DrunkenPirate @ DrunkenPirate @feddit.de

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Joined

2 yr. ago

German here. Same shit with house prices here. Unbelievable expensive. Netherlands, Denmark, Swiss, France all the same. All out of the cheap money/ interests thanks to Lehmans & broker bros.

The only country where housing is affordable is China. They built way too many apartment buildings. Entire ghost towns. People are fucked there as well though. Standard people lost a lot of money. Crazy world.

Good article with more insights than any other Western newspaper could give. Thx for sharing.

I have this one https://www.conrad.de/de/p/digitus-dn-94022-netzwerk-werkzeug-set-passend-fuer-netzwerk-spezifikationen-cat-cat-5e-cat-6-cat-7-2335586.html It’s very basic and I miss nothing. I needed those 4 tools. Had set up my network at home with flush-mounted Cat sockets, self crimped cat-cables (consider CAT 6A and S/FTP shielding) by help of YT videos. You don’t need to throw gold on those tools. Better invest in good cable and connectors. Not sure if I seriously use them again to that extend.

Edit: And check the network speed of your cables. It was quite surprising how very little tweaks had big impact on overall speed. Sometimes I didn’t even know why and crimped it anew.

ChatGpt: 1+1≈2

Modem - Switch - Router 1

…………………………|_Router 2

May be this setup?

Last point made me smile. Good one

Oh this sounds familiar for a German in Ruhr area. This area is strongly undermined by coal mines. Imagine LA with many levels of cellars under it. Down to even 1000mtrs.

Ruhr area sunk down year on year for around 100 years now. Many buildings would get drowned by natural ground water if there wouldn’t be pumps. These pumps are supposed to run forever. It’s financed by a fund of the coal mines and called “Eternal fund” Last coal mine closed 2018.

Don’t think labor costs is a big factor. Car production is the sector that is most automated. Just think of this endless bands of hanging cars with robot arms working on it. Tesla even topped this.

It’s mainly the unwillingness to design and sell cheap cars due to less profits. In Germany we had electric cars for 20k€ or even combustion cars under 15k€. But they stopped building it. Although it was sold out in weeks.

In my region there was a Startup by the Aachen University RWTH (which is an elite university in Germany) bulding small EVs for around 20k€. They simply bought all parts from suppliers and just assembled it. And engineered and designed it first. Unionized and still competitive. Unfortunately, they didn’t fly.

EV building is rather simple. The software is key. And this is the missing part at car makers capabilities.

I second your thoughts on trade war. However, I guess it will be much simpler with high taxes, high quality regulations, and may be less support by car workshops. We will see…

No it’s a self verification. Bots always write correctly and never intimidate, you fuckas.

There‘s a word for that „Greedflation.“ This is what western car makers do. Luckily, the Cinese car makers grasp their chance and disrupt the market

This study must be Italian peer reviewed. Emphasis on view.

Indeed. Now, publically available for every governmental police. Not the US only. Even Iranian or Saudi police. Hey wait, don’t they punish family members of political enemies?

Seriously, once there were police men at my door asking for a DNA test by free will. There was a rape in my county and they asked every male. I wondered who‘s going to be that stupid and handing over police your DNA. Once its stored in a database…

Captain Obvious was hiding for a while. Now, he runs with your most personal data. Even your kids will thank you in coming years for whatever behavior, diseases, IQ or political preferences will be found to be rooted in genomic data. The world will know theirs.

Edit: Oh, and you‘ll help your family members to be jailed, if somehow involved in criminal acts.

Indeed. Some European SUV‘s are called as such for marking purposes only

I think you might be alluding to timing the market? In that case you're "speculating", not "investing". Speculation is making a(n educated) guess about market directions. Investment is earning an expected return over time on capital.

That might actually my different view point.

I think one should time the market or even trying to do so. There aren’t always good times. I mean that thing of „time in market beats market timing“ is for buy&forget investors who don’t want to put much effort in their finances. If you care, you see which area is a go and which a no-go at a certain moment in time.

That speculating vs investing is well written. I‘m not a native English speaker and put both under the umbrella of „Investor“ - who actually does both. So for me „speculating“ is key when you buy a stock or asset.

Having, even a rough, idea of how the price is and how it might move should be essential. And with this mindset the price of buying is important only. Because you won’t buy a going to decrease asset, would you? Charles Munger and all those other value investors are doing it like this.

Too many. In Europa it’s the same. Around 30% of new cars are SUV‘s. And it’s not the people, it’s the corporations that drive this trend. They earn more on this huge cars. (And silently killed all small cheap cars. Only China is building small cheap cars) And guess what the industry whisperers say, what the solution to this is?

Buy even more SUV‘s. That is the solution!!! Ahem, of course they’re electric. But keep buying big costly cars!

You miss the point of „Costs of missed opportunities“ if you (a) are always fully invested, (b) keep even underperforming stocks/assets forever until (c) some of those may go bankrupt.

Same with other assets.

Btw the price if assets matter if you buy. Not if you sell, this is a pure bet on raising prices. One should have an idea how much an asset can raise in price. (Or would you buy a property right now, because price will raise anyway?)

Sure. But why not just staying with SP500? It gives more returns and, to a high degree, is to big to fail. Central banks will intervene before the money burns.

• If safety is your reason for diversification, think about the central banks.
• If returns is your reason for diversification, think about market share of US economy and SP500 returns.

From August 2012 to mid-November 2023, my portfolio returned 7.6% annually or 4.8% per year after inflation. This is above my long-term return expectation of 4% per year after inflation for a diversified portfolio. However, it’s still far below what U.S. stocks returned over this same time period. From August 2012 to mid-November 2023, the S&P 500 returned 13.1% annually or 10.2% per year after inflation.

For me, asset diversification seems to be the game of millionaires to stay rich. For getting wealthy for standard people growth stocks seem to be the best way.

Just watched on tv a documentary about strikes a hundred years ago in the US. Facing the Rockefellers, Carnegies and alike. Police was shooting them down. That’s the US. Railroaders are on strike just today in Germany.

Sentences have both meanings and sound, yours have sound