#how to start an investment fund

[snickerdoodlles]

...ngl, enron musk acting like he can do to the US federal budget what he did to twitter is kinda funny

[ottawacharge]

one day i will break and write a manifesto on ottawa and sports arena development and when that happens! please take me out back

[mantisgodsdomain]

We're going to talk about our cool vampire guy headcanons again. We like to set Monsieur Scarlet as a member of Solenopsis invicta, albeit a very unconventional example of the species. As a fire ant, technically, he is venomous - however, he's not actually had venom production online for decades, and at this point the cost for Making That Bite Work Again far outweighs the perceived benefit.

Would it be directly useful for his survival to be capable of injecting people with venom that causes intense burning sensations? Yes, probably, especially since he's at a scale where the swelling induced would probably take out an arm for hours at a time. He's just not going to fix it, because that takes life force that he could be using for other purposes, like breathing, or keeping his heart running, or having an emergency teleportation stock so that he can fling himself a metre or two in any direction when need be.

[we-re-always-alright]

any time I see people tying minor world events to economics I’m like. that’s not how economics works. I know you want it to be how it works so you can blame someone. but that’s not how it works in any country or global economy.

[sufficientlylargen]

Story Concept: Star-crossed lovers, destined to fall in love but be kept apart, except they don't actually have any interest in each other, the stars are just super obsessed with shipping them for some reason.

[champstorymedia]

2024's Financial Landscape: Trends Transforming Investment Strategies

The financial landscape of 2024 is set to undergo significant transformations shaped by evolving technology, shifting consumer behaviors, and economic dynamics. Investors are increasingly adapting their strategies to navigate this complex and dynamic environment. Understanding these trends is crucial for making informed decisions that align with future opportunities. This article delves deep into…

[hexastitchimera]

Y'know, it's cases like Orchard's (and even "hunter" personalities like Mamämax) that make me genuinely perplexed on why predatory individuals will ride the highest horse against their own behaviour. I know it's a way to deflect attention from their own nasty shit, but it's always a self-defeating method once the same community that rallied in their name learns about the contrary.

What's worse is that they can fall from upon high into the deepest shit, and have the gall to walk right back into the townsquare, covered in their crimes like nothing happened.

Often enough, some- if not many- of the townsfolk will re-cover their eyes with wool too.

[phantomrose96]

If anyone wants to know why every tech company in the world right now is clamoring for AI like drowned rats scrabbling to board a ship, I decided to make a post to explain what's happening.

(Disclaimer to start: I'm a software engineer who's been employed full time since 2018. I am not a historian nor an overconfident Youtube essayist, so this post is my working knowledge of what I see around me and the logical bridges between pieces.)

Okay anyway. The explanation starts further back than what's going on now. I'm gonna start with the year 2000. The Dot Com Bubble just spectacularly burst. The model of "we get the users first, we learn how to profit off them later" went out in a no-money-having bang (remember this, it will be relevant later). A lot of money was lost. A lot of people ended up out of a job. A lot of startup companies went under. Investors left with a sour taste in their mouth and, in general, investment in the internet stayed pretty cooled for that decade. This was, in my opinion, very good for the internet as it was an era not suffocating under the grip of mega-corporation oligarchs and was, instead, filled with Club Penguin and I Can Haz Cheezburger websites.

Then around the 2010-2012 years, a few things happened. Interest rates got low, and then lower. Facebook got huge. The iPhone took off. And suddenly there was a huge new potential market of internet users and phone-havers, and the cheap money was available to start backing new tech startup companies trying to hop on this opportunity. Companies like Uber, Netflix, and Amazon either started in this time, or hit their ramp-up in these years by shifting focus to the internet and apps.

Now, every start-up tech company dreaming of being the next big thing has one thing in common: they need to start off by getting themselves massively in debt. Because before you can turn a profit you need to first spend money on employees and spend money on equipment and spend money on data centers and spend money on advertising and spend money on scale and and and

But also, everyone wants to be on the ship for The Next Big Thing that takes off to the moon.

