Investing General Discussion

Gravel

Gravel

Mr. Poopybutthole
46,038
165,997
B_Mizzle said:
I always get burned on silver. What i thought was gonna happen at 50-60, happened at 100 and right after I bought in. Luckily just a little this time.

In other news looks like we're đź‘Ť for 7k.

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Yeah, not so much.

Seems like we've been stuck in this +/- half a percent from 1% up. Not sure what breaks us out of it.
 
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Kirun

Kirun

Buzzfeed Editor
21,211
18,258
Gravel said:
Yeah, not so much.

Seems like we've been stuck in this +/- half a percent from 1% up. Not sure what breaks us out of it.
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The only part of the economy that is "stable" is the whole AI bubble. It's pretty much the only sector holding things together/doing well.

The boom/bust of that will determine which way we break out of it.
 
Nirgon

Loser Nirgon

Potato del Grande
18,892
30,329
Kirun said:
The only part of the economy that is "stable" is the whole AI bubble. It's pretty much the only sector holding things together/doing well.

The boom/bust of that will determine which way we break out of it.
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They're either going to achieve the singularity in 10-15 years (lmfao) or it's going to blow up like an atomic bomb an inch from their face. Doozy of a recession is quite likely. We are probably looking at irreparable damage and things you can never get back.

Id guestimate they stand to lose 30-40 trillion on their bet which is somewhere in the ballpark of the US GDP at a guess. Now factor in all the time lost training engineers and actual talent. There's such a thing as luke warmies with lots of money and Lord were they salivating at no longer having to rely on their less wealthy intellectual superiors.

I've met some of these types on the cruise ships and resort hot tubs. Boy howdy are they full of themselves, and now coping that AI development has "shifted". It will probably be the last vain, greedy and foolish act of the boomers. The upside is at least they'll be gone and real MAGA + generation Zyclon will have a chance at building something meaningful. Maybe. AI is far from useless but I don't see anything close to the return on investment they're hoping for.

PS: I told one of them a little less than a year ago my advice is to short the fuck out of Bitcoin asap and he told me for a younger guy I sure live in the past. Like he's some economist that came back in time from the future.
 
Kalaar kururuc

Kalaar kururuc

Grumpy old man
603
596
Quick followup, I went with unmanaged as after reading your comments, and some other reputable sources, I just didn't see the point of managed. The initial lump went into developed world excluding uk, and I'll just keep topping that up. That fund has historically been not quite as good as USA only, but its more diverse so perhaps less 'risky'. It has been much better than global-all due to developing world volatility, and slightly better than developed including uk. Plus the UK already has my cash savings, so I'm spreading the love.

I'm now shopping for yachts, and debating changing my name to Bobby.
 
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T

Tirant

Lord Nagafen Raider
265
142
Nirgon said:
They're either going to achieve the singularity in 10-15 years (lmfao) or it's going to blow up like an atomic bomb an inch from their face. Doozy of a recession is quite likely. We are probably looking at irreparable damage and things you can never get back.

Id guestimate they stand to lose 30-40 trillion on their bet which is somewhere in the ballpark of the US GDP at a guess. Now factor in all the time lost training engineers and actual talent. There's such a thing as luke warmies with lots of money and Lord were they salivating at no longer having to rely on their less wealthy intellectual superiors.

I've met some of these types on the cruise ships and resort hot tubs. Boy howdy are they full of themselves, and now coping that AI development has "shifted". It will probably be the last vain, greedy and foolish act of the boomers. The upside is at least they'll be gone and real MAGA + generation Zyclon will have a chance at building something meaningful. Maybe. AI is far from useless but I don't see anything close to the return on investment they're hoping for.

PS: I told one of them a little less than a year ago my advice is to short the fuck out of Bitcoin asap and he told me for a younger guy I sure live in the past. Like he's some economist that came back in time from the future.
Click to expand...

Haha I get told the same all the time. Talking about stocks/financial stuff everyone my age looks at me like I'm crazy when I say I like gold.
 
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