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useless

Member since Oct 2010 • Last active Feb 2021
  • 1 conversations
  • 293 comments

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  • in Miscellaneous and Meaningless
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    The hard locate idea isn't obviously unreasonable for medium-frequency trading, but it's not really workable for market-makers - assuming regulators and exchanges continue to require them to make two-sided markets.

    None of these proposals seem to address short derivatives positions either, so I don't know what you'd expect to happen - presumably underlying and derivative prices just diverge because you can't arbitrage them any more. That will increase slippage on things like tracker funds, but I guess most voters won't notice until they wonder why their SIPPs performed slightly worse than expected, some decades later.

  • in Miscellaneous and Meaningless
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    I didn't get anything similar from them, and there's no notice on their site.
    Are you sure it's not a scam? Did you follow any links in the mail?

    Edit - they do say that security keys are preferred over authenticator apps. But there's no notice, I didn't receive a mail, and there's no obvious reason they should know which authenticator you're using anyway.

  • in Miscellaneous and Meaningless
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    I do miss being able to run df without having to grep out all the snaps.

    I understand the attraction of packaging apps up like the Mac .dmg style, though.

  • in Miscellaneous and Meaningless
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    Given the thread I'd expect to see the Niwaki Billhook, although a Swiss Hook is a third the price and absolutely fine.
    Probably not knife porn, though.

  • in Miscellaneous and Meaningless
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    Here you go: the Wikipedia page on Index funds has some links to the underlying research. The first one was started by John Bogle and turned into Vanguard.

    You can always find at least one active fund that's recently done better than a given index - the problems are

    • that your odds of identifying which one is likely to do better in the future are not great,
    • that it's hard to tell when your outperforming fund has started underperforming before it wipes out most of the gains,
    • that even if you can figure all that out, you still have to actively manage trading in and out of these active funds at the right time

    so it comes back to stock picking and market timing, which are known to be difficult problems.

  • in Miscellaneous and Meaningless
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    LifeStrategy is the sort of thing you'd normally hold in a SIPP, where you'd expect it to start at 80 or 100% and gradually trade down to safer/more cautious stuff and eventually cash as retirement approaches.
    Actually, I see they have Target Retirement 20xx funds specifically for that.

    If I didn't already have something like that in a SIPP, I'd probably go for either one of those first.

    For long-term growth since I already have the pension in place, I'd pick the lowest-fee (OCF) fund with the highest risk. The fees are what eat your net returns, and the risk generally means the price moves around a lot - which is OK so long as you won't need to sell at a low point.

    This isn't advice, obviously, because I'm not qualified and your risk appetite will be different to mine.

  • in Miscellaneous and Meaningless
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    It's version 2 of the weird conspiracy theory thing that was linked to an SEC consultation - I haven't compared it all, but they added a picture of an iceberg, so that's nice.

    There seem to be two things going on:

    1. a lot of very motivated reasoning, apparently based on the belief that share prices going down is a bad thing done to harm companies. Presumably no company has ever been overvalued, and no investor wants to know that their money could more usefully be invested elsewhere.
    2. the continual (and frequently italicized) use of the word counterfeit to make things sound scary, in almost exactly the same way as fractional reserve banking is criticized for creating money out of thin air.

    Having said that, there's also a decent section on genuinely dodgy short attacks. It's undermined a bit by all the emotive crap, but otherwise OK. Unfortunately it makes no effort to distinguish between these and simply shorting a company you think is overvalued (and I'm not offering any opinion on which of those better describes GME).

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    People who shat the bed, presumably. Or who have small kids or incontinent pets.

    Anyway, I suspect the cost of adding another program is very close to zero, and the risk of missing a sale because your machine has fewer programs-that-will-never-be-used-anyway than the competition is higher than zero.

  • in Miscellaneous and Meaningless
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    The flex drawer is great, I have one and mostly use it for booze.

  • in Miscellaneous and Meaningless
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    It probably still works fine as a moisturiser after the fats/oils have gone rancid - it'll just smell a bit funny.

    I guess the bacterial population will have grown too though, so maybe avoid moisturising any open cuts ...

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