Social War Room Lounge Thread #325: PotWR Edition

[Mr Holmes]

30k a year. That’s a good amount for a normal person. If someone can do 25% of their income to investments they are in a better spot than 90% of people. I just wouldn’t recommend putting that all in a total stock index.

I crushed in NFTs!

Got it. According to this compounding calculater you're going to have $520k after 10 years


open upload

I heard a lot of people lost big with NFTs

 

[Yoricks Wisdom]

It's funny not looking in regularly, sometimes things look random.

Almost as random as Billy Bob Thornton doing a T-Mobil advert on the telly.

da fuq?

 

[Rob Battisti]

Got it. According to this compounding calculater you're going to have $520k after 10 years


open upload

I heard a lot of people lost big with NFTs

Idk why my original calculation was incorrect but yes it looks like 210,000 over 10 years which is better but still not great.

 

[Islam Imamate]

We'll know who's right before too long but I think ai is going to take alot of jobs in the next ten years

I have a friend in tech who is unemployed right now and he's quite bearish on the job market but not because of AI which is overhyped. The reason for the bad job market in his view has more to do with aggressive overhiring during COVID and rising interest rates which makes it harder to invest in R&D. Too many workers and not enough productive projects for them to work on. AI is a good excuse to trim the bloated workforce but I doubt it'll replace the coder, at least that's his take.

 

[Islam Imamate]

He didn’t answer so I assume no. Arguing housing and the merits of the suburbs with someone who doesn’t even have a mortgage

Didn't answer because I'm answering others but you're right, I don't have a mortgage as I'm still trying help pay off my parents mortgage which probably won't be done in their lifetime. Maybe someday I'll buy my own but yard work and maintenance on their house is bad enough already so I'm leaning towards renting in the medium term.

I don't think that changes anything I said though, a house is not a good investment in purely financial terms given the upfront cost, the ongoing expenses, and the fact that investing so much in one asset is risky.

If you plan to rent it out that's different. I wouldn't "house hack" because I wouldn't want the hassle of dealing with tenants and repair/maintenance but I could result see someone making it work.

 

[Islam Imamate]

Idk why my original calculation was incorrect but yes it looks like 210,000 over 10 years which is better but still not great.

Better than the average return on an NFT I imagine.

 

[LangfordBarrow]

That dude doesn't own shit. All of his arguments boil down to "I own nothing, so here's my great idea as to why everybody else should own nothing."

He does the same shit with cars. He thinks they should be abolished, and the government should force everyone to use public transit, LOL. Dude's a bum.

 

[Rob Battisti]

Better than the average return on an NFT I imagine.

8% is okay but it isn’t enough

 

[Islam Imamate]

8% is okay but it isn’t enough

You're right, might as well invest in digital images of monkeys instead.

 

[Rob Battisti]

You're right, might as well invest in digital images of monkeys instead.

Do you wake up and say “today, I’m going to be the biggest asshole possible”?

 

[Islam Imamate]

Do you wake up and say “today, I’m going to be the biggest asshole possible”?

Whoa dude I'm just engaging in some friendly banter and playful ribbing, I thought you were all about that?

 

[Rob Battisti]

Whoa dude I'm just engaging in some friendly banter and playful ribbing, I thought you were all about that?

You got me

 

[Limbo Pete]

Go have a nice 4th... you're embarrassing yourself here.

 

[Andy Capp]

Musk’s antics backfire as Tesla car business slumps

Comment: Robotaxis, humanoid robots, and fights with Trump can't hide declining EV sales

www.theregister.com

lol

 

[My Spot]

I wonder what happened to the "I work for ICE, AMA" thread in the Mayberry.

 

[The Diplomat]

I wonder what happened to the "I work for ICE, AMA" thread in the Mayberry.

Their budget went up, and decided Sherdog was the B leagues.

 

[Yehudim]

You're right, might as well invest in digital images of monkeys instead.

As laughable as all that shit is, I bet Rob has made a lot in cryptocurrency and real money on all this dumb pump & dump shit. Despite being worthless outside of dark web transactions, Bitcoin still goes up which doesn't make any automatically rich because you can't easily turn it into real money, but it's something. It has made me realize how powerful globalization is, because there truly is a market for everything when you have 8 trillion suckers on this planet.

 

[Andy Capp]

As laughable as all that shit is, I bet Rob has made a lot in cryptocurrency and real money on all this dumb pump & dump shit. Despite being worthless outside of dark web transactions, Bitcoin still goes up which doesn't make any automatically rich because you can't easily turn it into real money, but it's something. It has made me realize how powerful globalization is, because there truly is a market for everything when you have 8 trillion suckers on this planet.

And another one born every minute, or so I'm told.

 

[Yehudim]

And another one born every minute, or so I'm told.

That has been revised to every 2 minutes due to collapsing birth rates.

 

[Rob Battisti]

I just can’t wait for it to be $500,000 and everyone here will still call it a scam. By all means, continue to believe that I’m the retard when I’ll be financially free within 5 years.