Speaking of which, the only answer people made to why Tesla stock kept going up despite it all was basically that Elon was the shadow president and had a lot of corrupt access to the government. That’s incredibly shitty but I could see why it would be a boon to Tesla stock. But if that’s not only gone, and maybe even reverses - Trump actively harms Tesla, what in the fuck could possibly prop it up?
It will gain $100 tomorrow. Maybe I should sell my remaining investment.
This is not how TACO works, don’t be a fool! Skum falls first, Donald later. This is personal now 
Sorry to hear that. I was hoping the current lucky downturn might have managed to at least get you to break-even. I’ll keep crossing my fingers for you.
There was just a broadcast news commentary about some ‘financial malaise among Generation Z’ where the respondents don’t find accumulating personal debt and declining to contribute to any retirement funds.
I’ve found it easiest to talk to persons who approach me at my workplace seeking financial advice from me. I’m not any kind of financial consultant but they notice me occasionally asking questions about our 401k. I wondered how a nonprofit financial advisor might instead preemptively approach the Zs before their debts get too high, to invest instead.
I think you left some words out of this sentence. What’re you trying to say?
I think “find → mind”?
For that part I meant that everyone naturally sees personal debt and retirement savings as related. The rest of the story might have been more clear I suppose.
So I figured that Gen Z would probably be receptive to a TikTok video series explaining retirement. Probably there are other sites that would be useful too; this is mostly what I was asking about in my post.
I would guess it’s fading into the past now, though?
How many people still talk about ‘hoovering’? Perhaps that was more of a UK ideom?
I get the impression I don’t see as many references to ‘Googling’ something as I used to, either?
I don’t think I have ever watched a TikTok video.
But from everything I have heard about that platform, it sounds as if it would be about the last place to look for reliable investment advice? I get the impression there is little moderation or fact checking done on the content.
Anyone can post anything, more or less.
But, that’s not to say that the wisest and most reasoned investor in the whole world couldn’t be posting there. You would just need to do your own research to figure out who to trust.
Same as here.
[aside]
It’s a darn shame that “do your own research” has been corrupted by the wackos such that it now often stands for “seek out a rabbit hole of nonsense full of conmen to believe without question” when it used to mean “obtain real data from real sources and use your real powers of reasoning”.
I know which one @Sage_Rat meant, but even in this context it was still jarring to read due to the wacko-CT connotations it now has.
Shame there’s not a readymade good phrase for the same idea that hasn’t been corrupted. Yet.
I like the saying: “It’s important to keep your mind open. But not so open that your brains fall out”.
But you’re unfortunately right… the phrase ‘do your own research’ has been irredeemably co-opted by nutjobs.
And it’s possible they could be, but they would be drowned out by the roar of uninformed stupidity, I suspect. Signal to noise ratio and all that. This has all happened before: to Usenet, for example.
To get back to @Eric1’s post: were you thinking of creating something on TikTok?
Good intentions, but don’t expect it to have much effect.
Whatever it is, it’ll immediately be adopted by the yo-yos. If the responsible people start saying they did their “due diligence,” or whatever, the wackos will start saying the same. “I did my due diligence and these NFTs look great!”
Heh. “Due diligence” was exactly the buzzphrase rattling around in my head while I was posting that. And yeah, if the wackos get ahold of it, it’ll be quickly doomed.
I suppose that I don’t hang in the conspiracy zone enough to have had the exposure to know that the phrase had been turned. But certainly, I understand what you’re talking about.
I’ve started the “Don’t Vote” movement. I’m happy enough to slide over to and join the “Don’t do research” movement as well.
Whole lotta stuff like this out in the wild:
I don’t believe the CDC about COVID. I did my own research and I totally believe in ivermectin.
Technically, ivermectin had every potential to be effective in fighting COVID. But it had less potential than many other things and many reasons to not be a high priority for research - particularly given that it was liable to be toxic at the dosages that it would have meaningful antiviral effects.
What I’ve generally observed, when you look through the comment sections of sites, is that most people are arguing on the basis of what they understand they’re meant to be backing, not because they understand the actual reasoning and nuances of the subject.
Where that understanding came from, I couldn’t say.
Personally, I advocated that people give a look at cordyceps if they wanted a home remedy that might help a bit and was generally available, which had been investigated as a an antiviral in the treatment for (I believe) SARS and appeared to be the reference starting point for the remdesevir molecule. I posted links to the research.
Not a blip on the world. Some crank with a podcast probably said something about elderberries and the fruit got a massive spike in sales.
If you look at the Medieval appreciation for Aristotle, and their willingness to kill people for a failure to follow his teachings, like he was a part of their religion - despite being a gay heretic - I think that human nature is just to follow the faith of the crowd that they’re in. Logic and reason just has no part in any of that, except to risk endangering it. If the supreme voice of your social group is Aristotle or Joe Rogan, then that’s just what it is.
Like I said, I do understand what you mean when you say that you need to be careful about “do your own research”. I’d venture to guess that when Tucker Carlson says it, he means it as a threat, not as a recommendation. “Believe me or…do research. You know what happens to you and your relationships if you do the latter.”
Reviving this semi-dormant thread to point out that both the DJIA and S&P are up significantly today (both up over 1%), and the price of crude has dropped like a rock recently (down almost 7% in the last week).
Obviously, I have no idea how the markets work.
No one does.
Just wanted to share a move I’m considering, and am open to thoughts.
I’m currently sitting on too much cash. Mostly because I’m still not comfortable with what’s going on in the US right now with tariffs and trade. We see the markets now ignoring Trump thanks to TACO, which is dangerous. When markets DON’T freak out, Trump is more likely to follow through, I think.
But I hate having cash sitting there not working (well, it’s in a MM at 3.97%) so I’m considering moving about 1/2 the cash to Euros and buying a Euro-zone index fund traded in Euros. My thinking is that the Euro will continue to strengthen, and I just this morning heard on Bloomberg that money is continuing to flow from US equities into Euro-zone equities. Combine that with the sudden appetite for government spending in the EU and I think it might be a good move.
As I mentioned upthread, I’ve moved some into VGK, a USD and US based Euro zone index fund. But still, nobody has been able to tell me how forex fluctuations affect a fund like that. I’ve asked here, and I’ve looked on line, nothing. So I wonder if there isn’t some extra safety in having some money in actual Euros (and it has to be enough to cover Fidelity’s exchange fee)