Friday Finance: beware of these shares!

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This is an extract from The Poor Man’s Guide to Financial Freedom: A Realistic, 10-Step Manual for Building Liberating Wealth on a Low to Medium Income.

Shares – Related Matters

Stock Market Float

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.

Private Equity

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Clownish villains

The Joker is a perfect meme baddie for our age.

Our overlords are not terrifying, grim dictators.

They do not have the firm posture of Putin or the cold gaze of Xi.

They lack the formidable mustaches, dapper uniforms and nasty camps of twentieth-century villains.

Our fascist-lite leaders are nothing but clowns.

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Word from the Dark Side – going to Graceland, gay bar cancelled, Greta and the Unabomber, 35 girlfriends defrauded and Goolag strikes again

Graceland by Paul Simon:

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.

One of the cops was a regular at a prominent gay bar. This being the current year, it was no secret and the bar put on blue lights to remember him. Then the Woker-than-thou complained this was inappropriate because of Aboriginal deaths in police custody.

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Friday Finance: what even are shares?

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This is an extract from The Poor Man’s Guide to Financial Freedom: A Realistic, 10-Step Manual for Building Liberating Wealth on a Low to Medium Income.

Executive summary

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.

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A mask blast from the past

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:

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Pity the young

Earlier I wrote about how I don’t mind aging.

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.

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Literally Marx

Book review of The Communist Manifesto by Karl Marx and Friedrich Engels.

I knew Karl Marx was an unwashed, financially irresponsible, bourgeois twit who knocked up his unpaid servant and refused to acknowledge his son.

But what was communism all about?

My usual policy is to read the Big Books. However, I satisfied myself with summaries of Das Kapital rather than tackle the whole thing. Life is short and it didn’t seem worth my time.

Instead I had a look at the much shorter Communist Manifesto:

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I bet you forgot about this

Here’s a blast from the past. Please watch the whole 1.5 minute video, sped up if you like.

You probably think you remember all of this but there are parts that will have slipped your mind:

We now know that this was all fake.

Middle aged people do not randomly collapse in the street from Covid. These videos were intentionally produced to drive you into a panic and make you support policies that you would normally oppose.

You. The person reading this.

Unless you have an alternate theory, which I’d love to hear.

Amid all the insanity of 2020, it’s easy to forget important details. Don’t forget this.

It was perhaps the most effective psy-op ever concocted and we fell for it something shocking.


A post-apocalyptic love story, reviewed here:

Read my review here.

Word from the Dark Side – nineties nostalgia, naming names, never-ending restrictions and a very naughty ambassador

On the Outside by Sheryl Crow:

I find 90s music terribly depressing these days because of what has happened since.

Wow:

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 . . .

The New York Times is exposing corporate Enemies of the People of Colour who failed to sign the statement against Georgia’s new voting rules.

The US is not pulling out of Afghanistan – the conflict is being privatized and troops will still be there secretly under the CIA et al.

On the tempests of misery:

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Nineties explained to Zoomers

Hi Zoomers,

How are you? I am fine.

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.

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Friday Finance: you like it risky?

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This is an extract from The Poor Man’s Guide to Financial Freedom: A Realistic, 10-Step Manual for Building Liberating Wealth on a Low to Medium Income.

Growth Assets

Overview

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.

Your Risk Profile

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The last game

A funny thing happened when I was twelve. I forgot about it for many, many years but recent events suddenly brought it back to me.

I used to play Australian Rules Football for my primary school. Nothing serious, just skills training and some friendly Saturday matches against neighbouring schools.

I was not good at footy. I was scrawny, clumsy and a bit of a sook. I often got hurt. I sometimes kicked the ball in the wrong direction.

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Word from the Dark Side – Mexican marvel, married women’s secret desire, marred martyr and many, many pairs of stolen undies

Americans are too skinny.

Most American women want to stay home with the kids and many resent their hubbies for lacking the means to make it happen.

Ben Franklin’s son was on the side of the King and spent the war in a Connecticut jail.

The US admits that the F-35 died in the arse:

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Friday Finance: bonds (updated)

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This is an extract from The Poor Man’s Guide to Financial Freedom: A Realistic, 10-Step Manual for Building Liberating Wealth on a Low to Medium Income.

Defensive Assets 2 – Bonds

Executive summary

Jargon: bonds can also be called ‘fixed income’.  Investment-grade bonds are the normal ones.  Junk or high-yield bonds are the risky ones you should avoid.

Risk: low to medium for normal, investment-grade bonds.  It is possible for the value to decline, but it does not usually do so by very much compared to shares.

Return: low to medium, generally averaging around 3-5% in the long run.

The details

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Where NOT to expatriate

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]

Selim says:

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.

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Word from the Dark Side – black beauties and bullies, bitcoin blues, bizarre death and brazen cat burglar pinches Pokemon cards

This is a very good article about how corona hysteria took over the world:

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.

From Audacious Epigone, Black is Beautiful (just ask them):

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Friday Finance: cryptocurrencies

https://media.coindesk.com/uploads/2016/10/bitcoin-cryptocurrency-e1477152827283.jpg

This is an extract from The Poor Man’s Guide to Financial Freedom: A Realistic, 10-Step Manual for Building Liberating Wealth on a Low to Medium Income.

Cryptocurrencies

Executive summary

Jargon:

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.

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