Integration of the Doomstead with Dogchat is under construction.
Quote from: Fantasy Girl on Mar 10, 2025, 02:29 PMI think we have a new troll !
Quote from: K-Dog on May 17, 2024, 03:51 PMThe New Republic contends we do not have Fascism now, but that Trump will bring it. I can't agree. We already have fascism. Our defense industry controls the state. Trump did not start that, and we have a double dip of genocide, war, and exploitation right now. All with Trump gone.But if we are getting into sophomoric role play then if Trump gets to be Hitler I want to be Albert Speer. And if their are allegations of slavery in my factories I will see...
Quote from: Goldernen Oxernen on Mar 16, 2025, 03:05 AMBitcoin was 70$ when my alterego told us it was the future. investing 400$ then would be a million now. never too late..
QuoteIm not 100% sure, but i think Elon may have been born a ♀️ woman. Those people are connected to the super wealthy to begin with. Family backgrounds are just cover stories.
Quote from: RE on Mar 16, 2025, 02:12 AMQuote from: TDoS on Mar 15, 2025, 05:15 PMHow does a 401k fit into your world of "work"? It isn't obvious, but aren't market investments, including purchasing real estate, fair game for everyone, including the $30/hr working man?
No. At $30/hr there isn't enough surplus income to effectively invest in RE or the SM. It translates to $50K/yr, which is below the median household income. If you are a frugal person you can just about live on the median income and save a little for emergencies and medical bills.
15 years ago when I left the working world I was making $40K, the median income at the time. I am very frugal and was able to save around $3K/yr. If you extrapolate over 30 years of saving $300/mo invested with an average ROI of 7%/yr. That gives you $500K in assets. Retire, 7% gets you a retirement income of $35K. You might just squeak by with this if you never have a big medical bill or floods, fire, tornado and your kid didn't need braces or need some help with college tuition. This also assumes a very good average ROI. You don't get 7% on T-bills or CDs, you need some riskier investments in your poortfolio to get there.
Realistically these days, you need to be making 6 figures before you have enough surplus to do investing. Frankly it takes 6 figures just to afford that 1 big investment, your McMansion. Plus the first 5 years you're not saving for retirement, you're saving for the down payment. My general rule is that whatever the median income is, you need to make about double that to join the Investor Class.
Social Security is a means to insure the society as much as the individual. Prior to the invention of such systems by Otto von Bismark, the cities were full of beggars who either died or got stuffed into debtors prisons. Younger people could work faster at lower wages, so by the time they hit 60 with no job security they were on the street. It's not an investment system to make people rich, it's society's insurance against having impoverished old people begging on the street. That's currently all it does, for a comfortable retirement you need ADDITIONAL sources of income like Pensions & 401Ks. You have to be a pretty high earner through most of your life to achieve that.
RE
Quote from: TDoS on Mar 15, 2025, 05:15 PMHow does a 401k fit into your world of "work"? It isn't obvious, but aren't market investments, including purchasing real estate, fair game for everyone, including the $30/hr working man?
Quote from: RE on Mar 15, 2025, 06:39 PMQuote from: TDoS on Mar 15, 2025, 05:15 PMDon't recall ever ranting about privilege, don't ever recall mentioning how little of that I ever was born with or grew along the way
You must have forgot to take your Alzheimer's meds. Every time you talk about my fictional silver spoon you regale us with your poverty filled childhood.
Far as the utility of your own website goes, no cooler there. Off you go.
RE
QuoteHow does a 401k fit into your world of "work"? It isn't obvious, but aren't market investments, including purchasing real estate, fair game for everyone, including the $30/hr working man?
Quote from: TDoS on Mar 15, 2025, 05:15 PMDon't recall ever ranting about privilege, don't ever recall mentioning how little of that I ever was born with or grew along the way
Quote from: K-Dog on Mar 08, 2025, 02:35 PMI have had enough of his insulting shit. Enjoy your week off TDOS. I should altogether ban your ass permanently. You should start your own website.
Quote from: K-DogWhite racist cracker who worships the divine rite of kings.
Quote from: K-DogYou can rant about how privilege is the natural order of the universe, and how you deserve to be one of the privileged few.Don't recall ever ranting about privilege, don't ever recall mentioning how little of that I ever was born with or grew along the way, (and according to the new forum rules I signed after my most recent comeback) can you quote me please where I said that it is the natural order of the universe?
Quote from: K-DogElon has not earned shit, he has created nothing of value.Would you care to define "value" as you see it? Because that isn't the same word as "work" which you defined roughly as "$30/hour for XX decades".