• 11 Posts
  • 156 Comments
Joined 2 years ago
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Cake day: June 22nd, 2023

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  • DraupnirtoTechnology*Permanently Deleted*
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    6 months ago

    Some could be low investment (~2%) if it is an S&P 500 index fund, but others that rely more on tech/growth stocks could be 5-10% or more. Retirees in drawdown phase (withdrawing 4% annually, or $9,000-$10,000) are extra vulnerable to sequence-of-returns risk—early losses lock in lower balances. A boycott-driven Tesla slump in 2025 could force sales of depressed assets, amplifying losses.


  • DraupnirtoTechnology*Permanently Deleted*
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    6 months ago

    Funny how the people who want to tank Tesla are causing self injury. 401(k) accounts and nearly every major retirement fund are invested into $TSLA. These dumb shits think they are doing something for the world because “Orange man bad, and now Elon bad” and they get to reap the rewards of reducing their own retirement accounts. Well-done.





  • DraupnirtoLemmy ShitpostBillionaires shouldn't exist
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    6 months ago

    John Paul DeJoria: Born to immigrant parents in Los Angeles, DeJoria faced early adversity when his parents divorced, leading him to live in a foster home at age two. By nine, he was selling newspapers and Christmas cards to help support his family. After periods of homelessness and working odd jobs like janitor and door-to-door shampoo salesman, he co-founded John Paul Mitchell Systems in 1980 with just $700. Later, he launched Patrón Tequila, revolutionizing the premium tequila market. His net worth stands at around $4 billion, per Forbes, a testament to his self-made journey.



  • DraupnirtoLemmy ShitpostMaybe some day
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    6 months ago

    Now that idea is something I would probably still consider. On one hand I think UBI would be pretty damn cool, and probably a useful advancement for society. On the other hand, the reason for the desire for UBI in this instance is still incorrect and that it is essentially asking for the labor of another to feed you or to feed others simply because they were successful. It seems like a good move initially, but if you think about how it could play out, that could actually be an incredibly damaging thing for society. People that would normally be driven to innovate are then stifled and subdued with this because they’re just waiting for someone else to reach that level of success so that they can be fed more.













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