
I’ve got a few things rattling around in my brain, none enough for a whole post, so let’s just toss all three of them together. Why not, right?
FIRST: That game up there? Was crafted deep in the bowels of Hell, on the lower foothills of Mount Sonofabitch. I just beat the game’s third major boss tonight, after, no shit, probably five or six hours of attempts and farming over the last few days. The recommended level for his area? Seventeen. My level when I finally took him down about half an hour ago? Forty-five. And the next area promptly beat the shit out of me again.
SECOND: You may have heard the godawful fucking story about the people Trump effectively sold as slaves to El Salvador, including a number of them who were accused of no crime at all other than being brown. Now, before I ask this, I want to be crystal fucking clear that this is horrible and the people responsible should rot in Hell. Okay? We’ve got that? Everybody understand? Good. Because while I’m having some trouble untangling the court cases, what with not being a lawyer and all, it looks like a judge ordered the government to produce one of the men involved by midnight tonight? And there may or may not be a temporary stay on that order, or maybe SCOTUS just overturned it, I dunno, it looks like things changed while I was playing video games. But here’s my question: Does the court, any court, have the ability to order other entities to do literally impossible things? Because part of the whole point of selling these men to El Salvador was to put them beyond the reach of US courts. Short of invasion, which Trump obviously isn’t going to do, we don’t really have a way to compel El Salvador to return any of these people, and certainly not to do so in the next three hours and eighteen minutes. The judge has no jurisdiction. Again, yes, I recognize that there’s something horrible about taking the situation these human beings are in and reducing it to a legal hypothetical, which is part of why I’m doing it on my blog and not, say, BlueSky– but does anyone actually have any authority to compel this to happen right now? The courts can order the government to do shit all they want. What happens if they just … can’t?
THIRD: I don’t remember the goddamn third thing. Fuck. I’ve had this post in the back of my head all day and now that it’s time to write it Thing Three is gone.
…
Right, shit, the economy went to hell today too. So I, personally, with very modest investments in, until yesterday, the low (very low) five figures, have lost about a thousand bucks in the last few days. I do not expect things to get better anytime soon, for obvious reasons. I have been contributing a couple hundred a month to an account managed through MetLife that I deliberately rarely look at, and $100 a week to an Acorns account that I monitor perhaps more carefully than I ought to. Yesterday I reset a bunch of stuff on Acorns so that now that $100 a week goes directly to my savings account and is not invested in anything. My understanding of how this works is even if the value of individual shares of a given stock are falling, buying more of them means a faster theoretical recovery later on, since I’ll own more stock, assuming that the companies I’m investing in don’t go under, in which case that money is just gone. But if I think it might be years before the market recovers– and I do– isn’t there more value in socking that money away into a savings account, where it’s not going to just vanish? Or at least is much less likely? The interest rate is going to be a lot lower but at least it’ll be positive.
Help me out if you know anything about investments. I’m sure there are better ideas than the binary I’ve set up here, but if you’re going to give advice at least tell me which of those two is a better idea right now before telling me about your third thing, okay? Thanks.
Discover more from Welcome to infinitefreetime dot com
Subscribe to get the latest posts sent to your email.
IANAL and I have not been paying too close attention to that particular horror, but the judge may have been making a point. As in, you did this illegal thing, and here’s your chance to either prove you didn’t (i.e. did the DOJ argue that the man was not in fact sent to El Salvador?) or remedy the situation. If you cannot (despite the physical impossibility) andor have no substantive, verifiable argument as to why you shouldn’t, then I have grounds to cook your goose on the original illegal thing. Is this man one of those who was on a plane a judge ordered to turn around and that order was not followed?
On the money question, I frankly rolled my eyes at all of the superlatives about tanking and cratering and massive selloffs and “wealth” disappearing. Sensationalism and self-fulfilling prophecy is the name of that game. The dow is 200 points higher than it was a year ago and 14,000 points higher than it was 5 years ago (which, granted, was prime pandemic panic time). I can’t understand why people who supposedly know way more about finance and money and the stock market and the economy make hugely impactful decisions at the first hint of trouble. The ANNOUNCEMENT of tariffs caused a selloff. The GOSSIP that tariffs might be paused started a recovery. Yeesh.
Anyway, I have a guy who regularly has to talk me out of not keeping my money under the mattress because I worry about trying to retire in a 2008 type economy. It comes down to how and where the money is invested. Volatile stocks on the open market — not such a good plan. A combination of hedged equity funds, bonds, and a money market account — much safer. Or different stocks with a better recovery prediction. If whatever you are doing isn’t at least keeping up with inflation, then you are effectively losing money. Maybe not as much money, but still losing money. This stranger on the internet’s advice is: “find a guy.” My guy makes money when I make money, and it doesn’t come out of my money.
LikeLiked by 1 person
P.S. The stock market is not the economy. The economy is a big, lumbering, forest giant. The stock market is a twitchy squirrel.
LikeLiked by 1 person
Absolutely a valid point, and I kind of love the analogy.
LikeLike
Thanks! It’s pretty much a whole scene in my head: ear-tufted squirrel sitting atop the giant chittering and throwing acrons.
LikeLiked by 1 person
My Guy is the people who handle my “official” retirement account, if that makes any sense, and I also have my teacher retirement fund. So I’ve got a handful of pots of money out there. This is the one I’m paying attention to, though. I probably ought to just redirect all of that money to the hands-off account and let them deal with it.
LikeLike