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  1. #21
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    Quote Originally Posted by ceecee View Post
    There is a difference between being excluded from the market and not being able to afford to participate. But the GOP is making sure to tie up any loose ends...

    Senate votes to eliminate Obama-era retirement rule | TheHill

    Before anyone utters - but, but, but IRA....stop speaking. The GOP made something more difficult for low income working people. The ones that they claim to be championing. Because a fraction of a dollar would be kept from the private sector who is clearly suffering. Think about that.
    Same thing's happening in the UK, paradoxically the conservative party which is responsible is becoming more and more popular, when they sell off the NHS to Trump they'll some how secure office with privileges for life.

  2. #22
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    Quote Originally Posted by Survive & Stay Free View Post
    You dont need what I would consider a fortune in order to be able to invest, you can accumulate from working and saving enough to invest before you are out of your twenties, through regular jobs, then for less than what you pay for a mobile phone connection you could set up a direct debt and have an actual investment account, choosing how much risk you want and leave it on auto-pilot, earning at least loyalty bonuses.

    Its not warren buffet stuff but not all investors are traders, that's an important distinction to make, you can simply invest in a fund and it will hopefully accrue value.

    When I think of how much money I've spent on scratch cards, lottery tickets, occasional visits to casinos (though those are fun too) and that money would have made an investment account too, easily, a small one, but one none the less.

    I wish I'd known about all this a LONG time ago but I did my own research, spoke to people who'd retired and spoken to independent advisors, read some good books from Amazon, like the barefoot investor, and adapted what I could from them (read some bad books too, which were fawning tributes to the great investors and richest people in the world full of platitudes and vagaries, not enlightening at all).

    The point is that I've had savings for a long time, they are small, nothing at all really compared to anyone who has been saving as a priority, its just a small amount at the end of each month's spending, not even the ten or twenty percent of post tax income they say you should save and when I read online blogs by people like mad fientist I wish I'd known how to marshal money like they do. A lot of this I really think is about social capital, rich people know how to manage even small amounts of money better than others in order to get it to work for you. Like I'd not dismiss, ignore or give up on the idea simply because you've not been born to it, you know?
    I like your optimism and am always very glad to see that some people still understand the concept of working hard and saving. It sounds like a great goal to work towards.
    But I'm legally not allowed to work ( more than 4 hours) own property or have a savings account.

    Complaining about that was not my intent. I genuinely think that not getting ( Or having) to worry about such about such things gives me a somewhat unique perspective.

  3. #23
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    Quote Originally Posted by Yuu View Post
    I like your optimism and am always very glad to see that some people still understand the concept of working hard and saving. It sounds like a great goal to work towards.
    But I'm legally not allowed to work ( more than 4 hours) own property or have a savings account.

    Complaining about that was not my intent. I genuinely think that not getting ( Or having) to worry about such about such things gives me a somewhat unique perspective.
    Its a better idea to only worry about stuff that you have control over, I dont think anyone controls the stock exchange.

    The present flux is supposedly being created by a people selling as they believe central banks will be increasing interest rates soon, they'll want cash saving to benefit from that rather than shares with variable value.

  4. #24
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    Quote Originally Posted by asynartetic View Post
    I'd actually love to be able to play the stock market. It sounds like a lot of fun and I wish more people had the means to participate. I've even considered learning about day trading as a potential source of side revenue.
    If you do learn anything share it here, I tried once or twice to create threads but there was no interest.

    I first got interested in it when a character in Meet The Parents kept asking a more blue collar worker guy what his "portfolio" was like, up until that point this meant a folder of sketches an artist would create.
    Likes asynartetic liked this post

  5. #25
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    Quote Originally Posted by asynartetic View Post
    I'd actually love to be able to play the stock market. It sounds like a lot of fun and I wish more people had the means to participate. I've even considered learning about day trading as a potential source of side revenue.
    I am doing the "Buy and Hold" Method myself.. I am not going to react to the market.

    If you want to go for long-term sources of passive income streams, look into blue-chip companies that offer investors dividends.

    I am pretty poor but still try to put a few bucks into the stock market each month because I want compounding to work for me. I went fairly aggressive and high risk because I am still relatively young in the scheme of things and can afford to take higher risks.
    Likes asynartetic liked this post

  6. #26

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    The Dow's fallen another 355 points today.

  7. #27
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    Please keep your posts within this thread and within the Politics subforum on topic and relevant. Off topic posts and fluff will be moved, as some have been already, and persistence of such will result in a threadban.

    We ask for this cooperation with the intent of maintaining and preserving higher level, respectful discussion and/or debate within this subforum.

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    ~Dreamer
    Likes Xann liked this post

  8. #28
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    Quote Originally Posted by FutureInProgress View Post
    I am doing the "Buy and Hold" Method myself.. I am not going to react to the market.

    If you want to go for long-term sources of passive income streams, look into blue-chip companies that offer investors dividends.

    I am pretty poor but still try to put a few bucks into the stock market each month because I want compounding to work for me. I went fairly aggressive and high risk because I am still relatively young in the scheme of things and can afford to take higher risks.
    Yeah, I've read a little about compound interest too and that's why I have my income funds set to reinvest whatever gains there is, its all small, small, small time but I see it as something none the less, and all that I've read about how this sort of investment and accumulation will always out perform simple interest savings accounts, particularly with high street banks, or just holding on to money that you have earned over a longer time and being frugal makes perfect sense too.

    I didnt go for blue chip, the returns are even smaller than those on the adventurous risk funds. Although I've been interested and tempted to invest smaller amounts in companies that I like or use myself, amazon, netflix, particular foods and goods, I've not done that, I think it would be vanity trading and the one time I did try to invest myself I just steadily, slowly, lost money, it wasnt even a matter of sticking so much, I can see the point of that when its a managed fund, someone else is trading on your behalf after all, but if you are trading yourself or as close to that as makes no difference you need to be able to make picks and switches, tell when people are ramping or when something is bottoming out for real.

  9. #29
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    Quote Originally Posted by Yuu View Post
    I like your optimism and am always very glad to see that some people still understand the concept of working hard and saving. It sounds like a great goal to work towards.
    But I'm legally not allowed to work ( more than 4 hours) own property or have a savings account.

    Complaining about that was not my intent. I genuinely think that not getting ( Or having) to worry about such about such things gives me a somewhat unique perspective.
    I wanted to say that I dont really hold with a lot of the propaganda about work ethics, I dont see anything particularly character building or productive about a work ethic per se, in fact I think the opposite, the purpose of working up revenue, differing gratification from spending or consumerism or smaller time hedonism, accumulating savings is to try and achieve a modicum of financial independence, its not even about early retirement but I admit that's part of it for me too, its not that I dislike working but I have what I think is a proper perspective on it now at what is hopefully a mid point in my life, there's things other than work which are much, much, much more important than it and the sooner that I can spend more time on those things the better.

  10. #30

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    So much for the rally. And down the DJIA goes (167 points) below 25,000. This is what happens when Trump replaces Yellen with a tone-deaf rookie.

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