Random thoughts for a Tuesday
Reading through the headlines of one of the major financial sites I saw a headline that said that GM & Ford were in trouble due to a potential car loan bubble (likely), and another that said that Ford shares should jump 40% because Cars.com predicted an increase in car sales.
While it’s obvious that the writers of those articles aren’t looking at things holistically, it begs the question: how in the hell are average investors supposed to sort through all of this mess to make any decisions? Do they just pick sides as far as sites, writers, viewpoints, etc., and just follow the advice from “their favorite”?
Talk about a case for just investing with ETFs.
Also, no wonder future wifey tells me to just “take care of it” when it comes to our investments with the added “if you screw up, YOU’RE going to be the one working when we’re old, not me”.
Wouldn’t that be a great way to work with a financial advisor? “Look man, if you mess up my money, you’re going to have to get a job and support me when I’m old”
Also, 40% is a huge jump; just how many additional cars does that author think Ford is going to sell?
I loved this blog post discussing how absurdly vague software patents are allowed to be, and how that nonsense doesn’t fly in other industries.
I read a news story around how a new start-up is offering an electronics payment service that doesn’t charge credit card fees, instead it offers customers “special deals” or “purchase credits” and charges the retailers that use them $0.35 on the dollar for each purchase credit.
Here is the problem: in order to make money LevelUp needs to generate more revenue from the 35% it charges on purchase credits than it pays in credit card fees. Meaning: if LevelUp gets to a point where it makes money, it’s no longer a profitable relationship for the merchants using it as the cost for the purchase credits will exceed the cost of paying credit card fees.
Needless to say, I’m skeptical of the mathematics of this situation.
Trying to find an end around the law of no free lunch is probably not the best way to build a payments business…
…unless you’re thinking that a lot of business owner’s pathological hatred of credit card fees will cause them not to realize that you’ve tricked them.
Apparently we have a bunch of communes in Seattle, the owner of one noted that she hates that her neighborhood has become full of “double income white people, it’s boring”.
My retort would be that I’m black and I find overly educated white people complaining about “double income white people” insufferable, in fact, I find any self-righteous complaining about “people different than me have moved into my neighborhood, help, help, I’m being oppressed” to be annoying.
Especially since that neighborhood has nearly always been 90-95% white, you know, like ALL of the Seattle area.
Here is the funny thing: I know some of her neighbors, they share really similar world views, she might like them if she looked past the fact that they have good jobs.
Maybe that’s the real issue as far as partisan divides in this country, anyone far left or right is close minded and insufferable.
Either way, reading about the communes struck a nerve, not sure why.
Loved this piece by Susan Schorn related to the Hobby Lobby case (written before the SCOTUS’ deplorable decision), reading it makes me wish we could bring back my great-grandmother and Susan’s great-aunt to straighten out the government.
I mean, sure, they’d wind up discussing smacking techniques and then unleashing hell on Congress, but don’t you want Boehner to have something to legitimately cry about? I mean, when my great-grandmother smacked my little brother* for talking back in the early 80s he never talked back to an adult again. ß This is true. He even brought it up the other day….
…..and he’s 36.
Speaking of tough women my Grandmother had this to say when she signed her DNR: “Of course I’m signing this, I don’t want ya’ll waking me up out of my good sleep, I’m old, I’ve had a good life and I’ve always been surrounded by people that loved me”
*I freely admit I violated the Warrior Ethos by running away when this happened, there was no need for both of us to go down.