Lol, Party Like is 1999..

[burghMan]

[quote=temeculaguy] Then I’m reminded of the adage “you think it’s expensive now, wait till it’s free.”[/quote]

What we have now is perhaps the worst form of economics: private entities subsidized by public money.

College education is already socialist. The UC system is the biggest employer in California. Government backed private student loans have been a huge factor in rising college costs. Private, for-profit colleges have made billions from students using government guaranteed loans to pay tuition.

We’d be much better off with a direct form or socialism than the one we have today. If government provided college for free, there would be more transparency and fewer middlemen taking a cut.

[spdrun]

The-Shoveler —

As far as degree deflation CUNY and SUNY have been free (given income < $120k/yr) for a few years, but nearly free for decades. This doesn't make their STEM degree programs any less competitive -- the difference is that the "weeders" of the system are very difficult classes at the beginning, not whose parents have how much money. As far as going back to school, generally only the first bachelor's degree is free for states that have "free college." Master's won't be free. But, Ph. D. programs have been free for decades -- they often actually pay you for teaching and doing research. It's not GOOD pay (like $30k/yr + $10k/yr housing stipend), but it's better than having to pay THEM.

[Coronita]

There is already a free college program. We have in CA The Promise Program..

https://www.sdccd.edu/about/departments-and-offices/student-services-department/promise/

Honestly, I’m on the fence of this topic. I am not against some financial assistance to otherwise people who cannot afford to go to a JC , trade school, vocational school, or even a state school if it makes their prospects of employment and being a productive and tax paying citizen better.

I just don’t think free tuition should be a free for all for any degree. Like a free tuition to a bullshit Shakesperian History major that is unemploymable should not be state paid. Those majors are reserved for families that can support a kid via a trust fund. Also, US Citizens only or at least first. But the nice thing about the Promise Program is that it is partly funded by donations. I do understand we shouldn’t make this a compulsory tax every has to pay

[The-Shoveler]

STEM degrees are not being deflated, but we are seeing Jobs like “sales clerk” requiring a 4 year degree in some places.

[spdrun]

Here’s the thing … we’ve spent $7 trillion (that’s with a T) sending our military bullies all over the world for the past 18 years. $400 billion per year. You should be complaining about tax money being bled from CA to support things like military thuggery abroad, the “War on Some Drugs”, etc, not about the money actually being invested in the futures of Americans.

Say Harvard costs $70,000 per year. So a million bucks could send about 15 people to Harvard for a year. Multiply that by 400000 and that $400 billion could give 6 million students a year a full ride to Harvard. Isn’t that better than buying corpses, cripples, and mental illnesses with that money? (Public universities tend to be cheaper, so the real number is higher than 6 million. Much higher.)

Fuck militarism, fuck endless war. Oh yeah. We killed some al Qaeda bigwig last month. So what? We’ve been killing people like him for almost two decades … it doesn’t seem to stop the next PoS from emerging. It’s like a sick game of Whack-a-Mole, except that we never want to win. Endless war is too profitable for the defence contractors and their pet whores in Congress.

Imagine a country where promising students from lower-income backgrounds could go to college and get a career without selling their souls to the military…

[Coronita]

[quote=The-Shoveler]STEM degrees are not being deflated, but we are seeing Jobs like “sales clerk” requiring a 4 year degree in some places.[/quote]

Or a physical therapist requiring advanced degree

Actually as I said before, if educational cost is an issue, we should do something about the College Board and how expensive it is just to take an SAT or AP test. The CEO of that nonprofit milks over $1million/year and then comes up with some stupid idea of adversity hardship score to try to give brownie points to people who are at an economic disadvantage….Typical progressive hypocrisy.

[spdrun]

^^^

Nationalize the SATs … have something similar to the Baccalaureat exam in France or the Regents Board exams in NY state instead. Make it free as part of HS graduation.

Public schools in NY don’t require SAT or ACT scores — Regents and/or their own admission tests are considered good enough:

Testing FAQs

[gzz]

Flu, congrats on the AMD calls. I’d never have done that, I stay away from capital intensive competitive industries like that.

Closest thing was during the big recession I purchased SNDK for about 5 and was pleased when it went to 9 in a few months and I sold.

Four years later it hit 100, and was delisted when they were purchased for 76. I know that even if I had held on at 9, I would have sold at 11 or 15.

Might have happened again with UBER. After my profit on that short hit 25% I cut my position in half. And it has kept falling since. I am just not very good at holding onto big winners.

My favorite Vanguard funds are VWO and VYMI. I only went in a few weeks ago, so far slight outperformance of the benchmark VOO.

[Coronita]

This never fails. Whenever I sell a part of my holdings and move it into cash to go for that safer path….Things go up.

Damn you AMD and the stock market. Who would have thought a single digit stock would end up at $39 a few years later. This sucks.

[The-Shoveler]

Can’t win them all flu, just need to win more than you lose.

You have a lot of company as well, a lot of retail investors are watching the market go up from the side lines.

[Coronita]

[quote=The-Shoveler]Can’t win them all flu, just need to win more than you lose.

You have a lot of company as well, a lot of retail investors are watching the market go up from the side lines.[/quote]

Dow up another 200+pts today…. Dang

[Coronita]

This really sucks. My 401k allocation is all fvcked up now.[img_assist|nid=26901|title=|desc=|link=node|align=left|width=500]

After my latest rebalance, only 36% is domestic stock, 14% is foreign stock. The rest is bonds (28%) short term (22%) and a bunch of minute stuff that doesn’t matter. No wonder the 401k is underperforming everything else, only 19.2% ytd

[The-Shoveler]

I don’t even want to look at mine LOL.

I am only about 30% stocks, 70% bonds so I will be lucky to get 10%.

I sold DIS at 120 last year so that is my biggest regret.

[Coronita]

[quote=The-Shoveler]I don’t even want to look at mine LOL.

I am only about 30% stocks, 70% bonds so I will be lucky to get 10%.

I sold DIS at 120 last year so that is my biggest regret.[/quote]

60/40 is generally my split between stock and and bonds+short term. “Because that’s what they say.” I don’t know why I dipped below that Listening to doomsayers that constantly say the world is ending can be hazardous to one’s retirement financial health.

I guess I’m in good company.
https://www.marketwatch.com/story/about-55-of-wealthy-investors-are-bracing-for-a-significant-drop-before-the-end-of-2020-ubs-survey-shows-2019-11-12?siteid=yhoof2&yptr=yahoo

[The-Shoveler]

I was at a free stock seminar yesterday and I heard two things I thought were interesting.

1) The US FED was quietly keeping Europe banks and Deutsche bank particularly solvent by injecting 50 billion dollars “per-day” (already exceeding all the 2008-9 bail out over the last year). (not sure the above is true “it was a free seminar lol” but I thought it interesting).

2) The brokers have not completely figured out how to make money with free trading yet.

IMO No one seems interested in pulling the punch bowl away yet.

[Author]

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