You made a moralistic and judgemental statement that you now realise applies to yourself. Live with it, don't try to avoid the implications of your own words.
No I didn't. Stop judging me by your own standards. It wouldn't surprise me if you judged everyone you disagreed with the way you go on.
Anyone earning returns from dividends of shares is indeed earning off other people's work and if there was an alternative for retirement I'd be in favour of that but that doesn't seem possible at this point in time. There's a world of difference between accepting that there is no ethical investment under capitalism and revelling in the worst excesses of it.
So we should all be fucking victims of the greedy and put our faith in som glorious leader who'll reward us with a bullet in the head just so he can stay one step ahead against any potentional rivals? I promised I wouldn't judge you, so I'll have to be polite and tell you stick that one up your arse until it puts a smile on your face. If you want to be a victim, you fucking crack on.
Capitalism is what keeps poor people poor. Rich people can afford to make risky investments.
If you have something with a 1/100 chance to succeed paying off at 1000:1 that's a good bet to make. If you are poor and can only make one of these bets, you'll probably lose. But if you are rich and can make 100, chances are that one will pay off leaving you with 10X profits.
Corruption, greed and general misdirection and misinformation from people like you keeps people poor.
A regulatory system that favours the rich rather than normal investors keeps people poor and when that's pointed out, people like you swoop in and say it's all about capitalism.
Do you really think that under socialism and communism we'd even have computers, mobile phones etc?
It's capitalism that got women out of the kitchen and in control of their lives. In comparision, communism has killed more people than just about anything else.
Crypto is hyper capitalist and will only serve to accentuate this dynamic. A lot more people will have lost money than become rich from crypto and the distribution of bitcoin is insanely uneven, far worse than even the USA, with wealth massively concentrated in a few hands.
It's not hyper capitalist and it's quite early in the market to be honest. How many rich people are involved etc doesn't actually mean anything compared to the fundamentals. From where I'm sat, it's even more important that normal working class people get involved if there is a long way to go before full adoption.
Besides, you're just shitting your pants that it will liberate working class people to the point that communism will be taken off the menu for good. And if it is, that's great. Not a bullet fired and millions of lives saved.
When investing you should consider your reason for investing and what that means for the amount of risk you want to take and how long you are investing for. If your investment is required to pay for things like food and rent then high risk investments should absolutely be off the table, because of you lose them you are fucked.
You said there is no such thing as ethical investing? Make your fucking mind up.
You're mixing good investment advice with overly-cautous investment advice.
You've also ignored many comments I've made on that subject.
If you scroll back and actually fucking start reading my comments, I've already said that people shouldn't invest in something they don't understand, ergo, fucking research the stuff first.
When it comes to day to day investments, that aren't an ISA or pensions, then yes, people should be paying of debts and putting food on the table and ONLY investing / speculating with money they can afford to lose.
Of course there should be risk management in any investment portfolio, but if you can't afford to pay your bills or you're in debt, you shouldn't be investing anything no matter what the risk is.
I'm not interested in 18 months, I'm interested in 20 years. Personally i think crypto will fall further in the next 18 months than broad stock indexes will and I have no idea if they will survive or recover from what is coming. I'm absolutely certain that eg the ftse 100 will still be around, that many companies will still pay dividends during this time and that share values will recover over the next two decades. Really though the return doesn't come on share prices but on dividend payments and reinvestments so share prices dropping over the next 18 months isn't of much importance, and their recovery is less important that the continued payment of dividends.
Bitcoin and Ethereum will be around in 20 years. Will the FTSE 100 still be around? I don't know but that won't matter because most of the companies on it today will have their shares tokenised and on a blockchain.
You just cannot get it into your skull that blockchain technlogy makes everything much easier and that includes being able to raise cash with those tokenised assets as collateral. Whether someone should do that is their own business. I might even say they shouldn't but they should have the right to do so, if that's what they want to do.
For someone who is against capitalism, you sure do talk about stocks and shares in a neutral way.
Let me leave you with a little story before I fuck off to bed.
Remember that black tory headmistress, you know Katherine Birbalsingh.
Now you can agree of disagree about her being a tory, or whether her methods are effective, but the parents certaintly think her and her school is effective and the kids do well.
So of course she started to get loads of stick ... and she noticed a pattern.
She noticed that in all of these meetings full of people making speeches about how her school is dangerous should be shut down etc, she didn't notice anyone black.
They was all quite frightfully hidiously middle class and white.
And then it dawned on her. Those fuckers were sending their kids to private schools and didn't want the state funding an effective school that would see well educated kids from the working class ghetto competing against white middle class kids for those well paying jobs.
Liberal middle class scum are always full of kind life advice, but they never do as they tell you to do and their dishonesty knows no bounds.
If it's one thing a certain breed of person doesn't want working class people doing, is investing as those fuckers would be competing for those nice houses near the nice schools.
I suppose those middle class liberals would call it "social stability", to go with "financial stability"
Fucking vermin.
And please, spare me your thoughts about how you want everyone to have a state education. I've heard it all before.