Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
Bill
Administrator
I’ll fess up and named those responsible. Joe Biden!
thousands of undocumented, unaccompanied children are lost in this country because of his dumb ass policies.
And no SS # required to work.. JB’s party!
Please don’t type back at me in bolded Caps, this place has been pleasant and I’m keeping it that way.
Next question.
hunts_with_stick
5 year old buck +
Maybe there is some truth to the conspiracy theory about population reduction. If AI takes over the rich won’t need us peasants to do the jobs that keep them comfy
Jerry-B-WI
5 year old buck +
both parties are responsible for attacking child labor laws. look at what happening in wisconsin, iowa, arkansas, and ohio. all republican and trying to "plug the labor shortage" by allowing 14 and 15 year olds to work crazy hours without age verification and the kids don't need their parents permission.
Bowsnbucks
5 year old buck +
I don't think being a bit more fair-minded brands one a communist. I don't begrudge innovators from being rewarded - but where does hyper-greed fit into God's plan?? (For the Christians out there) Rich people can still be rich, live a very comfy life - and still treat workers more fairly and raise their standards of living from "just keeping their financial noses above water."
The time-worn tale that "hard work and long hours will get you financially well-off" is crap. I, and many millions of good, honest folks have worked our butts off for years - and we aren't owners of 5 or 6 get-away properties, underground bunkers, yachts, and private planes. If hard work REALLY rewarded hard-working, honest people - the "wealth pyramid" would look more like a diamond - with the folks in the middle having a lot more of the financial pie.
BTW - I'm N-O-T for hand-outs & doing nothing. Work SHOULD = better outcomes than what most people have been "trickled down on" with.
Bill
Administrator
Wow. I’ve a 4 week coming due soon. Got to set it up to just roll over.
Bill
Administrator
Hard work won’t get anyone there.
One day I came home with a stack of bank paperwork I needed my wife to sign. As basic as I can make it, those papers said if my endeavor went bust she lost her home, her car, her jewelry and everything of value in our life and we were broke and homeless.
I was about 33 years old with a 3 year old at home. We carried several million in revolving credit debt for years. I got lucky, it worked. It could have went the other way. I was and still am surprised at the people who I gave employment that thought I was the greedy business guy. There were people on the payroll for many years that brought more home then I did after all the bills were paid.
It takes balls not hard work. And there is no way I would do it again..
Foggy47
5 year old buck +
For about two decades I was a sales rep for an aluminum company. Salary and bonus affair. I worked my fanny off and I sold more metal than most two of the other reps they had....and still could not get paid more....despite me working harder and doing more. I was capped. Not a bad job......but when you excel at something and want more.....I could not get more without moving or taking a higher position......which I did not want to do. Considered being an independent commissioned sales rep.....but ended up quitting and starting my own manufacturing biz. Tried to keep the risks quite low until we felt comfortable (may be a strong term) and gradually things worked out. I kept borrowed money out of my biz to a very large extent. Great margins + low risk = a good reward. There is no way I could achieve the degree of wealth we now have while working for somebody else. They replaced me with over 2 other guys at the aluminum company......and it cost them more. That is the way it is I guess. Reward follows risk....IMO. Unhappy?....time to move on. Don't expect high pay flipping burgers. Same goes for investments. Don't expect to get a big reward for holding a CD at your bank. There are some exceptions of course, but typically you gotta get some skin in the game to get a big reward. My 2 cents.
b116757
5 year old buck +
Bill is spot on it takes a different personality than most folks possess they simply don’t have the stomach to take the risks it takes to make exceptional money. A disciplined investment approach for anyone and I mean anyone can make them a wealthy individual by retirement age but again very few people possess the discipline to invest 15% of their income starting in their 20’s. Then the individuals that won’t take risk and the individuals that live beyond their means complain they aren’t paid enough under the guise of fairness Froggy is also spot on sounds like communism to me also.
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jsasker007
5 year old buck +
A fair stock market wouldn't hurt either!
b116757
5 year old buck +
They will likely drop rates to zero again after they completely decimated the economy because they are always months behind on monetary policy. They did leave it at near zero way to long last time it’s partially to blame for our current problems of course the government spending like drunken sailors isn’t really helping.
S.T.Fanatic
5 year old buck +
It is a service industry meeting demand. People live a busy live style (their choice but...)It has nothing to do with greed. They run on tight margins and don't make much per transaction. They just make several million transactions per day. Nobody is forcing them to work the job. The pay is announced and people agree to the terms. It's as simple as that. If you don't like the pay get a job somewhere else. Everyone is in need of help. I was doing farm work for slave wages when I was Eleven years old. When you have zero bills it really doesn't matter what the pay is. I commend the kids and the companies that are employing them. This world needs a serious lesson about working, self accomplishment, no free handouts, etc..
4wanderingeyes
5 year old buck +
I know nothing about metaverse, but I have played some VR games, and I can see how people are willing to throw money at invisible electronic made up stuff.
SD51555
5 year old buck +
If everything was well thought out, there'd be far fewer pump and dump schemes out there. The fed helped fuel these bubbles. We've had a firehose of money supply expansion since 1985. A person would have had to make an effort to lose money over that time period. Looking back, the physics were very simple: latch onto anything that has value and can't be faked like real estate, durable goods, stocks that have a stable or declining share count (bonus if they were growing revenue/profit at the same time).
If I really had the foresight, I'd have gone all in on tech, ag, and war. Wherever the government is pouring the money, that's where the wealth ends up. Ten years ago or so, I bought a bunch of LMT stock at $75/share. I sold it three months later for around $115, and I thought I was the smartest guy on earth. I also owned 350 shares of TSCO when it was $45/share a while back. Sold that around $95. Here's how those turned out.
