notfinancialadvice

[notfinancialadvice]

[notfinancialadvice]

You have to ask yourself where the benefit is to the privatization, and to whom.

It’s easy to get hit with the head “it costs a billion pounds to handle this every year!” Which sounds like a lot

I am making up “a billion pounds” to show an example

Let’s do math!

Let’s round this to 56 million for easy math

Let’s say only 1/2 the population is paying taxes (it’s higher but let’s go with easy math)

So 28 million tax payers

So every year a service costs a billion pounds per year, it costs a tax payer less than £3 a month.

Which of course begs the question “how much is that in relation to the salary?

So £35.72 per year (I rounded up without needing to because why not) out of £30,000 year (rounding down because fuck it this is such a stupid point)

It’s 0.12% of annual wages.

It is

A just over

1/10th a percent

Per tax payer (with studious unfavorability to accuracy) per year

Per service that costs £1 billion per year

You have to ask yourself where the benefit is to the privatization, and to whom. It isn’t you!!!!

[notfinancialadvice]

Ben Felix is one of my favorite stock YouTube channels because he is methodical, knowledgeable, and never fear mongers (or greed mongers)

[notfinancialadvice]

I had a dream Kendrick Lamar released a song against OpenAI and their stock price cratered

[notfinancialadvice]

A tad raunchy for the main blog but people must see it.

This is one of the funniest things I've ever read in my fucking life. It is top tier endearing as well.

I need to read this aloud to multiple people immediately.

everyone's always like ohhh the bottoms sexual fantasies are always so fucking compilated and convoluted they always wanna be like some kind of European wild hamster digging through the undergrowth and you have to be the relentless bird of prey that is hovering over their den and ready to strike with deadly talons, and maybe the bed is a sand dune thats allows for the predator to take maximum advantage of the terrain. What about the top's fantasies huh when does the top have something to say about all this. Sometimes I wanna be President Nixon in the last days of the administration and someone else is Erlichmann showing ass to comfort me. sometimes the top wants to get weirdly specific with it too okay

[notfinancialadvice]

[notfinancialadvice]

Here is a 2 minute clip from a show, Billions, that demonstrates why the above link is such a bad idea and why I am screaming

"THIS IS A BAD IDEA"

I'll break it down:

Analyst, Ben Kim, sees business activity and rumors and chatter. This is exceptionally common. Outside of insider information (which is illegal in the USA... and most places...), this is how you figure out where to shove money into / take money out of / bet for / bet against.

Stock trader, guy talking to Ben Kim, is going to execute the order and gives this information to Bobby Axelrod (red hair, owns the place, rich as hell)

Bobby Axelrod says "Yeah this is good information. Your plan is solid, let's do it."

Analyst (sorry I don't remember his character's name) says "Oh yeah This Rich Guy is associated with it."

Bobby Axelrod: "This is new information. Reverse course immediately."

This last bullet point is the key thing I want to point out to the above.

Unless you get into illegal activity --

(stares into the camera for a minute)

-- then all trades are based on publicly available information.

An example of illegal activity would be the CEO saying "Fuck we're going to be arrested for accounting fraud and our stock is going to die, sell everything now"

or

A CEO saying "fuck our medicine is going to change the world buy stock like fucking mad so we can get hella rich bitch"

The way that people get rich(er) on the market is taking the galaxy of information and saying "THIS is going to happen and likely at THIS point in time" and then betting for / against it.

It's a game of hand granades.

You do not have to bullseye.

You just gotta get into the vacinity.

And not blow yourself up.

Back to the video!!!!!!!!!!!!!

The entire video is an example of how unseen entity is playing poker and bluffing (and/or manipulating, depending on your viewpoint if you gain/lose as well).

I do not mean to be an asshole when I say this

I mean to be a cold splash of water

$5,000 is not a lot of money when it comes to investing

It can be a lot of money to you. It is not a lot of money to the system.

YOU can leverage $5,000 to financial stability, freedom, comfort, retirement, etc.

THE SYSTEM sees it as a crumb on a plate.

"Hey uh was that meant to be cruel that's kinda......?"

It is meant to say if you are investing in $5,000 blocks you DO NOT HAVE analyst ARMIES who can help you catch bullshit, bluffs, lies, deceipt, powerplays, and just plain ol' "this plan will be unprofitable for 10+ years at which point it will be very profitable."

Whether you have $5 or $500 million, the core remains the same:

What do I have?

What do I want?

When do I want it?

