Sure thing, it’s this one.
Sure thing, it’s this one.
Agreed except that’s definitely not the only way into the system.
It’s just the only way to have implicit trust from most while on the inside. That’s because (deep breath) who in their right mind would forfeit their birthright to save their lessers?
Of course I’d like to think I would but will never know. In history, however, we can see that there are always a few individuals who do precisely that.
Also one way to fix it from the inside goes kaboom.
Oh my b, I didn’t realize spoilers messed up pictures. Here’s the pic:
Oh. Yeah I didn’t stand a chance. Thank you!
Know thyself. The cancer of fascism is fed by fear of people, which is used to acquire and consolidate power, and spread more fear.
The fact that you already associate crime and terrorism with immigrants means that the cancer is already growing within you.
Used to then found them. Real version is more complex but definitely real and good. Worth sticking around for.
I think it’s a good idea, trying to find them. Just be aware that pursuing the new dream often entails giving up many that came before, then growing from scratch many new parts of your self, which is often difficult and painful.
Sorry, I’m bad with celebrity faces. Who?
Schwimmwagen
Sag das 5 Mal schnell
Currently the D cup daily driver is
The under wire is indeed quite robust but the mesh material is very flexible, breathable, and comfy.
Edit: alt text for screen readers
My odor is absolutely authentic. It’s basic exocrinology. Simply don’t smell me and don’t comment on my smell if you don’t like it.
Edit: sorry thought this was a different community.
Shit, you’re right! Correct number is about £5 million. Apparently missed final step and copied the percent (10.954 ≈ 28e3). My bad.
But yeah even if he bought the house in 1979 at 20% equity and house appreciated that much, effective APY over 45 years would be 1.2%. To check: (2%*(6e5/17e3))-45
Anyway it’s just an illustration I’ve given to friends, especially fellow millennials who often mention how their parents’ or grandparents’ house multiplied in value as their motivation for pursuing a house instead of savings.
It’s to show that there’s a better way to save than home equity, because few of us were taught that stuff and it’s not as daunting as it seems. Long-short usually you want as little money tied up in home equity as possible, so when the typical down payments have risen to hundreds of thousands of pounds, it’s quite difficult to justify over renting and putting more into pension.
Age of old-woman-man in Monty Python and the Holy Grail. And it’s just a term. Figuring out how to save a little and how to grow it is more about creating a safety net, to know I won’t be unhoused again, won’t need to sell plasma for bread or work for assholes. I don’t intend to actually retire, even if that’s an option.
It’s cute that you think [positive] … Frankly, I expect [negative] … and nothing will be done about it.
You may have intended a sardonic or exasperated tone, rather than defeatism, in which case I was too harsh.
Even so, we must be cognizant of how easy it is to inadvertently amplify cynicism and despair. Some have little fight left and might just stay home when they are needed most.
Do you have a source for that £17k becoming over £28M?
This one looks simple enough, but I assume most use the same historical price index. I just used the annualized dividend-reinvested returns between the two dates: 10.913%
Incidentally, you can use that % to get a feel for how interest compounds. On a calculator, input 17 x 1.10913 then press = for each year since 1970 (usually just repeats last step). At first it will appear nearly constant, but note how the annual returns accelerate over time, especially as you approach recent years.
I currently have a pension pot worth about £70k and it’s only forecast to be worth about £500k in thirty years time (when I would retire), and that is including my ongoing contributions.
You may want to check what funds they put you in by default. Often the default allocation is a “target-date” fund, which is an actively-managed (insidiously expensive) fund that begins with a modest volatility asset distribution and periodically redistributes for lower volatility as the target date approaches.
IME these funds invariably suck, mostly due to exorbitant fees but also because they are actively managed. It’s rare for any actively managed fund to consistently beat the market overall or as represented by benchmark indexes. (That may seem counterintuitive but the reason is “market efficiency.”) The only reason for active managed funds IMO is if you need moderate chance of gain paired with minimal chance of loss, which only applies closer to distribution.
If there’s another way to invest that to make myself a multimillionaire in retirement, it’d be a no brainer.