So there is a mutual interest between new tech companies, and venture capitalists who are willing to invest $$$ into said new tech companies. Because if the venture capitalists can identify a prize pig and get in early, that money could come back to them 100-fold or 1,000-fold. In fact it hardly matters if they invest in 10 or 20 total bust projects along the way to find that unicorn.

But also, becoming profitable takes time. And that might mean being in debt for a long long time before that rocket ship takes off to make everyone onboard a gazzilionaire.

But luckily, for tech startup bros and venture capitalists, being in debt in the 2010's was cheap, and it only got cheaper between 2010 and 2020. If people could secure loans for ~3% or 4% annual interest, well then a $100,000 loan only really costs $3,000 of interest a year to keep afloat. And if inflation is higher than that or at least similar, you're still beating the system.

So from 2010 through early 2022, times were good for tech companies. Startups could take off with massive growth, showing massive potential for something, and venture capitalists would throw infinite money at them in the hopes of pegging just one winner who will take off. And supporting the struggling investments or the long-haulers remained pretty cheap to keep funding.

You hear constantly about "Such and such app has 10-bazillion users gained over the last 10 years and has never once been profitable", yet the thing keeps chugging along because the investors backing it aren't stressed about the immediate future, and are still banking on that "eventually" when it learns how to really monetize its users and turn that profit.

The pandemic in 2020 took a magnifying-glass-in-the-sun effect to this, as EVERYTHING was forcibly turned online which pumped a ton of money and workers into tech investment. Simultaneously, money got really REALLY cheap, bottoming out with historic lows for interest rates.

Then the tide changed with the massive inflation that struck late 2021. Because this all-gas no-brakes state of things was also contributing to off-the-rails inflation (along with your standard-fare greedflation and price gouging, given the extremely convenient excuses of pandemic hardships and supply chain issues). The federal reserve whipped out interest rate hikes to try to curb this huge inflation, which is like a fire extinguisher dousing and suffocating your really-cool, actively-on-fire party where everyone else is burning but you're in the pool. And then they did this more, and then more. And the financial climate followed suit. And suddenly money was not cheap anymore, and new loans became expensive, because loans that used to compound at 2% a year are now compounding at 7 or 8% which, in the language of compounding, is a HUGE difference. A $100,000 loan at a 2% interest rate, if not repaid a single cent in 10 years, accrues to $121,899. A $100,000 loan at an 8% interest rate, if not repaid a single cent in 10 years, more than doubles to $215,892.

Now it is scary and risky to throw money at "could eventually be profitable" tech companies. Now investors are watching companies burn through their current funding and, when the companies come back asking for more, investors are tightening their coin purses instead. The bill is coming due. The free money is drying up and companies are under compounding pressure to produce a profit for their waiting investors who are now done waiting.

You get enshittification. You get quality going down and price going up. You get "now that you're a captive audience here, we're forcing ads or we're forcing subscriptions on you." Don't get me wrong, the plan was ALWAYS to monetize the users. It's just that it's come earlier than expected, with way more feet-to-the-fire than these companies were expecting. ESPECIALLY with Wall Street as the other factor in funding (public) companies, where Wall Street exhibits roughly the same temperament as a baby screaming crying upset that it's soiled its own diaper (maybe that's too mean a comparison to babies), and now companies are being put through the wringer for anything LESS than infinite growth that Wall Street demands of them.

Internal to the tech industry, you get MASSIVE wide-spread layoffs. You get an industry that used to be easy to land multiple job offers shriveling up and leaving recent graduates in a desperately awful situation where no company is hiring and the market is flooded with laid-off workers trying to get back on their feet.

Because those coin-purse-clutching investors DO love virtue-signaling efforts from companies that say "See! We're not being frivolous with your money! We only spend on the essentials." And this is true even for MASSIVE, PROFITABLE companies, because those companies' value is based on the Rich Person Feeling Graph (their stock) rather than the literal profit money. A company making a genuine gazillion dollars a year still tears through layoffs and freezes hiring and removes the free batteries from the printer room (totally not speaking from experience, surely) because the investors LOVE when you cut costs and take away employee perks. The "beer on tap, ping pong table in the common area" era of tech is drying up. And we're still unionless.