What do I know for certain? What do I think is going to happen

Who do I know who can add light to this base of knowledge?

How much do I trust them?

How much do I trust the information they provide to be accurate and complete?

What am I comfortable risking?

What do I know for certain? What is the rumor

That's it.

A lot of rules are put into place to gate keep people without serious cheddar from growing their cash pile.

The above rule being repealed in the original post is not one of them.

It was designed to protect against a type of massive financial slaughter BY people with money and access AGAISNT people who do not.

Contrary to the hunkle puck hupple fuck finance freak grifters, sending your cash to rich people because you want to feel included in the club is not a good fucking idea.

Study.

Learn.

OR JUST GO INTO AN INDEX FUND OR SIMILAR

not financial advice just a thought just a thought look at me it's just a thought supported by so much fucking evidence go look it up go read about it go watch videos about it

the ways in which you can be fooled and robbed are near infinite in quantity and complexity

do things you understand

if you don't understand them

learn

if you can't or they are not willing to teach you with you being able to independently verify

do not do them

Via

This is such a bad fucking idea it is almost amusing.

The reason you have to be a qualified investor in these things typically is because typically you lose fucking everything because start ups — which let’s be honest are whom going to dominate this space — die at staggering rates.

Pack it in fellows we are going to start watching people utterly annihilate their cash on a level once reserved for professional gambling addicts on companies with ideas such as

“what if this is a shared office space? No no no I know that exists but what if… I know this idea is super common but hear me out… what if… it is shared office space… that you can reserve time… via a website…?”

I…

I just…

The democratization of finance is a good thing

And

Some guard rails exist not to keep people out but because the marketing department of an investment shell is going to have enough firepower to overwhelm you because you don’t have an army of analysts to help you sort “this is bullshit” versus “there is a chance this will make a lot of money.”

[notfinancialadvice]

I do not think this is the path Netherworld Post will take (I enjoy stuffing things in envelopes), but they do have an amazing system for "I write stuff, here is a tip jar if people want to drop a few coins into it."

I found them via The Onion, whom uses them for their platform.

[notfinancialadvice]

[notfinancialadvice]

Chat, is this true?

[notfinancialadvice]

Today's scam attempt. Inventive to put the information-collection form on DocuSign but the lack of anything actually pointing to either me or Paypal in the various email addresses is a tipoff it's fake.

"Hello, I'm Debit C. Confirmation... pleased to meet you."

[notfinancialadvice]

To be clear: one of the fundamental parts of having investments (retirement or otherwise) is “when the fuck do I need this cash”

Do you need it soon? Now?

This affects you

No?

It might be an opportunity, it might be something to ignore, it might be something to adjust.

Either way

Base your actions or lack of on your situation. Everyone else and everything else is background data.

Every time there is a market move — up or down — there are people and institutions who profit heavily. A huge portion of retirement savings and/or investing is taking risk and/or offloading risk.

What do you have? When do you need it? How comfortable are you with risk to acquire it?

The answers are all that matter.

Looking at my portfolio today was a mistake

[notfinancialadvice]

Folks, backup your Tumblrs, for real this time

[notfinancialadvice]

re: previous

matt just fired half the remaining tumblr support staff lmao

[notfinancialadvice]

Waiting for you in Florida postcard

@postcardtimemachine

[notfinancialadvice]

I hate so much

that this would probably get me to open the initial pitch

In my defense

I have successfully used Tumblr to build significant business over the years

However

that is a terrible defense

(laugh)

I do think

there is a significant opportunity for this platform to become solid, significant, and profitable.

"Un"-fortunately it requires a lot of shit that companies that would buy it don't want to do, such as dealing nearly exclusively with high volumes of tiny advertising budgets, and with less mainstream businesses.

Fix the bugs.

Maintain the system.

Stop introducing group features.

Realistically, stop introducing features outside of the queue and archive system. Fix these, move on.

Figure out a way to play nicely with app stores. Complain a lot about it publicly.

It's not rocket surgery.

But nor is it a rocket financial situation. So one hand, I get it. On the other, it's a fucking waste that it (probably) won't be handled.

Come on investors, tumblr perfec t for buying with mpney investment. Very legitimate and profitable investors gain huge internet clout because good site and user base profitable for investor memes. Tumblr yes a place for investors money put money in Tumblr can trust Tumblr user for giveing good legiticmatecy. Friend Tumblr investors money

[notfinancialadvice]

Wall Street Bets simulator