• 0 Posts
  • 230 Comments
Joined 1 year ago
cake
Cake day: June 15th, 2023

help-circle












  • The purpose is to rate the users.

    Individual communities can set up guidelines, that if you have a new account under 6 months, and you have a negative overall karma, you’re banned from that community until a human can look through your post history to see if you should be unbanned. you’ll have to repost previously highly upvoted content to pump up your karma numbers, until you have a positive overall karma.

    FTFY, I’d really prefer to leave that mistake of karma at Reddit instead of polluting Lemmy with it.

    Lemmy karma-less method also drastically reduces the value of bot accounts to farm karma (for nefarious or advertising use before being banned).





  • Stop. The Vanguard retirement funds all did this if the target is before 2060. And those are invested in index funds by professionals. OP likely had the VTINX

    OP’s losses are more exagerated than just the Target Date fund experiencing a dip from bond exposure.

    Here’s OP’s same initial investment on the same day but 100% in VTINX:

    So instead of a $4k loss that OP showed, it would been a $71 loss. OP went picking individual stocks and got burned (assuming they liquidated their position after seeing their portfolio balance).


  • Or I completely disagree with the idea of individuals investing for their retirement as a base expectation when the options available are not universal nor affordable for half the population.

    Then you should have led with that. I wouldn’t have wasted my time trying to explain how to use the system to someone not interested in any part of the system. None of your arguments are about the mechanisms of the system, but instead lack of its universal applicability. You weren’t interested to learning how the system can work, you’d already dismissed it from the get-go.

    Your post comes across as dismissive of anyone criticizing the current system.

    Your posts come off as trolling because you’re arguing about particular internal steps to the current system when you don’t even care about it.


  • You do understand a significant portion of the population doesn’t have a dollar to spare when they live paycheck to paycheck, right?

    Listen friend, its entirely possibly you started off with good intentions in this thread, but somewhere along the line it looks like you got so concerned with “being right” or “getting zingers” that your responses got more and more useless and simply argumentative for arguments sake. I’m human, I’ve been there. Look where you started off this line of conversation with this:

    So if the market crashes the year before I want to retire I should just put off retiring for another 30 years.

    The way I know you went down the wrong path is that if you were genuine with your argument, you would have started HERE with your comments about people not being able to save anything for retirement. Instead, you attacked a legitimate way to save for retirement for those that can save for retirement. Worse, you did so from a position of ignorance, but then attacked the response that informed you how your stated position was inaccurate.

    The other possibility is that you started your whole rant without any thought to having a good faith conversation about the benefits or challenges to Americans saving for retirement. That would make you a straight up Troll. I don’t that thats who you are, so maybe just let this conversation thread die because its not producing anything productive for you and its otherwise a waste of time for everyone.