AlmightySnoo

AlmightySnoo, 2 years ago

Yep, one could imagine scenarios in Texas where women could in theory be arrested if their messaging app snitches on them and tells authorities about their planned abortion (since it’s very easy for AI now to understand your conversations so it should be easy to automate in theory) or Google Maps reports them for having detected that they went to an abortion clinic.

AlmightySnoo, 2 years ago (edited 2 years ago)

When it’s 50% more than the historical yearly average return of the S&P 500, you’re right to be concerned.

I don’t know. I am a salary man. I know nothing about business and investment.

I’ll join the “don’t” crowd then but will also suggest that you should urgently get some financial literacy to avoid “scams” like these. If you really want to invest money into something, your best bet would be an index fund or an ETF tracking an index like the S&P 500 which historically returned on average (very important to highlight the “on average”, because not only does it mean that it can be less but it also means it should be a long-term investment for the law of large numbers to be in your favor, not mentioning that holding for long periods has tax advantages depending on where you live) 10.15% per year since 1957: investopedia.com/…/what-average-annual-return-sp-…

Avoid stock picking, options, cryptos etc… (unless you really, really know what you’re doing) and instead trust when people like Warren Buffett tell you to look at index funds or index ETFs instead and to let compounding do its magic over the years: cnbc.com/…/billionaire-warren-buffett-swears-by-t…

I’d suggest you buy a book like “The Psychology of Money” by Morgan Housel (very good one) and to read it before you make any investment decisions.

AlmightySnoo, 2 years ago

A video from two months ago for those who want to see it in action: www.youtube.com/watch?v=iTZ2N-HJbwA