Never mind that last part.

And then in early 2023, AI (more specifically, Chat-GPT which is OpenAI's Large Language Model creation) tears its way into the tech scene with a meteor's amount of momentum. Here's Microsoft's prize pig, which it invested heavily in and is galivanting around the pig-show with, to the desperate jealousy and rapture of every other tech company and investor wishing it had that pig. And for the first time since the interest rate hikes, investors have dollar signs in their eyes, both venture capital and Wall Street alike. They're willing to restart the hose of money (even with the new risk) because this feels big enough for them to take the risk.

Now all these companies, who were in varying stages of sweating as their bill came due, or wringing their hands as their stock prices tanked, see a single glorious gold-plated rocket up out of here, the likes of which haven't been seen since the free money days. It's their ticket to buy time, and buy investors, and say "see THIS is what will wring money forth, finally, we promise, just let us show you."

To be clear, AI is NOT profitable yet. It's a money-sink. Perhaps a money-black-hole. But everyone in the space is so wowed by it that there is a wide-spread and powerful conviction that it will become profitable and earn its keep. (Let's be real, half of that profit "potential" is the promise of automating away jobs of pesky employees who peskily cost money.) It's a tech-space industrial revolution that will automate away skilled jobs, and getting in on the ground floor is the absolute best thing you can do to get your pie slice's worth.

It's the thing that will win investors back. It's the thing that will get the investment money coming in again (or, get it second-hand if the company can be the PROVIDER of something needed for AI, which other companies with venture-back will pay handsomely for). It's the thing companies are terrified of missing out on, lest it leave them utterly irrelevant in a future where not having AI-integration is like not having a mobile phone app for your company or not having a website.

So I guess to reiterate on my earlier point:

Drowned rats. Swimming to the one ship in sight.

[probablyasocialecologist]

The economic indicators speak of nothing less than an economic catastrophe. Over 46,000 businesses have gone bankrupt, tourism has stopped, Israel’s credit rating was lowered, Israeli bonds are sold at the prices of almost “junk bonds” levels, and the foreign investments that have already dropped by 60% in the first quarter of 2023 (as a result of the policies of Israel’s far-right government before October 7) show no prospects of recovery. The majority of the money invested in Israeli investment funds was diverted to investments abroad because Israelis do not want their own pension funds and insurance funds or their own savings to be tied to the fate of the State of Israel. This has caused a surprising stability in the Israeli stock market because funds invested in foreign stocks and bonds generated profit in foreign currency, which was multiplied by the rise in the exchange rate between foreign currencies and the Israeli Shekel. But then Intel scuttled a $25 billion investment plan in Israel, the biggest BDS victory ever.  These are all financial indicators. But the crisis strikes deeper at the means of production of the Israeli economy. Israel’s power grid, which has largely switched to natural gas, still depends on coal to supply demand. The biggest supplier of coal to Israel is Colombia, which announced that it would suspend coal shipments to Israel as long as the genocide was ongoing. After Colombia, the next two biggest suppliers are South Africa and Russia. Without reliable and continuous electricity, Israel will no longer be able to pretend to be a developed economy. Server farms do not work without 24-hour power, and no one knows how many blackouts the Israeli high-tech sector could potentially survive. International tech companies have already started closing their branches in Israel. Israel’s reputation as a “startup nation” depends on its tech sector, which in turn depends on highly educated employees. Israeli academics report that joint research with universities abroad has declined sharply thanks to the efforts of student encampments. Israeli newspapers are full of articles about the exodus of educated Israelis. Prof. Dan Ben David, a famous economist, argued that the Israeli economy is held together by 300,000 people (the senior staff in universities, tech companies, and hospitals). Once a significant portion of these people leaves, he says, “We won’t become a third world country, we just won’t be anymore.” 

