Sometimes companies new to the stock market will have a ‘float’ – there will be an initial public offering of shares. This might be when a private company goes public in order to raise money for expansion. It might also happen when a formerly government-owned company is listed on the stock market. Readers might remember when Facebook first went public and floated on the stock market in 2012.
These tend to be risky investments as the value of the as-yet untraded shares is still uncertain. When we get to the part on how to invest in shares, I will not recommend specifically buying newly-floated shares.
I thought that readers might play these songs as they read the Dark Side but this one has such a touching narrative, you might want to pay attention to the whole thing first. Classic Americana.
Woke is tangled. There was an incident in Melbourne where four police officers on the side of a freeway were accidentally killed by a doped-up Indian truck driver. The man they’d pulled over, also off his tits, then took video and taunted the dying cops. Being a white guy, he became the main story.
Jargon: Shares can also be called ‘stocks’ or ‘equities’. Together with bonds, they can be called ‘securities’ because they can be sold on to third parties. Purchasing shares means to own a part-share of a company, as opposed to lending a company money as with bonds. If you bought 100% of all Toyota shares, you would own Toyota. I expect that my readers will only own tiny little slivers of many different companies.
I got curious about what specific research led medical authorities to change their tune and suddenly start recommending the use of facemasks for everyone. Did some 2019 studies get published just at the right time; studies that proved their efficacy?
I knew a little about facemasks prior to the apocalypse because I wondered about them while living in Japan and looked them up. At that time I found that research was minimal.
Masks in Asia are more of a politeness thing. You wear one on the train if you have the sniffles.
Well, well, well. Look at this July 2020 article that CNN hasn’t got around to memory-holing yet:
The world’s bizarre reaction to the pandemic has reinforced this notion.
Life is a bit depressing at the moment. If you’re still chipper, you haven’t been paying attention. Hint: this shit is never going to end.
Softening the blow for me is that I’m middle-aged and have already tasted the fruits of freedom when I was young enough to fully enjoy them. I lived overseas, travelled to many countries and was able to drop home once or twice a year to visit family.
That sort of life will not be possible from now on. I know some of you think it will. I need make no argument except: wait and see. Travel from now on will be expensive and highly restricted. Mostly for the rich.
Go to the Anti-Defamation League’s (ADL) website sometime if you’d like a glimpse of what an unvarnished conversation about a country’s national interest might look like. In a short essay posted to the site, the ADL explains why the state of Israel should not allow more Arabs to become citizens with voting rights . . .
Let’s learn what the 90s were like via this music clip:
I know you’ve got questions so let’s go through it bit by bit.
The sound: that’s called a melody, used to be quite common in pop songs. Zing!
The clothes: it was cool in the late 90s to dress like an old man or wear something with a stripe down the side.
The location: this was a shopping centre or ‘mall’, where we bought things before we could order stuff online. It was also a popular hangout for young people. I know they still exist and what’s different now but let’s not say it out loud. It was always an artificial, consumerist space but seems weirdly organic and wholesome these days given that people actually left the house and saw each other.
Growth assets, as the name suggests, are the ones that will actually grow your wealth over time according to the magic of compounding returns, which we’ll explain in detail soon.
This is the sharp end of investing. In order to reach Financial Freedom Levels 3 (could work part time) or 4 (could cease working altogether), even if just for retirement in old age without depending on a precarious government pension, you will need to hold plenty of growth assets over a long period of time.
This chapter will explain how shares work and how best to invest in them. We will also examine alternative growth assets such as real estate, peer-to-peer lending, laundromats and royalties.
Via @SelimSeesYou, here’s a map of BLM protests around the world:
[Edit: the image disappeared because Selim’s account was banned for being truthful. I have replaced it with a map of #BlackLivesMatter tweets just after Darren Wilson was let off, which is about the same. There are more dots in south-eastern Australia, where people actually live, hidden by the key]
A loose proxy for who has really bought in on USG ideology & who has not.
Some of these dots are complicated. In Nigeria, the protests were about local police killings unrelated to race. In Japan, the protests reflected local African and other minority complaints of poor treatment by police, accompanied by some Westerners and the native left wing.
The truth may be that the coronavirus did not blink into existence in Wuhan one year ago. Rather, it had been incubating in the psyche of modern societies for years. The ease with which populations not only acquiesced to governmental restrictions but also wilfully demanded more of them is proof that we had already accepted the premise of the coronavirus lockdowns into our hearts long ago. It is worth noting that almost all the trends and changes that the coronavirus has seemingly unleashed are simply an acceleration of what was preexisting: Atomization, a retreat from the physical world into the digital, a neurotic collective hysteria in the face of death without a spiritual framework, the expectation that the government will provide, a pseudo-religious belief in experts and scientific redemption, and the hyper-politicization of communal activity.
The fact is the physical world has lost its grip over the modern imagination. Going out to earn a living is an almost archaic activity when we are inching towards states so all-encompassing that they will provide a universal basic income driven by fiat money printing. The rise of Bitcoin is a reaction to the feeling that our economies are a giant fiction, running up debts that are never intended to be repaid, presided over by a handful of oligarchs with more wealth than we could ever even imagine. Under these conditions, heading outside and into the office seems terribly outmoded. Likewise, in the digital age, sex has been relegated to a solo activity as pornography supplants procreation for the OnlyFans generation. In the West, there are fewer and fewer communal anchors as pubs and churches close. All of this contributes to the feeling that there is nothing out there in the world of any value, and so the loss of the freedom to go outside and to associate for many has been more an inconvenience than a matter of life and death.
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.[i]
I couldn’t be any clearer than Investopedia. Remember to refer to that site whenever you get confused. See how good it is?
There are many different cryptocurrencies on the market and many more will arrive in the future. The biggest, of course, is bitcoin. The second largest is Ethereum. Each is based on a different algorithm and works in a different way.