ahh yess slowly this site will turn into wallstreetbets for sure
you are right that we should delete the containment comm and tell them to post to main like they were before, thatll prevent them from overtaking the site
401k's are the new social security but they hardly justify daytrading culture on this site. Coulda called it finance and kept all the stonks and personal finance learners in one place
I got one from Papa John's when I delivered from them. Cashed out at the beginning of the pandemic (right before the market tanked) and walked away with like $100 more than I put in after $500 in fees (total payout was like $700).
I recently got a letter talking about how I could have earned 10k this year if I opted in, and a big asterisk, which resolved to, as long as I make 3x what I currently do, and invest more than I currently have each month for my entire discretionary income budget.
But even if I did, a 401k isn't the same as day trading.
Figuring out how to survive, manage funds, and not become parasites while understanding that many people really are broke as shit, sounds good.
But I don't know if I want a comm of financially comfortable lefties who genuinely don't understand that many people either don't have 401ks, or don't have enough money to buy into it.
I don't know if I want to get into a poverty Olympics sort of discussion, at all, because hurting less is still hurting, I know, and especially with a site admin, because if/when I get banned, I want it to be for something funny. But 3% for me, both wouldn't get me very much, even when matched, and would hurt, because my "discretionary" income does a lot of heavy lifting, in addition to little luxuries, as the "any food beyond beans and rice" income, the "stocking up the freezer when stuff is on sale" income, and the "saving a little extra for the next personal financial emergency that will inevitably happen, but I don't know when or how" income.
A lot of the time, normie financial advice has resulted in them recommending I do things I'm simply unable to do. Right now, I'm still low on the rungs of the socioeconomic ladder, but I'm finally able to do things like buy in bulk, pay for a warehouse membership, buy better stuff that lasts longer, etc, that I used to not be able to.
However, there was a time where I just didn't have the $40 a year for the opportunity to spend $20 for $30 worth of product, or even purchase the chest freezer needed to store it. And people just couldn't grasp it.
I guess it all depends on if there's enough failsafes to prevent capitalists who think it's okay to behave exactly like capitalists as long as they label themselves as "accelerationists" from swarming in.
If people can get in, get out, and pay off their debt, fix their cars, help their situations, and the comm turns into tips on managing money, and assistance programs that people may be unaware of that's good.
If it's a constant wave of "_____ is the next GME!" posts, that's bad.
Though, if it's intended to be a temporary containment board, after which time, it changes to general personal finance one, as long as it cracks down hard on daytrader parasite fetishism, then it could be fine, yeah.
ahh yess slowly this site will turn into wallstreetbets for sure
you are right that we should delete the containment comm and tell them to post to main like they were before, thatll prevent them from overtaking the site
Unironically, yeah.
No finance posts. Full stop.
So we can't discuss economics on a communist board? very smart
Different type of finance talk.
Das Kapital wasn't supposed to be a manual.
I see you discuss M-C-M'
Yet you don't engage in M-C-M'
How curious
why not? do you not contribute to a 401k?
401k's are the new social security but they hardly justify daytrading culture on this site. Coulda called it finance and kept all the stonks and personal finance learners in one place
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I mean that is essentially what wsb is. But with an extra portion of casual ableism
WSB is closer to day trading than actual investments.
This makes me feel a lot better about its existence.
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I got one from Papa John's when I delivered from them. Cashed out at the beginning of the pandemic (right before the market tanked) and walked away with like $100 more than I put in after $500 in fees (total payout was like $700).
401ks are a scam.
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lol, I'm too poor to contribute anything.
I recently got a letter talking about how I could have earned 10k this year if I opted in, and a big asterisk, which resolved to, as long as I make 3x what I currently do, and invest more than I currently have each month for my entire discretionary income budget.
But even if I did, a 401k isn't the same as day trading.
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Figuring out how to survive, manage funds, and not become parasites while understanding that many people really are broke as shit, sounds good.
But I don't know if I want a comm of financially comfortable lefties who genuinely don't understand that many people either don't have 401ks, or don't have enough money to buy into it.
"financially comfortable lefties"
401ks arent just for financially comfortable people
i put in like 3% of my check because my company matches it and thats it, i aint financially stable at all
I don't know if I want to get into a poverty Olympics sort of discussion, at all, because hurting less is still hurting, I know, and especially with a site admin, because if/when I get banned, I want it to be for something funny. But 3% for me, both wouldn't get me very much, even when matched, and would hurt, because my "discretionary" income does a lot of heavy lifting, in addition to little luxuries, as the "any food beyond beans and rice" income, the "stocking up the freezer when stuff is on sale" income, and the "saving a little extra for the next personal financial emergency that will inevitably happen, but I don't know when or how" income.
A lot of the time, normie financial advice has resulted in them recommending I do things I'm simply unable to do. Right now, I'm still low on the rungs of the socioeconomic ladder, but I'm finally able to do things like buy in bulk, pay for a warehouse membership, buy better stuff that lasts longer, etc, that I used to not be able to.
However, there was a time where I just didn't have the $40 a year for the opportunity to spend $20 for $30 worth of product, or even purchase the chest freezer needed to store it. And people just couldn't grasp it.
3% of my old wages would have meant i don't get to eat for a few days a month
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Eh, perhaps.
I guess it all depends on if there's enough failsafes to prevent capitalists who think it's okay to behave exactly like capitalists as long as they label themselves as "accelerationists" from swarming in.
If people can get in, get out, and pay off their debt, fix their cars, help their situations, and the comm turns into tips on managing money, and assistance programs that people may be unaware of that's good.
If it's a constant wave of "_____ is the next GME!" posts, that's bad.
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I'm also kinda shooting from the hip as well right now.
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nah mate, most people are poor
i am poor too. ive only ever worked at walmart
Walmart gang rise up. No, really...rise up :100-com:
Fucking yikes.
If you put money away for retirement instead of using every spare dime to stockpile supplies for the revolution/climate apocalypse ur a lib
i dont even have closet space for supplies
i live in an apartment
Dude you're brilliant! Let's shut down all the posting to really sure this place up.
Only the libs. Oh wait...
Though, if it's intended to be a temporary containment board, after which time, it changes to general personal finance one, as long as it cracks down hard on daytrader parasite fetishism, then it could be fine, yeah.