BitconnectCarlos

Actually according to Gallup 55% of Americans hold stock. But yes, stock gains tend to go towards those who have the most invested. Similarly, stock d...

You know that you can also do this? I do this and I wouldn't really consider myself either unless I'm my own "portfolio manager." This is questionable...

You would need to be able to call the bottom, which is easier said than done. There's nothing quite like "buying the bottom" only to have things drop ...

To save it in case some possible disaster scenario or to pass on children so they can start off life in a better place.

I wouldn't consider personal finance trivial. When I hear trivial I think obvious and easy. I think it requires discipline and rejecting materialism. ...

We could spend a billion years on each one of these topics. The one that stuck out at me the most drug policies which I do have sympathy for. I've alw...

If someone loses in chess its because they've made a mistake, no question about it. This doesn't disprove game theory; two game theory optimal actors ...

I'm not asking about the nationwide prevalence as compared to 30 years ago. I was asking if it happens is it a problem for that particular family? Sim...

I can tell none of this matters to you and it's entirely theoretical. Try coming back to the issue when an issue like this actually matters in reality...

Do you have a child? Would you like them getting pregnant at 17? Clearly since this is a non-issue you should be fine with it.

A significant chunk of those without a high school education are immigrants who moved here. We're not just counting high school drop outs in that figu...

The cost might not be your primary concern, but for a single parent or two parents working low wage, dead end jobs paying for daycare and all those li...

I think this is questionable. I'm not saying you're necessarily wrong, but kids will often help support you in old age and can certainly help build fa...

There's no reason to get mad. You've spent a lot of time and energy talking about the brookings institute when my main point all along is just that pe...

Sure, then go have 3 kids when you're a single mom working as a part time barista. Those are tomorrow's problems anyways. I'm obviously not saying you...

The reason why I do this is because microeconomic and personal decisions (say, regarding addiction for instance) affect everyone. They do so in often ...

The study was done by brookings institute... it's a left wing think tank. And not having children would save you a ton of money obviously, but that's ...

It should be clear that having children - especially many of them - before one is financially stable should be avoided if your priority is to avoid po...

Personal decisions are huge. I shouldn't have to explain this. If you have children that's a huge burden especially as an unmarried, single parent. In...

We have like 74 million people on medicare. Another maybe 6-7 million who are eligible but don't sign up. We also have another 20 million veterans who...

According to Wittgenstein the philosophical problems disappear when the confusions are dispelled. I'm not sure if you are bilingual or not, but if you...

Who was he talking to when he said that? Whenever someone mentions whipping in conjunction with a winking face my mind can't help but go there.

When you say "rigged" I think casino games. I don't believe that there is a council of evil billionaires at the top who spend their time trying to kee...

Not necessarily, but this is the case for some people.

This discussion isn't about welfare queens. I never mentioned that term or said that poor people are abusing the welfare system. I'm solely concerned ...

It's not just about hard work. You're putting up an easy, naive target here that no one really believes. I'm being 100% honest I would not want the jo...

Escaping poverty is very rare? I don't think so. "Recent research has uncovered striking racial differences in the likelihood of upward mobility (Corc...

I would never want to be a general, have you ever seen one come to a military base? They have zero privacy. They need a caravan of security and other ...

Okay, I'll have to tell some of my co-workers that their move out of poverty and section 8 housing and food stamps into the actual middle class is all...

There is no gradual long term gain most of the time with riskier assets. This is especially the case the riskier you go - look at how many small cap a...

That's a good way to look at it. I agree, joining the armed forces shouldn't be the go-to solution. My generation was often told growing up to get an ...

I wouldn't expect me simply saying "hey, stop drunk driving!" to solve the problem, but it still is one's responsibility not to do that. Personal fina...

Lucky for you, flat feet are no longer disqualifying. Even if a condition is disqualifying you can get a waiver (as I did.) The military is only one o...

It's not all merit based and it's not all based on hard work. But you know what? Hard work couldn't hurt. Absolutely. Then why do I - someone who is e...

I've mentioned this before: There is no minimum cost to enter stocks or cryptocurrency. You could throw $5 into an extremely high risk one. Investing ...

Where is this low risk high return for $10k?

You asked why the taxpayer would want more money in their pocket. I gave my answer: Freedom.

If someone has $100 in the S&P and someone else has $1,000,000 in the S&P who do you think suffered more pain this week? Who do you think had the bigg...

I'm not saying you have complete financial independence at that level, but you have a really nice cushion and more freedom than people who are living ...

you can associate greater wealth with greater numerical gains just like you can associate greater wealth with greater numerical loss. it's two sides o...

Yes, I've been employed by them for over 5 years now. I work alongside plenty of Americans who come from pretty considerable poverty. You'll never see...

Thank you, now you're speaking my language. I agree! This bet is insanely good. In fact, you could be losing 99% of the time and winning 1% but its st...

Poverty is expensive; I get that. I get that there are added costs there. You'll never find me defending modern banking practices which charge overdra...

Not at all. It would be like if drunk driving rates were to skyrocket in this country and you saw me getting into my car drunk; could I just tell you:...

Do poor people have access to the internet? Can they watch Dave Ramsey? Is there a library near them? I don't know, but given economics is invariably ...

Prediction isn't fate, and you're ultimately responsible for yourself. I hate to say this, but if all else fails just join the military (preferably Ai...

I have little sympathy for people who can see a problem coming, oh, 40-50 years in the future and not do anything about it. If you don't take care of ...

Have they been paying into social security (I hope so). Have they been paying into a 401k? How about a roth ira? I don't have statistics on this at th...

I'm entirely aware. I'm just a single guy with no kids in a medium cost of living area. I'm entirely familiar with my monthly expenses. Obviously if y...

You don't need to be a billionaire. Think much, much smaller. You don't even need a million to start feeling the effects.