Pantoffel

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Pantoffel ,

Fight misinformation with information. There are independent shows, podcasts, news that you can share with your friends and family.

Your ‘Set It and Forget It’ 401(k) Made You Rich. No More. — WSJ ( apple.news )

For four decades, patient savers able to grit their teeth through bubbles, crashes and geopolitical upheaval won the money game. But the formula of building a nest egg by rebalancing a standard mix of stocks and bonds isn’t going to work nearly as well as it has.

Pantoffel ,

Yes, I was wondering about the same thing. However, I haven’t been active in relevant communities since a few months after the covid crash. So, I don’t know “what’s up” with the market.

But I think ETFs are still valid. Due to the once-in-a-lifetime events of the past years, I think it’s just many companies having difficulties and a similar amount of other companies doing great. Hence the sideways trend. Or its just the rich controlling the trading being more conservative and buying out everytime they can.

Pantoffel ,

I don’t understand the math behind the UPS raises. I can’t believe it is as much as my math tells me.

$30 bln / 340.000 workers ≈ $88.000 per worker per year.

Am I missing something or is this actually correct?

Pantoffel ,

Thanks

Pantoffel OP ,

Sorry, what’s sterno? Non-native English speaker here.

Pantoffel OP ,

Ah, thank for the explanation. No, we are using small candles.

Pantoffel OP ,

Thanks, I should probably try that once the slippers fall off.

Pantoffel OP ,

Exactly. This one is out of brass and in traditional style of Ostfriesland, a region in northern Germany and the Netherlands.

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