4 ms·

What else is there to buy though, real estate?

__MatrixMan__ 4y ago
Do you not look around at the world and see problems in need of fixing? Spend your money on fixing them because then you get to live in a world with fewer problems (it's called investing).
- hammock 4y ago
  What do you see? I believe that's what he was asking. You merely threw his same question back
  - __MatrixMan__ 4y ago
    I don't see problems that can be fixed by buying something. Or rather, by buying abstractions in hopes of being able to sell them for more more later on (i.e. gambling). Personally, I think that the declining state of privacy is increasingly incompatible with democracy. I want to live in a democracy when I'm old, so I'm saving up to take a few years "off" and work on some ideas that I have which I think will help. So I suppose I will be buying things along the way. Food. Healthcare. Energy. Internet access. But I'll be doing it because I want to live in the world that I'll be creating (i.e. I'm investing time in creating that world). Not because I think I'll end up with more money when it's all said and done. So maybe I'm putting words in ferdowski's mouth here but I really think that by "buy" they meant "allocate my money under the expectation that it will grow without me having to do any extra useful work along the way".
- fullshark 4y ago
  I see a real big problem that needs fixing: How do I save enough to retire and make sure I don't have to work until I die? That problem kind of dominates all other problems for me.
  - __MatrixMan__ 4y ago
    If the alternatives are: - spend the majority of my life making things worse so that I can afford retirement, and then spend my retirement dealing with the consequences of having ignored "all other problems" - die while saving up for my nth attempt to make things better I think I'd prefer the latter.
  - mellavora 4y ago
    I agree that it is morally good and proper that you seek to take care of yourself and not be a financial burden to others. "Life, Liberty, and the pursuit of property/happiness" (the original wording debated the two versions). May I ask an add-on? Do you also want to provide for your children? And as an extension of that, would providing for them include leaving them with a habitable planet?
    - fullshark 4y ago
      I'd rather not answer any personal questions, but basically the benefit of not selling out on that front doesn't seem justified, given my marginal impact. My point is not so much everyone should share my position, merely make it clear my belief that the majority of people think the way I do, and any plan without acknowledging that reality is doomed to fail. Doesn't matter how charismatic a leader or airtight scientific studies you show, you are asking a LOT in terms of opportunity cost if you are recruiting for an organization trying to "solve a problem" without a potential windfall at the end of it and you should realize that.
      - __MatrixMan__ 4y ago
        Yeah, I realize that my position goes against the grain in a rather extreme way. But I think that as time goes on it'll become obvious that some problems just can't be solved in a way that culminates in a windfall, and if we leave those problems unaddressed we're doomed anyway. Alternatively, maybe I'm wrong and some business genius figures out how to monetize the necessary work after all. Who are they gonna invest in, the guy who has been working at it for years even though maybe he'll die a pauper, or the guy who hasn't started because he can't see the payoff yet?
- NotYourLawyer 4y ago
  That’ll really help my kids pay for college, thanks for the useful advice.
  - __MatrixMan__ 4y ago
    I'm sorry for being an ass. I'm mad at wallstreet not mad at you.
deleted 4y ago
[deleted]
ferdowsi 4y ago
Bonds are back. TIPS bonds are now yielding around 2% real (not nominal). Treasury bills/notes are yielding above 4% nominal across much of the yield curve.
- Gareth321 4y ago
  Yeah but no one is buying those because yields keep rising.
JohnJamesRambo 4y ago
- NotYourLawyer 4y ago
  I’d rather light my money on fire and at least get to enjoy the warmth.

Do you not look around at the world and see problems in need of fixing? Spend your money on fixing them because then you get to live in a world with fewer problems (it's called investing).

hammock 4y ago
What do you see? I believe that's what he was asking. You merely threw his same question back
- __MatrixMan__ 4y ago
  I don't see problems that can be fixed by buying something. Or rather, by buying abstractions in hopes of being able to sell them for more more later on (i.e. gambling). Personally, I think that the declining state of privacy is increasingly incompatible with democracy. I want to live in a democracy when I'm old, so I'm saving up to take a few years "off" and work on some ideas that I have which I think will help. So I suppose I will be buying things along the way. Food. Healthcare. Energy. Internet access. But I'll be doing it because I want to live in the world that I'll be creating (i.e. I'm investing time in creating that world). Not because I think I'll end up with more money when it's all said and done. So maybe I'm putting words in ferdowski's mouth here but I really think that by "buy" they meant "allocate my money under the expectation that it will grow without me having to do any extra useful work along the way".
fullshark 4y ago
I see a real big problem that needs fixing: How do I save enough to retire and make sure I don't have to work until I die? That problem kind of dominates all other problems for me.
- __MatrixMan__ 4y ago
  If the alternatives are: - spend the majority of my life making things worse so that I can afford retirement, and then spend my retirement dealing with the consequences of having ignored "all other problems" - die while saving up for my nth attempt to make things better I think I'd prefer the latter.
- mellavora 4y ago
  I agree that it is morally good and proper that you seek to take care of yourself and not be a financial burden to others. "Life, Liberty, and the pursuit of property/happiness" (the original wording debated the two versions). May I ask an add-on? Do you also want to provide for your children? And as an extension of that, would providing for them include leaving them with a habitable planet?
  - fullshark 4y ago
    I'd rather not answer any personal questions, but basically the benefit of not selling out on that front doesn't seem justified, given my marginal impact. My point is not so much everyone should share my position, merely make it clear my belief that the majority of people think the way I do, and any plan without acknowledging that reality is doomed to fail. Doesn't matter how charismatic a leader or airtight scientific studies you show, you are asking a LOT in terms of opportunity cost if you are recruiting for an organization trying to "solve a problem" without a potential windfall at the end of it and you should realize that.
    - __MatrixMan__ 4y ago
      Yeah, I realize that my position goes against the grain in a rather extreme way. But I think that as time goes on it'll become obvious that some problems just can't be solved in a way that culminates in a windfall, and if we leave those problems unaddressed we're doomed anyway. Alternatively, maybe I'm wrong and some business genius figures out how to monetize the necessary work after all. Who are they gonna invest in, the guy who has been working at it for years even though maybe he'll die a pauper, or the guy who hasn't started because he can't see the payoff yet?
NotYourLawyer 4y ago
That’ll really help my kids pay for college, thanks for the useful advice.
- __MatrixMan__ 4y ago
  I'm sorry for being an ass. I'm mad at wallstreet not mad at you.

deleted 4y ago

[deleted]

ferdowsi 4y ago

Bonds are back. TIPS bonds are now yielding around 2% real (not nominal). Treasury bills/notes are yielding above 4% nominal across much of the yield curve.

Gareth321 4y ago
Yeah but no one is buying those because yields keep rising.

JohnJamesRambo 4y ago

NotYourLawyer 4y ago
I’d rather light my money on fire and at least get to enjoy the warmth.