TankieTanuki [he/him] to

finance • 4 days ago

A friend of my dad is holding >$20k in unnecessary credit card debt because he thinks his stocks can outperform the ~29% APR 🙃

64

A friend of my dad is holding >$20k in unnecessary credit card debt because he thinks his stocks can outperform the ~29% APR 🙃

TankieTanuki [he/him] to

finance • 4 days ago

He's also a Jim Cramer fan.

Why are rich boomers so dumb?

Someone should tell him about the amazing investment opportunity that is the Iraqi dinar.

Chat

blame [they/them]
·
4 days ago
Me, watching my credit and bank account because the S&P 500 has only made a measly 24% this year.

link

finance

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !finance@hexbear.net

Stock market entryism is a revisionist lie.

:stonks-up: :stonks-down: :ritzy-marx: .

Rules:

NO ABLEISM. ALTERNATIVE WORDS:

Piss Baby
Shitbird
Asshat
Liberal

NOTHING IN THIS COMM SHOULD BE TAKEN AS FINANCIAL OR INVESTING ADVICE.

All posts and comments must follow the ChapoChat Code of Conduct as well as our Terms Of Service.

No referral, invite, or affiliate links/codes
Do not soliciting business/investors, market research, media requests, or recruiting.
No asking (even indirectly) for gifts, loans, or donations for yourself or on behalf of any organization or person(s). !mutual_aid@www.chapo.chat exists.

We also do not allow:

Any mention of a fundraising campaign even without a link
Requesting a job
Asking for loan cosigners
Soliciting for anyone to engage in any kind of transaction
Suggesting another user perform an activity that is illegal, unlawful, or fraudulent in most jurisdictions
Linking to illegal content or lawbreaking information
Asking for advice on any of the above

Please note, posts and comments shitting on the existence of this comm are not allowed.

This is a dengist safe space. :deng-smile:

“I have, which will surprise you not a little, been speculating - partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.”

Karl Marx

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

1 user / day
79 users / week
209 users / month
665 users / 6 months
969 local subscribers
978 subscribers
873 Posts
4.64K Comments
Modlog