19 July 2024

[scottishcommune]

Below the cut is a template email to send to Edinburgh Pride regarding sponsorship from Aegon, who have investments linked to the genocide in Palestine. Please feel free to use this text or edit it and make it your own and send it to contact@prideedinburgh.co.uk

Dear Edinburgh Pride,

As a queer person living in Edinburgh, I was deeply saddened to learn that the march partner for Edinburgh Pride 2024 is Aegon.

In December 2023 the ‘Don’t Buy Into Occupation Coalition’ published a report that showed Aegon have US$564million invested via shares and bonds in companies operating in illegal settlements in Occupied Palestinian Territories. Source: https://dontbuyintooccupation.org/wp-content/uploads/2023/12/2023_DBIO-III-Report_11-December-2023.pdf

We are watching a live-streamed genocide every day - over 36,000 people in Palestine have been murdered by Israeli forces, including at least 15,000 children. The brutality of these atrocities are unthinkable, with evidence of torture and targeting of hospitals, ambulances and refugee camps.

We all have a responsibility to do what we can to end this genocide. As queer people, we are part of a rich history of resisting oppression and dehumanisation - of both ourselves and those we stand in solidarity with. Pride started as a protest against homophobia, transphobia and police violence. It is an important moment to come together as a community to celebrate queer joy and resilience.

But how can we celebrate using profits stained with the blood of our siblings in Palestine?

Aegon has $564million invested in companies that have been listed by the UN as “raising human rights concerns” for their operations in illegal settlements in Occupied Palestinian Territories, In 1948, 750,000 Palestinian people were displaced from their homes and lands and since then, Israeli settlements have been used to spread this process of colonisation.

In addition to this figure, Aegon also has major investments in Eaton Corp Plc., who supply parts for helicopters and fighter jets to the Israeli military and have recently been the target of major protests at their factory in Dorset. They also invest in Amazon, who support the Israeli military with surveillance technology used against Palestians.

Israel has long used ‘pinkwashing’ as a tactic to justify the brutal repression of Palestinians, using queer people to legitimise this horrific violence. We refuse to allow this to be done in our name.

The tide is turning on companies like Aegon that profit from investments in the companies complicit in genocide. Recently, both Hay and Edinburgh Book Festival have dropped Baillie Gifford as a sponsor after over 800 authors called on them to divest from companies involved in Israel and the fossil fuel industry.

I ask that Edinburgh Pride:

Calls on Aegon to commit to divest from companies involved in supplying technology to Israel and operating in illegal settlements.

Drop Aegon as a sponsor until they are able to show evidence of divestment.

Publicly call for a ceasefire and a free Palestine.

There is no pride in genocide.

I look forward to hearing your response.

XX

Sources:

Investments in companies operating in illegal settlements https://dontbuyintooccupation.org/wp-content/uploads/2023/12/2023_DBIO-III-Report_11-December-2023.pdf

Investments in Eaton https://extranet.secure.aegon.co.uk/static/sxhub/pdf/client-pen-distribution.pdf

Investments in Amazon https://www.aegon.co.uk/content/dam/auk/assets/publication/fund-factsheet/standard_bkj9zs0.pdf

Israel’s pinkwashing: https://bdsmovement.net/pinkwashing

War on Gaza statistics: https://www.aljazeera.com/news/longform/2023/10/9/israel-hamas-war-in-maps-and-charts-live-tracker

Edinburgh book festival ends Baillie Gifford sponsorship: https://www.bbc.co.uk/news/articles/cm553zrr3e4o

[personal-finance8]

Where to Invest I Index Funds I Beginners Guide

Where to Invest for Beginners? How to get started with investment? Is it good to invest in Index Funds? Let's answer these question in this video below.

Diversification is a key element of a balanced portfolio. There is a plethora of investment options to choose from and it is a good practice to invest your funds across different asset classes. An Index fund is like a mutual fund and exactly imitates an index (e.g., Nifty 50, Bank Nifty, Nifty Midcap, etc.). It thus helps in diversifying your investment and mitigates the risk of your equity portfolio.

