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Cake day: June 1st, 2023

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  • That’s definitely possible, but unlikely. And, with a long enough timeline to retirement, you’d still come out ahead if your asset allocation was correct.

    In the Great Depression, the market recovered to its 1929 peak in under 30 years. So, theoretically, if we had another great depression right now, people under 35 or so would be OK even if they were 100% in equities. The older you are and more overleveraged toward equities, obviously the worse off you’d be. https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

    Assuming we will have another black swan event of the same magnitude as the Great Depression is a longshot. Could it happen? Yeah. Is it a safe bet to stake your retirement on? No.

    I am not a financial advisor, and this is not financial advice, but making drastic moves based on stock market fluctuations is generally not a good idea. What is a good idea is managing your risk exposure and diversifying your investment vehicles.


  • Assuming you have at least 10yrs to retirement, that isn’t necessarily a sensible move. Ok - so you’ve gotten out of equities to limit risk in the short-mid term. Great, you will lose less than if you were more exposed to equities.

    If you believe that the economy will recover, as it has every time a recession has hit, then you will need to get back into equities. That requires calling the bottom correctly. If you do not continue DCAing into equities as they fall and/or do not re-buy at less than you sold for, you will not benefit from the recovery. Essentially, you are solidifying your losses and potentially missing out on future gains - which can come at extremely unpredictable times.

    It makes more sense to ensure you’re at your target allocation, then DCA like you always should be doing all the way down. Then you are at your accepted risk level and get to benefit from the economic recovery - which will come eventually. If you dont need the money soon, the best thing you can do (historically speaking) is hold on to your investments and just keep investing.


  • The first time I saw him with the kid, before the memes started, I literally said out loud to myself, “wtf is he using his kid as a human shield?” It was right after Super Mario Praxis dropped and that was my gut reaction.

    It’s possible he wants to seem like dad of the year, but lots of politicians have wanted that, and they don’t do bring your kid to work day every day. Idk. Maybe it’s a dual-purpose thing, but my money is primarily on human shield




  • ALoafOfBread@lemmy.mlto196@lemmy.blahaj.zoneAnne Frank rule
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    6 months ago

    That’s not really what’s happening in the meme. There’s a common philosophical thought experiment about moral relativism and that takes issue with Kantian ethics that basically says: okay, you think lying is wrong, but in some situations it’s morally correct - like if you’re a gentile in Nazi Germany and Anne Frank is in your attic & a Nazi comes to your door demanding to know if you’ve seen any Jews. Because lying is wrong, do you just rat Anne Frank out? Obviously no. But if you believe that not ratting out Anne Frank is morally right, then you have to admit that lying is not wrong per se.

    Kant though was a removed and would have ratted Anne Frank out. Source:

    https://en.m.wikipedia.org/wiki/On_a_Supposed_Right_to_Tell_Lies_from_Benevolent_Motives

    Meme goes back to 1797 when Benjamin Constant pointed this out to Kant in an essay. The thought experiment was about a murderer at the door looking for someone who is in your house because Nazis didn’t exist yet.








  • ALoafOfBread@lemmy.mlto196@lemmy.blahaj.zonerule
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    1 year ago

    This isn’t about the world. It’s about a specific conflict. Conflicts are us vs. them by definition. The takeover of the American gov’t by increasingly corporatist and fascist leaders is absolutely them vs. the American people, but also affects everyone in the world.

    There are two ways to win this conflict. 1) Violent revolution by disorganized leftists against the most powerful military the world has ever seen, 2) voting to prevent full-on fascism and limit corporatism while building class consciousness and organizing better. The second scenario is obviously more likely to succeed, given the current state of the American left.