• 19 Posts
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Joined 1 year ago
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Cake day: June 9th, 2023

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  • Buying enough lottery tickets to guarantee a payout just ensures you lose money as the house always takes a cut. Investing, unlike the lottery, has the benefit of not being a zero sum game. There is wealth generated and buying something like an index fund and holding for years puts you in the group making a profit along with everyone else.

    Example: If you bought VTI (an index fund) just before the 2008 crash (and subsequently lost a bunch of value during the crash), you would still be up 257% today. And that isn’t some outladish example; do the same with the S&P 500 and you are up 279% today. Purchasing for the long term and with a wide array of stocks is investing.

    Edit: And in both of those examples you would be earning dividends the entire time as well, which is not part of the quoted %.








  • Are they going to drop the constant data collection, or is that data collection also considered ‘secure’?

    Microsoft admitted that it could have taken steps to prevent two aggressive nation-state cyberattacks from China and Russia

    Microsoft spent years ignoring a vulnerability while he proposed fixes to the “security nightmare.” Instead, Microsoft feared it might lose its government contract by warning about the bug and allegedly downplayed the problem, choosing profits over security

    Jesus fucking Christ Microsoft.

    Edit: OP, the article currently links to page 2, which is a bit odd to read first. Here is page 1.