@lisamelton@lydialurch@inthehands I get that, too! Or even if it’s the first time but the interaction crosses a line. For me, it’s “very unique”. Something is either unique or it isn’t. There’s no modifying the amplitude of uniqueness. (Truly unique is different because you’re specifying that you mean that it is one of a kind, not just hyperbole). You know, if you assume people say things to mean things.
So, um kegseth’s broker tried to buy a shit ton of defense stocks right before the start of the Iran attack? Even blackrock thought that was too suspicious. This is either extremely corrupt or another failure of SECDEF to keep his mouth shut about secrets. Probably both.
I saw someone suggesting that small investors are at a disadvantage because they are generally restricted from entering into the high risk/high reward private equity investments that the very wealthy have access to. Retail investors are therefore falling behind... This gets the problem entirely wrong. The problem, as with so many things is the extreme level of wealth inequality. The problem is that we have some people with so much money that they can afford to lose billions on long shots while everyone else is one recession away from having to sell their retirement fund at a discount to stay housed. The minimum to enter into these funds is a net worth of at least $1M not including primary residence, and the minimum investment in these funds is usually $250k or higher, with a recommendation that it not make up more than 5% of your portfolio. So really, you need like $5M for this to make sense. That doesn't mean billionaire, but it means that you're someone who can afford to lose $250k and not be destitute. This rule exists for a reason, and the people suggesting that opening up PE investments to retail investors are mostly looking to treat retirement accounts and Robinhood gamblers as an ATM for their speculative projects. If you want to fix the disparity, we maybe need an economy were there aren't quite so many people with essentially unlimited funds to throw away on wild bets, and where more people have enough to save and invest prudently.
Holiday wish list: 1. Trump falls and impales himself on his sand wedge, 2. JD Vance: allergic reaction to filler in new couch cushions, 3. Elon Musk gets what’s left of his genitals shorn off in a freak dick-sucking robot accident, 4. World peace, 5. Big retirement party for Chuck Schumer, 6. Epstein files, 7. Larry Ellison succumbs to silicon induced dementia, runs over son with flaming cyber truck, 8. Massive global wealth tax on billionaires, 9. New running sneakers, 10. Pony
I probably shouldn't be saying this. This is my shitposting handle for stuff that I don't necessarily want the boss to see. He/him. Here for jokes and cats, mostly. Profile pic is a smiling clipart cartoon mushroom. Header is a schematic of a public bathroom. Taking a little social media break. I’ll be back tho