With a 30 year timeline, volatility is your friend for quite some time. The simplest way to capture whole-market volatility is to just buy ETF shares tracking either Total Market Index or a benchmark index like S&P500. Most of these ETFs have very low fees. This “naive method” is very difficult to beat. Just make sure dividends are reinvested (usually a checkbox) so you don’t come back later to a pile of cash that hasn’t been working for you.
Then comes the most important step: nothing. Don’t mess with it. Buy and hold. Set and forget. Fucking with it (trying to time the market, panic selling, etc) is basically the only mistake you can make. Avoid that and you can rely on statistical probability.
I used the below link and assumed an investment of 17k in 1970 (that’s assuming you have the cash to buy out right, rather than starting to pay a mortgage) and it only came up in the low six figures.
It looks like their figure is inflation-adjusted and assumes dividends are not reinvested. The former can be useful if you want to know comparable value. The latter isn’t, because you should always reinvest dividends. (Also it affects the S&P500 especially since that’s a large cap value index where much of the returns are actual dividends instead of just growth of the stock price.)
Yeah I was being somewhat cheeky. But it is true in one sense, because we’ve entered a new chapter and everything has changed.
Now it is clear that the only thing that will mobilize the American working class to overthrow a fascist regime (and the 0.1% class they serve) is a rock-solid, revolutionary promise of extensive socialist economic reform, broad democratic electoral reform, and an explosion of public works that would make FDR blush.
There is no going back. Status quo politics died on November 5th, 2024. That era is gone. No more “moderate“ republicans. No more “Liberal” democrats. GOP now can only elect trump cronies. Dems now will struggle to elect anyone but progressives.
As to who leads the charge, I think it will be AOC, because Bernie is setting up an alley-oop and she is the only one among them with the energy and chutzpah to slam dunk a national bash-the-fash campaign.
Suffering winds the spring of reform.
If at first you don’t fricassee, fry, fry a hen.
My dad bought his first house in the seventies for £17k, he just sold his most recent house for £600k. Please tell me about the investments I can make that will equal that return.
Well let’s say he bought £17k of a garden variety S&P500 ETF in 1970. (Just one of the most common benchmark index funds, a simple way to capture market volatility.) That account would be worth £4,913,700 (28,820.92%) today. If that sounds crazy, you’re not alone. Compounding interest is exponential growth.
I also don’t know where you live, but in the UK, typical rent is going to be far more expensive than the monthly repayment on a mortgage.
The main things I try to keep in mind are (1) the cost of tied up capital exceeds the monthly price differential in nearly every case because of the compounding mentioned above, and (2) even if it didn’t, the true monthly price differential of a mortgage payment is often smaller in practice due to the numerous potential “hidden” costs of home ownership.
Again I’m not saying people shouldn’t or that it’s irresponsible or something. Deep down I want to own my home too! It’s just that every time I’ve plugged it all into a spreadsheet it isn’t even close to worth the long term cost.
Edit: corrected calculation error
The Langoliers is one option, a low budget TV-movie adaptation, and it has a few allegorical parallels to today’s events.
Example 1: danger as a function of regression.
For starters, the movie captures the surreal feeling many have re: our corrupted timeline. The characters’ original timeline continues on without them and they fall further behind the present until the langoliers find them. With increasing alarm, we’ve watched our timeline fall further and further from the expected path of slow but steady progress, to the point that the darkest chapter of modern history has caught up to us.
Example 2: status quo as a form of paralysis.
The restrained physics of temporal-decay around the airport gives much of the movie its aesthetic of liminal stasis. Arguably this is not unlike the husk of our former democratic government in slowing the march of progress to a crawl, focusing on conservation of status quo politics. Even now, the government timidly awaits its assimilation by the fascist demagogues, who promise to carve it up and feed it to an endless, insatiable hunger that is eating the planet. (Yeah global elites are the langoliers in this comparison.)
But the allegory fails, because our monsters are weak.
Fascists and their supporters are cowards by definition. Fear and division made them, it is what drives them, and it’s how they drive others. Spreading it is required to maintain their power. So it should come as no surprise that they are most vulnerable to courage and unity. Indeed, wherever these remain, they can only cede ground and lose power.