[n1pp]

my pre ‘25; 1 month glow up ✶

SOCIAL

-Review your social relationship satisfaction.

-Spend time with people you love.

-Practice better communication & listening skills.

-Set boundaries to protect your mental health.

-Join a community in person or online to connect with like-minded people.

PRIORITIES

-What is of highest priority to you as of right now? Make a list of your priorities.

-What requires your focus?

FINANCIAL

-Review your Spending habits.

-Start budgeting. Use 50-30-20 budgeting rule.

-Start saving money to an emergency fund.

-Make a plan to pay off any debts.

DECLUTTER

-Clean up your living space so that your environment can bring you calm instead of chaos.

-Declutter areas that are needed.

-Declutter your social media feed.

-Unfollow those who don't bring any value or make you compare and feel bad about yourself.

IDENTIFY STRESSORS

-Make a list of what brings you the most stress?

-Identify your capacity/energy to deal with these stressors right now.

-Take responsibility, believe that you are one step at a time creating a life where you have it all together.

ROUTINES

-Routines help keep you focused. Create a morning and night routine to keep you in check.

-Check-in with yourself daily: How am I feeling? How does my body feel? What do I need right now?

SELF CARE

-Take care of your basic needs: hydration, enough food, enough sleep, and social connection.

-Develop a self-care activity list and pick and plan daily self-care activities in your calendar.

- Identify your needs and try your nest to meet them.

FIND BALANCE

-Focus on Gratitude.

-Focus on balancing your nervous system.

-Develop a daily or weekly spiritual practice.

-Practice meditation.

NEW DIRECTION

-Focus on the new direction your life is heading. Journal or script out your future as you would like it. What does it look like when you have your life together?

-Invest in learning new skills relevant to your career and interests.

[starsandsuch]

Taurus Through The Houses: What Things Do You Collect? 💎🎨🛍️

The 2nd house & the archetype of Taurus represents possessions and resources we own. It is the metaphorical storage closet / pantry where we put away and organize our possessions. The house you have Taurus shows the material goods you collect based on the themes of that house.

Taurus 1H: you collect things that make you look or smell good: clothes, perfume, hair products. Having a lot of clothes, makeup, that are limited edition or rare.

Taurus 2H: collecting money, assets, valuable things like art, rare clothing items, rare makeup. When a brand has a limited edition items, you buy them. Likely to have different savings accounts/emergency funds etc. Collecting different forms of currency, having cash, digital currency etc.

Taurus 3H: you collect pieces of media: photographs, magazines, cards, posters, vinyls, etc. This placement reminds me of someone who still has their iPod touch or wire headphones. You collect journals, things you’ve written. You have a lot of pictures in your phone, you have receipts of everything, having screenshots, screen recordings. Collecting stationary. Collecting information. Digital information. Leaving all your old posts up and never deleting them.

Taurus 4H: you collect things that remind you of childhood: books, clothing, posters. You hold on to your items for a long time before letting them go. Collecting home goods: cutlery, dishes, bedding. Having alot of plushies.

Taurus 5H: you collect art, designer items. You collect items that will be valuable in the future. Fond of collecting money and wealth in general. This is someone who enjoys achieving financial milestones: increasing credit score, opening retirement accounts, having investments. Keeping a lot of things from your childhood. If you have kids, you collect their belongings like their first blanket, toys, shoes etc.

Taurus 6H: collecting things that relate to health and healing: tincture’s, oils, rare health foods. If you have pets you collect a lot of things for them: toys, treats, clothes etc. Can collect pets in general.

Taurus 7H: collect stuff you get through relationships. Gifts, money, jewelry, precious items you received. Once you get married, you start collecting things or have the money & space to do so. You collect things on behalf of your partner or you share a collection together.

