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Joined 1 year ago
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Cake day: December 20th, 2023

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  • BigBenis@lemmy.worldtoRisa@startrek.websitetopical
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    2 months ago

    Frankly, this take is profoundly arrogant and indicative of why the Democrats lost to Trump (again, arguably again-again).

    This implies that the Democrats could not have possibly done any better, or at least submits to the idea that there is nothing meaningful to be learned from this failure. It projects onto the general electorate a deterministic outlook, that they were always going to vote for Trump no matter what as a way to shield the Democrats and ourselves from accountability.

    This is a difficult time time for all of us. We are looking down the barrel of another Trump presidency, one that promises to be a significant tragedy in the history of our nation. It hurts to know what’s coming and people are resigning themselves to complacency in order to ease the pain.

    But if we want to stand a chance the next time around, we need to understand that the Democrats played a role in their own demise. We need to demand better, not make excuses for them and perpetuate the mediocrity that has been the Democratic platform over the last decade. We can’t just hope for another deadly crisis to get us out of this one.


  • BigBenis@lemmy.worldtoMemes@lemmy.mlPerfect clarity
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    2 months ago

    I loathe this runaway capitalist system we live in just as much as the next but this violent rhetoric is getting a bit too spicy. Let’s tax the owning class into oblivion. Take away their undeserved wealth and make them work for a living like the rest of us. Riot and rebel if our lives depend on it. But these calls for the outright slaughter of other human beings are going too far.


  • An index that either tracks the top 500 companies or the total market. Look up a 3-fund portfolio if you want to go a little deeper.

    Alternatively, max out an IRA if you haven’t already this year and are in a position where you won’t need that money until retirement.

    Edit: I realized I’m assuming a lot about your situation. So instead, here’s a general list of priorities that applies to more or less any situation. You should only proceed with a step if all the steps above it are achieved. Also keep in mind, I’m not a financial advisor just a random stranger on the internet sharing my personal financial strategy.

    1. Pay your future-self first. Establish regular contributions to your retirement account and HSA if you have one, totalling between 3-5% of your compensation or whatever your company’s matching policy is (That’s not free money, it’s part of your compensation package. Not claiming it is like waving a portion of your income).

    2. Pay off all debt since interest is essentially paying a percentage-based monthly fee for owing money and we’re not privileged enough for our assets to cover that expense.

    3. Build and maintain a liquid (cash) holding as an emergency fund. This isn’t for investing or expensive new toys, it’s insurance that will cover your expenses for 6-12 months. Put it in a high-yield savings account or money market since it will be a significant sum and inflation will otherwise reduce its value over time.

    4. Max out your retirement accounts to the contribution limit, your 401(k), IRA, and HSA if you have one. These accounts have tax advantages that essentially mean you can put more money towards retirement than you could in an individual trading account. This doesn’t have to be one lump sum, you can divide it up into monthly contributions so long as you’re on track for maxing your contribution limits by the end of the year.

    5. Open an individual trading account with a broker (Vanguard, Fidelity, etc.) and invest in index funds (3-fund portfolios are reliable and low-cost). If you anticipate a significant expense over the next 10 years, i.e. a down payment for a house you can budget between this and the funds going towards Step 4 but keep in mind the tax advantages of retirement accounts means you’re likely missing out on some retirement gains.










  • My dad does the opposite of mansplaining, he explains things using terminology and concepts that are way above my level of understanding and gets frustrated when I ask too many clarifying questions or when I struggle to catch on.

    It fucked with me pretty bad growing up and in an effort not to put other people through that I tend to assume people know little about esoteric subjects I’m talking about and try to explain things in a way the general layperson would understand. If they let on that they seem familiar with the subject then I adjust but I do often worry I’m coming off as being condescending :⁠-⁠\