Trading stocks makes me feel dirty (hexbear.net)

submitted 9 months ago by jackmarxist@hexbear.net to c/chapotraphouse@hexbear.net

81 comments fedilink hide all child comments

I hate the whole publicly traded model of companies. I hate capitalism. But have to engage in trading stocks (I mostly do Mutual Funds and a small quantity of direct stocks) so that my money doesn't lose value by sitting in a bank or cash.

Same thing with credit cards, don't like taking loans and getting marked on a centralised list for that but it's a safer option than using your own money.

Fortunately I don't do crypto so that's a plus.

you are viewing a single comment's thread
view the rest of the comments

[-] TheLepidopterists@hexbear.net 4 points 9 months ago

This is so fucking tiresome.

Unions exist to support their members' interests. To that effect they want the pension funds' money invested efficiently and safely. They're not buying bonds for moral reasons (again they're not, it's a direct investment in the US Empire) but for security reasons. They're not buying specific stocks because they're more moral, but because they look like promising investments.

It's not morally better than a 401k, it's just more efficient and removes the individual worker from having to deal with the investments personally.

They're being gutted because it's cheaper for the companies who are extracting every dime they can from their workers.

So I guess revised list of options

Pension - only if you're a dirty rent-seeking landlord
401k invested identically to a pension - only if you're a dirty rent-seeking landlord
social security - not viable
die at your post - leftofthat approved
shovel more money directly into the empire's coffers - leftofthat approved

[-] leftofthat@hexbear.net 2 points 9 months ago

Damn those are some bleak options, yeah. Almost like the US is a capitalist hellscape or something.

"Join us or perish" is what they seem to be signaling, yeah.

Apparently you see that as only having two choices and are going with "join them," which is fine I'm not your morality coach. I'm certainly not asking you to sit down and die.

You can rationalize it all you want. That you have no choice but to participate. I hear it all the time from people telling me to vote for Biden.