Taurus 8H: collecting things that were once owned by something else: art, jewelry, clothes. Like how Kim K bought Marilyn Monroe’s dress (Kim is Libra Sun, Taurus is the 8th sign from Libra). You collect things that are taboo or occult, rare occult books or items: crystals, pendulums etc. collecting rare designer items that are vintage. You tend to collect a lot of things and keep them for a long time. Collecting secrets about other people, collecting blackmail.

Taurus 9H: collecting books, magazines, journals. Someone to collect academic titles and degrees. Collecting knowledge and information: through reading, watching documentaries, conversations etc. Prefers “collecting experiences”. Collects things from other countries like souvenirs, flags, spices, perfumes, clothing etc.

Taurus 10H: collecting achievements, accolades, awards. Achieving things then having the physical symbol of it: like the shoes you wore in the first track meet you won, saving medals, trophies, putting them on display.

Taurus 11H: collecting memories from your achievements. Like having your first trophies you won, your cap and gown from graduation. Scrapbooking different memories. Collecting vision boards, Pinterest boards etc. Collecting friends, social connections, followers online.

Taurus 12H: collecting things that are old, ancient or antique. Collecting secrets from other people, collecting their secrets or having blackmail on them. Collecting spiritual tools like tarot cards, crystals, pendulums etc. Collecting spiritual or religious iconography like figurines, posters, statues of different deities.

Divider credit: @uzma-qureshi

[confused-and-dickless]

In the latest instalment of my personal divine comedy: I've spent all my spare emotional and mental energy on understanding chemistry (which I still don't understand) and now I'm about to take a biology exam over diabetes- a disease THAT I HAVE. And I am fairly sure I'm not gonna do great friends.

[robertreich]

How Trump Killed Every Business He Touched

Trump’s entire candidacy is based on a lie.

TRUMP: I’m really a good businessman. I’m so good at business.

Not true. Trump is a business failure. Almost every business he’s touched, he’s driven into the ground.

RUBIO: You ever heard of Trump Steaks?

TRUMP: Trump Steaks are the greatest steaks, and I mean that in every sense of the word!

RUBIO: You ever heard of Trump Vodka?

TRUMP: It’s a smooth vodka. It’s a great-tasting vodka.

RUBIO: All of these companies that he’s ruined!

It’s true! Trump had a failed board game…

TRUMP: My new game is Trump the Game.

…a failed bicycle race called the “Tour de Trump”…

TRUMP: I think this is an event that can be tremendous in the future. And it can really rival the Tour de France.

…a failed football team.

TRUMP: It’s gonna stay strong. It’s gonna stay strong for a long time.

Trump decided it was a good idea to start a mortgage company in 2006.

TRUMP: It’s a great time to start a mortgage company.

That failed in less than two years. Let’s see, what else was there?

JOHN OLIVER: Trump Magazine, which folded, Trump World Magazine, which also folded…

ROMNEY: Whatever happened to Trump Airlines?

Oh! That was a good one! One of his planes had a crash landing within the first two months, which he insisted was “the most beautiful landing you’ve ever seen.” The business failed within three years.

Trump has even managed to bankrupt multiple casinos. How do you lose money running a casino?

There’s an old joke that the easiest way to make a small fortune is to start with a large one. And that’s exactly what Trump did. Multiple analyses show that if Trump had simply invested his multi-million-dollar inheritance in an index fund and didn’t touch it, he’d be a lot richer than he is now. Think about that. His entire life’s work has been less successful than if he’d done nothing.

And when he was president, Trump ran the country like he ran his failed businesses. He added $8.4 trillion to the national debt — largely through his tax cuts for the rich and big corporations.

Trump has managed to survive every one of his business failures by leaving other people on the hook — leaving workers unpaid and shafting his investors.

The whole idea that Trump is good at business was a carefully-crafted illusion — concocted for a reality TV show. And like a lot of reality TV shows, we’ve come to learn it was all show, and no reality.

The only business Trump has been successful at is conning people. Now he’s trying to do it again. Don’t fall for it.