February 12, 2019 at 1:11 PM #22661moneymakerParticipant
So I made some money recently, but I’m also down on 2 other stocks, AA and QC, I won’t sell until I can profit. Pretty darn sure the market is a zero sum game in that when I win somebody else loses. The real question is is the US economy zero sum? I would predict no, with $1 Billion leaving the country every day doesn’t seem zero to me. How about the world economy? Is it a zero sum game? Thoughts? Is it important to differentiate when a system is zero sum game?February 12, 2019 at 1:16 PM #811732moneymakerParticipant
If I were to suddenly come up with a cure for cancer, the money being spent right now on research, doctors, therapy, would not suddenly start flowing into my pocket, hence definitely not even close to being zero sum. AI may be used to predict outcomes in zero sum games, but not at other times.February 15, 2019 at 7:05 AM #811794CoronitaParticipant
looking at my 2019 portfolio so far…. once again, my vanguard account with only index funds are trouncing my actively traded schwab account. Fortunately, with my schwab account I’ve been slowly switching to Schwab no commission ETFs that track the indexes. 2019 has been good so far. I think the passive drip and forget into passive index funds is still the winning strategy for the long term
My kids 529k account is on fire. Approaching $200k…I am contributing even more. Thanks to the new tax law changes allowing TAX FREE 529 distributions for private K-12 tuition up to $10k/year per person, I am going to be paying for my niece and nephew’s K-12 private school up to $10k/year per person per year and getting that same amounted gifted back to me, so can do tax free $20k in capital gains distributions tax free essentially.. heh heh
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