No matter how much money the government pulls in, it’s never enough, so the government has come up with a new plan.
A cashless society is something that many researchers have warned of for quite some time, and it appears the current crisis is being used to establish exactly that
Fink’s observation about the boost in the digital currency market is quite spot on, as trade sanctions on Russia have already led many countries that import oil and gas from them to look for alternate payment networks beyond centralized SWIFT.
Want to start investing but don't know where to start? Here's our complete list of advice and info on the stock market.
Read on for our collected wisdom on investing for beginners.
Fundamentals of investing:
What’s the REAL Rate of Return on the Stock Market?
Do NOT Make This Disastrous Beginner Mistake With Your Retirement Funds
The Dark Magic of Financial Horcruxes: How and Why to Diversify Your Assets
Dafuq Is Interest? And How Does It Work for the Forces of Darkness?
Booms, Busts, Bubbles, and Beanie Babies: How Economic Cycles Work
When Money in the Bank Is a Bad Thing: Understanding Inflation and Depreciation
Investing Deathmatch series:
Investing Deathmatch: Managed Funds vs. Index Funds
Investing Deathmatch: Traditional IRA vs. Roth IRA
Investing Deathmatch: Investing in the Stock Market vs. Just… Not
Investing Deathmatch: Stocks vs. Bonds
Investing Deathmatch: Timing the Market vs. Time IN the Market
Investing Deathmatch: Paying off Debt vs. Investing in the Stock Market
Now that we’ve covered the basics, are you ready to invest but don’t know where to begin? We recommend starting small with micro-investing through our partner Acorns. They’ll round up your purchases to the nearest dollar and invest the change in a nicely diversified portfolio of stocks, bonds, and ETFs. Easy as eating pancakes: Start small with Acorns
Alternative investments:
Bullshit Reasons Not to Buy a House: Refuted
Investing in Cryptocurrency is Bad and Stupid
So I Got Chickens, Part 1: Return on Investment
Twelve Reasons Senior Pets Are an Awesome Investment
How To Save for Retirement When You Make Less Than $30,000 a Year
Understanding the stock market:
Ask the Bitches Pandemic Lightning Round: “Did Congress Really Give $1.5 Trillion to Wall Street?”
Season 3, Episode 2: “I Inherited Money. Should I Pay Off Debt, Invest It, or Blow It All on a Car?”
Money Is Fake and GameStop Is King: What Happened When Reddit and a Meme Stock Tanked Hedge Funds
Season 3, Episode 7: “I’m Finished With the Basic Shit. What Are the Advanced Financial Steps That Only Rich People Know?”
Retirement plans:
Dafuq Is a Retirement Plan and Why Do You Need One?
Procrastinating on Opening a Retirement Account? Here’s 3 Ways That’ll Fuck You Over
How to Painlessly Run the Gauntlet of a 401k Rollover
Ask the Bitches: “Can I Quit With Unvested Funds? Or Am I Walking Away From Too Much Money?”
Workplace Benefits and Other Cool Side Effects of Employment
You Need to Talk to Your Parents About Their Retirement Plan
Got a retirement plan already? How about three or four? Have you been leaving a trail of abandoned 401(k)s behind you at every employer you quit? Did we just become best friends? Because that was literally my story until recently. Our partner Capitalize will help you quickly and painlessly get through a 401(k) rollover: Roll over your retirement fund with Capitalize
Recessions:
Season 1, Episode 12: “Should I Believe the Fear-Mongering about Another Recession?”
There’s a Storm a’Comin’: What We Know About the Next Recession
Ask the Bitches: How Do I Prepare for a Recession?
A Brief History of the 2008 Crash and Recession: We Were All So Fucked
Ask the Bitches Pandemic Lightning Round: “Is This the Right Time To Start Investing?”
The word “investing” is interesting because it can have different meanings.
For instance, we might say that an education is an investment in the future potential of the person being improved by the investment. In this case, the investment is what leads to the positive outcome. One might similarly invest in a start-up, a business which isn’t really on its own legs just yet but which it is hoped will become self-sufficient and offer valuable services or products to the public. Let’s call this “investing in development.”
Then there’s another kind of investing. For instance, like the stock market. When people buy stocks, this does not help or hurt the business. They sold their shares at some point in the past, and the purchase and selling of those stocks does not affect the company; it just determines who is entitled to equity in that company (i.e. profits). People buying Tesla stock or Apple stock are not “investing in development”. They are only investing in equity, in profits.
These two types of “investments” have very different effects on society. Investing in development can create new talent, new products, new ideas, and other things which improve society. Investing in equity basically just enriches the few who have that equity, and generally has the pronounced effect of increasing inequality and exploitation.
I want laws that promote investing in society, not equity for the 1%.
One interesting example is student loans. Student loans look like investing in development but actually functions as investing in equity. E.g. why are we charging interest in educational loans? (And why are we charging for education at all?)
I suppose this difference in meaning roughly aligns with the difference in non-profit and for-profit work, or socialism vs capitalism: Who is this meant to help? Society or the well-off? But both use the term “invest”, as well do, pretty much interchangeably.
stormborns
ellievsbear
areudirty
janainaart
pixelskylines
discoholicmusic
origamiaround
snowghoul
2087
