

 

[luka]

sounds like im laughing, which i am, but i also mean it, like i was quite moved by them at the time, and the kind of archetypal dimension their story had and i was deeply moved remebering them as i did when i was loking at my dirty banknotes

 

[luka]

you get a sense for all that i deeply admire not so much in marxist thought but in marxist perception